The Peachtree Corners City Council recently modified an ordinance that required the installation of sidewalks on all new development and re-development projects on existing or new, public or private streets.
The council approved an amendment to the ordinance creating a “Sidewalk Bank” which will allow developers to provide a financial contribution in lieu of installing sidewalks in locations that would not contribute to the city’s sidewalk network nor serve as a pedestrian amenity.
The new ordinance allows developers the ability to contribute the equivalent monetary value of those sidewalk improvements into the Peachtree Corners Sidewalk Bank for locations such as industrial areas where pedestrian access is limited or not needed.
Funds in the Sidewalk Bank will be used to pay for sidewalks in established areas that are more suitable to pedestrians. It will also allow the city to continue its efforts in expanding pedestrian connectivity throughout the city.