ATLANTA-$27 million may not seem much when 25 communities have to share the pool, but local government leaders, nevertheless, are pleased with the annual grants being distributed this week from the federal transportation agency, according to the Atlanta Regional Commission, which hands out the money.

The total amount averages $1.08 million per community. MARTA station areas won 20% of the funds that will help metro Atlanta communities to create active retail, commercial and multifamily ventures in blighted corridors.

Decatur, GA in DeKalb County won the largest grant, with $3 million. The money will be used to build a new parking deck. Apartments, condos and commercial space will be developed on the surface parking lot now being used by the city.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.