Real Estate
Camp Creek CID Initiative Nets $100 Million in Property Sign-ups
Property owners want to pool efforts for traffic, beautification and safety improvements.
The planned West Community Improvement District, which aims to create more than two-dozen traffic, beautification and saftey improvements along the Camp Creek Parkway corridor inched closer to formation Monday at a sign-up rally at the Marriott Atlanta Airport Gateway Hotel.
Property owners representing $100 million in land in the Camp Creek area in College Park, East Point and South Fulton County signed up for the initiative, which is pushing to launch in June.
CIDs are funded via a self-imposed tax that member businesses agree to pay. Those funds are deployed to increase the vitality of the CID zone and other goals.
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In order to be established, at least 75 percent of the value land in the zone and 50 percent of the owners must sign on.
The West CID has about $800 million to $1 billion in land value.
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With Monday's rally, which included the Parking Spot and McDonald's as the newest sign-ups, property owners in the Camp Creek corridor who have agreed to participate, represent some $400 million of that amount.
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