Join the Cumberland CID for a bike station launch at The Battery Atlanta on Tuesday, November 29th! The goal is to raise awareness for the new Battery Atlanta South Bike Share Station. Participants will be able to test ride a bike and learn about trails in the Cumberland area.
Date: Tuesday, November 29th
Time: 11:30 a.m. to 1:00 p.m.
Location: I-285 Pedestrian Bridge near Papa Johns
Parking: Silver Deck at Papa Johns
The event will feature a short program and ribbon cutting at approximately 12:15 p.m. Papa Johns pizza and giveaways will be provided while supplies last.
Location Map:
(CUMBERLAND) – Today, the inaugural meeting for One Cumberland’s Board of Directors was held, officially launching Cumberland’s first community 501(c)(3) organization (onecumberland.org). One Cumberland, founded by the Cumberland Community Improvement District (CID), will help bolster the work of the Cumberland CID by enhancing and broadening its reach, funding, and impact.
“Creating and maintaining a livable, vibrant community doesn’t happen by itself,” said One Cumberland Board Chair Rob Garcia. “Cumberland’s story is evolving. Now one of Cobb’s most diverse areas, Cumberland is home to over 30,000 residents and 3,300 businesses. One Cumberland will embrace this growth and engage our diversity to further establish Cumberland as a place where people want to live, work, and visit.
“The is an exciting day for our community,” said Kim Menefee, Executive Director for the Cumberland CID. “Since 1988, the Cumberland CID has invested over $160 million into key infrastructure projects and enhancements that have led to the success of the region. One Cumberland will build upon this success by being the engine that continues to boost quality of life and elevate all the assets that make Cumberland unique.”
The mission of One Cumberland is to protect and conserve the natural resources of Cumberland and establish the District as a vibrant, diverse community through the enrichment of cultural amenities, quality of life, improved access, and environmental stewardship. The Cumberland CID will staff and manage the day-to-day administration and operations for One Cumberland’s programs and projects.
Created by Constitutional Amendment, CIDs have the unique ability to partner with county, state, and federal agencies to plan, fund, and deliver infrastructure and transportation projects. Aligning One Cumberland with the Cumberland CID will allow for greater flexibility for community involvement and funding opportunities. One Cumberland will have the ability to accept donations from public and private foundations, private companies, and individuals as well as conduct capital campaigns for projects that enhance the Cumberland community.
“I envision One Cumberland will build and strengthen the bonds between people and neighborhoods in our community,” said Board Member Jon Ingram. “This can be done through numerous ways, whether it’s bringing together local artists for a public art project, hosting networking events, activating our many trails, or working together to preserve our natural resources, One Cumberland will enrich our lives and community spirit.”
Governed by a 9-member board of some the Cumberland District’s top private sector leaders, their mission is to improve and sustain the quality of life for those who live, work, and visit Cumberland. Below is a list of the One Cumberland Board Members.
• Rob Garcia, Board Chair Pinnacle Financial Partners, Regional President
• Melissa Cantrell, Vice Chair CDH Partners, President and CEO
• Barry Teague, Treasurer Walton Communities, Executive Chairman
• Secret Holland Gas South, LLC, VP of Human Resources and Community Affairs
• Jon Ingram Woodruff Arts Center, Director of Corporate Relations
• Chad Koenig Cushman Wakefield, Managing Director
• Chris McCoy Brookfield Properties, General Manager
• Michele Swann Cobb-Marietta Coliseum and Exhibit Hall, General Manager and CEO
• Holly Quinlan Cobb Travel and Tourism, President & CEO
(One Cumberland Board Members, pictured from left to right: Chad Koenig, Secret Holland, Jon Ingram, Melissa Cantrell, Rob Garcia, Barry Teague, Chris McCoy, Michele Swann, and Holly Quinlan)
About Cumberland CID
The Cumberland Community Improvement District (CID), Georgia’s first CID, is one of the nation’s premier models of public-private collaboration. More than 190 Commercial property owners pay additional property taxes, and the CID leverages these funds to advance key projects for increased access, better connectivity, and a more vibrant character throughout the Cumberland area. Each year, the CID creates more value for the community by initiating and leading enhancements to make Cumberland a more attractive place to operate a business, to work, and to live. Today, Cumberland has a $23.6 billion annual impact on Georgia’s economy. Cumberland is home to leading companies including The Home Depot, Papa Johns, TKE, Comcast, Genuine Parts Company, and more.
(CUMBERLAND) – The Cumberland Community Improvement District (CID) released its 2021 Economic Impact Analysis today. Since the CID’s last economic impact analysis in 2019, the Cumberland District has continued to show spectacular growth in all sectors including annual economic impact, jobs, residents, real estate, multifamily development, retail, and more. A marquee finding of the analysis revealed that the CID has a $23.6 billion annual economic impact on Georgia and an $18 billion annual economic impact on Cobb County.
“The impact of Cumberland continues to grow,” said Executive Director Kim Menefee. “This analysis validates a thriving, vibrant, and bustling Cumberland community. Traditionally, Cumberland was known as a major employment center. Today, we are so much more with younger, more diverse residents moving into the District and visitors being attracted to our cultural and natural amenities like the Atlanta Braves, The Battery Atlanta, Cobb Energy Performing Arts Centre, the Chattahoochee River, 38 miles of trails, and over 840 acres of national parkland.”
“When the CID was established 34 years ago, no one dreamed we would be seeing these kinds of figures today,” said John Shern, Chairman of the Board of Directors for the Cumberland CID. “We are in a new wave of development for Cumberland, and I’m proud of the strategic investments and partnerships the CID has made to help make Cumberland a place where people want business and entertainment destination.”
The analysis showed the Cumberland District is more diverse with Blacks/African Americans and Whites/Caucasians each making up 40% of the population. Asians now represent 13% of the population. Real estate development continues in the District. Nearly four and a half million square feet of new real estate development is in pipeline over the next five years. This includes all sectors such as office, multifamily, hospitality, and retail. Overall, the Cumberland District provides a net benefit to Cobb County generating nearly $140 million to Cobb County and Cobb County Schools.
Key Economic Impact Analysis Findings:
The Cumberland CID Economic Impact Analysis was conducted by the KB Advisory Group. Some of the key findings include:
The Cumberland CID has a total annual economic impact of $23.6 billion on Georgia, up from $20 billion in 2019.
The Cumberland CID has a total annual economic impact of $18 billion on Cobb County, up from $15 billion in 2019.
The Cumberland CID currently has an estimated 3,304 businesses that support 83,840 employees.
Retail is the top job sector with 17,000 jobs.
30,000 residents now live in Cumberland. 40% of those residents are Millennials.
Almost 40% of the CID’s residents are Millennials, the largest demographic in Cumberland CID.
Nearly 4.5 million commercial and residential space is under construction, planned, or proposed over the next five years.
The CID generates nearly $140 million for Cobb County and Cobb County Schools.
About Cumberland CID
The Cumberland Community Improvement District (CID), Georgia’s first CID, is one of the nation’s premier models of public-private collaboration. More than 190 Commercial property owners pay additional property taxes, and the CID leverages these funds to advance key projects for increased access, better connectivity, and a more vibrant character throughout the Cumberland area. Each year, the CID creates more value for the community by initiating and leading enhancements to make Cumberland a more attractive place to operate a business, to work, and to live. Today, Cumberland has a $23.6 billion annual impact on Georgia’s economy. Cumberland is home to industry leaders and Fortune 500 companies including The Home Depot, HD Supply, Comcast, Genuine Parts Company, and more.
About KB Advisory
For twenty years, KB Advisory Group has focused on helping clients understand how market and economic forces impact their real estate development aspirations. Our advice is grounded in our teams’ deep experience in consulting and implementing for hundreds of satisfied clients. KB understands what it takes to create a feasible development project and turn it into reality. KBA provides advice to developers, landowners, investors, corporations, non-profits, public authorities, and governments dealing with a wide range of real estate-related issues. We take pride in providing our clients insightful, objective analyses based on a thorough understanding of market trends and their financial implications. We are a trusted advisor and determined to go the extra mile in helping our clients achieve their objectives; more than 50% of our assignments are from returning clients who recognize the value of our expertise. WWW.KBAgroup.com
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(PHOTOS) TK Elevator Opens New North American Headquarters in Cumberland
Inside the TK Tower
From Left to Right: Greg Morgan, Cobb Chamber President and CEO Sharon Mason, Cumberland CID Executive Director Kim Menefee, Metro Atlanta Chamber CEO Katie Kirkpatrick, Cobb Chamber COO Dana Johnson
President and CEO of The Braves Development Company Mike Plant
