The DeKalb County Commission unanimously approved an agreement Tuesday to invest in the redevelopment of the shuttered General Motors factory in Doraville.
The commission’s action obligates a portion of future property tax growth to help pay for infastructure improvements, including a tunnel to the Doraville MARTA station and a street grid on the property.
Developers hope to transform the vacant 165-acre site, known as Assembly, into a vibrant mixed-use area that includes businesses, residential housing and parks.
The county’s approval was a critical step toward allocating $247 million for site preparations.
Once the district is upgraded, developer Integral Group hopes businesses will decide to locate in the area, located at the crossroads of I-285, I-85 and MARTA.
Now that the county government and the city of Doraville have approved tax allocation district agreements, the city and developers will try to get the DeKalb school district to sign on.
Supporters of the project have said DeKalb schools’ participation in the project is critical because future school district tax growth would contribute more than half of the cost of the planned infrastructure costs.
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