Atlanta City Council Monday approved the purchase of a 3-acre area at Piedmont and Monroe Avenues to expand Piedmont Park and the Atlanta Botanical Garden, according to Saporta Report.
The Midtown land will cost $20.4 million which is expected to generate revenue for the City initially through the commercial businesses situated on that corner—until the entire south corner is acquired by the City.
Funding for the purchase will come from TSPLOST, the Beltline, and “impact fees.”
Expanding Piedmont Park and Atlanta Botanical Garden—announced in 2017 by then-Mayor Kasim Reed—is expected to cost $100 million total, $80 million of which will be paid through philanthropies and businesses.
The idea of a Piedmont Park and Atlanta Botanical Garden expansion was announced by then-Mayor Kasim Reed in late 2017. He said that the total cost of the expansion would be $100 million and that philanthropies and businesses would pay $80 million of that.