You have reached your limit of free articles this month.

Enjoy unlimited access to myAJC.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and bonus content- exclusively for subscribers. Starting at just 99¢ for 8 weeks

X

Welcome to myAJC.com

This subscriber-only site gives you exclusive access to breaking news, in-depth coverage, exclusive interactives and bonus content.

You can read free articles of your choice a month that are only available on myAJC.com.

Warehouse approved in South Cobb with incentives


The Cobb County Board of Commissioners voted 5-0 Tuesday to rezone undeveloped property from residential to light industrial for Core5 Logistics Center on the south side of both Hartman and Factory Shoals Roads.

Last month, the commissioners agreed to give Core5 an estimated $1.55 million in Cobb County Enterprise Zone incentives to open this warehouse facility for Project Steady, a beverage distributor.

In the Six Flags Special Services District, Core5 still will pay 3.5 mills — as do all property owners in this district — for infrastructure and landscaping.

However, Core5 will not have to pay any other taxes through the Payment In Lieu of Taxes (PILOT) agreement with the Cobb County Board of Tax Assessors.

Also, Core5’s building permit fee will be capped at no more than $5,000.

Estimated total savings for Core5 Logistics Center will be around $1.55 million during the incentive period.

In exchange, the projected positive economic impact to Cobb County from this development should be $1.75 million.

Core 5 Logistics Center is proposing to build a 650,000-square-foot warehouse/distribution facility that will be occupied by Project Steady, resulting in the creation of around 400 new jobs and an anticipated payroll of $26.4 million.

Including construction, Core5’s total investment will be about $35 million.

Project Steady will make an additional investment of $20 million to include machinery and equipment.

If the jobs or investments are not met throughout the entire incentive period, Core5 will be required to pay back the full value of all incentives received under the Enterprise Zone Program.

Information: c5ip.com/current-projects.


Reader Comments ...


Next Up in Local

Atlanta forecast: Cool and dry weather ahead
Atlanta forecast: Cool and dry weather ahead
Georgia Republicans warn against Electoral College overhaul
Hillary Clinton and Donald Trump. Chip Somodevilla/Getty Images As Capitol Hill Democrats push to overhaul or do away with the Electoral College, some Georgia Republicans are sending a signal that the debate will go nowhere in the Peach State.
Driver dies after Maserati crashes into home
Driver dies after Maserati crashes into home
Bill Torpy at large: Street giveaway is as transparent as asphalt
Bill Torpy at large: Street giveaway is as transparent as asphalt
Off-duty Muslim NYPD officer allegedly threatened by man
Off-duty Muslim NYPD officer allegedly threatened by man
An off-duty New York Police Department officer who is a Muslim was allegedly threatened by a man Saturday after dropping off her son.
More Stories