Henry County commissioners approve consent to Stockbridge tax-allocation district for downtown "town center" project

The Henry County Board of Commissioners voted to approve an intergovernmental agreement consenting to the City of Stockbridge’s Tax Allocation District (TAD) number 1, a move the city says is necessary to finance a proposed downtown “Town Center” redevelopment.

The consent limits county participation to the Town Center project inside the certified TAD and to county general‑fund and recreation millage increments; it does not include county fire or water special service district millage. The agreement also requires the city to return to the county for approval before committing county increments to any future projects outside the Town Center scope.

Gary Mangione, a consultant with KB Advisory Group who presented the county briefing, said the downtown Town Center is a potential $300 million mixed‑use development and that, if implemented, the project would require an estimated $30 million to $40 million in tax‑increment financing. "Of that…