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Chairman’s bypass for developersI was amazed at how many people were shocked to discover Fayette County Commission Chairman Jack Smith was on the board of directors for the Bank of Georgia (owned by Georgia Bancshares, Inc.). Bank of Georgia was created by real estate developers for real estate developers. Sure, this bank is one of a select few dedicated to heavily funding the developers and residential builders in Fayette and Coweta counties. I detest these arranged marriages between politicians and developers. Of course, the average taxpayers are always trampled in these scenarios. Years ago, the siren went off when I wrote about then-City Attorney Jim Webb’s relationship with the very same bank. At the time, Webb was representing the city in several lawsuits posed by some developers who just happened to be creating the new Bank of Georgia with him. Webb ended up being axed by embarrassed city officials and I, along with The Citizen newspaper, were sued by the former city attorney for blowing the whistle. (Webb later dropped the lawsuit.) Nevertheless, our banking politician du jour is Commission Chairman Jack Smith. Now you know why Chairman Smith was so reluctant to turn back the tide on the TDK Extension, a Coweta housing and traffic tidal wave with the potential to swamp Peachtree City and Fayette County. Without hesitation, you should know why Smith is pushing the West Fayetteville Bypass with all his might, conscious of the fact the $60 million “Developer FREEway” boondoggle cannot be justified and the citizens do not want it. The bypass, as clearly seen on the map, opens up huge tracts of farmland to residential development. The county commission has had to admit the bypass is for “future traffic.” Who benefits from that type of activity: the Bank of Georgia? Who benefits from the Bank of Georgia: Chairman Smith? Smith has had a relationship with the development community going all the way back to his Fayette Chamber of Commerce days. Just as naughty as the bypass project, Chairman Smith has championed another tax increase via the Special Purpose Local Option Sales Tax (SPLOST). The ridiculous pork projects proposed for the SPLOST come off as a cruel practical joke in the midst of an unpleasant recession. Consider the tax proposal as Fayette’s version of Wall Street logic. I have always recommended that voters be leery of casting a ballot for candidates who have financial relationships with the development community. Chairman Smith is certainly applicable to that philosophy. It’s your money; speak up. [Steve Brown is the former mayor of Peachtree City. He can be reached at stevebrownptc@ureach.com.] login to post comments | Steve Brown's blog |