The PiHi Alliance has been awarded a $60,000 commercial district grant from the Atlanta BeltLine to explore the feasibility of a Community Improvement District (CID) for the Monroe/Piedmont/Armour/Cheshire Bridge commercial corridors.
We have contracted with KB Advisory Group for a FEASIBLITY STUDY that begins in September and will complete in January 2025. This is the first of three phases. If the feasibility study shows that enough revenue to warrant the development, then the PiHi Alliance will advance onto the next phase of SETTING UP THE DISTRICT and finally MEMBER RECRUITMENT! The entire process will take about 12 months.
What is a CID? Community Improvement Districts (CIDs) are geographically defined districts where commercial property owners have agreed to provide additional services within the district funded by a self-imposed additional property tax (and, in some cases voluntary contributions from partners).
How much would a CID cost me? That is entirely up to the CID Members. A CID can legally collect up to 25 mils in property tax (Mil means one dollar in taxes for every thousand dollars in assessed property value). Most CID’s collect 3, 4 or 5 mils. Here’s how it works for a property valued at $1 million dollars ( 100% appraised value)
| Common uses of CID funds:
YOUR INPUT & PARTICIPATION IS VITAL TO REVIVING THE CHESHIRE BRIDGE COMMERCIAL CORRIDORS. PiHi Alliance will need to raise an additional $30K to complete the process. |
CID FEASIBLITY STUDY AREA | DONATE TO REVIVE CHESHIRE BRIDGE |