The DeKalb County Commission voted down a plan to use stimulus funds and a tax increase to develop the old GM plant in Doraville.
The plan called for $36 million in federal stimulus bonds and $18 million in interest, which would be paid for by a property tax increase.
CEO Burrell Ellis has said the GM project would bring 9,000 construction jobs to DeKalb.
New Broad Street, which has an option to buy the 165-acre GM site, said they cannot move forward without the county’s money.
I don’t know all the details of the proposed project but reading this story makes me think the Commission did the right thing by voting it down. I’m always leery when a “can’t miss” project requires tax payer funds to make it work.