Tour of Perimeter Community Improvement Districts
The Perimeter Community Improvement Districts (PCIDs), representing both the Central (DeKalb) and Fulton Perimeter CIDs, are self-taxing districts that use additional property taxes to help accelerate transportation and infrastructure improvement projects. The PCIDs are leading the charge to implement vital transportation enhancements coupled with land use and zoning strategies that will enhance mobility and improve access to the Perimeter activity center.
The Perimeter business district is the region’s largest employer district and one of the largest Class A corporate office markets in the southeast. Perimeter is home to Fortune 500 companies, 125 companies with 100 or more employees, the state’s largest concentration of medical facilities, and an estimated population that may be the region’s largest by 2025. There are currently more than 110,000 jobs in the corridor, with 35,000 more expected over the course of the next 10 years. Overall, it represents a $3.31 billion real estate investment in metro Atlanta.
The Central (DeKalb) and Fulton PCIDs have each maintained their competitive edge in leveraging these funds since their inception in 1999 and 2001, respectively. The PCIDs have contributed $25 million in additional property taxes for transportation and infrastructure projects completed or underway in Perimeter and leveraged $105 million more – a 5.2 to 1 return on investment
The Tour will focus on the Southeast’s largest office market and the phenomenal transition of this former suburban office center into one of the Southeast’s most dynamic business districts. Stops will include Perimeter Mall where significant renovations and additions have refocused the Mall toward Ashford-Dunwoody Road and sought to connect the mall to surrounding business areas; Sembler’s Perimeter Place – a contemporary development combining retail, restaurant and residential in a single, walkable center; and the Dunwoody MARTA Station area where new mixed-use developments are being contemplated as the next wave of transit oriented development.