Atlanta Beltline sets $242 million budget for 2026

Atlanta BeltLine Eastside Trail Photo by Erin Sintos Atlanta Beltline Inc approved a nearly million budget for fiscal year with plans to push forward toward mainline trail completion and affordable housing housing goals by According to a press release from ABI the primary sources of funding for the trail are the Beltline Tax Allocation District TAD the Special Utility District SSD philanthropic encouragement and local state and federal grants The Beltline TAD remains the primary funding mechanism accounting for approximately million roughly of the total budget The budget was approved by the ABI and Invest Atlanta board of directors The following are the top budget investments in the FY budget Mainline Trail Delivery Design Construction millionThe Beltline continues its momentum to deliver nearly miles of continuous paved trail ahead of the FIFA World Cup The deadline to finish all miles of the Beltline and miles of connector trails remains Affordable Housing Commercial Space millionAffordable housing and commercial space remain a Beltline priority according to the press release Funding includes approximately million for buying property predevelopment costs due diligence and down payment assistance programs with Invest Atlanta The Beltline has reached of its goal of creating or preserving affordable housing units by Real Estate millionReal estate investments focus on acquiring key trail-adjacent properties including major parcels along the Northwest Trail essential to achieving trail connectivity as well as supporting housing and commercial affordability Economic Advance millionFunding will expand patronage for small businesses and the Beltline Marketplace undertaking along with the digital inclusion initiative to provide free society Wi-Fi and mechanism access in anticipation of the World Cup Originally proposed under a million federal grant this effort will now be funded through TAD allocations Transit millionWhile actual transit on the Beltline remains an evolving area of planning and discussion according to the press release million is being earmarked to promotion early-stage investments Specific of the allocated funding will go to consultant services to advance a new transit facility plan preliminary engineering and a -month pilot project for an autonomous shuttle connecting Atlanta University Center MARTA West End Station and the Southwest Trail at Lee White The Beltline will also be evaluating feasible alignments connecting the Southside Beltline to Downtown Atlanta The post Atlanta Beltline sets million budget for appeared first on Rough Draft Atlanta