Aerotropolis Atlanta Community Improvement Districts (CIDs), Georgia Transportation Infrastructure Bank (GTIB) Loan Implications Analysis, July – September 2018.
As the prime consultant, Modern Mobility Partners conducted an analysis to determine if it would be cost-effective to get a Georgia Transportation Infrastructure Bank (GTIB) loan to fund all or a portion of the Camp Creek Parkway and/or Virginia Avenue corridor enhancements. Specifically, Modern Mobility Partners:
- Reviewed the Georgia State Road and Tollway Authority’s (SRTA) updated GTIB loan terms as of 2018;
- Calculated project cost savings due to advancing construction and economies of scale when constructing adjacent segments at one time; and
- Calculated loan costs (interest) based on 5- and 10-year loan terms and determined if there were any cash flow implications.
The final recommendations were to proceed with a 5-year GTIB loan for all three segments of Camp Creek Parkway, which will allow the AACIDs to complete construction of all three segments by the end of 2026, approximately 6 years ahead of the CIP schedule.