Center City Perimeter TAD
Overview
The Center City Perimeter Tax Allocation District was established in 2005 to join the Center City South Renaissance TAD in allowing the city to rebuild its in-town neighborhoods, making Marietta a more enjoyable place to live, work and play. The 244-acre TAD was created to support the redevelopment of Wynhaven Apartments on Powders Springs Street and the construction of a 40,000 sq ft Class-A office building near Polk Street. The boundaries of the TAD incorporate underutilized residential and commercial property along the North Fairground and Powder Springs Road corridors as well as the residential neighborhood surrounding the former Lyman Homes public housing project.
Like the CCSR TAD, the Perimeter TAD will provide the stimulus for development of new retail and service businesses in an underserved area. Due to the geographic relationship between the districts, the initiatives underway in the CCSR TAD will support redevelopment in the Perimeter TAD. Both TADs will provide project funding and support for implementation of components of the Powder Springs Corridor Master Plan.
Redevelopment Opportunities
Multifamily and commercial tracts are available for purchase in Center City Perimeter TAD and can be viewed on the available properties page. For more information on redevelopment opportunities within the Center City Perimeter TAD contact MRC staff.
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