Center City South Renaissance TAD
The Center City South Renaissance tax allocation district was established in 2003 to support redevelopment of two public housing sites near downtown Marietta into sustainable mixed-use communities. The CCSR TAD was expanded in 2004 to make possible the redevelopment of Frasier Street apartments and to support efforts to revitalize residential areas adjacent to downtown Marietta. The TAD seeks to capitalize on the opportunity to redevelop areas within walking distance of Marietta Square and the Hilton Atlanta/Marietta Hotel & Conference Center and further develop connections between downtown and adjoining neighborhoods by improving community linkages through streetscapes and trails.
Purpose and objective
The CCSR TAD is essential in ensuring that the city of Marietta maintains its historical position as the central location in Cobb County to enjoy arts, entertainment, history, dining and shopping by creating the residential base to support and expand a vibrant downtown activity center. Within the TAD new housing units, ranging from single-family to condominium flats, are under construction and will attract the critical mass of permanent residents needed to support new and existing businesses. New retail shops and restaurants will complement existing businesses and offer new and expanded services to in-town residents.
Redevelopment opportunities and resources
While six major redevelopment projects are either completed or under construction and developers are pursuing smaller investments around project sites, there are still more than 200 acres of land in the TAD with redevelopment potential. Additional redevelopment projects within the 244-acre district may include commercial and mixed-use development of substandard residential and underutilized commercial property.
For more information on redevelopment opportunities within the CCSR TAD contact MRC staff.