Atlanta Mayor Keisha Lance Bottoms has sent a revised, and somewhat simpler proposal to City Council Council that still makes a big ask for future tax dollars to subsidize major new construction in the Gulch.
Atlanta City Council is wading into some proposals about if to allocate (and millions and millions) of tax dollars to private developers to try and encourage building in a pair of special zones on either side of the Connector. Ground zero is Downtown’s Gulch.
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.