Revised Plan Forgoes Ten Year TAD Extension
ATLANTA— Mayor Keisha Lance Bottoms will present an amended Gulch proposal to the Atlanta City Council that will eliminate the planned 10-year extension of the Westside Tax Allocation District (TAD).
“After several months of negotiations, recent public statements by Atlanta Public Schools have reflected their unwillingness to reasonably partner with the City of Atlanta on the Gulch. Thus, the Administration has worked with CIM to remove the extension of the Westside TAD as a part of our Agreement,” said Mayor Bottoms.
“The independent firm referred by the Georgia Municipal Association, Springsted, has provided an assessment based upon this scenario. Springsted concluded that the assumptions, analysis and results presented in the various documents they reviewed were reasonable, even where they would have utilized different assumptions. While their assumptions are based upon an even more conservative assumption and analysis than anticipated by the City, their findings confirm that the Administration has negotiated a sound Agreement on behalf of Atlanta. I trust this assessment will address concerns about the thoughtful work and recommendations already provided by our internal and external team of experts,” said Mayor Bottoms.