06.09.26
Thompson Hine's Sherman Golden was quoted in The Bond Buyer on Atlanta's tax allocation district debate. As the city weighs extending TADs to fund neighborhood revitalization, Sherman shared his outlook:
"I think they will extend some of the TADs and/or redraw them so that the benefits are more broadly distributed throughout the city."
He also noted the need for additional funding tools: "The city needs a locally controlled and generated source of subsidy in addition to the TADs. They should look seriously at an upzoning charge, a formulaic fee imposed upon all rezonings that increase density, except affordable housing developments."
