4 : strategic overview of activities to 2030
TOTAL ATLANTA BELTLINE SOURCES AND USEs OF FUNDS
$ millions
SOURCES Tax Increment
$1,455
33%
1,272
29%
Federal, State, Regional or Local Funding for Streetscapes (estimated)
343
8%
Local Funding for Parks (estimated)
157
4%
Private Funds (estimated)
275
6%
Unidentified
891
20%
$4,393
100%
Federal Funds (estimated)
TOTAL SOURCES
$ millions
USES Transit
$2,298
52%
Parks
553
13%
Streetscapes
343
8%
Affordable Housing
302
7%
Trails
246
6%
PILOT Payments
211
5%
Existing Debt Repayment
164
4%
ABI Operating
176
4%
Economic Development Incentive Fund
100
2%
$4,393
100%
TOTAL USES
As shown in the table above, the financial model for the SIP assumes that the Atlanta BeltLine will eventually receive $4.393 billion dollars of funding from various sources, of which TAD revenues will account for one third, at $1.454 billion. Of the other funding sources, federal funding is the largest at $1.272 billion, also representing almost one-third of the program’s total funding, with the remaining funding balance coming from local public and private sources.
funding gap of $891 million, accounting for full Atlanta BeltLine TAD funding distribution and without consideration of bonds being issued. This amount will be affected by a variety of factors discussed in Section 3, but with the forecasts as they are at present, ABI and the City of Atlanta will still need to identify and secure additional funding. Some potential sources of gap funding and the actions required to secure it are discussed in Section 6.
Comparing the total costs of the Atlanta BeltLine to the anticipated funding sources suggests a total unidentified
The Atlanta BeltLine 2030 Strategic Implementation Plan : FINAL REPORT
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