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Mableton authorizes retail‑market study, asks state lawmakers to enable redevelopment powers
Summary
Mableton’s council voted to seek state authorization for redevelopment powers (tax allocation districts) and to authorize negotiation of a retail/leakage study contract with Retail Strategies to help attract targeted retail investment.
At its Nov. 12 meeting the Mableton City Council moved forward on two related economic development items: a council resolution requesting that the local legislative delegation introduce state legislation to authorize redevelopment powers and the authorization for the mayor to negotiate and execute a retail/market strategy contract in substantial form.
Redevelopment powers and TADs
Director Arlene Jones summarized redevelopment powers law and tax allocation districts (TADs), explaining that the mechanism allows a local government to use incremental future tax revenue generated by new development within a designated area to fund infrastructure improvements for that area…
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