State Infrasructure Bank

The Georgia Transportation Infrastructure Bank distributed the first round of grants to area Community Improvement Districts on June 30th.  The GTIB was established by the State Legislature in 2008 as a way for local government entities to access low interest loans from a revolving fund.  In addition to the 33 million available as loans, SRTA annoucned that grants were issued to Metro area CIDs, most of which are partners with the Council for Quality Growth.  These CIDs will use these funds, along with existing funds to imrpove traffic congestion and walkability in their respective areas.

First round of GTIB Grants

  • $1.75 million to the Buckhead CID for improvements along Peachtree Road
  • $1.75 million to the Town Center CID in Cobb County to restructure portions of Big Shanty Road
  • $1.5 million to the Gwinnett Village CID for improvements along the Jimmy Carter Boulevard corridor
  • $1.5 million to the South Fulton CID to widen Oakley Industrial Boulevard
  • $1.49 million to the Downtown Atlanta Improvement District for traffic signal upgrades
  • $800,000 to the Perimeter CIDs to improve the interchange of Interstate 285 and Ashford Dunwoody Road
  • $763,961 to the Evermore CID in Gwinnett County to build a two-lane road parallel to U.S. 78 as an alternative to provide congestion relief
  • $445,039 to the Cumberland CID in Cobb County for improvements along Cumberland Parkway