Papa John’s will open a new headquarters in The Battery Atlanta, the development owned by the Braves' real estate arm next to Truist Park in Cobb County, the company and the Braves announced Tuesday.
The announcement came as the Development Authority of Cobb County voted to consider giving the company a tax break.
Nelson Geter, the executive director of the DACC, said the amount in tax savings is being calculated “as we speak.”
“What we approved today is the initial inducement resolution which just simply states that the DACC is willing to consider” granting a tax break, Geter said. The tax break is what’s known as a bond for title transaction. The authority values the bonds as part of that transaction at $13 million but the tax abatement would be worth a fraction of that amount.
Geter estimated the board would vote on the proposal at its December meeting.
Papa John’s International, which owns the pizza restaurant chain, announced it was opening a new headquarters in the Atlanta area in September. The company is maintaining its existing headquarters in Louisville as well, according to a spokesperson.
Company president and CEO Rob Lynch told The Atlanta Journal-Constitution in September that the COVID-19 pandemic helped the company have its best year ever thanks to increased demand for delivery as more people work and study remotely.
The new space will be 60,000 square feet and is expected to add 200 jobs locally.
“We’re excited to expand in Atlanta – a vibrant city that’s home to several QSR brands and provides incredible access to a deep, diverse talent pool," Lynch said in a statement about the Cobb County location Tuesday.
The statement said the move should be completed by summer 2021.
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