$5 billion proposal aims to save ATL banks, build parks

Just in time for the nation’s next likely financial crisis -- an implosion of the commercial real estate market -- comes an audacious plan to rid local metro Atlanta banks of problem loans and, in the process, add thousands of acres of parkland.

Distressed communities would be revitalized. Tight-fisted banks, eased of troubled assets, would start loaning money to jump-start the economy. And, best of all, the Obama administration would pick up the tab.

The newly formed Red Fields to Green Fields Atlanta Inc., the nation’s first not-for-profit organization aiming for stimulus money to clean up banks and blighted neighborhoods, is seeking $5 billion for the metro area...