BeltLine Gets Brownfield Bump
Atlanta Beltline Inc.
The federal Environmental Protection Agency has awarded the Atlanta BeltLine $600,000 to clean up so-called “brownfields.” (A brownfield could be a former industrial or commercial site that is potentially contaminated.)
The grant will help the BeltLine develop its northeast corridor between Monroe Drive and Buford Highway.
Developers often shy away from redeveloping brownfields because of cost or liability concerns.
That’s why the EPA has established a fund to help shoulder the burden.
“For every dollar we provide to local communities, that leverages $18 of other investment leading to the cleanup and redevelopment of the property,” says Mathy Stanislaus,an assistant administrator for the EPA.
The EPA considers the BeltLine one of the most highly-successful brownfield clean-up efforts in the nation.
That’s partly why Atlanta was picked to host a national conference next week on the issue.
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