A new Atlanta law is intended to crack down on absentee landlords including commercial property owners and clean up neglected properties.
The “Blight Tax” allows city officials to put levies on blighted property owners up to 25 times higher than current millage rates. The city wants to incentivize owners to revitalize or sell their properties.
The program will not apply to any occupied property to avoid displacing residents. Blighted properties subjected to higher taxes that are remediated and returned to productive use can be eligible for a discounted tax rate after the work is finished.
Large-scale properties such as former industrial sites that significantly impact neighborhoods would be singled out. Before redevelopment, those property owners would first have to agree to a development plan that addresses neighborhood objectives such as connectivity, transportation, and public amenities.
Related Stories
| Jan 30, 2012
ZigBee and ISO 50001: Two new standards to make buildings greener
These developments demonstrate the dynamic nature of the market and the continued need for development of program standards of many different types that help builders and owners translate high performance and sustainable buildings goals into practical measures on the ground.
| Jan 30, 2012
New firm-fixed-price rules on federal contracts impact construction industry
Contractors will need to be on the lookout for policies such as the Contractor Accountability for Quality clause.
| Jan 30, 2012
Roofer’s fatal plunge demonstrates need for fall-prevention regulations
“The biggest problem is getting our workers to use the equipment,” says Michael J. Florio, executive director of the organization.
| Jan 26, 2012
Tampa moves to streamlined online permitting system
The system will replace an inefficient patchwork of old software and is designed to provide businesses, homeowners, and contractors with online access to permitting and licensing information.
| Jan 26, 2012
EPA to collect more data, seek comments before finalizing mud rule
The EPA says it will seek more data and is accepting comments until March 5.
| Jan 26, 2012
Industry challenges Connecticut's suit over defective construction work
The dispute arose over multimillion-dollar leaks at the University of Connecticut's law library.
| Jan 26, 2012
Earthquake 'fuse' could save buildings during temblors
The idea is to use an earthquake "fuse" that can prevent the tiny fractures and warps that make structures unsafe after a quake and very expensive to repair.
| Jan 26, 2012
HPD open materials standard for green building materials gains momentum
GreenWizard, provider of a cloud-based product management and project collaboration software, is the latest industry participant to sign on
| Jan 26, 2012
Siemens launches smoke detection knowledge center
New knowledge center web site demonstrates efficacy of smoke detection.
