Perkerson Civic Association

*** Area Development Plans ***

 

The following are economic development plans for the area including

and surrounding the Perkerson Community.

 

Attached are links to the websites necessary to learn the history of the plans on file with the City of Atlanta Atlanta Development Authority and the City of Atlanta Planning Department as part of the City's ASAP---Atlanta Strategic Action Plan---the City's comprehensive Development Plan for each area categorized by NPU with input from citizens.

 

Atlanta Development Authority

89 Pryor Street, Suite 300

Atlanta, GA 30303

404-215-3262

www.atlantada.com

 

Home page for the organzation responsible for Atlanta's economic development:

Atlanta Development Authority (Click on name for web link)

Website Link: Atlanta Economic Development Focus Areas Map & Information

Website Link: Atlanta New Century Economic Development Plan for the City of Atlanta

Website Link: Southside Industrial Park Covenants

Website Link: Atlanta Development Authority Reports & Studies

 

Background Information

 

AtlantaEmergingMarkets.com is owned and operated by the Atlanta Development Authority in partnership with the City of Atlanta’s Department of Planning and Community Development.

This website highlights nine emerging markets that have been studied by the Atlanta Development Authority. You can search for available properties, download zoning or land use maps and learn about demographics, development potential and incentives for each corridor.

Within these corridors there are development nodes – intersections that have been assessed in terms of potential and readiness for growth. There are more than 25 nodes identified throughout this site as opportune locations for revitalization and new development.

Download the full report: Revitalization Incentives for Underserved Areas

 

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Our area is covered by the Metropolitan Parkway Tax Allocation District (TAD) described below:

Website Link: Metropolitan Parkway TAD

Website Link: Metropolitan Parkway Demographics

Website Link: Metropolitan Parkway TAD Zoning Map

Website Link: Metropolitan Parkway TAD Land Use Map

Website Link: Metropolitan Parkway TAD Facilities Map

 

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TAX ALLOCATION DISTRICTS
The Atlanta Development Authority (ADA) serves as a redevelopment agent for all tax allocation districts (TADs) formed within the City of Atlanta. Ten such TADs have been established:
  • Atlantic Station
  • BeltLine
  • Campbellton Road
  • Eastside
  • Hollowell/ML King
  • Metropolitan Parkway
  • Perry-Bolton
  • Princeton Lakes
  • Stadium Area
  • Westside

A Look At The 1st Eight Years of TADs In Georgia: A Survey and Analysis

Status of Approved Residential Projects
Approved TAD Projects



Click to  Enlarge
Tax allocation districts are one of the City of Atlanta’s most valuable economic development tools. Also known as tax increment financing (TIF), tax allocation financing is a redevelopment and financing tool by which governments can provide financial assistance to eligible public and private redevelopment efforts within an officially designated area or TAD. Increases in property tax revenues, which are generated primarily from new investment in the district, are allocated to pay infrastructure costs or certain private development costs within the TAD. This is primarily done through the issuance of tax allocation district bonds. Approval to establish a TAD must be obtained from all governments with tax authority within the district (City, County, and school) in order to use all portions of property tax revenues.

TAD Process

In the first step of the project approval and bond issuance process ADA staff meets with each developer to discuss the conceptual project overview. After reviewing the project scope, ADA determines the project’s eligibility. If the project appears consistent with the goals outlined in the Redevelopment Plan, the developer’s next step is to complete and submit the TAD application and application fee. In addition to thorough staff evaluation, underwriting, feasibility and fiscal analysis, projects are presented to a community advisory board or committee, which makes recommendations to the ADA Board in support of or against individual projects. Developers of approved projects enter into a ‘Developer Agreement’ with the City and ADA, the conditions of which must be approved by the ADA Board. City Council must then approve the full bond document and funding amounts before tax allocation bonds are sold. The proceeds from the bond issue are distributed to the developers as outlined in the bond documents.

For more information on the TAD program, please review our TADs 101 presentation.

TAD Educational Video (Windows Media Player required to view the video)

TAD Project Selection and Bond Issuance Process

TAD Developer Requisition Process

Map of the City's 10 Tax Allocations Districts with MARTA Stations

TAD December 2009 Financial Statements

TAD March 2010 Financial Statements

Approved TAD Projects

Status of Approved Residential Project

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Fort McPherson Redevelopment

 

Website Link: Fort McPherson

 

Inquiries and questions should be directed to McPherson Redevelopment Authority.

 

Fort McPherson / Established in 1885

The Department of Defense’s base realignment and closure process determined in 2005 that Fort McPherson will close by September 15, 2011. The closure of this military installation now serving as the headquarters for the U.S. Army Forces Command and other important activities leaves almost 488 acres of land, roadways, historic buildings, recreational facilities, and other potential developmental infrastructure.

 

The McPherson Planning Local Redevelopment Authority was formed in December 2005 as a nonprofit corporation with the mission of planning the reuse and economic development of this valuable and beautiful real estate parcel. The redevelopment authority is tasked with identifying the redevelopment needs of local communities including southwest Atlanta and East Point and devising a comprehensive redevelopment plan to maximize the benefits to the impacted areas.

 

Public hearings, community meetings, and the comprehensive reuse plan have provided a preliminary vision of the possibilities for the future of Fort McPherson. Single and multi-family housing, medical facilities for veterans, an event space, educational facilities, an employment center and high density mixed use development are components of the vision for the Fort McPherson site, along with significant green space preservation to take advantage of the site’s natural beauty. The site’s proximity to two MARTA transit stations—Lakewood/Ft. McPherson at the southeast corner and the Oakland City station at the northeast corner—provide convenient access to downtown Atlanta and the airport. Future transit plans such as Atlanta’s Beltline project and the proposed Peachtree corridor streetcar will further enhance the site’s accessibility.

 

Clearly the Fort McPherson redevelopment project has the capacity to transform southwest Atlanta. The recently incorporated McPherson Action Community Coalition (MACC) is a nonprofit coalition in its organizing stages that will provide another avenue for community input on the Fort McPherson redevelopment. MACC hopes to shape the success of the redevelopment effort as the Northwest Community Alliance. More detailed information about the past and future of Fort McPherson can be gathered at http://www.mcphersonredevelopment.com/.

 

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On November 10, 2005, the recommendation from the Base Realignment and Closure Commission (BRAC) to close Fort McPherson became law. The City of Atlanta has worked closely with the Governor’s Office, the Office of Economic Adjustment at the Department of Defense, the City of East Point and Fulton County preparing for this event.

Mayor Shirley Franklin created the McPherson Planning Local Redevelopment Authority (McPherson Planning LRA) and asked Felker Ward to chair the LRA.  Mr. Ward is a community leader, retired military colonel, attorney and president of an investment advisory firm.

The McPherson Planning LRA has the responsibility and authority for planning the reuse of Ft. McPherson and serves as the sole point of contact regarding the reuse of Ft. McPherson with the Department of Defense’s Office of Economic Adjustment and the Department of the Army. Its goals are to minimize the negative impact on Ft. McPherson employees and metro Atlanta residents as well as to create a redevelopment plan that will be an economic engine for the area.

The McPherson Planning LRA is governed by a ten-member Executive Committee and will recognize and reflect the interests of all key public and private stakeholders

 

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Atlanta's BeltLine

 

BeltLine Map

 

Sylvan Hills and Atlanta’s transformative BeltLine project have a special history and a promising future together. In 1999, Georgia Tech graduate student and former Sylvan Hills resident Ryan Gravel proposed linking multiple city neighborhoods with a new transit system built along underutilized and abandoned railways in the city. Ryan’s thesis inspired the BeltLine, and his original concept has grown to include transit, parks and trails, neighborhood preservation and revitalization, mixed-use development, affordable housing, cleaner air, and an improved tax base–all advancing economic development and quality of life.

 

The BeltLine’s 22 miles of historic rail segments that encircle Atlanta’s urban core connects many of southwest Atlanta’s neighborhoods including our Capitol View, Capitol View Manor, Adair Park and Sylvan Hills neighbors.

 

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Website Link: The Beltline

 

Posted by perkerson on 06/28/2010
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