Sunday, September 18, 2011

Jump Starting New Development


Charles S. Johnson has counseled a variety of clients in connection with the creation and maintenance of tax allocation districts.



With Mr. Johnson’s assistance, the City of East Point in 2001 created the Camp Creek Tax Allocation District (described in this video) in an area that had long remained undeveloped, largely because of its difficult topography and its lack of infrastructure. In 2002, East Point issued $22 million in tax allocation bonds to finance the construction of infrastructure in the area. Lured by the prospect of this infrastructure financing, one developer constructed a major business park, and another developer has opened the first major retail center to open in South Fulton County in the previous 50 years.

In 2006, Mr. Johnson assisted East Point in the creation of the East Point Corridors Tax Allocation District, designed to attract development to the City's traditional commercial corridors.  In 2012, Mr. Johnson negotiated a development agreement which brought the first major retail development to the City's long-neglected East Side.

Also in 2012, Mr. Johnson assisted the City of Kingsland in creating an incentive package designed to support a major destination resort.









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