Beltline funding vote coming to a head

On Nov. 1, the Atlanta City Council’s Community Development Human Resources Committee unanimously passed legislation to establish a tax allocation district to fund the Beltline, a proposed 22-mile loop of transit, bike trails and greenspace.

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The legislation is now cleared for a Nov. 7 vote by the full Council.

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The funding mechanism for the Beltline, called a “TAD,” would generate future revenue through growth of the appraised value of commercial properties adjacent to the project; a TAD does not involve increases in property taxes.

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If the TAD is not passed by Council, the Beltline likely will not be built.

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The Nov. 7 Council meeting will begin at 1 p.m. in Council chambers at 55 Trinity Ave. Council members will take questions and comments from the public before voting on the Betltline’s TAD. The meeting also will be broadcast on Channel 26 and www.atlantaga.gov.

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For more info on the Beltline, visit www.beltline.org.