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Old 11-28-2014, 12:02 AM
 
Location: West Cobb (formerly Vinings)
3,615 posts, read 7,779,916 times
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It looks like the tax abatement discussion with Seven Oaks (building Riverwood 200 high-rise office) and Greenstone properties (Encore Center) that led to the school board lawsuit late last year (2013) which forced Greenstone to downscale their plans for the office building they will soon be building by 5 floors and other down-sizing in Encore in number of townhomes, retail and condos for the mixed-use development at the corner of I-75 and Cumberland Pkwy was dusted off again in a forum between the school-board and the developers. Riverwood 200 will be behind the other big high-rise building (the tallest in Cumberland) at the intersection of Riverwood Pkwy and Cobb Parkway.

The discussion is that the schoolboard thinks that the development authority should only be able to abate the regular portion of the taxes, not the school portion.

Apparently, Voyles (of Seven Oaks/ Riverwood 200 mixed-use development) said that tax abatements are so common in the metro Atlanta area that Cumberland cannot compete without them, and implied that Cumberland's history of not providing many tax abatements in the past has hurt it.

The end result is that the schoolboard saw the investment and one member indicated he will probably approve the tax breaks.

The Marietta Daily Journal - Developers getting tax breaks woo Cobb Board of Education
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Old 11-28-2014, 09:29 AM
 
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It wouldn't hurt Cumberland to dial it back a little. If they keep it up at the current pace the ER factor will just continue to decrease.
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