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Athens council approves Olive Garden sales-tax incentive amid public concern
Summary
Athens City Council on a 3–1 vote approved a package authorizing the mayor to pay Olive Garden Holdings LLC up to $600,000 in local sales-tax proceeds in arrears over as many as six years, a move the city says will help attract a restaurant expected to create about 80 jobs and $6.5 million in private investment.
Athens City Council on a 3–1 vote approved a resolution and an implementing ordinance allowing the mayor to pay back to Olive Garden Holdings LLC 100% of the city sales-tax proceeds the city actually receives from the restaurant in arrears for up to six years or until $600,000 has been paid to the company.
The council’s resolution (item T) described the project as expected to create approximately 80 jobs, involve about $6.5 million in private investment and generate roughly $4.5 million in annual taxable sales. The…
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