• Moody's warns of negative consequences of cityhood for Eagles Landing

    7 monthes ago - By Biz Journals

    Creating a new city of Eagles Landing south of Atlanta out of portions of the existing city of Stockbridge would hurt Stockbridge's credit rating by reducing its tax base, Moody's reported Monday.
    In its new Credit Outlook, the ratings agency warns Stockbridge likely would be on the hook for $13 million in urban and redevelopment revenue bonds financed through private loans held by Capital One, and for another $1.5 million in outstanding water and sewer revenue bonds issued through the Georgia Environmental...
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