Marietta Redevelopment Corporation

Current

• Redevelopment Agency at City of Marietta

Past

• Marietta Redevelopment Task Force at City of Marietta

Education

• Cardinal Stritch University
• Georgia State University
• Georgia State University - J. Mack Robinson College of Business

• University of Virginia School of Law

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Industry

Real Estate

Marietta Redevelopment Corporation’s Summary

The Marietta Redevelopment Corporation (MRC) seeks to facilitate public financing of redevelopment projects using local, state and federally funded incentive programs. Among these programs, the MRC has focused on the use of Tax Allocation Districts (TADs), the Marietta Fund for Neighborhood and Community Revitalization (the Fund), New Market Tax Credits (NMTC) and Community Development Block Grant (CDBG) funds when possible.

These programs are all intended to assist with redevelopment and revitalization of Marietta through financing of:

Infrastructure including roads, underground power utilities, water and sewer lines; Demolition of buildings including substandard apartments; Construction of public facilities including parking decks

STRATEGIC GOALS
1. From its inception the MRC has assisted the City Council with the implementation of its redevelopment expectation for Marietta. The City’s vision evolves as progress is made through implementation of Marietta’s comprehensive redevelopment strategy. The MRC’s goals are similar to the City Council’s goals and the needs of the community.

2. Utilize the Marietta Fund for Neighborhood and Community Revitalization (the Fund) resources in areas to reduce the number nonproductive properties to produce an immediate positive impact on neighborhoods.

3. Carefully evaluate redevelopment opportunities and re-use options for assembled properties and manage property disposition in a manner that maximizes benefits to the City.

4. Leverage the Fund with federal and state economic development housing resources funds to advance redevelopment objectives.

5. Work closely with the private sector to identify and assemble parcels for redevelopment to enhance the City’s influence on density and physical characteristics of future redevelopment projects.

6. Encourage the success of redevelopment projects that have already been initiated and supported with public investment.

Marietta Redevelopment Corporation’s Specialties:

Tax Exempt Development Finance
Real Estate Market Research
Land Aquisition and Site Assemblage
Business Recruitment and Expansion

Marietta Redevelopment Corporation’s Education

• Cardinal Stritch University

  Masters , Managment

  Attended by Board of Directors member Diane Lidz

• Georgia State University

  Bachelors , Urban Policy Studies Planning & Economic Development

  Attended by Redevelopment Project Manager, Teresa Sabree

• Georgia State University - J. Mack Robinson College of Business

  MBA , Finance

  Attended by MRC Chairman Ronald H. Francis

• University of Virginia School of Law

  Juris Doctorate ,

  Attended by Executive Director, Reggie A. Taylor

Additional Information

Marietta Redevelopment Corporation’s Interests:

MISSION The principal mission of the MRC is to strengthen the economic and residential base of the City by revitalizing neighborhoods, commercial areas and other distressed properties. ROLE OF CORPORATION The MRC’s primary roles are to advise the City Council on redevelopment matters, to facilitate efforts by the private sector to invest in the community, to make strategic real estate investments in blighted areas and to assemble properties for redevelopment where needed.

Marietta Redevelopment Corporation’s Groups:

Urban Land Institute
International Council of Shopping Centers
Council of Development Finance Agencies

Marietta Redevelopment Corporation’s Contact Settings

Interested In:

• new ventures
• expertise requests
• business deals