County to participate in TAD - WALB.com, Albany News, Weather, Sports

County to participate in TAD

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By Karen Cohilas - bio | email

November 3, 2008

ALBANY, GA (WALB) - The Dougherty County commission is doing its part to help downtown development. Commissioners voted Monday to participate in the Albany Riverfront and Gateway Tax allocation redevelopment plan that was created by the city.

By participating, the county agrees that all new tax created from businesses that move into the district will be used to help spur development there.  Assistant City Manager James Taylor said, "It gives us more tax increment money to put on the district and it will accelerate development and shorten the development cycle if we can do this."

The school board won't be allowed to participate in the tax allocation district unless an amendment is passed tomorrow giving them the right to do so. Even then, the board members would have to opt in to participate in the TAD.

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