The property taxes on the new development would otherwise have helped build the BeltLine and underwrite other developments.
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Three tax incentive deals for big developments divide Atlanta board
The board of Atlanta’s investment authority on Thursday approved deals that include tax breaks worth $16.1 million over ten years meant to help jumpstart three big developments. But with an eye toward property tax bills going out soon to homeowners, critics asked whether the city needs to be handing out breaks for these works.
