Tyler Perry to receive $35.3 million in bonds to keep jets at Cobb airport

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Movie mogul Tyler Perry will get $35.3 million in bonds and a 10-year tax abatement to store his private jets at Cobb County International Airport-McCollum field, the Marietta Daily Journal reports.

Perry has a 70-seat Lineage jet, a 14-set Gulfstream G-5 and an eight-seat Embraer Phenom 100.

The bonds will be used to refinance Perry's lineage jet.

According to a fiscal impact analysis by Georgia Tech, Cobb's school district could collect $730,000 in tax revenue from the plane and the county could collect $400,000. The planes could also provide $112,000 in tax revenue for the county.

The Development Authority of Cobb County nicknamed the bond and request "Project Meatloaf."

More at the Marietta Daily Journal here.


Cobb County International Airport - McCollum Field

Cobb County International Airport

McCollum Field is owned by Cobb County, operated by the County Department of Transportation characterizing it as a municipal airport. It is managed by a full-time, professional airport manager. The airport employs almost 185 people, and had an annual economic impact of more than $47 million to the local economy in 2002.

1723 McCollum Pkwy NW, Kennesaw, GA 30144