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In August of 2005, Invest Atlanta commissioned the analysis of redevelopment incentive tools to determine how best to spur redevelopment in areas of the city that have historically suffered from disinvestment. Invest Atlanta asked Bay Area Economics (BAE) and Urban Collage (UC) to identify redevelopment opportunities for using alternative economic development tools in ten Study Areas:
- Donald Lee Hollowell Parkway corridor
- Simpson Road corridor
- Stadium Neighborhoods (comprised of Summerhill, Mechanicsville, Pittsburgh and Peoplestown)
- Memorial Drive corridor
- Jonesboro Road corridor
- Campbellton Road corridor
- Martin Luther King, Jr. Drive corridor
- Georgia Avenue/Ralph David Abernathy Boulevard/Cascade Road are
- Metropolitan Parkway corridor
- Campbellton Road/Greenbriar Parkway corridor
Atlanta's primary economic development tools are Tax Allocation Districts (TAD), Urban Enterprise Zones (UEZ) and the recently authorized Opportunity Zones within UEZs. Invest Atlanta is committed to implementing the most appropriate and most effective incentives for encouraging and supporting revitalization consistent with the City's Comprehensive Development Plan and other redevelopment plans. For the workplan for implementation of the incentives click here >> .
To review the Revitalization Incentives for Underdeveloped Areas report click here >> .
Metropolitan Parkway TAD
Stadium Area TAD
Hollowell MLK TAD
Campbellton Road TAD
Campbellton TAD Redevelopment Plan - final
Hollowell-MLK TAD Redevelopment Plan - final
Metropolitan Parkway TAD Redevelopment - final
Stadium Report TAD Redevelopment - final
- Despite 33 percent of Atlanta's inner city population living in poverty, it has roughly three times the income density of the rest of the surrounding metropolitan area.
- Inner city Atlanta has an unemployment rate of 16 percent - four times that of the rest of the MSA unemployment rate of 4 percent.
- Over 1995-2001, job growth in inner city Atlanta lagged that of the surrounding area. In the inner city, employment increased by 0.9 percent, but grew 2.6 percent in the city and 3.5 percent in the rest of the MSA.
Between 1998 and 2001, there was a net gain of 8,375 jobs in inner city Atlanta. Business Services gained 3,107 jobs while Forest Products lost 1,533 jobs.
Source: State of the InnerCity Economies www.icic.org
July 9th, 2005 - Westside Neighborhoods Economic Summit Presentation click here >>
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