Canton Road remake: Added ‘sweetener’ worth a try
July 19, 2012 12:06 AM | 1874 views | 3 3 comments | 11 11 recommendations | email to a friend | print
Commissioner JoAnn Birrell (MDJ/File)
Commissioner JoAnn Birrell (MDJ/File)
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Canton Road is one of Cobb’s busier traffic arteries. And it’s also one of its more run-down ones, as anyone who has driven it can attest. Yes, there is a smattering of thriving and new businesses, but also a surplus of half-empty, decaying shopping centers with sprawling parking lots. And there are plenty of vacant reminders that the corridor’s commercial heyday was decades past.

Northeast Cobb Commissioner JoAnn Birrell is now proposing that the county take a more pro-active approach in trying to rev up Canton Road. In a rare step, she appeared before the Development Authority of Cobb County on Tuesday to request it provide financial assistance for a nonprofit to be set up to help revitalize that corridor.

Of the 38 commercial sites in the county listed by the county last year as either blighted or vacant and in need of development, 14 of the sites were on Canton Road. In January she formed the Canton Road Redevelopment Committee, made up of stakeholders and county staff.

“(We) have expressed interest in getting more medical facilities because of the proximity to Kennestone,” she said. “An urgent care (facility) … would be a good fit for that area rather than having to go to the emergency room for something minor and wait.”

“We don’t want to go through the county,” she said. “We want it to be a separate organization. Maybe a nonprofit or 501(c)3 that could accept grant money and maybe even get state grants in addition to what we may get approval for here.”

Birrell told the board she is looking for funding of $25,000 to $100,000. Rather than the tax incentives and inducements that the Authority hands out to prospective new business and industry, the group she has in mind would dole out smaller amounts as seed funding. It would be similar to a rotating loan fund, according to Cobb economic development director Michael Hughes.

“Facade and building renovation is probably one of the more common uses of these types of revolving loans, the terms of which can vary as well,” Hughes said. “If you’re talking about working capital, the term of that is generally three to five years. If you’re talking about loans for equipment, that’s up to 10 years and obviously talking about real estate that’s 15, 20 years out. … “It’s gap financing, for lack of a better word. It helps to close a gap for a business that has an interest in locating.”

Cobb hasn’t exactly ignored the area. It has already spent more than $4 million in SPLOST dollars on street and landscape improvements. And businesses there can take part in a rehabilitation incentive program that lets qualifying businesses receive tax abatements on money they invest in their properties.

Birrell says her proposal would be an additional sweetener. It got a favorable reaction from the Authority, and she will now draw up a formal plan for her grants committee. There’s no question that if the grant program is approved, that it and the committee should be subject to the state’s sunshine laws.

At first blush, her proposal looks like a low-cost way of encouraging revitalization in an area that badly needs it. And if it helps, the idea could be transplanted to other such Cobb corridors, of which there is no shortage.
Comments
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anonymous
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July 22, 2012
How about reducing taxes for everyone (existing and new to come) on that stretch of Canton Rd. and see what it does. (It will probably make a good case for why Cobb should lower taxes everywhere else in the county too.)
Curious Like a Cat
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July 19, 2012
I this is an editorial/letter to the editor by Commissioner JoAnn Birrell, why is it written in the third person?
Friendly Web Editor
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July 19, 2012
This article was inadvertently attributed to Commissioner Birrell. It has been corrected.

Thanks for the input.
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