4. WHERE IS THE ATLANTA BELTLINE?
• Inside the Perimeter
ATLANTIC STATION
• 2 – 3 miles from Downtown Core
5. WHAT IS THE ATLANTA BELTLINE?
Key Elements
Transit Parks Trails Jobs & Economic
22-mile loop 1300 + new acres 33 miles Development
30k jobs
Affordable & Workforce Historic Preservation Public Art & Environmental
Housing Streetscapes Clean-up
5,600 Units 1100 + acres
6. ATLANTA BELTLINE TRANSIT
BUCKHEAD I-85
Atlanta Memorial Park
I-75
• 22-mile Transit Loop with 4 new
Peachtree Creek Park potential connections to existing
Ardmore
Park MARTA service.
Waterworks
Piedmont
Park
North Woods Expansion
• 45 proposed stations
• Modern streetcar or light rail transit
MIDTOWN
Westside
Reservoir Park
Historic Fourth
Ward Park
Maddox Park
Washington Park
I-20 Oakland
Cemetery
Enota Park Glenwood
I-20
Grant Park
W. Park
DOWNTOWN Southside
H.S. Park
Four
Corners Stanton
Park Park
Murphy
Crossing Park Boulevard Crossing Park
Hillside Park
I-75/85
7. ATLANTA BELTLINE PARKS & TRAILS
• Emerald necklace: Up to 1,300 acres of
new parks and greenspace
Colonial
I-85
I-75 Park
• Many on former industrial lands
Peachtree
Ck Park
Waterworks
Tallulah
Park
Ansley Sq.
• 33 miles of trails alongside transit
Park
Piedmont Park
Expansion
• Alongside transit
• Spur trails connecting surrounding
neighborhoods to the BeltLine
Historic 4th
Westside Ward Park
Reservoir
Park Maddox Park
Enota Park I-20
Glenwood W.
Park
Stanton/ Southside H.S.
Hillside Four Corners Park
Park Intrenchment
Lawton St
Park Woods Park
Boulevard
Murphy Crossing Park
Crossing Park
I-75/85
8. BELTLINE CORRIDOR
Development Process
• Purchase and preservation of
Corridor
• Initial Corridor development
o Environmental Remediation,
infrastructure/utility design,
construction of multi-use trail and
amenities
• Private Property Reinvestment
o Greater connectivity from adjacent
private developments, increased
urban density, increased increment
Transit Implementation
o Integrated into public realm
o With sufficient funding, construction can
begin within 3-5 years of acquiring
corridor
o Supports new private development
investments
9. ATLANTA BELTLINE PLANNING
Land Use and Connectivity
10 Subarea Master Plans
• Promote improved
connectivity
• Promote denser
developments
• Promote improved
livability
10. ATLANTA BELTLINE CORRIDOR & TRANSIT
Progress to Date
• 48% of ROW Corridor secured for BeltLine
Transit & Trails through purchase, lease or
option (July 2009)
• Tier I Environmental Impact Statement (EIS)
underway with MARTA for the entire 22-mile
corridor and will be completed in Summer
2010
• Rails and overgrowth removed to create
pedestrian access
• Corridor Design team selected including world-
renowned international and local firms
• Perkins & Will, James Corner Field Operations, HDR,
Kimley-Horn
BeltLine Northeast Corridor
11. GREENSPACE & TRAILS
Progress Update
• Over 280 acres have been acquired for
greenspace along the BeltLine
• In 2010, there will be 3 parks in final
construction and interim work done on 2
others
• 3.3 miles of permanent trail completed
(10% of entire system)
• 7 miles of hiking trails completed
• 2.5 miles of permanent trail to begin
construction in October 2010.
Northside Trail
12. WESTSIDE PARK & RESERVOIR
300 Acre addition to Atlanta Park System
• Will be the largest park in the City and the
new reservoir will provide a 30-day backup
water supply
Bellwood Quarry, site of the future Westside
Reservoir Park
13. HISTORIC FOURTH WARD PARK
• Park Master Plan adopted March 2009
• Reuse and remediation of 17 acres of
former industrial and contaminated land
• Energy-Neutral Park
• Provides stormwater drainage relief to a
300-acre drainage basin around City Hall
East
• Funded by Department of Watershed
Management Opportunity Bonds; Park
Opportunity Bonds; Capital Campaign
• Completion early 2011
18. AFFORDABLE HOUSING PROGRAM -
OVERVIEW
• Goals
• 5,600 units
• $240M Affordable Housing Trust
Fund over 25 Years
• Housing choice around the BeltLine
for existing and new residents
• Components
• Downpayment assistance
• Developer incentives
• Property Acquisition (land banking)
• Deal Fundamentals
• Grant-based
• ~$40K per unit. No more than 30%
of total development costs
19. AFFORDABLE HOUSING PROGRAM -
PROGRESS
• Established policies with the BeltLine
Affordable Housing Advisory Board
• Capitalized an $8.8M Trust Fund with 1st
Bond issue
• 30 downpayment assistance closings to
date.
• Committed $1.6M in incentives (69 units)
• Created a more substantial property
acquisition fund for targeted purchases
21. BELTLINE FUNDING
Anticipated Funding Sources Capital Costs
Amount
Activity (In Millions)
Land $ 570
Parks & Trails $ 340
Transit & Transportation Improvements $1,375
Workforce Housing & Incentives $ 360
Admin & Project Management $ 32
APS Projects $ 95
Total Capital Cost $2,772
Source: TAD Redevelopment Plan, Nov 2005
22. TAX ALLOCATION DISTRICT
How does the BeltLine TAD work?
1. When the TAD was adopted in 2005,
the City, County, and Public Schools
agreed to receive the tax revenue
generated in the TAD at the time of
adoption for the next 25 years.
Tax Revenue
2. As new development happens
2 3
because of the BeltLine, additional
tax revenue is generated. This
additional tax revenue helps pay for
1 the BeltLine.
3. After 25 years, the City, County and
Public Schools receive all tax revenue,
which is higher than it would have
2005 2030
been without the BeltLine.
23. PRIVATE DEVELOPMENT
• Over 50 projects complete or underway
within TAD.
- 9,000 new residential units
- 700,000 SF of new commercial space
24. AFFORDABLE HOUSING TRUST FUND
FINANCING
• 15% of TAD bond proceeds dedicated to the BeltLine Affordable Housing Trust Fund
• Tax exempt bonds
• Incentive gap financing (other developer equity and sources of financing needed)
• Early application in the process (fully funded financial plan not necessary)
• More than just financial incentives
• Master planning prepares communities for land use and zoning densities
• Parking requirement relief (in process)
• Transit, parks, trails
• Two key lessons we are learning
• Coordination is key with other funders – especially HOPE VI / Choice
Neighborhoods and LIHTC
• Greater focus on land banking and property acquisition