25-O-1560 : ****AN ORDINANCE BY COUNCILMEMBER MICHAEL JULIAN BOND TO EXTEND THE SUNSET DATES OF CERTAIN TAX ALLOCATION DISTRICTS OF THE CITY OF ATLANTA AND TO ESTABLISH SUNSET DATES OF CERTAIN TAX ALLOCATION DISTRICTS OF THE CITY OF ATLANTA AND TO PROVIDE THAT THOSE TAX ALLOCATION DISTRICTS OF THE CITY OF ATLANTA SHALL NOT SUNSET PRIOR TO DECEMBER 31, 2055, SPECIFICALLY INCLUDING THE WESTSIDE TAX ALLOCATION DISTRICT, PERRY-BOLTON TAX ALLOCATION DISTRICT, EASTSIDE TAX ALLOCATION DISTRICT, BELTLINE TAX ALLOCATION DISTRICT, CAMPBELLTON ROAD TAX ALLOCATION DISTRICT, HOLLOWELL/MARTIN LUTHER KING TAX ALLOCATION DISTRICT METROPOLITAN PARKWAY TAX ALLOCATION DISTRICT AND STADIUM NEIGHBORHOODS TAX ALLOCATION DISTRICT; TO RATIFY, CONFIRM AND APPROVE THE AMENDMENTS TO THE REDEVELOPMENT PLANS IN RESPECT OF THE FOREGOING TADS; TO FORMALLY REQUEST THE PARTICIPATION AND CONSENT OF THE BOARD OF COMMISSIONERS OF FULTON COUNTY AND THE ATLANTA BOARD OF EDUCATION; AND FOR OTHER PURPOSES.

Summary

This ordinance, 25-O-1560, proposes to extend the sunset dates of eight active Tax Allocation Districts (TADs) in the City of Atlanta to December 31, 2055. These TADs include the Westside, Perry-Bolton, Eastside, Beltline, Campbellton Road, Hollowell/Martin Luther King, Metropolitan Parkway, and Stadium Neighborhoods TADs. The legislation also ratifies amendments to their respective redevelopment plans and formally requests the continued participation and consent of the Fulton County Board of Commissioners and the Atlanta Board of Education.

Key Initiatives & Past Successes

Historically, TADs have been crucial financing mechanisms for stimulating private investment, remediating blight, creating jobs, and expanding affordable housing. Notable successes include the Westside TAD allocating $8.5 million to support 166 affordable housing units (leveraging over $50 million in private capital), the Perry-Bolton TAD catalyzing over 650 new single-family homes and 700 apartments, and the Beltline TAD facilitating 569 affordable housing units in 2024 while completing approximately 85% of its 22-mile mainline trail.

Future Investments

The extended TADs will continue to fund a broad range of projects categorized into:

• Mixed-Income Housing: Including new multi-family and single-family homes, blight condemnation, transit-oriented development, downtown condo rehabilitation (1,700 units in 14 buildings), and office-to-residential conversions (potentially 1,500 units from 1.6 million sq ft).
• Healthy, Safe Environments: Encompassing the TrailsATL Master Plan (over 500 miles of trails, ~30% within TADs), new and expanded parks, fresh food access (two markets opening in 2025), new health centers, and community microgrants.
• Transit/Infrastructure: Developing a connected transit network with new MARTA infill stations, Streetcar extensions, bikeshare programs, and complete streets initiatives.
• Quality Education: Supporting new early learning centers, teacher and family housing, and renovating existing early childcare facilities (20 grants already funded).
• Commercial & Economic Development: Providing small business grants and facilitating strategic land acquisitions for redevelopment.

Invest Atlanta will serve as the City's Redevelopment Agent, overseeing the implementation of these programs and projects.

Citizen Impact

The extension of these TADs means continued investment in Atlanta's neighborhoods through 2055, directly impacting residents by providing more affordable housing options, improved parks and trails, enhanced public transportation, and better access to fresh food and health services. These initiatives aim to combat displacement, create local jobs, and revitalize commercial corridors, fostering healthier, more connected communities across the city.

Confidence

high