Dougherty School System could join TAD efforts - WALB.com, Albany News, Weather, Sports

Dougherty School System could join TAD efforts

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By Len Kiese - bio | email

ALBANY, GA (WALB) - The city of Albany hopes Dougherty County school leaders will hop on the TAD train.

The school board must decide whether to be part of the new Tax Allocation District. A pledged amount of property tax revenue from new development in that designated area will be used to redevelop blighted buildings and spur economic growth.

The school system could give up 1.9% of the current tax digest or about $3 million over the next 15 years. Albany Assistant City Manager James Taylor told school board members Monday night the system would end up benefiting by participating.

"The projects we propose to do are going to create a great deal of sales tax money, a great deal of ESPLOST money and that will eventually raise the value of the property within the district," said Taylor.

School board members will possibly vote in October. There are several projects planned under the TAD development plan. The Heritage House is one.

Taylor says the city will soon hear from developers who want to turn the dilapidated vacant hotel into a possible retirement community.

 


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