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Council moves to dissolve Atlantic Station TAD after Invest Atlanta presentation; distributions to taxing jurisdictions to follow
Summary
Invest Atlanta presented a history and remediation summary of Atlantic Station and recommended dissolving the Tax Allocation District; Council approved the ordinance declaring the Atlantic Steel/Atlantic Station TAD substantially complete and directing remaining funds to taxing jurisdictions.
Invest Atlanta told the City of Atlanta Finance and Executive Committee on Jan. 29 that the Atlantic Station Tax Allocation District (TAD) has fulfilled its redevelopment objectives and recommended dissolving the district; the committee approved a related ordinance and ordered distributions to taxing jurisdictions.
Eloisa Clementich, president and CEO of Invest Atlanta, described the TAD-backed cleanup and infrastructure work that enabled redevelopment of the former Atlantic Steel site into Atlantic Station, and she presented a timeline and outcomes including remediation volumes, infrastructure investments and awards. Clementich said the TAD funded “approximately $250,000,000” in public investment for infrastructure and environmental…
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