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.