|Date:||Thu, 9 Sep 1999 15:41:50 -0700 (PDT)|
|Subject:||EPA SIGNS FIRST REGULATORY REINVENTION AGREEMENT FOR A MAJOR URBAN REDEVELOPMENT INITIATIVE|
To read the complete press release go to: http://www.epa.gov/region4/oeapages/99press/090799.htm September 7, 1999 EPA SIGNS FIRST REGULATORY REINVENTION AGREEMENT FOR A MAJOR URBAN REDEVELOPMENT INITIATIVE (excerpts) Carl Terry, Reg. 4 Media Relations: 404-562-8421 Luke Hester, EPA Headquarters: 202-260-1383 Kim Rubey, EPA Press Secretary: 202-260-4388 The U.S. Environmental Protection Agency and Jacoby Development, Inc. today signed an unprecedented agreement for a new multi-use, urban revitalization development at the former Atlantic Steel site in downtown Atlanta. This is the first major urban redevelopment project in the nation to be approved under Project XL, part of the Clinton/Gore Administrationís programs for regulatory reinvention and improved livability. It is expected to help reduce future problems associated with both growing urban sprawl and air pollution. The new redevelopment will transform a former steel mill into a 138-acre mix of residential, shopping and other commercial uses -- one of the largest urban redevelopment initiatives in the country. A key element of the effort is a multi-purpose bridge that will serve cars, pedestrians and eventually rail vehicles and connect to the adjacent highway (Interstate 75/85) and a nearby mass transit (MARTA) station. Because Atlanta does not meet federal clean air standards, funding for new highway projects like the bridge could not be allowed without the flexibility provided under Project XL. EPA believes that the redevelopment of the site and the new bridge will produce less air pollution than an equivalent amount of development at other sites. The siteís location and design are expected to reduce growth of auto traffic and cut back on regional sprawl.
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