Augusta approves industrial revenue bonds, tax-abatement deal for Country Club Towers rehab The Augusta City Council approved Ordinance No. 2259 authorizing taxable industrial revenue bonds totaling $5.755 million for Country Club Towers LLC and a 10-year payment-in-lieu-of-taxes set at $21,085 per year, after a required public hearing and updated cost-benefit analysis showing a 2.21 benefit-cost ratio.

The Augusta City Council has greenlit a $5.75 million bond deal to revitalize Country Club Towers, promising a public benefit of $2.21 for every dollar invested!

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