Fulton Industrial Boulevard gets CID
Atlanta Business Chronicle
Dave Williams, Staff Writer
Tuesday, October 12, 2010
Business owners along Fulton Industrial Boulevard have become the latest to organize a self-taxing community improvement district to finance public safety and transportation infrastructure improvements.
The Fulton County Commission signed off on a plan to create the new CID after property owners representing at least 75 percent of the property value within the proposed district agreed to the idea.
The CID’s boundaries are Great Southwest Parkway, Westgate Parkway, Westlake Parkway and Fulton County’s border with Cobb County.
Once the largest warehousing and distribution corridor east of the Mississippi River, Fulton Industrial Boulevard has been plagued for several decades by blighted properties and crime.
The county adopted a redevelopment plan for the corridor last year. The CID is in the southern end of the corridor.
The state has declared the northern end of Fulton Industrial an Industrial Opportunity Zone, which allows businesses to receive tax credits for each job they create.
The county also recently opened a satellite government services center on Fulton Industrial Boulevard.
Other Fulton CIDs are located in the Perimeter Mall area, in Alpharetta near the North Point Mall and in Midtown and downtown Atlanta.