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$172 million ‘largest budget yet’ approved by Atlanta BeltLine board, Invest Atlanta – WSB-TV Channel 2

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ATLANTA — At a meeting Thursday, the Atlanta BeltLine Board of Directors and Invest Atlanta approved the BeltLine’s largest budget to date.

For fiscal year 2025, the Atlanta BeltLine will have a budget of $172 million, which includes funding that will allow the organization to exceed its goal of 5,600 affordable housing units.

The BeltLine said in a statement that its goal is to have all 5,600 units available by 2030 and that with the new funding it would be able to exceed that benchmark.

The funding will also allow the organization to complete construction of a 22-mile trail corridor by 2030, according to officials.

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The organization said the $172 million budget represents a 12% increase over the current budget and will allow them to exceed the goal of 5,600 affordable homes by about 30%, with funding included to purchase the plots of land needed to complete the trail.

“This is a historic and exciting time for the Atlanta BeltLine as we move closer to completing the journey while achieving important goals,” said Atlanta BeltLine, Inc. President and CEO. , Clyde Higgs, in a press release. “For us, BeltLine is all about people and experience. The people-powered project is a destination for cultural connection, quality of life and economic equity. Supported by our new budget, we will exceed our affordable housing goals, accelerate the pace of trail work, and invest in more economic opportunities for all.

One of the Atlanta BeltLine’s goals for the next few years of development is to complete more than 16 miles of track before the FIFA World Cup arrives in Atlanta in 2026.

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By June 2026, the FY 2025 budget will complete 85 percent of the Mainline Trail, for a total length of 17.5 miles, according to the organization.

Of the total miles covered, 16.3 miles will be a continuous paved trail from Westside Park to Piedmont Park, from the Blandtown neighborhood in Northeast Atlanta, skirting South Atlanta to Piedmont Heights in Northeast is, the Atlanta BeltLine said.

The budget also provides funding for small business grant and incubator programs and an expansion of the Business Solutions Center, which helps small businesses, startups and disadvantaged businesses open and grow in areas located along the BeltLine.

“The top three areas of the total BeltLine FY25 budget are design and construction at 49%, real estate at 23%, and affordable housing at 12%,” officials said.

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