Commercial property owners in the Chamblee and Doraville area launched a Community Improvement District (CID) in 2019 in order to improve mobility and help revitalize the commercial area.
A public-private partnership between local commercial property owners and the cities and county, the Chamblee Doraville CID will advance capital projects and community services critical to the health and vitality of the business community. The CID’s initial footprint includes parcels in a 2-square mile portion of the commercial area within both Chamblee and Doraville. Generally, the current boundaries include Peachtree Boulevard on the west, Buford Highway on the east, I-285 on the north and Chamblee Tucker Road on the south.
The greater area is anchored by two MARTA rail stations, Peachtree-DeKalb Airport, highways, and a growing trail system. It has a rich and diverse cultural community as well as a growing multi-family, retail, and commercial presence. The CID will focus investments in projects that improve mobility, access, safety, and quality of life. The goal is to protect and enhance the existing commercial property owners’ investments and manage the area’s future growth needs.
CIDs are a well-established model in metro Atlanta to design and fund improvements to roads, bridges, sidewalks, parks, trails, signage, landscaping and more. Created for and by the local commercial property owners, CIDs undertake planning, design, and other activities that positively improve their communities and commercial markets. They are authorized by state and local legislation as self-taxing organizations with defined districts. The CID assessment is exclusive to commercial properties. It is not a sales tax nor a residential property tax.
CIDs enhance property values and allow commercial owners to determine how funds are spent in the district. CIDs allow the commercial property owners to leverage their resources against public funds in order to pay for improvements that enhance their areas.
They advance projects that improve access, mobility, economic vitality, beautification, and modernization.
They are funded through self-imposed ad valorem real estate taxes on commercial properties. It is not a sales tax nor a residential tax. There is a limit on how much tax can be collected. In DeKalb County the maximum allowable rate is 5 mills which is $5 per $1,000 of Assessed property value. The calculation is based on the Assessed Value of the eligible commercial real property and not the Appraised Value.
By bringing money to the table, CIDs attract other sources to pay for the majority of projects' costs.
Local property owners are elected to the board of directors and oversee how funds are spent. CIDs are separate from cities, county, and state governments but work together with these governments to pay for and advance area improvements.
Whatever amount is collected locally, those funds go towards programs and projects that benefit the district.
© 2018 Peachtree Gateway Partnership