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MACON, Georgia (41NBC/WMGT) – Macon-Bibb County Industrial Authority is proposing a new plan for cleaning up the county’s blighted commercial buildings.
Economic Development Director Stephen Adams addressed commissioners Tuesday morning with the idea of a tax freeze on blighted industrial and commercial properties.
He says it would serve as an incentive to prospective buyers to come in and take over.
“Through out the process of their investment into the facility they will make it more marketable and renovate the facility. That way they’re not being hit with that increased tax value until they have a tenant in the building,” Adams explained.
The plan would target properties costing between $1 million and $5 million. The tax freeze would last for five years on those properties.
Adams says they’d want to implement it in December of this year for it to go into effect starting fiscal year 2019