The Atlanta BeltLine Partnership announced Friday it will receive a generous grant from the Woodruff Foundation to support the Atlanta BeltLine project's expansion, specifically the development of the Gateway connecting the Eastside Trail to Historic Fourth Ward Park.
The $3 million dollar grant will also support the development of the portion of the Eastside Trail through Reynoldstown; design for this trail segment will begin by the end of the year.
With this contribution, private sector investment in the project now exceeds $41 million.
"The Atlanta BeltLine is a critical priority for the City of Atlanta, and the private sector has been a tremendous partner in its accelerated progress over the last several years," Atlanta Mayor Kasim Reed said in a news release. "I applaud the Woodruff Foundation for their generous gift and confidence in the Atlanta BeltLine’s ability to connect communities, revitalize neighborhoods and redevelop entire areas of Atlanta.
"This ambitious project is a national model for other cities to follow and is transforming the way we move around Atlanta. I am hopeful that this private funding will spur others in our city’s vibrant corporate community to help out financially as well.”
The Robert W. Woodruff Foundation, Inc. is an independent private foundation with a broad charter to support charitable, scientific, and educational activities. It is headquartered in Midtown at 191 Peachtree Street.
Robert Woodruff assumed leadership of The Coca-Cola Company in 1923 and guided it until his death in 1985. In 1937 he incorporated the Trebor Foundation, which was renamed the Robert W. Woodruff Foundation following his death. The Foundation received funds from the estate of Mr. Woodruff's wife, Nell Hodgson Woodruff, who died in 1968, and from Mr. Woodruff's estate. The Woodruffs had no children.
Added BeltLine Partnership Executive Director Valarie Wilson, "The Woodruff Foundation's investment in the Atlanta BeltLine is a testimony to the value it sees in the development of what is Atlanta's most ambitious economic redevelopment project. We are so grateful for the incredible support the private sector has continued to lend to enable this transformative project to fulfill its vision of a healthier city."