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To TAD or not to TAD?
Voters to decide whether city gets redevelopment powers
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Statesboro residents will vote in a special city election, coinciding with the Nov. 4 statewide election, on whether to give the city authority to create Tax Allocation Districts, or TADs, under the Georgia Redevelopment Powers Law.A TAD would not increase taxes, as supporters repeatedly point out. What it would do is devote any growth in property tax revenues resulting from new construction or rising values within a previously blighted district, over a period of years, to public improvements — things such as sidewalks, parks, street lighting, scenic trails and water and sewer projects — within that district.“It’s not a tax increase, but the idea is, as the area starts to redevelop, the increase over what it was goes back into a fund to improve that district,” said Bob Mikell.Mikell, the chairman of the Downtown Statesboro Development Authority board, and Allen Muldrew, the DSDA’s executive director, spoke Thursday to the Statesboro Kiwanis Club. Muldrew mostly gave an overview of the authority’s programs, but Mikell spoke in more detail about how redevelopment powers would work.At first, a district in need of redevelopment — such as the South Main Street corridor from the courthouse to the Georgia Southern University entrances — will be defined on a map.
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