Some projects have included academic and research facilities at Emory; the football field, admissions and welcome center on Mercer’s Macon campus and campus facilities on SCAD’s Atlanta and Savannah campuses.
“Without the PCUA, these institutions would be forced to access the capital markets on a taxable basis or through local development authorities, which would result in increased interest cost or transaction costs to these institutions,” the lawsuit complaint says.
Attorneys at the Alston & Bird law firm, which is representing the authority, declined comment. A spokeswoman for the attorney general’s office also declined comment. Both sides said they don’t discuss pending litigation.