A Greenbelt Project's Impacts over Space and Time
This chapter presents a case study of a brownfield-to-greenfield project in Atlanta, Georgia, known as the BeltLine. Because the project provides desirable amenities such as greenspace, it might be expected to cause gentrification, including price increases. However, this chapter cautions against jumping to this conclusion, pointing out that projects like the BeltLine also encumber future residents with debt. When such projects are financed locally in this way rather than from outside, there is less scope for gentrification. The discussion suggests that the project frees up land for development and changes zoning laws to allow denser development in the area. This supply effect might offset the demand effect driven by the amenities.
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