>>>
>>> GOOD
>>> GOOD MORNING. THANKS FOR JOINING US.
WE'RE DOING THINGS A LITTLE BIT
DIFFERENTLY THIS WEEK.
WE'RE BRINGING YOU THE BIZ SHOW
FROM THE EDGE OF THE ATLANTA
BELTLINE.
BELTLINE.
BELTLINE. IT'S ONE OF THE LARGEST URBAN
REDEVELOP PROJECTS IN THE
COUNTRY.
COUNTRY.
COUNTRY. IT'S NOT JUST A TRAIL.
IN FACT, BY 2030, IT'S
ESTIMATED THAT THE BELTLINE
COULD CREATE $10 BILLION IN
PRIVATE INVESTMENT ACROSS THE
CITY OF ATLANTA.
AND FOR THE NEXT HALF HOUR,
WE'LL FOCUS ON ECONOMIC 20 THE
WEST SIDE OF DOWNTOWN.
THE BELTLINE IS A CATALYST FOR
A LOT OF REVITALIZATION HERE,
AND A LIGHTNING ROD FOR ISSUES
LIKE AFFORDABILITY AND TRANSIT.
THIS THREE-MOLE STRETCH KNOWN
AS THE WEST SIDE TRAIL IS STILL
TAKING SHAPE SINCE OPENING IN
2017.
2017.
2017. A
2017. A FEW BUSINESSES HAVE MOVED
HERE.
HERE.
HERE. POPULAR GROUP HUBS AND
RESTAURANTS AND MORE ARE ON THE
WAY.
WAY.
WAY. THE
WAY. THE NEW OWNERS PLAN TO BUILD
LOFT OFFICES AND A FOOD HALL,
BRINGING MORE BUSINESSES, TAX
REVENUE, AND JOBS.
ATLANTA BELTLINE CEO CLYDE HUGS
SAID THE 22-MILE LOOP IS MORE
THAN A SERIES OF TRAILS.
IT'S A JOB-CREATION ENGINE.
>> RIGHT NOW, WE'RE FORECASTING
ABOUT 18,000 PERMANENT JOBS
CREATED ALONG THE BELTLINE
CORRIDOR.
CORRIDOR.
CORRIDOR. THAT IS SIGNIFICANT.
>> Reporter: COMPANIES HAVE
BEEN FLOCKING TO THE MORE
ESTABLISHED EAST SIDE TRAIL
THAT OPENED IN 2012.
THAT PORTION IS ANCHORED BY
POND CITY MARKETS HOME TO
CARDLITICS, ATHENA HEALTH AND A
SERIES OF STARTUPS AND HUNDREDS
OF SHOPS.
OF SHOPS.
OF SHOPS. MEANWHILE, THE NEARBY 725 PONCE
BUILDING IS ATTRACTING HIGH-
PROFILE TENANTS LIKE WE WORKS,
MCKENZIE AND COMPANY AND
BLACKROCK.
BLACKROCK. THE ASSET MANAGEMENT IF EARLY
WILL OPEN AN INNOVATION AREA
THERE EXPECTED TO CREATE A
THOUSAND NEW JOBS.
THE INITIAL GOAL IS TO ENSURE
CURRENT RESIDENTS HAVE ACCESS
TIME PLOYMENT.
TIME PLOYMENT. >> ONE OF THE THINGS, TIME
PLOYMENT.
PLOYMENT.
PLOYMENT. >> ONE OF THE THINGS WE'RE
FOCUSED ON IS THE TYPE OF JOBS
AND EMPLOYMENT WE CAN BRING TO
THE COMMUNITY ACCESSIBLE TO
EXISTING RESIDENTS AS WELL.
WHERE SOMEONE IN COMMUNITY CAN
LITERALLY WALK TO A JOB THAT IS
PAYING A LIVEABLE WAGE AND THAT
IS WHAT WE'RE TRYING TO DO FOR
THE BELTLINE.
THE BELTLINE. BRIG THE ENTIRE SOLUTION.
>> Reporter: WHEN THE ATLANTA
BELTLINE WAS FIRST CONCEIVED IN
1999, ITS VISIONARY RYAN GRAVE
WELL, LE SAW IT AS A WAY TO
BRING PEOPLE TOGETHER.
>> YOUNG PEOPLE, IT'S WHERE
THEY LIVE AND WORK.
WHERE THEY DATE AND DO SATURDAY
NIGHT.
NIGHT.
NIGHT. YOU SEE WOMEN IN HEELS ON THE
BELTLINE.
BELTLINE.
BELTLINE. THAT IS A SOCIAL PLACE.
IT'S SOMETHING THAT MAKINGS YOU
BELIEVE THAT ATLANTA IS, MAKES
YOU BELIEVE THAT ATLANTA IS
GOING TO BE THE ASPIRATIONAL
CITY WE WANT TO LEIN.
>> Reporter: HOWEVER, LIVING IN
THE CITY ALONG THE BELT LINE
COULD BE DIFFICULT FOR CURRENT
RESIDENTS.
RESIDENTS. HOME PRICES ARE RISING QUICKLY.
SO FAST, IN FACT, THE BELTLINE
SAID IT DEDICATED $12.5 MILLION
FOR AFFORDABLE HOUSING
INITIATIVES.
INITIATIVES. >> THIS FISCAL YEAR REPRESENTS
THE SINGLE LARGEST LINE ITEM
FOR AFFORDABLE HOUSING IN
BELTLINE HISTORY.
BELTLINE HISTORY. SO WE HAVE A KEEN FOCUS ON
MAKING SURE WE CAN ALSO PROVIDE
INCENTIVES TO DEVELOPERS
BRINGING NOW U IT INS TO THE
COMMUNITY AND ALSO FOR THE
BELTLINE TO ACQUIRE LAND ALONG
THE CORRIDOR, WHICH ALLOWS US
TO HAVE LONGER-TERM
AFFORDABILITY AND DEEPER
AFFORDABILITY FOR COMMUNITY AS
WELL.
WELL.
WELL. >>
WELL. >> THE ATLANTA MAYOR MADE
AFFORDABLE HOUSING A PRIORITY,
INTRODUCING A $100 BILLION PLAN
IN JUNE TO PRODUCE AND PRESERVE
24 AFFORDABLE HOUSING UNITS
ACROSS THE CITY THE NEXT SEVEN
YEARS.
YEARS.
YEARS. >>
YEARS. >> YOU WANT TO MAKE SURE IF
SOMEONE IS MAKING MINIMUM WAGE,
THEY CAN AFFORD TO LIVE IN THE
CITY AND THE SAME WAY HAD THAT
SOMEONE IS MAKING 40 TO U.S. A
YEAR CAN AFFORD TO LIVE IN THE
CITY.
CITY.
CITY. >>
CITY. >> Reporter: ONE OF THE MIXED
INCOME DEVELOPMENTS PLANNED IS
PARKSIDE AT QUARRY YARDS.
THANKS TO SUBSIDIES, THE
DEVELOPER SAID THAT RENTS THERE
WILL START AT 675 A MONTH FOR A
ONE-BEDROOM APARTMENT.
ONE-BEDROOM APARTMENT. A THREE-BEDROOM UNIT WILL COST
$1,300 A MONTH.
PARK SIDE AT QUARRY YARDS WILL
OPEN NEAR THE PROPOSED WEST
SIDE PARK AND THAT 280-ACRE
PARK WILL BE THE LARGEST GREEN
SPACE IN ATLANTA.
THE ANOTHER OTHER BLANK FOUND
AGREED GRAD TO PAY TO DEVELOP A
PARK AND THE SERIES OF TRAILS
THAT WILL CONNECT TO THE WEST
SIDE OF THE BELT LINE.
>> IT USED TO BE A BARRIER
BETWEEN DIFFERENT COMMUNITIES
AND OFTEN TWO COMMUNITIES OF
DIFFERENT SOCIAL ECONOMIC
STATUS.
STATUS.
STATUS. NOW IT'S WHERE PEOPLE COME
TOGETHER.
TOGETHER.
TOGETHER. >> Reporter: ONE WAY IS VIA
TRANSIT.
TRANSIT.
TRANSIT. THERE ARE SEVERAL MARTA
TRANSITS ALONG THE COR DOOR.
PLANS TO, CORRIDOR.
PLANS TO BRING LIGHT RAIL ARE
IN THE WORKS AND WOULD BE
FUNDED BY A HALFPENNY SALES TAX
VOTERS APPROVED IN 2016.
>> THE WORLD IS CHANGING.
LONG WITH THAT, WE'RE CHANGING
THE WAY WE THINK ABOUT
INFRASTRUCTURE.
INFRASTRUCTURE. WE HAVE TO MAKE SURE WE'RE
MAKING THE DECISIONS