Editorial
The Arthur M. Blank Family Foundation last week opened its checkbook
and
gave the city of Atlanta another 2.5 million reasons to proceed with
the
proposed Belt Line, an intown transit project that continues to show
promise. The eponymous foundation established by the Home Depot
co-founder and Atlanta Falcons owner will provide an initial $1.15
million gift to the Trust for Public Land, a nonprofit conservation
group. The organization recently completed a report touting the Belt
Line as a possible catalyst for adding more than 1,400 acres of new and
expanded parks to the city's meager greenspace inventory. The
foundation
also set aside $1.35 million in the form of a challenge grant that will
be paid when an additional $5 million is raised from other sources in
support of the Belt Line.
The Belt Line has the potential to be more than just another
run-of-the-mill transportation project, but instead a development tool
that could help attract new housing, retail and recreational facilities
along a 22-mile route that traverses more than 40 neighborhoods. The
line would conceivably run on mostly unused rail tracks already
encircling the city.
The $2.5 million gift is the latest evidence that this largely public
initiative is picking up momentum. Developer Wayne Mason has already
plunked down $25 million for a 4.6 acre rail artery owned by Norfolk
Southern Railroad.
Boosters of the Belt Line are still facing a steep uphill climb; the
Georgia Department of Transportation wants to reserve part of the line
it controls for future commuter rail, and CSX railroad is running
hundreds of freight rail cars daily on a key part of the proposed loop
in northwest Atlanta.
While the Blank Foundation's timely gift won't be enough to overcome
those obstacles, it will certainly help to keep the Belt Line chugging
along on the right track.