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Alpharetta authority approves bond inducement for Equifax expansion, pledges 10-year abatement for one building
Summary
The Development Authority of Alpharetta voted unanimously to adopt a bond inducement resolution allowing Equifax to convert a 65,000-square-foot third floor from a data center to corporate office use, supporting an estimated 244 new jobs and a Fulton County 10‑year property tax abatement limited to the renovated building.
The Development Authority of Alpharetta on Wednesday unanimously approved a bond inducement resolution for Equifax Inc. that would support conversion of approximately 65,000 square feet on the third floor of a campus building at 1505 Windward Concourse into office space for the company’s technology team.
The inducement would limit tax-incentive treatment to the renovated three‑story building after Equifax subdivides its 17‑acre campus into separate tax parcels; the authority and the company intend to leave the garage and larger existing building on a separate parcel, according to staff and counsel. The authority’s action authorizes staff to return later with final bond documents and bond closing steps.
The inducement matters because it is intended to promote local employment and property tax growth: staff said the project is expected to create 244 new…
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