Tuesday, June 18, 2013

Invest Atlanta Applauds Georgia Supreme Court’s Ruling Regarding Perry Bolton TAD

  
Georgia Supreme Court building, Atlanta, GA


ATLANTA, GA (June 18, 2013) — The Georgia Supreme Court has dismissed an appeal to a City of Atlanta bond issuance designed to spur redevelopment in the Perry-Bolton/Northwest Atlanta Tax Allocation District (TAD). The decision was unanimous.

Brian P. McGowan
 In Sherman et. al v. City of Atlanta et.al, the state's highest court ruled that appellants John S. Sherman and Christopher D. Eichler failed to prove they had standing to object to City of Atlanta’s May 8, 2012, bond validation hearing. Specifically, neither Sherman nor Eichler offered competent evidence that either was a Georgia citizen or resident of Atlanta, the court ruled.

 “We note that this is not the first time Sherman, advised by [attorney John] Woodham, chose to deny that there was a defect on his effort to intervene in a bond validation proceeding, rather than take the simple steps necessary to correct the defect,” the state Supreme Court said in its decision. “In the end, civil litigants must bear the consequences of their litigation decisions.”

John S. Sherman

This is the second time in the past month the Georgia Supreme Court has struck down challenges to tax allocation districts and bond validations involving TADs.

 “Once again, the state’s highest court has ruled in favor of the City of Atlanta and the TADs that spur redevelopment in areas that otherwise might not attract new activity that creates jobs,” said Brian P. McGowan, President and CEO of Invest Atlanta.

 The Perry-Bolton/Northwest Atlanta Tax Allocation District was established in 2002 to make possible the redevelopment of more than 500 acres in Northwest Atlanta. The TAD provides stimulus to new retail and service businesses and funding for infrastructure improvements and affordable housing in the under-developed area.

Fourth Ward Park, Atlanta, GA
“Given its location and success attracting new residents, the Perry-Bolton area of Atlanta is poised for redevelopment, and TAD funding will prove critical to its success,” McGowan said. “We applaud the Georgia Supreme Court’s action in this case..”

 For a complete copy of the company’s news release, please contact:

Tony Wilbert
The Wilbert Group
404-254-1487



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