Published on November 3rd, 2015 |3
City Council okays $800,000 to ensure Moores Mill Road extension
Council members voted unanimously on Monday (Nov. 2) to use $800,000 in transportation impact fees to complete the extension of Moores Mill Road that will serve a long-delayed retail complex by South Carolina-based Edens Company anchored by a long-promised 45,600-square-foot Publix supermarket.
The City Council action was the result of the tireless, unrelenting pursuit by Dist. 9 Councilwoman Felicia Moore to find a means for funding the entire extension from Bolton Road to Marietta Boulevard, rather than just a stop-gap funding to take the road only to the Publix store.
Funding for the nearly $100 million project appeared secure in 2013 when the Federal Highway Administration awarded the city $2 million. But the federal money is being held up by ongoing congressional gridlock over a long-term transportation spending bill, and Edens is anxious to move forward with the development.
Under an ordinance approved by the council, the $800,000 from the city will be added to $300,000 from Invest Atlanta, the city’s economic development agency. Invest Atlanta will hold another $200,000 – fulfilling an original commitment of $500,000 – for remaining phases of the project.
Besides the Publix, the project also will include shops and restaurants, and up to 345 residential units. It is expected to generate 255 construction jobs, 284 permanent jobs and $2 million a year in sales taxes.
The ordinance was presented to City Council the second time by its sponsor, Councilwoman Moore, after a previous attempt to do the same type of funding resulted in other members of City Council attempting to get their own shares of the transportation impact fees from the fund.