Transwestern wants to build an office building on a parcel of Perimeter Mall's parking lot that was purchased earlier this year. They went to great effort and expense, per an article in the Atlanta Business Chronicle, to purchase this property. They went to great efforts to design a building that will connect via skybridge to both Perimeter Mall and the Dunwoody MARTA parking lot. There were a few minor requests for SLUPs to allow encroachments and parking allowances to make the plan work. But at the same time, Transwestern had 1) no tenants lined up and 2) a plan for a tax abatement so that the city would "encourage" their completion of the project.
Here's DWG's take on the presentation from June:
Tonight, Transwestern is going in front of the Development Authority with a different plan. According to the documents associated with tonight's meeting,
I would like to clear a misunderstanding concerning the Development Authority. The City does not borrow money nor does it provide any City Credit towards these “Bond” transactions. These are private placement bonds that are financed totally by the developer. The Development Authority provides a lease back to the developer in order to provide tax incentives for projects. I would be happy to sit down with you to explain how this process works.So we're back to the original proposal - a tax break for a company building a speculative office-space project in Dunwoody. My smell test has not improved. There are still questions that have yet to be answered.
Here's what the Dunwoody citizen needs to consider:
3) If the answer to #2 is "yes", what minimum basic requirements should there be for a developer to avail themselves of this process? Guaranteed tenants perhaps? Or a national brand or headquarters?
4) What are the long-term consequences, both pro and con, to Dunwoody's government getting into the
And finally - the elephant in the room: is this resolution the reason why Denny Shortal does not want members of the DHA discussing new development?
Please note: there will be no public comment before the vote! Public comment will only be accepted at the end of the meeting. If you have an opinion on this matter, communicate it to the Development Authority and our government representatives NOW!
Dunwoody Development Authority: http://dunwoodyga.gov/index.php?section=government_boards_commissions_and_committees_development_authority
Mayor and City Council: http://dunwoodyga.gov/index.php?section=government_mayor_and_city_council