April 26, 2017
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43 Comments on "Chamblee Development Authority approves $3 million in tax incentives for MARTA TOD"

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Better you than us.
Guest
Better you than us.

How much in tax abatements has Chamblee given away in the past 14 months? Enjoy your property tax bill when you have to cover all that additional infrastructure.

Hey, Can I borrow a dollar for lunch?
Guest
Hey, Can I borrow a dollar for lunch?

$103m. Chamblee will be N DeKalb’s Underground Atlanta in 20 years. I thought tax incentives were to be used as a last resort for blighted properties.

Oh well. Governments should probably invest in speculative real estate. It always goes up. Wait. What?

Toff
Guest
Toff

Severely doubt it. Chamblee will be the Buckhead of the North in about a year or two.

Eddie E.
Guest
Eddie E.

There must be some ‘service’ they can add a pointless fee to.

fyi
Guest
fyi
“The Board explained the abatement will not be a 100% abatement and will be valued on the anticipated improvements of the completed project. Board members seemed to be warming up to a 75% abatement at inception, then declining from there over the term. Because the abatement is not 100%, the Board says that even though the developer would pay less in taxes, the City, DeKalb County School System and the DeKalb County Government would be getting more revenue than they do today. Presently the site generates nothing. It is also expected to bring 320 jobs to the City upon the… Read more »
Toff
Guest
Toff
This takes a derelict, unused space and turns it into much needed Class A space. If you know the RE market, lots of companies want to be in this area but don’t want to be in the mess at Perimeter Mall. As for taxes, let me ask why shouldn’t taxes go up if my home value is going up and the facilities/environment where I live is improving? I am happy to pay more to get more. What is the alternative, run down the area, increase crime, get lower property values all so we can have lower taxes? I hate taxes… Read more »
Jordan Fox
Guest
Jordan Fox

I think many are for the development just against the big tax abatement without any clear methodology for abating taxes from the DDA.

Toff
Guest
Toff

Fair point, they don’t have a methodology. Prior deals have been backroom over a bourbon. Lot of people feel Chamblee got burned by the deal done at Chamblee Plaza. $3M on this deal sounds about right though.

Polly want a cracker
Guest
Polly want a cracker

Hey, there’s Jordon once again just repeating talking points from others. You really should get out more.

Saul
Guest
Saul

Polly, If you were in Brookhaven we’d make you undergo sensitivity training.

Jordan Fox
Guest
Jordan Fox

Polly, I am personally for this TOD and so are most others I have spoken with. As I said it is just the abatement that is the issue. Perhaps my comment sounds like that of others because we are in agreement 🙂

YCMU
Guest
YCMU

Oh Jordan, that is why chamblee politicians like you so much. You blindly follow their lead to help promote them for elections. Stick to whining about airplanes. It suits you better.

Blinded Authority
Guest
Blinded Authority
The Chamblee DDA owns the Development. Tax base does not grow because of new development. Only new taxes generated are in 20 years. DeKalb County, nor School District, will get anything promised in the abatement. The developer, MARTA, rents the property from the DDA. Google Non Recourse Loan. All these Phantom bonds being issued are the government version of a non-recourse loan. If multi family RE market takes a big hit anytime within the maturity of the bond, the developer simply hands the keys to the DDA. Over the course of the crisis the citizens of Chamblee will backstop all… Read more »
Eddie E.
Guest
Eddie E.

If it were ‘much needed’ or ‘valuable’ wouldn’t the magical ‘free market’ make it happen?

Flubber
Guest
Flubber

Enjoy your huge parking lot. We are transforming ours into revenue-producing properties.

Eddie E.
Guest
Eddie E.

Enjoy the choking traffic and permanent gridlock.
I’m glad my customers have a way around the mess.

flubber
Guest
flubber

I don’t live near the station or this parcel of land. I don’t have to drive by it that much. I am glad, however, to see abandoned/blighted land get converted to something that grows the economy.

City-Weary
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City-Weary

The issue I have with it is handing out so many tax abatements in an area that really needs no incentive to be developed. Did the lady who opened Get Coffee get a tax abatement? She took a pretty big gamble at that time. What about Chef Liza who owned Liza’s Cafe? What about all the little antique businesses…did they get tax abatements? These entrepreneurs got the ball rolling to make Chamblee an attractive destination and here we are giving tax abatements to companies with deep pockets.

Eddie E.
Guest
Eddie E.

Odd, I don’t remember receiving any abatements either!

Toff
Guest
Toff

Loved Get Coffee. Great idea, well executed, just too early in the cycle.

Eddie E.
Guest
Eddie E.

“too early in the cycle”

Like needs and drives have to get permission from ‘the market’.

Jon
Guest
Jon

Congratulations, you are! Just not for you personally, or the rest of Chamblee’s citizens.

Easy Rider
Guest
Easy Rider

This seems like a possible win-win for the Chamblee and MARTA. This is an appropriate location for a TOD that may actually increase the value of the surrounding area. TOD didn’t work for Brookhaven due to reasons I won’t repeat, but I’m thankful MARTA has a alternate location to direct their energy.

Difference is ....
Guest
Difference is ....

Developer for MARTA was asking $28 million + in Brookhaven of which a large chunk was for a parking garage. MARTA was looking for grants and other public funds for infrastructure which would then give the developer a reduction in their land lease cost. See the cycle? Cost always falls on the backs of the taxpayers no matter where you live.

Easy Rider
Guest
Easy Rider

I think we agree. The fact that MARTA wanted Brookhaven to provide tax abatements for a development that would create multiple infrastructure problems, and add dubious value was a joke.

Paul
Guest
Paul

Not MARTA. Their developer Integral and Transwestern. And it wasn’t $28 million. It was $40 to $50 million.

Easy Rider
Guest
Easy Rider

The developers represented MARTA’s interest so it is not a material difference. We all agree that the abatement request was a joke. Right?

Blinded Authority
Guest
Blinded Authority
Easy, it is the difference that makes ALL the difference. Whole Foods doesn’t own Peachtree Crossing. The Olmstead doesn’t own The Olmstead. Chamblee DDA does. The Hawks don’t own The Hawks Players Facility. The City of Brookhaven DDA does. State Farm doesn’t own the new Perimeter development. The Dunwoody DA does. A private placement gives each Development Authority a legally enforceable ownership stake in each project. The developer uses a very common strategy to limit their liability in the project called an LLC, or limited liability company. The Hawks Players Facility, Peachtree Crossing, State Farm Development,etc are shells of a… Read more »
NTH
Guest
NTH

Texas gets it. Too bad BA keeps crying wolf as our county struggles to move forward……

The deal was $115 million in city and school district tax revenue and the chance to anchor a 91-acre mixed-use development that would include a 16-story Omni Hotel, a Baylor Scott & White Health sports medicine center and 2.7 million square feet of commercial and office space.

Officials estimate the value of the project — named The Star in Frisco — at $1 billion.

Read more here: http://www.star-telegram.com/news/local/community/arlington/article62895672.html#storylink=cpy

Blinded Authority
Guest
Blinded Authority

If you are a Progressive and wonder if Sports complexes are worth the tax abatements read this:

https://www.google.com/amp/s/www.brookings.edu/articles/sports-jobs-taxes-are-new-stadiums-worth-the-cost/amp/?client=safari

Or this:

http://m.dailykos.com/story/2015/2/20/1365048/-Sports-Stadiums-Have-No-Impact-on-Municipal-Economies-So-Why-is-it-We-Still-Subsidize-the-NFL

If you are a Comservative, read this:

https://www.cato.org/publications/commentary/governmentfunded-stadiums-not-worth-price-admission

Then send the mayor of Arlington and Atlanta an email asking them how much the Cowboys, Braves and Falcons are costing them. The Braves left Atlanta owing $117m. Wonder how the Hawks will leave Brookhaven? Holding the bag, just like CHOA is.

NTH, Now do YOU get it?

YCMU
Guest
YCMU

One article from 1997 and another from 2004. Hahahahahahah……….., oh, oh, wait for it………….Hahahahahahahahahahahahahahahaha

Blinded Authority
Guest
Blinded Authority

I concede, NTH/YMCU. Your articulation of financial concepts was too much. The hahaha technical thrust put me over the edge.

For everyone else with an opinion above a third grade level, Google Economic Development Sports Stadiums. There are at least 20 more articles claiming neither sports stadiums nor multi family apartment complexe tax abatements provide absolutely no net benefit to the tax payer. It would seem the economic development debate, like climate change, is over?

Eric Robert
Guest
Eric Robert

Class A office space will be good for Chamblee. Brookhaven would do well to try to get some Class A office space for the Brookhaven MARTA station.

Eddie E.
Guest
Eddie E.

If there was a demand, wouldn’t the ‘market’ bear it?

ChambleeRE
Guest
ChambleeRE

A large portion of the abatement is to offset the cost associated with the septic system that the property would need (sunk cost w/ zero added value), due to the aging Dekalb County Infrastructure.

Also – they will be charging NNN rents and billing back, among other things, Real Estate Taxes, which allow them to use the abatement as a pseudo economic development tool to lure more office tenants to Chamblee vs traditional office markets like Buckhead and CP.

Toff
Guest
Toff

ah the old offset argument .. remember the day when developers actually had to ‘develop’ and do nasty ole things like fix septic and sewer. Nice try, they will use any argument but who can blame them , it works!

ChambleeRE
Guest
ChambleeRE

If you have questions or concerns, show up to a meeting. I doubt you were one of the three people that attended or asked questions of the developers, DDA members or council members that were all in attendance.

Why be a part of the process if you can just log into this forum and make the same stale arguments against change and progress?

Heather
Guest
Heather

The timing of the meetings makes it very difficult for many to attend.

Why is physical attendance given more weight over writing letters and emails as well as telephone calls?

This is a rather unfortunate bias that would likely sadden our founding fathers.

ChambleeRE
Guest
ChambleeRE

Come on Heather, the meeting was at 8pm. I think if the issues were that important to folks, they could find the time, once a month, to show up to a meeting.

What did the developers and DDA say when you called and emailed? Did they have good responses to your concerns?

Jack Smith
Guest
Jack Smith
Just to be fair, this was a last minute scheduled DDA meeting after MARTA pulled out of the MARTA Brookhaven station project. Being a resident at the DDA meeting has about a zero influence on the DDA voting because the DDA is an authority whose members are appointed and not elected. Developers listening to residents? Really? Tax abatements are out of control and this is not just a Chamblee problem. What’s unique to Chamblee is tax abatements for high impact apartments whereby the vast majority of the abated taxes come from Dekalb County Schools and not the municipality granting the… Read more »
Eddie E.
Guest
Eddie E.

Having been in business in Chamblee since 1985, I have come to realize (especially since we have ‘enough real estate people on the council’) what a monumental wast of time it is to show up with legitimate concerns.
I don’t know what was worse, the ‘Malone quick payoff era’ or the ‘big box developer expert’ era.

Toff
Guest
Toff

I dont have a question or a concern and as stated I am for the development. I am merely pointing out that developers have successfully got site remediation costs offset in many of these types of development. Some are warranted and some or not.
Peace.

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