New TAD Approved For Downtown Augusta - WJBF-TV ABC 6 Augusta-Aiken

New TAD Approved For Downtown Augusta

Posted: Updated:
Augusta Seal graphic Augusta Seal graphic

Augusta Commissioners voted Tuesday to make some changes to its Tax Allocation Districts.

City leaders approving a scaled back TAD for downtown.

The district carved out of a much larger area is made up of less than 300 parcels and includes the new hotel that is now under construction on Broad Street, and the 15th Street corridor.

The Commisison also voted to do away with another TAD that included more than 9,000 parcels spread out over a large section of the Garden City.

TADs allow developers to take money from increasing property values and put it into infrastructure like sidewalks, street work, and drainage to provide incentives to developers to build in the area.

Powered by WorldNow

1336 Augusta West Parkway
Augusta, GA 30909

Telephone: 706.722.6664

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.