Atlanta BeltLine considers P3 for housing/transit projects

Georgia– Amid a leadership switch, Atlanta BeltLine Inc, the city’s urban redevelopment program is rethinking how it will create its new housing and transit plans. In 2005, the agency set a goal to build 5,600 affordable housing units within the BeltLine Tax Allocation District. The project has a deadline of 2030. So far only 1,600 homes have been constructed.

 

Now, officials are considering a public-private partnership for the development. Twelve years into the 24-year project and only $600 million of the $5 billion for the project has been spent. About $3 billion of that price tag was the cost of adding transit along the BeltLine. The project will need to build 300 to 400 homes per year to reach its goal in addition to developing its transportation component. The Beltline organization plans to have a specially-called meeting in the next couple weeks to figure out the next steps.