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A Southern Opportunity

A Southside development launched by longtime Atlanta real estate developer Charlies Brown's company could get a boost from a newly created tax credity zone meant to spur economic activity across the area.

Atlanta Business Chronicle, July 16, 2009

Known as the "Union City opportunity zone," it's part of Georgia's job tax credit program for areas that need redevelopment and revitatlization.

Any eligible business locating in the Union City Opportunity Zone would get a $3,500-per-employee tax credit for two or more employees for a five-year period.

The opportunity zone incorporate most of the planned development of Parkway South, or about 2,500 acres centered along South Fulton Parkway, minutes from Hartsfield-Jackson Atlanta International Airport.

Parkway South is being developed by Brown's company, CRB Realty Associates Inc. It's what planners call a catalyst project - one that could kick-start growth across the entire area.

"The opportunity zone is a great 'stimulus' for the parkway and for the future development of Union City," says Scott Brown, president of CRB Realty and the lead developer of Parkway South. "It's a boost for the south side, and it's exciting to be on the front-end of what I predict will be a monumental revitalization."

 

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