Community Improvement District
Community Improvement Districts (CID) allow commercial property owners the unique ability to have a significant impact on the longterm viability of their investment through active participation in the strategic planning and economic development beyond the footprint of the property.
A properly designed and wisely formed CID will bring influence segments together, including the business and residential communities. CIDs have had massive economic value in Georgia. More and more business experts are incorporating this tool for strategic economic stability.
A Sense of Place
As the world becomes more global, a local "sense of place" and community become more important. Georgia is creating more cities in an effort to increase this feeling of security and stability. CIDs are also increasing as a way to develop this sense of place. A Community Improvement District contains the ability to design and create a local identity that benefits both the residential community, as well as the business community and commercial property owners.
Community Improvement District (CID)
A Community Improvement District (CID) is a powerful public-private tool that can revitalize business districts and re-energize the entire community. A CID is a geographically defined district in which the commercial property owners vote to impose additional ad valorem real estate taxes.
For long-term economic security, the questio is no longer whether a CID is the answer, only when it will be formed and who will determine the design and scope.
Other CIDs in Georgia...