Home Depot

Home Depot is getting a 200 million dollar property tax break from Cobb County. The county's development authority unanimously approved the break Tuesday.

According to the "Marietta Daily Journal", Home Depot asked to borrow 200 million dollars from the authority to renovate its corporate headquarters and lease a building in Marietta.

In turn, the home improvement retailer will get property tax abatements over the next 10 years.

Home Depot executives say their front offices are aging and need to be renovated to keep up with the company's growth. Vice President Michael LaFerle told the development authority that Home Depot could move out of Cobb, unless it received some kind of incentive to help pay for the renovation.

Tags: Home Depot, home depot to receive property tax break, Cobb County, money to fix structures