Opening the morning plenary session at the 17th Annual Parks and Greenspace Conference on Monday, March 26, Mayor Keisha Lance Bottoms made an exciting announcement:
Quoting from a press release issued by Atlanta’s Department of Watershed Management, “the City will be the first municipality in the country to be awarded a publicly-offered Environmental Impact Bond (EIB) for green infrastructure projects. Through a creative financing opportunity won by the Department of Watershed Management (DWM), funding will support the improvement of resilience projects in Westside neighborhoods prone to flooding.”
The release continues: “Eight green infrastructure projects were proposed for funding at an estimated cost of $12.9 million. Projects will impact communities in the Procter Creek Watershed area located on Atlanta’s westside, which includes, Vine City, English Avenue, Mozley Park, Grove Park and the Bankhead/Hollowell corridor.”
Read the full press release on the Department of Watershed Management’s website.