Emerging Tech Clusters and Gentrification in Atlanta Sample Clauses

Emerging Tech Clusters and Gentrification in Atlanta. One of the most ambitious projects in recent years to arise in Atlanta has been the Beltline, a park and walkable transportation network that circles most of the inner city. The Beltline was originally conceived by Georgia Tech student Xxxx Xxxxxx, who completed his master’s thesis on developing a new walkable path around the city.193 Given Atlanta’s history of racism and segregation, the city is notoriously disconnected. In creating the Beltline, one of the primary goals was to connect the disparate neighborhoods in one continuous loop, uniting all residents of the city.194 When city officials and planners first set out to develop the path, the estimated cost was approximately $4.5 billion.195 Despite such a significant cost of development, planners agreed on the ultimate value that the project could provide by amplifying the social and economic growth in the city. On the other hand, the potential externalities the project could develop were of lesser concern, a commonly cited issue evident among various sustainable development projects.196 In order to move forward, planners decided that the primary source for funding for the Beltline would be dependent on the surrounding communities being established as a tax allocation district (TAD). According to The City of Atlanta, the TAD works by directing “increases in property tax revenues, which are generated primarily from new investment in the district, are allocated to pay infrastructure costs or certain private development costs within the TAD.”197 In essence, any 193 Xxxxx Xxxxxxxx. “The Man With a Plan.” Georgia Tech News Center, December 12, 2019. xxxxx://xxx.xxxx.xxxxxx.xxx/features/man-plan. 194 Xxxx Xxxxxxxxxxx, City on the Verge: Atlanta and the Fight for America’s Urban Future, Illustrated edition (New York: Basic Books, 2017). 195 Xxx Xxxxxxxxxx and Xxxxxxxx Xxxxx. “Sustainable for Whom? Green Urban Development, Environmental Gentrification, and the Atlanta Beltline.” Urban Geography 39, no. 4 (April 21, 2018): 546–62. xxxxx://xxx.xxx/10.1080/02723638.2017.1360041. 196 Xxx Xxxx and Xxxxxx Xxxxxx, “Sustainable Development for Some: Green Urban Development and Affordability,” Local Environment 14 (August 1, 2009): 670. xxxxx://xxx.xxx/10.1080/13549830903089283. 197 “Tax Allocation District (TAD) | Atlanta, GA,” accessed February 13, 2021, xxxxx://xxx.xxxxxxxxx.xxx/government/departments/city-planning/office-of-zoning-development/plans-and- studies/tax-allocation-district-tad. existing properties in th...
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