Rail

Chatham Area Transit proposes tax allocation district to fund streetcar

Posted on August 20, 2013

SAVANNAH, Ga. — Chatham Area Transit CEO Chadwick Reese plans to propose the creation of a tax allocation district (TAD) to help generate the $16 million needed to secure a federal grant for its streetcar expansion project, according to a Savannahnow.com report.

The TAD, for part of downtown and West Savannah, is projected to generate anywhere from $36.7 million to $84.5 million in revenue. For the full story, click here.

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