Frequently Asked Questions
Q: How long will it take to complete the LCI?
A: The LCI planning process began in October 2015 and is expected to end in July 2016.
Q: How will this plan impact future development plans for the stadium and its parking lots, including proposals currently under consideration by the Atlanta Fulton County Recreational Authority?
A: This plan will make recommendations on vision, policies and projects for land use, zoning, urban design, transportation, housing, community facilities, economic development, and the environment for the full 1,340 acre study area. The stadium and the surrounding parking lots are at the core of the study area. This plan will propose development criteria and conceptual development plans for these areas. In addition, the plan will provide guidance to the authorities ultimately responsible for regulating and implementing future development projects, including the Atlanta Fulton County Recreation Authority (AFCRA), the City of Atlanta and Invest Atlanta.
Q: Will the selected developer’s plan utilize the LCI study’s recommendations?
A: Yes, the AFCRA RFP directed the respondents to demonstrate a commitment to incorporating redevelopment recommendations from impacted neighborhoods and community groups as set forth in the LCI study results; and that recommendations that emerge from the LCI study will, where feasible, be incorporated in the negotiations of a final project Proposal; and also directs the selected bidder to begin immediate participation in the LCI study process.
Q. How will the LCI recommendations affect development in the study area?
A: An implementation plan and strategy will be developed as part of the process. These recommendations will serve as tools to create or modify existing land development regulations and guidelines for potential developers. Recommended projects could become capital projects.
Q: How will previous planning studies and ongoing initiatives and surveys by the communities be incorporated into the LCI plan?
A: The planning team is required to evaluate recommendations from previous planning studies and incorporate their recommendations where feasible and as viable in consultation with the communities and stakeholders. Ongoing initiatives can be utilized to share current and trending information for the planning process through workshops and public meetings.
Q: Will updates to each of the neighborhood Redevelopment Plan be included in the LCI?
A: New or updates to Neighborhood Redevelopment Plans are not a part of this scope of work. However it is anticipated that outcomes from this LCI study will provide updated information that could be potentially used as a part of any update efforts.
Q: What is a TAD?
A: A Tax Allocation District (TAD) is established for the purpose of publicly financing certain redevelopment activities in underdeveloped areas. Redevelopment costs are financed through the pledge of future incremental increase in property taxes generated by the resulting new development. Typically, upon creation, TADs have vacant commercial and residential properties, blighted conditions and numerous vacant buildings or are in need of significant environmental remediation.
Q: What is the Stadium Neighborhoods TAD?
A: It is one of the Commercial Tax Allocation Districts and an alternative to bonds which required larger projects. It has emphasis on commercial revitalization and uses pay-as-you-go financing. Developers are reimbursed for costs already incurred as new tax increment is generated. Bonds can be issued if the project is large enough (multiple $10M+ project in a typical bond issuance of $50M or more).
Q: How does a TAD differ from an Enterprise Zone?
A: Property taxes are abated in Enterprise Zones for a period of five years, then are gradually increased over the following five years. In a TAD, property owners pay normal property taxes, but the incremental increase in property taxes is deposited into a special fund for payment of redevelopment costs.