Smart growth also challenges assumptions about obtaining financing in phases, and completing a development in stages. Because smart growth is founded on the interplay between office, residential and retail uses, it works against piecemeal completion of a development project. This means phased financing isn't nearly as suitable for smart-growth development. For smart growth to work, you've got to deliver the components all at once. Financing is locked in for some components, but not all of them, Miller said.
Developers seem determined to ride out any lending complexities associated with smart growth.
But the added benefit to the community and tenants ultimately outweigh the complications up front. The success of smart growth is crucial for Atlanta on many levels, Leithead said. I think the lending community in Atlanta is very aware of the fact that smart growth is here to stay. Earliest info on new businesses, homeowners Sales Prospecting Center Real info, real opportunities. HireAtlanta Fill an opening, find a job Internet Directory Local businesses on the web Legal Center Hundreds of business legal tools Office Products Special deals on equipment, supplies.