Economic study praises Peachtree Creek Greenway’s impact

A runner on the Peachtree Creek Greenway Photo archive A new economic assessment by the Peachtree Creek Greenway contends the paved path along Nancy Creek in Brookhaven is an economic driver that is increasing property value generating tax revenue and supporting job creation The evaluation ascertained that for every dollar invested the greenway will generate in statewide economic impact It s a return that includes construction spending increased property values and new retail activity like that will be generated through the progress of Corporate Square Located in Brookhaven the greenway is a paved trail that will stretch miles from Chamblee to Atlanta s Beltline when completed Phase I which runs from Briarcliff Road to North Druid Hills Road was completed in December Phase II is under construction now stretching from North Druid Hills Road to the Atlanta city limit It is expected to cost - million and is primarily being funded by federal dollars through the Atlanta Regional Commission In April Brookhaven City Council approved a motion to decline federal funds for Phase III of the greenway opting instead to use local funding At the time Mayor John Park mentioned the city will do it faster and we re going to save taxpayer dollars Now a preliminary design is in the works to extend the existing trail eastward from Briarwood Road to the City of Chamblee limits Also in the works a pedestrian bridge that will connect Emory University s Executive Park to the greenway The City of Brookhaven unveiled a new athletic field on May with a celebration of city council members and Cross Keys High School soccer players Located near the Masses Safety Building the new soccer field is suitable for up to soccer matches Council member John Funny declared the field is another great addition to the PCG reflecting our commitment to creating safe spaces for communities to gather and connect On May Brookhaven city executives unveiled a soccer field on the Peachtree Creek Greenway Photo courtesy of the City of Brookhaven Within years of the complete build-out the greenway is projected to increase property values by million The survey estimates that property values along the greenway will rise by percent generating an estimated million in new property tax revenue In addition the greenway will create permanent jobs and temporary construction jobs supporting employment in retail tourism hospitality and construction This is a transformational project for the entire region commented Mary Howell PCGI s board chair The post Economic inquiry praises Peachtree Creek Greenway s impact appeared first on Rough Draft Atlanta