Marietta Apartments: Good News from the Stimulus Package

Realtors, investors and developers are already making plans to put the Obama administrations stimulus package to good use. Of course, the real estate market is both one of the main sources of our current crisis, but it also suffering greatly and needs fast help to turn around.

In Atlanta, one the countrys hardest hit areas in terms of economic downturn, public officials and developers are working together to create new projects. Some of the projects update existing structures. Others create new ones. But no matter the project, the fact that people are working is good news.

The Atlanta Journal Constitution recently ran an article that discussed the situation.

Agencies within Marietta have asked for $8.3 million to finance 19 projects, which they say would bring 162 jobs. The city wants to widen 1,500 feet of busy Roswell Street between Olive and Fairground streets. Other projects range from wireless access and solar panels at city schools to road, sidewalk and water-sewer improvements. These projects were already part of the citys capital improvements list, said Marietta spokesman Matthew Daily. If theyre approved now, it would just allow us to move forward with them at a quicker pace, he said.

Elsewhere, Athens wants $82.7 million to, among dozens of projects, renovate its police headquarters, replace the jails roof and create a $16 million library expansion. It estimates the work would create more than 1,200 jobs.

In Atlanta, Franklin said federal money would not be used to fill holes in the city budget, at least not when it comes to general operating expenses. But some could be used to address needs.

Public safety projects would be high on her priority list, the mayor said. Her request includes $20 million to hire 200 cops.

Each project on the citys list fits into one of dozens of funding categories expected to be included in the final version of the bill, which could be approved as early as next week. The legislation is likely to include various pots of money for infrastructure, energy, health care, education, tax cuts and more. The money, too, would be doled out through existing programs and formulas across several different federal agencies. Some will go directly to states; some to cities and some to school districts.

 

Marietta is located just outside of the citys center. It has plenty of attractions, plus easy access to downtown Atlanta. If you are looking to rent in Marietta, visit ProMove. They offer free services to their clients.