Why Vote No?
The Redevelopment Powers Law (RPL) would put Brookhaven's financial and physical security at risk. We don't need to spend more just to have less control over our city's future.
- THE RPL MEANS MORE DEBT Taxpayers harnessed to paying costs of developers' projects
- THE RPL MEANS HIGHER TAXES More debt means more taxes — just to cover the interest
- THE RPL MEANS LESS LOCAL CONTROL [OR THE END OF LOCAL CONTROL?] More power for bureaucrats and politicians, with even less community input
- THE RPL MEANS YOUR PROPERTY RIGHTS ARE IN JEOPARDY Any property in Brookhaven can be seized and repurposed by the government
- THE RPL: NOT MEANT FOR BROOKHAVEN We're a start-up city, not an economically and socially depressed area
For more information on the dangers of the RPL's TAD (tax allocation district) funding mechanism, visit www.notad.org.
Supporting Resources
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Tax Allocation Districts in Fulton County
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The Supreme Court Ruling on TADs
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Beltline TAD Saved by Constitutional Amendment, Georgia Supreme Court Rules
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Brookhaven MARTA station may soon see new development. Library, hotel part of plan.
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Brookhaven Oglethorpe MARTA Charrette Final Report
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Brookhaven Oglethorpe University Station Attachments
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“Invest Atlanta owes Atlanta Public Schools over $17M in missed payments from the Beltline project that fails to deliver added tax revenue.”
http://www.ajc.com/news/news/beltline-dispute-worsens-as-attorneys-swap-threats/ng59Q/
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“During the Development Authority of Cobb County’s Tuesday meeting, the Cobb Chamber of Commerce, which staffs the meetings, was criticized for its lack of transparency in conducting Authority business.”
http://mdjonline.com/view/full_story/19043984/article-Development-Authority-slams-Chamber-over-transparency-issue?instance=breaking_news
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“42% of subsidized companies fail to deliver the full number of jobs promised, but fewer than 4 percent of awarded grants were not distributed or were clawed back as a result of that underperformance.”
http://clawback.org/2013/05/10/scrutinizing-georgias-deal-closing-funds/
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“Davis said the documents were received through a request made by Cherokee County as part of a lawsuit it filed against Jimmy Bobo, David Bobo, their associated companies, and Sheffer and Grant Architects, after Jimmy Bobo filed bankruptcy in 2012 and the county was left holding the bill for $100,000 a month in lease payments on the property.”
http://cherokeetribune.com/bookmark/23153676-County-receives-records-from-failed-partnership-County
When bond interest payments are missed by the Development Authority payments are made from the General Fund. Guess what services get cut first? Parks and Police.