Atlanta on Friday closed on a private placement of $64.5 million of tax allocation district bonds for its ambitious BeltLine project, after the size of the offering was scaled back in recent weeks due to the liquidity crisis and market volatility.

Wachovia Bank and Sun Trust Bank equally split the BeltLine bonds, according to Douglass Selby, a partner with Hunton & Williams LLP, which served as co-bond counsel with Howell & Associates LLC on the offering.

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