ATLANTA – November 11, 2015 – (RealEstateRama) — The City of Atlanta today launched a new website for the public to learn about and follow the progress of the Renew Atlanta infrastructure bond program, www.renewatlantabond.com. The Renew Atlanta program was approved by more than eight in ten voters in a special election held earlier this year. Over five years, the City of Atlanta plans to complete more than two hundred transportation and municipal facility projects, including major repairs and upgrades from an infrastructure maintenance backlog of nearly $900 million. Visitors to the site can see up-to-date project listings for each category of the bond program, including road resurfacing, bridge repairs, complete streets projects, and upgrades to parks and recreation facilities across the city.
Last week, Mayor Kasim Reed announced that Faye DiMassimo will serve as the new General Manager of the Renew Atlanta bond program, effective in December. DiMassimo will bring her expertise and strong track record of managing large, complex projects to the Renew Atlanta program.
“The City of Atlanta is proud to provide a website for the public to learn about and follow the progress of more than two hundred Renew Atlanta infrastructure bond projects,” said Dan Gordon, Chief Operating Officer for the City of Atlanta. “Mayor Reed’s vision is to make the single largest investment in the look, feel and experience of our city in modern times. With this new, public-facing website and Faye DiMassimo as General Manager, Atlanta residents can track our progress and feel confident in the City’s management of this important program.”
In the months since the infrastructure bonds were approved, the City of Atlanta has completed extensive planning work and preparation to execute on multiple projects across all three rounds of work in the five-year program, including traffic signal synchronization.
As the infrastructure program moves forward into construction on projects like the new Martin Luther King, Jr. Natatorium in the Historic Old Fourth Ward neighborhood, visitors to the website can track progress and spending. In addition, the website will host information about upcoming public meetings for those projects requiring additional research and planning, such as the proposed changes to Dekalb Avenue. Residents are invited to share their thoughts on the new website and the Renew Atlanta program through the site’s feedback page.
The City of Atlanta borrowed $250 million in bond funds earlier this year, after Atlanta voters overwhelmingly approved two ballot questions. The bonds will be repaid through cost savings identified by the Mayor’s Blue Ribbon Commission on Waste & Efficiency in Government, a panel made up of business leaders, union representatives and elected officials. The City was able to borrow these funds at historically low interest rates due to its financial stability and strong credit ratings. The bonds will have no impact on property taxes for Atlanta residents.
For more information about the City of Atlanta, please visit http://www.atlantaga.gov or watch City Channel 26. Follow the City of Atlanta on Facebook and Twitter @CityofAtlanta. Follow Mayor Reed on Facebook and Twitter @Kasim Reed
Jenna Garland, Press Secretary
Anne Torres, Director