The Atlanta BeltLine is expected to generate more than $20 billion of new economic development of the 25 years of the project and approximately 30,000 new jobs and 48,000 temporary construction jobs. The Five-Year work plan focuses on jumpstarting this economic development in a number of ways including through indirect incentives such as the creation of infrastructure and amenities such as new parks, trails, and transportation infrastructure improvements.
The Work Plan also includes direct efforts intended to help spur economic development in a balanced way, including affordable housing. In addition to the master planning efforts underway, the activities outlined below will help encourage economic development during the five year work plan:
- Brownfield Remediation - see BeltLine Brownfield Remediation page
- Economic Development Incentives - $19 million of incentives are included in the Five-Year Work plan. Approximately 75 percent are tragetting key focus areas (Murphy Triangle, Boulevard Crossing, Simpson/Maddox, West End/McDaniel Glenn, University/Metropolitan, •as identified in the map below:
- Affordable Workforce Housing - 15 percent of each bond issuance will be set aside for the affordable housing trust fund. This is expected to generate upwards of $42 million in funding during the five-year work plan to help spur the development of affordable housing units along the BeltLine.
Click here to see updates and documents on economic development around the BeltLine.
