Are we there yet?

Ever felt like you were on the heels of greatness? 

THIS _ close to accomplishment… you can almost taste it?

Can’t sleep- don’t blink and God forbid, you miss a community meeting!  

Maybe it’s just me, and me knowing what I know- seeing THIS scene occur in New York (Harlem… Brooklyn..)but every meeting, every discussion, every media article, every planning  report  received is confirmation to what I feel deep in my soul.

We’re almost there…..

Not only do we have great residents working hard, we have many community advocates who are passionate about our communities and working to ensure we do “gentrification” correctly.  What do I mean? I mean, not only one group benefiting from the revitalization of our neighborhoods but we ALL benefit; our seniors,children, entrepreneurs, all races, cultures  and income levels- ALL, willing to persevere and work to reap the benefits of the vision.

Let me just say, yesterday I did not feel like this AT ALL.  I felt  tired, a bit defeated and  overwhelmed thinking:

“what more can I do? I just want to stay in my little house on my little corner doing nothing but fight with my landscaping “. 

Then Ireceived a call, an invitation to the West End Merchants Coalition. It  was time for their meeting this morning at 7AM.  YES- 7AM??…same thing I said. “Too early, I can’t make it.” However, the call was very timely as I recently completed a tour of our commercial  space, taking inventory of available locations.  Dragging myself out of bed at 6AM was a much needed renewal.  Not only did Council Member Winslow provide information on all the commercial incentives available, my personal SHE-RO, Deborah Scott of Georgia Standup was the guest speaker.  If you don’t know Ms. Scott, you’re missing out! (www.GeorgiaStandup.org)

Ms. Scott discussed how our businesses (and residents) can benefit from the developments taking place in Atlanta.  Do you know how many developments are taking place in Atlanta?  The list is pretty amazing. I have no idea which I should jump into first (all late) but, after the meeting with Ms Scott-  I KNOW I can’t sit and do nothing…or mentally fight with my landscaping much longer. A wise woman said, “If  you’re not at the table, you’re on the menu!”… I really like that  lady!

Here are a few projects and links for you to research:

Multi-Modal Passenger Terminal:

http://www.dot.ga.gov/informationcenter/p3/projects/mmpt/Pages/default.aspx

http://ajc.com/business/gulch-planners-take-big-1476572.html

http://atlantamagazine.com/fivepoints/blogentry.aspx?BlogEntryID=10403206

Fort McPherson:

http://www.ajc.com/news/georgia-government/state-aims-to-invest-139780.html

http://www.mcphersonredevelopment.com/

Atlanta Transit:

http://beltline.org/atlanta-beltline-programs/strenghening-the-community/

http://beltline.org/progress/planning/

http://www.atlantadowntown.com/initiatives/atlanta-streetcar/About

Atlanta Stadiums:

http://www.gwcc.com/about/Masterplans.aspx

http://www.investatlanta.com/buildDev/StadiumArea.jsp

http://www.ajc.com/news/sports/football/new-stadium-plan-retractable-roof-demolish-dome-1/nQTK4/

Business Development Opportunities:

www.investatlanta.com/entprnrSmallBus/commercialLoans.jsp

 http://www.dca.state.ga.us/economic/DevelopmentTools/programs/opportunityzones.asp

Community Improvement District:

http://westendcid.org/

Study up, and be prepared to come to the table! NPU-T holds our meeting every 2nd Wednesday of the month at 7PM. www.NPUTAtlanta.org

Please let me know if any links are broken, I’m so excited I can’t type fast enough. 🙂

First BeltLine Bonds Sold

 

Atlanta, GA, Oct. 31, 2008 – Today, the City Of Atlanta closed on a private placement of BeltLine Tax Allocation District (TAD) bonds worth $64.5 million, slightly more than half (54%) of the original bond authorization approved by City Council in August 2008. Two local institutions, Wachovia Bank and SunTrust Bank, each purchased $32.25 million in bonds.

Consistent with the City Council approved bond allocation, fifteen percent of the net proceeds, approximately $8.8 million, will capitalize the BeltLine Affordable Housing Trust Fund and another portion will be allocated to the Economic Development Fund. The remainder of the net proceeds will cover transit-related property acquisitions, including the full repayment of the debt on the Northeast Corridor property, working capital and bond issuance expenses.

“This is yet another milestone for the BeltLine which will preserve and add to the project’s momentum,” said Terri Y. Montague, President and CEO of Atlanta BeltLine, Inc.

“We are grateful that Wachovia and SunTrust, two longtime financial partners of the City of Atlanta, have demonstrated their confidence in the BeltLine by investing in these bonds. We are also thankful for the City Council’s crucial and continued support for this historic and visionary project,” said Valarie Wilson, Executive Director of the BeltLine Partnership.

The bond financing includes a provision to refinance the bonds on or after July 1, 2009. The City plans to issue the remainder of the $120 million bond authorization at the time of the subsequent bond refinancing or when market conditions become more favorable.

While the Atlanta City Council initially approved a bond sale of $120 million for the BeltLine TAD in August 2008, the global financial crisis and the lack of activity in the municipal bond market delayed the City’s ability to issue these bonds, along with several other bond sales. By proceeding with a smaller bond sale at this time, the project met the deadline of October 31 to finalize the acquisition of the Northeast Corridor property. It also satisfied a provision of the Fulton County Consent Resolution, which mandates that BeltLine TAD bonds must be issued before the end of 2008 to insure Fulton County’s participation in the TAD.

The Atlanta BeltLine is a $2.8 billion redevelopment project that will shape the way Atlanta grows over the next 25 years and beyond.  The project proposes a network of public parks, multi-use trails and transit along a historic 22-mile railroad corridor circling downtown and connecting many neighborhoods directly to each other by streetcar or light rail. The BeltLine is the most comprehensive economic development effort ever undertaken in the City of Atlanta and the largest, most wide-ranging urban redevelopment currently underway in the United States.

 

For more information about the BeltLine, please visit www.beltline.org