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| 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.
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| 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.”
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| 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.
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| 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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