Asset manager joins new CID
by Hilary Butschek
June 29, 2014 12:14 AM | 1473 views | 0 0 comments | 6 6 recommendations | email to a friend | print
Tom Flanigan, the first member of the Gateway Marietta CID board elected by the Marietta City Council, stands in front of the Franklin Oaks office complex on Franklin Road Friday.<br>Staff/Jeff Stanton
Tom Flanigan, the first member of the Gateway Marietta CID board elected by the Marietta City Council, stands in front of the Franklin Oaks office complex on Franklin Road Friday.
Staff/Jeff Stanton
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MARIETTA — Asset manager Tom Flanigan of east Cobb, a veteran member of community improvement districts, now has one more CID to add to his list.

The Marietta City Council named Flanigan to the governing board of the city’s fledgling CID on June 11.

Flanigan is an asset manager and a senior vice president at Clarion Partners, an asset investment company based in Houston.

The CID’s first board meeting is scheduled for Monday, where the six other board members are expected to be nominated.

To be a member of the board, a nominee must own property inside the CID, which runs along Franklin Road, and be voted in by a majority of the property owners present at the meeting, said Joe Knight, who worked with Flanigan on the formation of the CID.

Flanigan was previously the chairman of the South Fulton CID, which is along Oakley Industrial Boulevard and Highway 138, but he left so he could serve on the board of another CID, the Boulevard Improvement District, which is near Six Flags. He will continue his role on that board while he is on the Gateway Marietta CID’s board.

Flanigan said it’s part of his job to be involved in CIDs. He represents properties the company owns in Marietta, so he wants to be involved in making decisions about them.

Clarion Partners owns six buildings on 220,000 square feet inside Kingston Court and four buildings on 150,000 square feet inside Franklin Oaks, which are both office building parks on Franklin Road.

Flanigan said he was involved in the CID before it was created.

“They knew that I had been involved in CIDs, so they invited me to a couple of meetings with Mayor Tumlin to discuss whether or not this was a good idea — or a feasible idea — and I gave them my feedback,” Flanigan said.

Now, getting in on the ground level of this district, Flanigan said he is looking forward to creating a vision for the area.

“I will encourage the board to do what we did in the Fulton industrial area, and come up with a master plan for the area,” he said.

Although the new member said he didn’t have any specific plans for the area yet, one of the board’s first actions will be to set the tax rate for the district, Flanigan said.

“My expectation would be that we’ll be in line with all of the other CIDs, which is about 4 mills to 5 mills,” he said.

That will bring in about $200,000 a year, Flanigan said.

The money, Flanigan said, would be used to grow the economic activity inside the CID’s boundaries, which includes hotels, retail stores and offices.

“In general, everything we will probably do will have an economic development focus,” Flanigan said.

Mayor Steve Tumlin said Flanigan’s experience inspires confidence.

“I know he’s experienced with this kind of thing,” Tumlin said.

Lynn Rainey, the attorney for 16 CIDs in the metro Atlanta area, said he admires Flanigan’s work in the past with CIDs.

“He has great organizational skills, but also, he understand how a CID operates,” Rainey said.

Rainey, who has worked with Flanigan before in other CIDs, said what makes him valuable is his knack for knowing when and how to invest taxpayer money.

“He has the vision to know what investments to make early on, although they may take a while to mature,” Rainey said.

Community improvement districts are formed by commercial property owners when a majority agree to tax themselves at a higher rate, up to 5 additional mills. The extra revenue is used to get additional state and federal dollars to pay for infrastructure improvements.

The Gateway Marietta CID includes 31 businesses in a total area of 0.84 square miles along Franklin Road.

The Tom Flanigan file:
Residence: East Cobb
Family: Wife, Gail; son, Michael, 15; daughter, Tess, 12
Age: 54
Job: Senior vice president at Clarion Partners
Hometown: Detroit
Education: B.A. in economics from University of Michigan and J.D. from University of Michigan

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