The Lilburn Community Partnership reached $105 million in property value with the addition of two Home Depot stores. They were the locations in Lilburn and the Jimmy Carter location at U.S. Highway 29 and Jimmy Carter. The goal to attain to form the district is $437 million, with work “on target” to reach that goal.
A public media event will be held on Tuesday, October 20 at 10 a.m. at The Home Depot in Lilburn. The Lilburn Community Partnership, Home Depot, the Lilburn Business Association, along with city, county, and state officials, are invited to this media event.
J.T. Rieves, regional vice president of the Mid-South region for The Home Depot, says: “We are excited to be a part of the Lilburn Community Partnership. Since the company was founded, The Home Depot has been committed to helping improve the communities where our associates live and work, and we look forward to working with the Lilburn Community Partnership to that end.”
Gerald McDowell, executive director for the Lilburn Community Partnership, feels: “Our partnership with Home Depot will have a positive impact on the Lilburn community and will encourage other property owners such as Wal-Mart to join us, as well.”
A CID is a geographically defined district in which commercial property owners consent to invest in a commercial property fund that will be used to leverage for significant funds to use in the specified district. The property owners have control of the projects in the area and this brings in resources from outside the district that were not previously accessible.