He's referring to a few of the big fish that Georgia economic development recruiters recently netted, including the State Farm complex being built atop the rail line in Dunwoody and the Mercedes Benz U.S. headquarters taking shape a short hop from the Sandy Springs MARTA station.
“If we expect to continue to attract global firms such as Mercedes Benz, we have to be willing to leave the past in the past and think more about the future,” he added.
The sweeping transportation bill passed by state lawmakers this year allows counties to collect up to a penny per dollar for transportation projects if voters OK it in a referendum. MARTA wants a tweak that allows the money to go to the transit agency.
Our AJC colleague Andria Simmons explains more of the details:
Also, MARTA wants the time frame for the additional sales tax to be extended from its current cap of five years to 42 years, so that it matches the life of the existing sales tax collections in Clayton, Fulton and DeKalb and so that MARTA can borrow against the proceeds.
By issuing bonds, MARTA could use the estimated $200 million in new sales tax revenue to bankroll about $4 billion of construction, Ashe said. If MARTA obtained federal matching funds, it could be looking at an $8 billion windfall. Enough, MARTA officials think, to nearly double the existing size of the system and transform the region.
The money could pay for a heavy rail expansion along Ga. 400 to Alpharetta, a heavy rail expansion along I-20 East in South DeKalb and a light rail or trolley system to connect MARTA to the vastly underserved Emory/CDC corridor. It might even be enough to help the city of Atlanta realize its goal of expanding Streetcar service to the Beltline, Ashe has said.
Ralston didn’t take questions afterward his speech, so it’s not known how far he’s prepared to go. But state Rep. Terry England, who chairs the House’s budget-writing committee, sounded like he’s willing to let metro Atlanta lawmakers drive the train on the debate.
“I’m going to look to the folks that live in the counties that want the service,” said England, who represents a northeast Georgia district. “I’m going to defer to the folks that actually live in the area that is served by it, and we’ll see where it goes.”