Chattooga County Considers Financing Options for $16-20 Million Jail Project

At the Chattooga County Administrative meeting held Tuesday at 10 AM, Sole Commissioner Blake Elsberry had Davenport & Company present a Capital Planning Analysis for the Chattooga County Jail Project. 

According to the presentation Chattooga County (the “County”) is currently in the planning stages for a potential debt issuance for an upcoming capital project.

Chattooga County is currently evaluating potential financing options for the jail / detention center (the “Jail Project”).

The total cost is estimated to be $16-20 million.

The cost of the Jail Project is expected to be finalized based on the final design and the debt capacity/affordability of the County.

– Funds for the Jail project could be needed as early as 2025.

– The County’s SPLOST is anticipated to help cover some or all of the costs associated with the Jail Project.

Note: The County has preliminarily explored financing through State and Federal Agencies.

 

Below is digital copy from Davenport & Company.

Discussion Materials - Chattooga County GA - Final