ADA Drops Bonds for Apartments

The Atlanta Development Authority has backed down from giving $62 million in bonds and a $2 million tax abatement for luxury apartments on Pharr Road in Buckhead.

The ADA and the apartment developer JLB Pharr Road filed a "notice of voluntary dismissal" last week in Fulton County Superior Court after a lawsuit filed by the Fulton County Taxpayers' Foundation, according to foundation attorney John F. Woodham.

The foundation's intervention "caused the ADA to capitulate and throw in the towel," Woodham said in an email "No more tax abatement."

The case had been scheduled to go to a bond validation hearing last week before Superior Court Judge Doris L. Downs, but the voluntary dismissal was filed before the hearing.

on the project at 235 Pharr Road. strongly criticized the ADA action when news of it surfaced in May.