Part of the "RECLAIMING THE CROWN" initiative
Create a city-led redevelopment framework that supports the Mill-Line as a catalyst for redevelopment in North Dalton. The strategy recommends forming a URA to oversee redevelopment activity, pursuing State Opportunity Zone designation to incentivize job creation, rehabilitating the City-owned Crown Mill General Store for neighborhood commercial use, establishing a Crown Mill Village Historic District to preserve architectural assets, creating a North Dalton Residential Overlay District to guide cohesive residential development, and forming a new TAD to generate funding for redevelopment projects in the North Dalton and Crown Mill Village Historic District area.
Tracks creation of the North Dalton Residential Overlay District to guide cohesive residential redevelopment.
Tracks expected time required for Opportunity Zone designation processing.
Tracks increased value of historic properties and surrounding areas through district preservation and upkeep.
Tracks establishment of the Crown Mill Village Historic District.
Tracks long-range rehabilitation timing for the Crown Mill General Store.
Tracks attraction of current and prospective employers through Opportunity Zone and redevelopment incentives.
Tracks the 10-year period during which approved Opportunity Zone designation remains effective.
Tracks creation of a State Opportunity Zone to incentivize employers and job creation.
Tracks staff hours per pay period used to estimate URA administrative cost.
Tracks projected one-time building rehabilitation cost for Crown Mill General Store.
Tracks new jobs created by employers using the State Opportunity Zone job tax credit.
Tracks formation of a new Tax Allocation District for North Dalton.
Tracks State Opportunity Zone staff time for processing applications.
Tracks proposed TAD #6 North Dalton Area acreage.
Tracks one-time mailing and public hearing/legal advertisement costs for Crown Mill Village Historic District establishment.
Tracks maximum job tax credit available per job created through the State Opportunity Zone.
Tracks required public hearings for the North Dalton Residential Overlay District ordinance process.
Tracks rehabilitation of the Crown Mill General Store into a neighborhood commercial use such as coffee shop or bakery.
Tracks annual administrative cost to operate the URA using current staff time.
Tracks increased property values across the North Dalton Residential Overlay District as redevelopment continues.
Tracks North Dalton Residential Overlay District mailing and public hearing/legal advertisement costs.
Tracks use of TAD funds for combined city-led projects including greenway infrastructure, underground utilities, road improvements, sidewalks, parking, signage, and streetscape.
Tracks annual increment available for improvements for every $25 million in redevelopment under the City/County/Schools partnership scenario.
Tracks annual increment available if only the City participates in the TAD.
Tracks improved aesthetic and infrastructure conditions in the North Dalton area from TAD-funded improvements and redevelopment strategies.
Tracks creation of an Urban Redevelopment Agency to oversee redevelopment activities in the North Dalton focus area.
Budget items shown include URA Admin Cost of $6,500 annually; State Opportunity Zone staff time of $312.50 annually based on about 10 hours per year; Crown Mill General Store building rehabilitation cost of approximately $300,000 one-time; Crown Mill Village Historic District mailing costs of $150 plus staff time and public hearing/legal advertisement costs of $150 plus staff time; North Dalton Residential Overlay District mailing costs of $150 plus staff time and public hearing/legal advertisement costs of $450 plus staff time. Additional notes state NWGRC service contract costs are around $40,000 per year, or $7,000-$10,000 if Georgia Conservancy is used as a partner.