Renew Atlanta Bond and TSPLOST will be the industry capital program delivery standard of excellence with consistent high quality and value that delivers innovation, sustainability and equity to our community.
Renew Atlanta is an infrastructure improvement program for the City of Atlanta, Georgia. This $250 million program—the first major investment in Atlanta’s above-ground infrastructure in more than a decade —is a first step toward resolving an infrastructure repair backlog of more than $900 million. The Renew Atlanta infrastructure bond program was developed through years of research and more than 100 public meetings with extensive community input. The program will fix roads and bridges, build more than 30 miles of complete streets projects and bicycle lanes, and will synchronize Atlanta’s traffic signals for the first time.
Mayor Kasim Reed and the Atlanta City Council worked together to develop this program, which will address Atlanta’s most critical needs first through $250 million in funds from general obligation bonds. These bond dollars will allow the City to make urgent repairs to Atlanta’s infrastructure without raising property taxes.
Voters overwhelmingly approved the infrastructure bond program through two ballot questions in a special election held on March 17, 2015– with 88% in favor of transportation improvements and 85% for municipal facilities upgrades.
Renew Atlanta will:
- Replace street lights to make neighborhoods safer;
- Repair and replace bridges to connect communities;
- Synchronize traffic lights to make commutes easier and reduce congestion;
- Install bike lanes and Complete Streets projects for more transportation options;
- Build and repair sidewalks, curbs, and Americans with Disabilities Act (ADA) ramps for better mobility; and
- Upgrade public facilities, improve our parks and recreation areas and public art.
Because of Atlanta’s strong credit rating—the best in 12 years—the City can borrow at a lower interest rate. Over the course of two decades, the City will repay the bonds with approximately $20 million in annual cost savings identified by the Mayor’s Blue Ribbon Commission on Waste & Efficiency.
An improved infrastructure means a better quality of life and more jobs, economic development, healthier families, and greater public safety. Residents also can more easily get to hospitals, education centers, shopping and entertainment districts with a reliable infrastructure.
City of Atlanta TSPLOST
On November 8, 2016, Atlanta voters approved two ballot referenda authorizing investment in transit and transportation infrastructure: the City of Atlanta TSPLOST (Transportation Special Purpose Local Option Sales Tax) passed by 68% and the MARTA (Metropolitan Atlanta Rapid Transit Authority) expansion passed by 71%.
The TSPLOST took effect on April 1, 2017, and will generate approximately $300 million over a five-year period to fund significant and expansive transportation projects citywide. The TSPLOST adds four-tenths of a penny in sales tax, or an additional 4 cents on a $10 purchase.
MARTA’s new half-penny sales tax for transit expansion and enhancements in the City of Atlanta took effect on March 1, 2017. Over a period of forty years, this half-penny sales tax will generate an estimated $2.6 billion, allowing MARTA to make major investments in transit infrastructure, including introducing high-capacity rail improvements, building new infill rail stations within the City, purchasing new buses, adding more frequent service, and introducing new bus routes. For more information about the MARTA sales tax proposal, visit the MARTA website.
The two programs will implement high priority projects from the Connect Atlanta Plan (the City’s comprehensive transportation plan), the Atlanta Streetcar System Plan, Concept 3 (the Atlanta region’s transit plan), and more than a dozen neighborhood and community plans that have been adopted in the last six years, and features projects in nearly all of the city’s commercial districts, including:
- $66 million for the Atlanta BeltLine, which will allow the BeltLine to purchase all the remaining right of way to close the 22-mile loop;
- $75 million for 15 complete streets projects;
- $3 million for Phase 2 of the Atlanta Bike Share program;
- $69 million for pedestrian improvements in sidewalks; and
- $40 million for traffic signal optimization.
In addition, the projects include high priority sidewalk and bikeway projects connecting our neighborhoods to 80 Atlanta Public Schools and all of Atlanta’s rail stations. Click here for the TSPLOST fact sheet.