Georgia applies for high-speed rail grant

The Georgia Department of Transportation Friday October 2nd applied for $472 million in federal economic stimulus funds to build a high-speed passenger rail line from Atlanta to Macon.

The money would come from the $8 billion nationwide commitment to high-speed rail announced by President Barack Obama last spring.

If the DOT receives the entire $472 million, the funds would cover the project's full capital costs, from tracks and signals to construction of stations along the rout and enough locomotives to support three round trips per day, said Erik Steavens, the DOT's director of inter modal programs. "One of the issues we've had in the past is being able to (obtain) matching (funds), so we've applied for all of the capital costs," says Stevens.

Steavens also said the only additional funding the would be required would be about $10 million a year in operating expenses. he is confident that the General Assembly would come up with the match if the federal government puts up the rest.

Steavans said the DOT expects to find out by the end of the year whether the grant will be approved. and that the unique public-private partnership the stat has entered into with Norfolk Southern Corp. (NYSE:NSC), the freight rail carrier that owns the tracks, should work in the application's favor. "We'll have to see who else applies and what they bring to the table"

Atlanta Business Chronicle

Harris Poll: ATL, GA among most popular places

When polled where they would like to live, U.S. residents picked Atlanta as the 13th most popular city to reside and Georgia as the 14th most popular state.

New York City topped the Harris Poll this year as America's No. 1 choice to live, followed by San Francisco which was tied with Denver at the number 2 spot.
4) San Diego
5) Seattle
6) Chicago
7) Boston
8) Las Vegas
13) Atlanta

New York City topped the list every year except once in 1997.

California is the most popular state, taking the No. 1 spot for the sixth year in a row as the place Americans would like to live if they didn't live in the state they now live. Florida remains No. 2, Hawaii came in at No. 3, Texas was No. 4 and Colorado was No. 5.

"The most popular states and cities where large numbers of people would like to live tend to attract tourists and businesses" according to the Harris news release.

Atlanta Business Chronicle
October 5, 2009

Featured Property

102 White Park Drive, Suite 300 D, Dallas, Georgia 30132

$119,700

This commerical property has approximately 1500 sq.ft of light industrial space, including cabinets and a separate work area. There is approximately 600 sq.ft of finished office space with one bathroom. 14' ceiling height in the warehouse, with 12' high, 10' roll- up, drive in door.

Milicki & Associates
Real Estate Specialists
110 Evans Mill Drive
Suite 103
Dallas, GA 30157
Main: 770.874.2022
Fax: 770.874.2027
Toll Free: 1.866.966.3022
http://www.milicki.com/

First-Time Homebuyer Credit Provides Tax Benefits to 1.4 Million Families to Date

The IRS has released IR-2009-083 reporting that approximately 1.4 million taxpayers have filed (or amended) there 2008 income tax returns claiming the $8000 first-time homebuyer tax credit. The IRS release of informaiton also reminds taxpayers of the importance of getting your home purchase closed before the December expiration of the tax credit. The IRS has publicized a YouTube video it has prepared to help taxpayers understand the basics of the tax credit.

The National Associations of Realtors (NAR) continues to put forth it full effords to extend the credit into 2010. Read the IRS Press Release.

Anita C. Young
Milicki & Associates, Inc.
110 Evans Mill Dr.
Suite 103
Dallas, GA 30157
770-874-2022
866-966-3022 toll free
information@milicki.com
http://www.milicki.com

Featured Properties

284 Jennifer Lane, Temple, GA

This cute 3bed/2bath home sits on 2.46 acres, with a 16x20 shop. Shop has electricity, heat & air. This home has new vinyl siding, windows and metal roof. Only 10 mins to I-20.

LEASE PURCHASE AVAILABLE $2K Down $850 MO

Listing price is $115,900

Milicki & Associates

Real Estate Specialists

110 Evans Mill Drive

Suite 103

Dallas, GA 30157

Main: 770-874-2022

Fax: 770-874-2027

Email: info@milicki.com

http://www.milicki.com/

Flooding Across Metro Atlanta Area Affects Closing

I hope that all of you are safe and dry. Due to the recent flooding in the Metro Atlanta area, there are several counties that have been placed on the "State of Emergency" list.

They are as follows: Carroll, Catoosa, Chattogga, Cherokee, Clayton, Cobb, Crawford, DeKalb, Douglas, Forsyth, Fulton, Gwinett, Newton, Paulding, Rockdale, Stephens and Walker.

This means that if you have a property under contract in any of these counties and the appraisal has already taken place, a Lender Certification or Final Inspection will have to be performed on that home before a lender will allow it to close. This is an industry-wide issue; therefore your closings may be affected by this.

Contact your lender to verify that you are good to close.

Featured Properties

30 Barberry Lane, Dallas, Georgia

This spacious home has 5 bedrooms, one on the main level, huge kitchen and breakfast area, separate dining, living and family rooms. Enormous master retreat has a large sitting room and closet. Upstairs loft overlooks foyer.

Priced at $ 158,900

3938 Longview Drive, Chamblee, Georgia

This is a spcaious 4bed/2 1.5 bath home in the best metro Atlanta area. Harwoods on main, deck overlooks private fenced backyard, and a large workshop off the 2 car garage.

Priced at $279,900

Milicki and Associates

770-874-2022

Toll free : 1-866-966-3022

Fax: 770-874-2027

http://www.milicki.com/

email: info@milicki.com