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Community Improvement Districts (CIDs) utilize self-imposed taxes from local commercial businesses to improve and enhance local communities. Gwinnett Place CID Executive Director Joe Allen joins this week’s All About Real Estate segment of Atlanta Real Estate Forum Radio to discuss local redevelopment and streetscape projects with co-hosts Carol Morgan and Todd Schnick.
Gwinnett Place CID is a self-taxing district where the commercial property owners voluntarily self-tax themselves. They elect a Board of Directors and those additional property taxes are allocated to accelerate infrastructure improvements, security enhancements and economic development incentives.
The Gwinnett Place CID is really the one working with partners, the county, the state and the Chamber of Commerce to expedite mobility, quality of life and redevelopment strategies in Gwinnett’s central business district at Gwinnett Place.
For example, one project the Gwinnett Place CID is involved in redeveloping is Gwinnett Place Mall. Unfortunately, of five anchor department stores, only three remain open with the other two being vacant. Beyond “Stranger Things” filming its third season there to create its Starcourt Mall, Joe describes Gwinnett Place Mall as a “shell of its former glory.”
With the expectation that retail shopping will never return to what it was in the 80s and 90s, Joe explains that Gwinnett Place CID’s intention is to transform the old into something that is necessary and needed in the 21st Century.
“We’ve got to develop a plan [and] we’ve got to stop hoping because hope is not a strategy,” Allen said. “And that’s where I challenge community leaders and others. Work with the CID [and] let’s develop a plan and let’s make it happen.”
To learn more about Gwinnett Place CID and its latest projects, listen to the full interview above or visit www.GwinnettPlaceCID.com.
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