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The Hollowell/M.L. King Tax Allocation District was created in late 2006 and its goal is to encourage private investment in the City’s west and northwest sectors by offering financing incentives that will help ameliorate the current conditions contributing to disinvestment and marginal use of property within the district. The TAD will provide inducement for certain major new developments that will spur more desirable and sustainable, market-based commercial and residential development in this area. With careful planning and guidance, both Hollowell Parkway and Martin Luther King Jr. Drive – and their surrounding communities – can be transformed into desirable, viable commercial and pedestrian-friendly communities.
The TAD will strengthen the City’s ability to promote truly balanced economic growth by directing one of its key economic development tools toward revitalizing a collection of neighborhoods that have been identified by the City as being in need of such support. The TAD area consists of approximately 886 acres within three identified development sub-areas and falls within Neighborhood Planning Units G, H, I, J and K. The primary purpose of the TAD is to stimulate commercial redevelopment and create a vibrant retail corridor.
Applications are currently being accepted for TAD financing through September 30, 2010. For more information on the application and approval process, please review the Program Description.
Hollowell/M.L. King TAD Application/RFQ
Program Description
Hollowell/M.L. King TAD Redevelopment Plan
M.L. King/Simpson Road Neighborhood Tour of Homes
DL Hollowell Neighborhood Tour of Homes
Atlanta Emerging Markets Website
For more information about Tax Allocation Districts:
Flor Velarde, 404-614-8334 fvelarde@investatlanta.com
Jay Jameson, 404-588-5470 jjameson@investatlanta.com
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