In September 2016, the City of LaGrange, GA adopted a plan to construct 29 miles of interconnected multimodal trails throughout the city. Known as The Thread Trail, the non-motorized and environmentally-friendly facility will provide a safe place to walk, cycle and hold special events.
The Thread Trail’s estimated cost is $23 million and would be funded over a 15 year period with a Special Local Option Sales Tax (SPLOST). The first phase of The Thread Trail began in early 2017 as a demonstration “model mile” anchored around Granger Park.
According to the Trust for Public Land, property values near parks and trails are frequently higher than properties located where there is little or no greenspace. Increasing property values frequently leads to a corresponding increase in property tax revenues generated.
Georgia Tech’s Center for Economic Development Research will be working closely with the city to establish a baseline value of properties in close proximity to the trail. The values of these parcels will be tracked over time and compared to properties elsewhere in the city in order to demonstrate the positive impact on property values and to help measure the economic benefits of The Thread Trail.
For project-related questions, contact:
Alan Durham
Phone: 404-385-5137