EPA SIGNS FIRST REGULATORY REINVENTION AGREEMENT FOR A MAJOR URBAN REDEVELOPMENT INITIATIVE

["cpeo@cpeo.org" <cpeo@cpeo.org>]

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 Administration’s 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 site’s location and design are expected to reduce growth
of auto traffic and cut back on regional sprawl.