Business owners and apartment landlords around the Atlanta BeltLine will pay more taxes beginning this year to help fund completion of the 22-mile multi-use trail loop.
The tax increase is expected to generate $100 million via bonds this year. The bonds will unlock another $100 million in philanthropic funds and $100 million in BeltLine Tax Allocation District funds, according to Atlanta BeltLine Inc., the nonprofit that oversees the project.
The $300 million would then be leveraged to secure another $50 million from additional federal, state and local sources.
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