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Developer seeks TAD for Lafayette Parkway site, proposes infrastructure upgrades and 25‑year district
Summary
A developer asked the board to create a Tax Allocation District (TAD) to finance infrastructure for a 130‑acre mixed‑use redevelopment on Lafayette Parkway, proposing signalized intersections, large retail anchors, and a 25‑year increment window; GDOT coordination and a development‑of‑regional‑impact study are underway.
Matt Boone presented a redevelopment plan for Lafayette Parkway and asked the board to adopt a Tax Allocation District (TAD) for roughly 130 acres to finance necessary infrastructure improvements. Boone said the plan leads with retail to create co‑tenancy that attracts national tenants, and that infrastructure needs include signalized intersections on Lafayette Parkway and Davis Road, turn lanes and off‑site improvements in coordination with the Georgia Department of Transportation (GDOT). He said the developer is conducting a development‑of‑regional‑impact (DRI) analysis with GDOT.
Boone described financial and timing attributes: a multi‑decade district (he requested up to 25 years for the increment), projected increments to support infrastructure financing, and a phased build‑out he estimated could reach significant completion in 5‑7 years with earlier retail phases beginning sooner if tenant deals align. He also noted a potential of approximately 250 multifamily units included in planning materials as a possible later phase, while stressing his present focus is retail and hospitality to make the financing and yield work.
Commissioners asked detailed process questions about TAD boundaries, whether existing businesses and parcels would be included, how tax increments are calculated and how GDOT’s programmed projects (STIP) overlay with proposals. Boone said many parcels are already zoned commercial‑mixed use and that development plans and increment requests would be studied and negotiated after TAD adoption; he also emphasized that adoption of a TAD is not a tax abatement but a mechanism to capture increment for infrastructure.
The board did not take a final vote; staff and the developer will continue coordination with GDOT and return with the project as it advances through required studies and approvals.
