City of Atlanta Launches Public Website for Renew Atlanta Infrastructure Program
ATLANTA – November 11, 2015 – (RealEstateRama) — The City of Atlanta today launched a new website for the public to learn about and follow the progress of the Renew Atlanta infrastructure bond program, www.renewatlantabond.com. The Renew Atlanta program was approved by more than eight in ten voters in a special election held earlier this year. Over five years, the City of Atlanta plans to complete more than two hundred transportation and municipal facility projects, including major repairs and upgrades from an infrastructure maintenance backlog of nearly $900 million.
As the infrastructure program moves forward into construction on projects like the new Martin Luther King, Jr. Natatorium in the Historic Old Fourth Ward neighborhood, visitors to the website can track progress and spending. In addition, the website will host information about upcoming public meetings for those projects requiring additional research and planning, such as the proposed changes to Dekalb Avenue. Residents are invited to share their thoughts on the new website and the Renew Atlanta program through the site’s feedback page.
The City of Atlanta borrowed $250 million in bond funds earlier this year, after Atlanta voters overwhelmingly approved two ballot questions. The bonds will be repaid through cost savings identified by the Mayor’s Blue Ribbon Commission on Waste & Efficiency in Government, a panel made up of business leaders, union representatives and elected officials. The City was able to borrow these funds at historically low interest rates due to its financial stability and strong credit ratings. The bonds will have no impact on property taxes for Atlanta residents.
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