Georgia Aquarium The development site is in the westside
TAD. As such, a new development is entitled to apply
to the Atlanta Development Authority for an allocation of bond
money to fund development costs from eight percent (8%) to ten
percent (10%) of the total development budget.
There is no affordable housing requirement for residential
projects that receive TAD funds.
A number of projects within a mile have already been funded
including the following:
| Project |
Westside TAD Funding |
Total Project Cost |
| 55 Allen Plaza |
$5,400,000 |
$78,042,300 |
| Historic Westside Village |
$4,100,000 |
$34,674,200 |
| Marietta Place |
$1,300,000 |
$11,310,000 |
| Park Pavilion |
$2,400,000 |
$38,152,000 |
| The Glenn Boutique Hotel |
$1,500,000 |
$20,900,000 |
| Winecoff Hotel |
$1,300,000 |
$20,528,000 |
| World of Coke |
$5,400,000 |
$96,400,000 |
| Subtotal |
$21,400,000 |
$300,006,500 |
|
If you have questions about the TAD and the application process,
please contact:
CNN Amanda Rhein
Project Manager, Tax Allocation Districts
Atlanta Development Authority
86 Pryor Street, SW
Suite 300
Atlanta, GA 30303-3131
Direct: (404) 614-8282
Fax: (404) 880-9333
Email: arhein@atlantada.com
www.atlantada.com/buildDev/westside.jsp
The Westside Tax Allocation District (includes the subject
property) was expanded in 1998 in order to support efforts
that are currently underway to encourage new development and
expand redevelopment efforts to adjacent residential areas
of Vine City and English Avenue. The TAD also seeks to capitalize
on the opportunity to revitalize the land surrounding the new
Centennial Olympic Park and foster the development of connections
between the Central Business District, Clark Atlanta University
Center, the Georgia Tech Campus, and adjoining neighborhoods
by promoting improved transportation corridors, safer streets,
streetscaping for pedestrians, and greenway trails.
The TAD will facilitate the development of infill projects to eliminate the development gaps which exists because of inadequate and aging sewers, property acquisition and assemblage costs, and perceived environmental contamination. Through the development of linkages, infrastructure, and infill development this TAD encourages and supports new and existing businesses, new and renovated housing, and the support services that will help build a sustainable community.
Westside TAD Application (Word Doc)
Show
TAD Map (PDF)
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