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| Walton Building, Downtown Atlanta, GA |
ATLANTA (July 18, 2013) –
The Invest Atlanta board approved Thursday $1.26 million in Westside Tax
Allocation District (TAD) tax increment funding for energy-efficient upgrades
at The Walton Building, which is being redeveloped into a 110-room
hotel.
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| President Barack Obama |
The nine-story building, currently operating as a
residential hotel and located in the Fairlie-Poplar Historic District, will
participate in the Atlanta Better Buildings Challenge, launched in 2011 as part
of a national initiative by President Barack Obama to make the nation’s
commercial buildings 20 percent more energy efficient by 2020.
The Walton Building is one of four Westside TAD properties
selected by Invest Atlanta to receive an energy audit, and its owners
are the first to seek funding for upgrades under this new initiative.
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| Mayor Kasim Reed |
“Creating a more sustainable city is a top priority of my
Administration, and we are pleased to support commercial property developers
who are committed to making their buildings as energy efficient as possible,”
said Mayor Kasim Reed, who chairs the Invest Atlanta board.
“The Atlanta Better Buildings Challenge has ambitious goals,
and investing in these upgrades is a vital part of how we can successfully
reduce water and energy consumption.”
The TAD funds will pay for part of a $3.1 million
energy-efficiency project that includes window replacement and insulation,
high-efficiency heating and air conditioning, lighting with occupancy sensors
and laundry water recycling.
For a complete copy of the company’s news release, please
contact:
Tony Wilbert
The Wilbert Group
404.405.3656
