How do private developers benefit from TADs?

Creating a TAD allows for future tax revenues generated by a redevelopment project to be used to help pay for some of the costs of building the project. Usually, TAD bonds are used to either pay for public improvements to enhance a project or to help reduce the higher costs and risks of investing within a blighted area. TADs are often used to help pay for expensive water or sewer upgrades, parking structures, new roads, streetscape improvements, or other extra costs that otherwise make private redevelopment unfeasible. 

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1. What is a Tax Allocation District, and how does it work?
2. Where can local governments form TADs?
3. Will I pay a higher tax rate if my property is within a TAD?
4. What does the TAD referendum authorize, and when did it pass in Athens-Clarke County?
5. How is a TAD area created?
6. If the local government decides to create a TAD, how does the School District become involved?
7. How long does a TAD stay in effect?
8. How do private developers benefit from TADs?
9. What is the tax increment?