At Monday’s Atlanta City Council meeting , the council members proposed a resolution to use city funds to buy up blighted and condemned properties in the city as part of a bid to boost development and solve community issues.
The proposal comes less than a month after the council passed their plan to levy additional taxes on the owners of blighted properties.
As Channel 2 Action News has reported , owners of blighted properties in Atlanta could see their taxes increase as much as 25 times the current property tax rate, as a strategy to cut down the amount of vacant, abandoned and blighted properties in the city.
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Larger properties would also have to have owners agree to and provide detailed redevelopment plans, which Atlanta officials said would need to be related to connectivity, transportation and public amenities in the neighborhoods they’re located in.