City officials refinance Old Register Road TAD bonds at higher interest

Chick-fil-A and Starbucks to join Publix and neighboring shops in the district's tax base

A sign announces the new Starbucks under construction on an outparcel of the Eagles Corner Shopping Center in front of Publix. There's no sign yet for Statesboro's second freestanding Chick-fil-A, but city officials have confirmed that the location is the corner of Tormenta Way and Akins Boulevard. (JIM HEALY/staff)

Publix TAD — A sign announces the new Starbucks under construction on an outparcel of the Eagles Corner Shopping Center in front of Publix. There's no sign yet for Statesboro's second freestanding Chick-fil-A, but city officials have confirmed that the location is the corner of Tormenta Way and Akins Boulevard. (JIM HEALY/staff)

After making interest-only payments for four years, the city of Statesboro is refinancing the $4.75 million loan it took out in the form of a bond to reimburse developers for building streets and other infrastructure in the Old Register Tax Allocation District, or TAD.

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