Weather

Mostly Cloudy

85° F

Pollen 11

| Traffic

Bond sale OK'd; Beltline advocates relieved


The Atlanta Journal-Constitution
Published on: 05/28/08

Atlanta's Beltline project took a big step this week when a Fulton County Superior Court judge approved the sale of up to $120 million in bonds to help pay for the planned 22-mile loop of transit, trails and parks.

The decision sets the stage for an anticipated bond sale in September, the first of several planned over the next 25 years. The exact dollar amount will be set later, based on Fulton County property assessments.

Recent headlines:

   • Atlanta and Fulton County news

Beltline officials are drafting a five-year budget plan, which must be approved by the Atlanta City Council. The bonds are being backed by expected increases in the value of property along the 22-mile route.

The ruling was expected but came as a relief to Beltline officials, who have been trying to issue bonds for nearly two years.

A planned bond sale in 2006 was successfully challenged by a Buckhead lawyer, who claimed the state Constitution forbids school property tax money from being spent on redevelopment projects like the Beltline. The Beltline bond sale now being planned relies only on city and county property tax revenues.

Vote for this story!

Inside AJC.COM

Private Quarters Splurge

Private Quarters Splurge

The Appletons wanted their newly-constructed Kirkwood home to reflect an English sensibility.

'Housewives' sneak peek

'Housewives' sneak peek

Season Two starts July 30, and we got a copy of the first episode. Here's some juicy tidbits.

Weekend Away

Weekend Away

Thailand, Maine, the Rocky Mountains ... and a beer garden. See where Atlantans traveled!

Six deals for the Braves

Six deals for the Braves

Mark Bradley shows us ESPN.com's Top 6 teams the Braves could wheel-and-deal with for trades.

Hawks new big man?

Hawks new big man?

Is the team going Down Under to fortify its front line? David Andersen may be the answer.

Top 5 in Atlanta

Top 5 in Atlanta

Our Top 5 fast foods prove you don't have to sacrifice taste for speed. Can you say Varsity?

Kudzu Services » Find the right people for the job