The study looks at 47 potential redevelopment sites consisting of 266 acres along the Wynnton/Macon Road corridor from its intersection with I-185 (to the east) and 10th Avenue (to the west) that are likely to redevelop over the next 20 years.  Each of these parcels was identified for future redevelopment and renewal based on:

These 47 potential redevelopment sites were then placed into categories based on how likely they are to be redeveloped in the near future, including: 1) Highly Likely (redevelopment expected in the next 7 years); 2) Moderately Likely (redevelopment expected in 7-15 years); 3) Less Likely (redevelopment expected in 15-20 years). (Picture: Potential site on Wynnton Road between Tate and Dixon Drives). 

The economic study included in the analysis showed that those parcels likely to redevelop within 7 years have a maximum potential increased value of $569,294,953.  Those likely to redevelop in 7-15 years have a maximum potential increased value of $529,851,668; and, those likely to be redeveloped in 15-20 years have a $73,008,137 maximum potential increased value.  That's right - over $1 billion in potential increased property values over the next 20 years on MidTown's Wynnton Corridor alone.  (The increased property value numbers are based on the substantial capture of expected residential growth, new commercial space values of $85 per square foot; and, new residential values of $150,000 per loft/condo; and $225,000 per townhouse.  See page 16 of the Strategy report for more detailed information.)  The importance of revitalizing and renewing MidTown is now clear.  The economic impact of renewing the corridor that cuts through the center of MidTown will positively benefit not only our in-town areas, but the entire city through substantial economic development, increased property values and increased city property and sales tax revenue.