Beltline Will Finally Get Some Cash

We’ve been talking about The Beltline for years now but haven’t seen too much foward momentum. Whether it was bickering among government entities and Wayne Mason or Buckhead lawyers working to slow down the project, not much has been done lately.

Well, that’s getting ready to change as The Beltline will begin to see the influx of $117 million in bond money.

But that is all set to change. The Atlanta City Council late Monday night approved the sale of $117 million in bonds for the Beltline, the first big cash infusion for the project, which aims to redevelop aging freight rail tracks that circle downtown into a network of transit, trails and parks.

The bond issue will be the first of several planned in the next 25 years projected to raise $1 billion. The Beltline, one of the largest public works projects in Atlanta’s history, has a projected $2.8 billion budget.

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