The Marietta Daily Journal – Little oversight on process for tax incentives

30
Sep

The Marietta Daily Journal – Little oversight on process for tax incentives

CUMBERLAND — Cobb’s elected leaders have little oversight of the amount of tax incentives developers receive, and critics say the program lacks transparency.

One of metro Atlanta’s most influential developers, John Williams, has applied for abatement of property taxes — a waiver of taxes — and suspensions of permit and license fees on a $100 million development approved for the Cumberland area.

But the decision about incentives will be left in the hands of an appointed board, the county manager and the county chairman without going to a vote by the Board of Commissioners.

The Board of Commissioners approved earlier this month the mega development containing 236 condos, 14 three-story townhomes and a 10-story office building containing 200,000 square feet of space. The 7-acre site is at the intersection of Cobb Galleria Parkway and Cumberland Boulevard.

“Our goal is for this to be the most outstanding office building and mixed-use development in metro Atlanta,” Williams said in an emailed statement.

He did not respond to an email reply seeking comment on the application for tax incentives and could not be reached by phone by press time.

via The Marietta Daily Journal – Little oversight on process for tax incentives.

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