Perimeter CIDs
Public-Private Partnerships That Improve The Market
PCIDs Standard Template; Updated: Oct 03, 2013
Perimeter CIDs Public-Private Partnerships That Improve The Market - - PowerPoint PPT Presentation
Perimeter CIDs Public-Private Partnerships That Improve The Market PCIDs Standard Template; Updated: Oct 03, 2013 What is a CID? CIDs in Georgia are created by the state legislature and adopted by local governments. They are
PCIDs Standard Template; Updated: Oct 03, 2013
2
What is a CID?
CIDs in Georgia are created by the state legislature and adopted by local
and self-taxing for purposes of infrastructure and other improvements in a defined geographic area. ONLY commercial property owners pay the additional tax millage, not residents.
PCIDs work cross- jurisdictionally with governmental partners:
John Heagy, Chair Central (DeKalb) Hines Diane Calloway, Acting Chair Fulton Specialized Title Services, Inc.
Kay Younglove, Vice Chair Jones Lang LaSalle Dean Patterson, Treasurer Fairlead Commercial Real Estate David Canaday, Secretary Rubenstein Partners Bob Voyles, Immediate Past Chair Seven Oaks Company William Baker General Growth Properties Alex Chambers KDC Real Estate Development & Investments Peter Dunn Le Meridien Hotel Michael Grover Cox Communications John Lundeen Coro Realty Advisors Steve Slifer, Secretary United Parcel Service Dean Patterson, Treasurer Fairlead Commercial Real Estate John Bell Regent Partners Pat Chesser South City Partners Tad Leithead Tad Leithead Advisors Anne Lofye Cox Communications Don Mabry Simpson Housing Kris Miller Ackerman & Company
To Create a Thriving, Connected Live, Work and Play Center That is Attractive to Companies Considering Relocation and to Companies Currently in the Market
5
Farm Land 1960s I-285 Opened 1969 Suburbs/ Perimeter Mall early 1970s Congested Office District 1990s Livable Center Sustainable Placemaking
6
connectivity and choice.
shopping, dining and much more make the market an attractive choice for small businesses and Fortune 500 companies.
stations.
and 13 hotel shuttles to and from MARTA stations.
PCIDs Boundary
Central Perimeter Submarket (blue)
M
7
Source: Balmoral Group 2015
(total square footage comprises all office, office condominium, office loft,
tenant buildings including owner-occupied buildings)
Both small businesses and Fortune 500 Companies call Perimeter
Central Perimeter market over the last few years include:
8
Sources: Balmoral Group 2015
And many more!
9
$41.7 M 914.8 M
$41.7 million = CID funds $914.8 million = other resources for transportation infrastructure projects
A Leverage of 22 to 1
Infrastructure Improvements Investor Services Quality of Life Programs & Projects
Program
Dunwoody Road
Improvements include: The project will provide enhancements to these roadways that improve safety and facilitate better traffic flow to accommodate the high volume of travelers passing through it each day. Those improvements include:
just east of Ashford Dunwoody Road on I-285
south of the Glenridge Connector north to the Spalding Drive area on SR 400
distributor lanes along I-285 and SR 400 to help reduce weaving, merging and accelerating/decelerating conflict
interchange
Highway
in the interchange area
What You Can Expect:
bridge
construction
traffic by constructing the work in stages. It is likely that most of the work will be done at night 9:00pm – 5:00am and during off-peak hours.
be open at peak commute times during construction
For updates visit 285at400.org
13