$1.9 Billion Public Financing Plan for Atlanta Mega-Project Headed to Appeal
"A dispute over a blockbuster incentive package for downtown Atlanta’s Gulch project could be headed back to court," reports J. Scott Trubey.
The Gulch project, when complete, will be known as Centennial Yards.
"A lawyer for Redlight the Gulch, a group opposed to the up to $1.9 billion in public financing for the project, filed notice on Wednesday that it will appeal a recent judge’s decision to approve part of the agreement," according to Trubey.
"In June, Fulton County Superior Court Chief Judge Robert McBurney issued a ruling that paved the way for the city to issue bonds to be repaid by future sales tax revenue," according to Trubey.
The taxing and funding mechanism is known as an Enterprise Zone, and it's the first of its kind in Atlanta, as detailed in an article by Trubey from October 2018.