68% of Atlanta census tracts with low or no fresh food access are in or near a TAD. Here is what that means, and what the NRI is doing about it.
In too many Atlanta neighborhoods, the nearest grocery store is miles away. That is not an accident; it's the result of decades of disinvestment that made these areas less attractive to retailers and developers. The Neighborhood Reinvestment Initiative is designed to change that, and Tax Allocation Districts are one of the key tools for doing it.
TADs can fund the capital costs that make a grocery store or food center viable in a neighborhood where the market alone would not go. That includes land acquisition, infrastructure improvements, and direct project financing - the upfront costs that are often the difference between a project happening and not happening.
Real projects are already happening. The Atlanta Community Food Bank's Food Center at 3500 MLK Drive was funded in part by TAD dollars. Goodr stores, providing free grocery resources to families each month, have been launched in the Hollowell and Campbellton corridors with City support. New municipally supported grocery stores are planned for the Perry-Bolton, Hollowell/MLK, and Metropolitan TAD areas.
If the TADs are not extended, these planned projects either stall or require alternative funding, which means either they don't happen, or the cost shifts to the broader tax base.
Click a platform to expand, then copy any post. Use it as-is or make it your own.