Domino time. According to The Marietta Daily Journal, The Weather Channel is threatening to move out of Cobb County unless they receive tax breaks for their reported $90 million expansion. I can't wait to see what Home Depot and other major companies here in Cobb start to ask for.
One of Cobb’s high-profile corporate citizens is threatening to leave if it doesn’t receive “significant” tax breaks in return for an expansion that includes 200 to 300 employees at an average salary of about $75,000.
The Weather Channel, headquartered in Cumberland and owned by NBC, has never asked for subsidies before, but it now needs a reason not to leave Cobb, said Kathy Angell, senior vice president of The Weather Channel’s taxation division, in a Nov. 1 email to Brooks Mathis, executive vice president of the Cobb Chamber of Commerce.
The company opened its current offices on Interstate North Parkway at I-75 and I-285 in 1996.
Its planned expansion is valued at $90 million, Mathis said in emails obtained by the MDJ. Shirley Powell, executive vice president, said The Weather Channel would not comment and that anything the MDJ reported at this point would be “speculation.”