Georgia Asian Times
March 3, 2021
Lawrenceville, March 2, 2021 – After Gwinnett County Government’s rare Triple AAA/Aaa bond rating was reaffirmed, the Board of Commissioners on Tuesday gave final approval for the issuance of $23.5 million in bonds to buy 39 acres of Gwinnett Place Mall as part of a major initiative to redevelop one of the key economic engines of the county.
The solid bond rating, reaffirmed in February by the three major rating firms, assures investors the 20-year revenue bonds are sound, and enables the county to issue debt at a favorable interest rate.
The purchase is part of an effort by the County government, the Gwinnett Place Community Improvement District and local property owners to create new opportunities to serve as a catalyst for redevelopment in the area.