Posted Feb 20, 2018, 12:08 PM
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Join Date: Feb 2005
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Atlanta Beltline funding bill before Georgia House
https://www.bizjournals.com/atlanta/...gia-house.html
Quote:
The Atlanta Beltline could get a new source of funding under legislation before the Georgia House of Representatives.
House Bill 642 would create a "special improvement district" along the Beltline modeled after the community improvement districts that began cropping up across metro Atlanta back in the late 1980s.
The self-taxing district would be formed subject to the agreement of at least 51 percent of commercial property taxpayers along the Beltline or taxpayers owning at least 75 percent of the assessed value of commercial properties.
The tax revenue raised by the district would be used strictly for construction projects along the 22-mile Beltline corridor, including trails, not for transit projects or private development, McGowan said.
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