Gov. Nathan Deal Tuesday announced the State Road and Tollway Authority awarded about $18.1 million in funding for 19 transportation infrastructure projects across the state through the Georgia Transportation Infrastructure Bank, including $600,000 the Buckhead Community Improvement District (CID) for its Park Over Georgia 400 project.
“Here in the No. 1 state for business, we continue to make strides to keep up with and plan for Georgia’s future growth,” Deal said in a news release. “The (bank) program provides valuable resources to improve mobility in local communities while also strengthening Georgia’s transportation network. By awarding grants and loans to local governments and community improvement districts, (the bank) helps to maintain our roads and bridges, improve congestion and accommodate the movement of freight traffic. The innovative transportation initiatives receiving these funds will benefit local communities for years to come and reinforce Georgia’s reputation as a top destination for businesses and job creators.”
Since its inception in 2009, the bank program has awarded more than $124 million in grants and loans to highly competitive transportation projects to enhance mobility in local communities throughout Georgia.
The authority received 32 applications from eligible local government entities in Georgia, including community improvement districts (CIDs). Funds distributed by the bank must be used for capital expenses related to road and bridge infrastructure work.
The Buckhead CID will use the funds to construct new bike and pedestrian bridges to provide better access to MARTA and within the core of its area to address the current lack of connectivity resulting from the construction of 400 and the design of Lenox Road proximal to the 400 interchange. The infrastructure will also make it possible to create a park and gathering place above 400 and the Buckhead MARTA station. The project will improve multimodal connectivity and transit usage.