Beltline looks to October bond issue for more project funding

City Council committee gives OK for up to $267 million in bonds

The Atlanta City Council Finance and Executive Committee yesterday gave Beltline officials the green light to issue up to $267 million in bonds to fund the 22-mile loop of parks, trails and transit.

At a citizen advisory committee meeting on Tuesday at the East Atlanta library, Richard Lutch of Atlanta Beltline Inc. told members that project officials will issue bonds in the $145 million-$165 million range in October, a good chunk of which will go to refinance last year’s bond issuance.

Exactly how other cash raised from the issuance will be used for trails, parks and other Beltline features is still undecided. But officials have a basic idea.