The nonprofit Atlanta BeltLine Partnership has created an organization called the Atlanta Land Trust Collaborative to protect neighborhoods at risk of displacement as the city's massive BeltLine project proceeds. The ALTC will be led by executive director Anthony Pickett, the partnership announced Monday.
Developed by more than 30 public, private, nonprofit, and community organizations along with national experts, the ALTC is designed to preserve housing affordability; develop housing programs for low- and moderate-income residents; foster community development of neighborhood resources; and encourage residents to participate in the organization.
Pickett has more than 20 years of experience in the planning, design, and construction of large-scale urban redevelopment projects, including early planning for the creation of the Beltline Tax Allocation District. The BeltLine is a $2.8 billion redevelopment effort in a 22-mile-long railroad corridor circling downtown Atlanta that will connect 45 neighborhoods and provide a network of public parks, multi-use trails, and transit.
Up to $1.7 billion of the BeltLine projects will be implemented through a TAD, which is similar to tax increment financing. Atlanta has already sold $78 million of TAD bonds for the project.