ATLANTA - Atlanta will proceed toward selling bonds to fund the delayed BeltLine project now that a Superior Court judge late last month validated the sale of up to $120 million of bonds.

The city has said it will sell the bonds through the Atlanta Development Authority by the late summer or early fall. The Atlanta City Council last year authorized the negotiated sale of the tax allocation district bonds for the BeltLine, to be sold in one or more series. The underwriters are Wachovia Bank NA, Jackson Securities LLC, and SunTrust Capital Markets, according to the ordinance the council approved this year.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.