Monday, December 10, 2007
News TAD, already
Posted by Scott Henry @ScottTheHenry on Mon, Dec 10, 2007 at 9:03 PM
Rep. Mike Jacobs, R-Atlanta, conducted a poll of 318 households in his mid-DeKalb district to see what local homeowners thought about the prospect of high-density, mixed-use development -- a la what the Sembler Co. is proposing -- around the intersection of Briarcliff and N. Druid Hills roads.
Turns out surrounding residents are fairly split on the notion: About 53 percent said they would not like to see that kind of redevelopment there, while 47 percent said they would -- providing that it was accompanied by infrastructure improvements, such as traffic upgrades.
But the county commission is already moving in a direction some consider to be full steam ahead toward redevelopment. At tomorrow's board meeting, commissioners are expected to vote on whether to create a tax-allocation district around the intersection. Ideally, a TAD would produce the funds necessary to pay for a transportation overhaul of the area. Some critics, including Jacobs, believe a community improvement district – in which infrastructure funds come out of landowners' pockets, not from future tax revenues -- is a better approach.
The meeting begins at 9 a.m. at the Manuel Maloof Auditorium in Decatur. Vernon Jones will be large and in charge.
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