Atlanta approves sale of bonds to help pay for Beltline

By PAUL DONSKY The Atlanta Journal-Constitution
Published on: 05/05/08

The Atlanta City Council on Monday approved a measure giving Beltline leaders the ability to begin the process of selling up to $120 million in bonds to help pay for the 22-mile loop of trails, transit and parks.

Beltline officials will have to come back later this summer for council approval on precisely how they plan to spend the money. The bonds would be issued in September, backed by increases on property tax revenue inside the Beltline tax allocation district.

It's the first of several planned bond sales over the next 25 years, projected to raise $1 billion.

http://www.beltline.org/