Mayor Bottoms Announces Environmental Impact Bond Award at the Parks and Greenspace Conference

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.

 

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