The board of directors for Invest Atlanta approved the fiscal year 2017 budget for Atlanta BeltLine, Inc. on Thursday morning.
The Invest Atlanta board approved the budget without making any changes, according to Ericka Davis, spokesperson for ABI.
The ABI board approved a revised budget on Sept. 7 that includes plans to issue three series of bonds, including $40 million for capital projects, $20 million for debt repayment, $7.5 million for affordable housing and $2.5 million for economic development.
Invest Atlanta, Atlanta’s economic development authority, has to give final approval to the ABI budget.
The revised projected budget for fiscal year 2017 is $69.6 million. Of that, the largest amount – $26.6 million – will be spent on parks and trails. ABI plans to spend $24.7 million on real estate asset management and $7.1 million on transit and transportation. The next largest expenditure is for salaries and benefits, coming in at $5.8 million.