Published on September 16th, 2015 |3
EDENS, Invest Atlanta dealing to fund half of Moores Mill Rd. extension
According to Dist. 9 Atlanta City Councilwoman Felicia Moore, the shopping center developer EDENS essentially has agreed with Invest Atlanta to build a portion of the Moores Mill Road Extension with the $500,000 that Invest Atlanta had previously allocated for the Federal project.
However, that federal project included the Moores Mill Road extension from Bolton Road to Marietta Boulevard through the Moores Mill Shopping Center property, as well as a new Adams Drive and intersection at Marietta Boulevard to connect with the Moores Mill Road extension.
“Their plan is to use all of this money to fund the partial road construction, with the hopes that the city will somehow identify the remaining funds to
build the entire extension at a later date,” Moore wrote in an email to constituents.
In fact, diagrams of the project presented with the resolution show the road that is to be funded with the $500,000 going halfway into the shopping center property from the intersection of Moores Mill and Bolton roads—just far enough to reach the planned Publix market site.
The road would not continue on to Marietta Boulevard as called for in the original plans that have been part of the shopping center redevelopment plans for more than a decade.
This all came to light just as it was announced that Craig J. Richard, CEO of Invest Atlanta (formerly the Atlanta Development Authority), will be the speaker at the Northwest Community Alliance’s meeting at 6:45 p.m. tonight, at the Northside Park Baptist Church, south Buckhead. (To read the announcement for that meeting, click here.)
The timing of the two events could prove to be more than a mere coincidence. There is a good likelihood that Councilwoman Moore—and maybe even her colleague Dist. 8 Councilwoman Yolanda Adrean, who has backed Moore on the Moores Mill Road issue—could attend the meeting. That could lead to some interesting discussions.
The Northwest Community Alliance meeting will begin at 6:45 this evening for a tribute to recently deceased Julian Bond. The Invest Atlanta CEO is scheduled to speak at 7 p.m. The church is
located on Howell Mill Road, just north of the intersection with I-75.
Moore said it was “just by chance” she found out on Sept. 14 that on Sept. 10 “the Tax Allocation District (TAD) Project and Policy Review Committee approved a resolution authorizing a First Amendment to a Development Agreement among Invest Atlanta, The city of Atlanta and Coronet Way (E&A), LLC; and for other purposes.” Coronet Way LLC is EDENS.
The Resolution is slated to go before the full Invest Atlanta Board this Thursday, at 8:30 a.m. at the Invest Atlanta offices, suite 2900 in the Georgia Pacific building, 133 Peachtree Street.
“This poses several issues that I could have communicated, if consulted,” said Moore, who has been working for months with Invest Atlanta and EDENS to get the entire Moores Mill Road extension funded and for more than decade to get the shopping center redeveloped.
“One, the $500,000 was for the entire federal project (Moores Mill Road extension and Adams Drive). Using all of these funds will leave no money for any match needed in the future to build the Adams Drive portion of the project,” Moore explained.
“Two, building a portion of Moores Mill Road is unacceptable! It is unconceivable to me that anyone would think that a portion of the road would help the congestion and safety issues with Moores Mill Road,” Moore stated.
“To build a development and housing component that will drive more traffic to an already congested area without the full extension is unacceptable. While all are saying they support the entire road, no money has been committed,” Moore added.
The councilwoman said the proposal she has is to use only $300,000 of Invest Atlanta money, leave $200,000 for Adams Drive, and fund the remaining $800,000 with Transportation Impact Fee dollars generated in Council Districts 8 and 9. “I anticipate approval of the Moores Mill Road project before the end of the month, and I will then introduce legislation at City Council to fund the entire extension,” she said.
“I am still working to get some input into what is happening,” said Moore. “I hope to have a meeting with all involved before Thursday” when the full Invest Atlanta board is scheduled to take up the funding resolution.