The Marietta Daily Journal – Developer scores tax breaks for project near Braves stadium site

5
Dec

The Marietta Daily Journal – Developer scores tax breaks for project near Braves stadium site

Tad Leithead sees no conflict

Though real estate magnate Williams and Greenstone Properties are behind the development, their names don’t appear on the first pages of the two 100-page applications for the tax break.

Tad Leithead is the applicant.

Leithead is also the chairman of the Cumberland Community Improvement District, which includes the site of the development, a body chartered by the state made up of commercial property owners who agree to tax themselves at a higher rate to pay for improvements to their community.

Leithead is also chairman of the Atlanta Regional Commission.

Leithead said he’s acting as a consultant for Williams’s apartment company on zoning and incentives.

He does not see his multiple roles as presenting any potential conflicts of interest.

“Every member of the CID board is a developer in the CID,” Leithead said. “The CID board is made up of commercial property owners to tax themselves to enhance the values of their properties in the CID.”

If doing business in the district is a conflict of interest, Leithead maintains, all members of the board would be forced to resign.

via The Marietta Daily Journal – Developer scores tax breaks for project near Braves stadium site.

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