Steve Perkins called my attention to the fact that Shirley Franklin is going to give a talk about the Beltline next week. I thought things had been put on hold, but apparently not.
The city wants to fund the Beltline using a tax allocation district instead of tax increases — basically, the increase in value and taxes generated would offset initial borrowing to build the Beltline.
The Beltline itself would go through downtown and midtown using an old rail line and right of way area. Some developers had wanted to develop it, but various city related interested sabotaged their plans if I remember right.
So, the question is, is the Beltline a good idea and, if the taxes don’t come in from the development, won’t the Atlanta taxpayers get screwed?