The latest mark of what is proving to be significant government effort to bolster the redevelopment of southwest Atlanta, Georgia is a proposal to use money from Atlanta’s Brownfield Revolving Loan Fund to remediate portions of the Atlanta BeltLine’s Westside Trail.
Major players in the redevelopment include MARTA and two entities created by Atlanta – Invest Atlanta, the city’s development arm, and Atlanta BeltLine, Inc.
Count in the Georgia Department of Transportation because of its plans to improve Northside Drive from I-75 to I-20, possibly involving bicycle lanes and sidewalks, and a new interchange at I-20.
Invest Atlanta is slated to consider, at its meeting December 3, 2015, a proposal to borrow from the revolving loan fund an amount not to exceed $140,000. The money is to help pay to analyze and remediate tainted grounds along the Southwest Trail, which passes through some of Atlanta’s oldest industrial neighborhoods.
Invest Atlanta is to provide the money to Atlanta BeltLine, Inc. to continue remediation efforts, according to the resolution the board is to consider. Terms call for a 15-year loan and an interest rate not to exceed 2 percent. The loan was funded by a $1 million grant the federal Environmental Protection Agency issued to Atlanta in 2009.