The Cobb County Board of Commissioners agreed Oct. 24 to allow the Development Authority of Cobb County to issue $62.7 million in revenue bonds to finance facilities of the new Georgia Tech Cobb Research Campus near Lockheed Martin.
These bonds will not be paid from taxes but by the authority only from amounts to be provided by Georgia Tech.
The tax-exempt revenue bonds will pay for the acquisition, renovation, construction and equipping of facilities at 2001 Dixie Ave. SE in unincorporated Cobb County.
This property includes 32 acres and four buildings - comprised of about 755,000 square feet - that will provide research space for Georgia Tech and its affiliated entities.
That includes Georgia Advanced Technology Ventures Inc., a Georgia nonprofit corporation.
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