Hi All: I'm working on an academic development proposal for a site in DeKalb County, Georgia. The location is eligible for taxable/tax exempt bond financing, Enterprise Zone designation and Tax Allocation District designation.
The proposal is a destination retail center approximately 6 miles from central Atlanta. The site has an Atlanta mailing address, a Decatur zipcode and is subject to DeKalb County jurisdiction. Located just outside the municipal boundaries of Atlanta, this submarket doesn't attract as much investment. The project will seek to tap into incentives and I want to structure it in a reasonable manner.
Can anyone suggest resources to sort through subsidy layering of these 3 incentive programs?
Bond Financing (taxable or tax-exempt)
TIF/Tax Allocation District
I am pretty concerned about the main benefit of the EZ clashing with the tax increment revenue stream of the TIF/TAD. How can that be structured? What else to be wary of?
Thanks for any reports back!