Ichter Prevails in $150 Million Bond Validation
On October 2, 2014, Cary Ichter represented the Development Authority of Fulton County in a bond validation hearing at which a transaction involving $150 million of bond financing for Three Alliance Buckhead, L.P was approved. The project involves the acquisition, construction and equipping 12,000 square feet of retail space and 490,000 square feet of office space. It is estimated that the project will generate approximately 90 new full-time permanent jobs, 10 part-time permanent jobs and 100 construction jobs.
Mr. Ichter has been involved in the validation of nearly $4.2 billion of development bond transactions since 2010. Most of those validation proceedings have been contested. None of the contests has succeeded. “I am very pleased whenever we are able to get one of these transactions validated and confirmed,” said Mr. Ichter. “We should be doing everything we can to promote economic development and the creation of jobs in Fulton County. It is always nice to win a case, but it is even better to participate in facilitating projects that create jobs, opportunities and prosperity in our community.”
For more information about municipal finance litigation or the commercial litigation practice at Ichter Davis LLC, call Cary Ichter at 404-869-7600.