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The Metropolitan Parkway Tax Allocation District was created in late 2006 and its basic purpose is to generate public-private partnerships that will facilitate the redevelopment of one of the City's prime development sites within its southern sector. This TAD will help balance the disinvestment and general lack of new development during the past three decades within the Metropolitan Parkway area with the new development and private investment occurring in many of Atlanta’s other Intown communities. The TAD will encourage new commercial construction within the Metropolitan Parkway Corridor and help accomplish the following goals:
- Promote the development of infrastructure and amenities such as parks and plazas to encourage and support all elements critical to building a sustainable community comprised of neighborhoods that express their character through quality community gathering places and people- and pedestrian-friendly environments
- Allow for the development of primarily commercial infill and mixed-use projects that actively protect environmental resources to eliminate the development gaps that divide these communities
- Provide funding for additional roadway and transportation-oriented improvements that will address current and projected traffic congestion and improve access to transit facilities by encouraging appropriate intensities of development and an efficient mix of uses within transit areas
The TAD contains approximately 1,023 acres in the southwest quadrant of Atlanta and includes portions of Neighborhood Planning Units X, Y and Z.
Applications are currently being accepted for TAD financing through September 30, 2010. For more information on the application and approval process, please review the Program Description.
Metropolitan Parkway TAD Application/RFQ
Program Description
Metropolitan Parkway TAD Redevelopment Plan
Metropolitan Parkway Neighborhood Tour of Homes
Atlanta Emerging Markets Website
For more information about Tax Allocation Districts:
Flor Velarde, 404-614-8334 fvelarde@atlantada.com
Jay Jameson, 404-588-5470 jjameson@atlantada.com
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