Business owners in the Phoenix Boulevard area have decided they are potentially willing to pay a higher tax to see economic improvement there.
Steve Bearman, whose company owned property in the area, said his and other businesses came together to put out a request for proposal for a consultant who could help them turn the region into a Community Improvement District. They have hired consultant Nicole McGhee Hall.
Hall said a CID is an area in which business property owners agree to pay an extra tax in order to see improvements in the area. In this case, the initial proposed boundaries of the area in question includes area around I-285, Sullivan Road, the Phoenix Boulevard area, Riverdale Road, West Fayetteville Road, and also in the top Camp Creek area near the Georgia International Convention Center.
The boundary continues down Riverdale Road and and West Fayetteville Road and then goes east to South Ridge Industrial Park.
Hall said she believes the CID could bring in about $400,000 to make improvements in that area. To get there, she needs to ensure enough property owners are on board to represent 75 percent of the total tax value. She has to send documented proof those businesses are on-board to the tax commissioner before the CID can move forward.