Do you support the creation of a Tax Allocation District in the area of the mall and tennis center? What type of proposal would you grant a tax break to?
I am open to discussing this potential TAD. We should use every tool in our economic development toolbox in thoughtful ways. Deferring taxes on new developments which ultimately grow our tax base and increase job opportunities may be a smart incentive to encourage growth in this area.
As of today, I’m giving this TAD strong consideration. The community will not benefit from an empty mall. Additionally, this TAD may boost interest for a new hotel(s) near the Rome Tennis Center at Berry College. TAD is a great financial tool but it should be used carefully and sparingly.
The TAD was approved for the mall last week and I agree with the proposal to create new business and restaurants and a potential power center for the area similar to Riverbend. Deferring revenue in the short term in order to induce and stimulate development seems to be a wise idea.
Competition is fierce in our surrounding areas to acquire and keep business and industry. A TAD gives us an additional incentive to keep and recruit our economic drivers. I do support the TAD for the mall and tennis center. That area is primed to expand in many different ways.
TADs are another tool in the competitive world of economic development. The number of parcels has been revised from the original 14 on the first draft to 9 on the revised draft. The mall would still submit an application to the Commission and a Citizens Group for review.
I am not convinced of the benefit to Rome in this proposal. I would rather see us channeling tennis center visitors to our historic downtown shops. I would like to see us using tax incentives in areas such as North Rome, where revitalization could impact many lives in many different ways.