What is the fundamental issue?
On July 31, 2012, voters will decide by referendum whether to adopt a penny sales tax to fund transportation improvements throughout the 10-county metro Atlanta region (Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Fulton, Gwinnett, Henry, and Rockdale Counties).
The tax is expected to raise $7.2 billion over ten years to fund a mix of road and transit projects, of which 85% is allocated for a specific list of regional projects selected by the Regional Roundtable, and 15% is allocated for local projects to be selected by local governments. All funds raised in the region will stay in the region and can only be used to implement transportation projects.
I am a real estate professional. What does this mean for my business?
For commercial real estate to thrive, we need a vibrant job market. Metro Atlanta has a serious traffic problem, and we also face a transportation funding crisis. If metro Atlanta does not improve regional transportation, congestion will worsen. Other major cities with whom metro Atlanta competes – Charlotte, Denver, Salt Lake City, Seattle, Dallas, Houston, and Phoenix – are already investing in their transportation infrastructure.
To remain competitive in the race to recruit and retain jobs, we must address our traffic congestion problem.
ACBR supports passage of the Regional Transportation Referendum and encourages its members, affiliates, their clients, and all owners of real property to vote YES on July 31.
Actions and Outlook:
ACBR is helping to lead a non-partisan, broad-based coalition of civic groups, business organizations, and concerned citizens working to educate the public about transportation issues that affect the region.
ACBR, through the Atlanta REALTORS® Political Action Committee, provides financial support to the campaign that supports passage of the referendum.
Robert Broome, email@example.com, 404.732.0631