Fresh Loaf

Beltline officials have hit back at an all-volunteer citizen advisory group tasked with monitoring the $2.8 billion project — and have essentially accused it of trying to take control of the Beltline.

The accusation was raised after the Tax Allocation District Advisory Committee, or TADAC, recently questioned whether an upcoming bond issuance would adequately fund affordable housing and public art along the 22-mile loop of parks, trails and transit.

TADAC also said Beltline officials have been reluctant to disclose information that could help the group make better recommendations about how public funds are spent on the project, which will include new parks, trails and (hopefully) transit along with much-needed affordable housing and economic development incentives. (For an excellent report on TADAC’s concerns and how everyone got to this point, check out the Jim Walls article linked above. Hell, we’ll link to it again here.)

In the Sept. 10 letter to Atlanta City Council, Beltline officials said the citizen advisory group’s recommendations “propose expanding TADAC’s scope and responsibility to make it the governing and operating entity of the Beltline project.”

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Terri Montague looked disappointed.

The CEO of Atlanta Beltline Inc., the nonprofit agency tasked with planning and building the 22-mile project, stood before the Atlanta City Council’s finance committee on Wednesday to present how the group planned to spend an estimated $117 million that was to be generated from the first round of TAD bonds. Councilmember Felicia Moore asked Montague what was the rush — council was about to go on recess and the Beltline has until Oct. 31 to settle an outstanding debt for a key piece of property near Piedmont Park. Moore was planning on tabling the item, she said.

What’s the rush? Well, to put it simply, Beltline leaders are against the slow-moving bureaucracy that is modern-day government. Council returns from its summer sojourn in mid-August and the Beltline has investors coming to scope out the project the following week. Montague said the investors need to have a sense that the city is truly committed to the project. It needs the money.

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A Beltline advisory committee charged with ensuring the 22-mile project sticks to its vision of connecting Atlanta in an equitable manner told Beltline leaders the project should not spend a large chunk of its first allocation of funds on a vital piece of property that runs along Piedmont Park.

In a polite-yet-firm letter addressed to Atlanta Beltline Inc. CEO Terri Montague, Eugene Bowens, Sr., chair of the independent advisory committee, said the group could not agree with what’s looking to be a necessary move — use more than half estimated $122 million that will become available later in the year to pay off loans and debt for the land.

“TADAC is deeply concerned that using such a large portion of the bond proceeds in this way and for the Northeast quadrant alone is not equitable or appropriate and that other key BeltLine projects will be limited or deferred altogether,” Bowens says. “While TADAC acknowledges ABI’s need to be responsive to the dynamic and often unanticipated demands of the market, TADAC’s understanding of and limited involvement in the decision-making leading up to the transaction, together with the other concerns that are raised in this letter, prevent us from supporting the transaction (and its subsequent refinancing).”

The committee advises Beltline leaders to try to alter the financing deal, reduce funding for the northeast section of the Beltline that encompasses the property, and dedicate future sales of land to other parts of the Beltline.

The property is owned by Gwinnett County developer Wayne Mason and his son, Keith. ABI and Barry Real Estate entered a joint agreement to purchase the land after a prior deal with the father and son ended in the two walking away frustrated by the city.

The issue strikes at the core of the Beltline — using an ambitious project to not only connect all 45 neighborhoods along it, but also attempt to right past wrongs and revitalize areas of the city that have long languished in blight and watched progress blossom elsewhere. It also raises the question currently being debated by Beltline leaders, activists and the city as to what “equity” really means.

Beltline CEO Terri Montague was asked last night how she felt about the letter. She said she had only just received it and was not prepared to comment.

Full letter is pasted after the jump.

For background on the Mason property, click here. A May article explored how this issue would be a touchy one.

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