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Old 03-03-2015, 11:28 AM
 
Location: O4W
3,744 posts, read 3,694,053 times
Reputation: 2058

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They want to leave b4 the Smyrna Braves traffic begins
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Old 03-03-2015, 06:27 PM
 
221 posts, read 186,155 times
Reputation: 326
Approved. 6-0. Hypocrites.

Home Depot gets $200 million from Cobb County - Atlanta Business Chronicle
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Old 03-03-2015, 06:29 PM
 
Location: North Atlanta
5,404 posts, read 3,805,025 times
Reputation: 2968
Quote:
Originally Posted by TripTychTwo View Post
Did you honestly expect anything else?
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Old 03-04-2015, 05:07 AM
 
Location: O4W
3,744 posts, read 3,694,053 times
Reputation: 2058
Quote:
Originally Posted by TripTychTwo View Post
They are some ________ idiots
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Old 03-04-2015, 08:45 AM
 
Location: Orange Blossom Trail
6,416 posts, read 4,806,917 times
Reputation: 2635
Quote:
Originally Posted by afdinatl View Post
They are some ________ idiots
Who Cobb or HD?
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Old 03-04-2015, 02:02 PM
 
5,102 posts, read 5,963,378 times
Reputation: 3116
Quote:
Home Depot should build a super tower and move to Midtown.
They are the last company that would ever do that. Won't. Ever. Happen.

In any case, always amusing to see the "free market" wingnuts here w h o r e themselves with our money.
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Old 03-04-2015, 06:50 PM
 
Location: Home of the Braves
1,164 posts, read 962,495 times
Reputation: 1149
The poor quality of reporting on this is breathtaking. Cobb County is not "giving The Home Depot $200 million." These are industrial development revenue bonds. The Home Depot is borrowing the money. Sometimes a municipality, county or state will issue such bonds directly and sometimes they'll just facilitate or sponsor the issue through financial institutions. Among other advantages to the company, municipal sponsorship makes the bonds tax exempt. You can look here or look it up Wikipedia or Investopedia, if you like.

Quote:
The DACC assists prospective relocating or expanding companies that meet certain criteria by serving as a financing conduit that issues Industrial Development Revenue Bonds that help companies borrow money from traditional lending institutions to finance their relocation or expansion costs. Since these loans and/or bonds are held by qualified financial institutions, those institutions have the financial risks in these projects and not the Development Authority or the County. Therefore, no county taxpayer dollars are involved in the issuance of these bonds. Having this capability is critical as it reduces the cost of project financing for the company.
The Home Depot is getting tax advantages and help from the county in securing financing. Cobb County taxpayers are not handing them free money. In return, The Home Depot has agreed to spend the $200 million in borrowed money in Cobb County.
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Old 03-05-2015, 05:49 AM
 
Location: Johns Creek, GA
1,999 posts, read 2,130,114 times
Reputation: 2260
Sounds like free money to me. My guess is that they smelled the blood in the water with the Braves deal.

Isn't the Weather channel in Cobb Co and about to move?
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Old 03-05-2015, 06:08 AM
 
559 posts, read 659,339 times
Reputation: 512
Quote:
Originally Posted by Cameron H View Post
The poor quality of reporting on this is breathtaking. Cobb County is not "giving The Home Depot $200 million." These are industrial development revenue bonds. The Home Depot is borrowing the money. Sometimes a municipality, county or state will issue such bonds directly and sometimes they'll just facilitate or sponsor the issue through financial institutions. Among other advantages to the company, municipal sponsorship makes the bonds tax exempt. You can look here or look it up Wikipedia or Investopedia, if you like.



The Home Depot is getting tax advantages and help from the county in securing financing. Cobb County taxpayers are not handing them free money. In return, The Home Depot has agreed to spend the $200 million in borrowed money in Cobb County.

Thank you for posting something actually factual on this. The MDJ and AJC minions are desperate for attention and nothing gets the attention of unintelligent readers more than "corporation gets taxpayer money."

It's comical that so many people actually think there is a board of 6 county leaders that decide, "yeah, let's take $200 million from school kids/teachers and give it to a corporation so they will remodel an IT facility."

Independent thought and economic literacy are truly dead.
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Old 03-05-2015, 06:14 AM
 
559 posts, read 659,339 times
Reputation: 512
Quote:
Originally Posted by Tarzanman View Post
Sounds like free money to me. My guess is that they smelled the blood in the water with the Braves deal.

Isn't the Weather channel in Cobb Co and about to move?

Yes, the Weather Channel is located in Cobb, just across 75 from the new stadium. And no, they are not moving.

Newsflash - ALL corporations try to get tax breaks from municipalities. Do think Mercedes is moving from NJ to north Fulton because of southern hospitality?
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