The Atlanta Business Chronicle recently posted an article written by Kelly Smith, Senior Manager in Bennett Thrasher’s real estate practice. She goes into detail about the positive tax implications of being located in a CID, tax increment financing and other tax incentives.
Kelly begins with admiring the cranes that tower over the construction of Bennett Thrasher’s new office space in Riverwood II, as well as the constructing of the Braves Stadium. The Cumberland CID was the first community improvement district (CID) established in Georgia. A benefit of a CID is the help to commercial property owners and residential owners, ensuring property tax dollars are spent within their district.