$300 Million in Public Funds Set Aside For New Braves Stadium

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 11/14/2013 2:14 pm
ATLANTA (AP) - Cobb County officials have released key details for the public financing of a new $672 million Atlanta Braves stadium, saying they'll use a mix of existing taxes as well as new taxes on business and tourism.
The deal will cover 30 years and the Braves say they will be taking on more than 90 percent of the upfront costs for the stadium. A team official also said no personal seat licenses will be used. The licenses, which require an upfront fee from season ticketholders, have been unpopular in other projects.
Cobb County officials said Thursday the public will be responsible for roughly 45 percent, or $300 million. The Braves will be contributing about 55 percent, or $372 million.
Cobb County commissioners are set to vote on the plan Nov. 26.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
Braves Scoreboard
Latest Sports Photos
Latest Sports Photos
0 Votes
a skydiver was injured when attempting to land in a pre game show at the Lookouts opening game on 4/3/2014

0 Votes
SEC Champions Alabama created by artist Ben Teeter S/N C.O.A. available for the dedicated Alabama fan!

1 Vote
first catch of the season looks like a good year

0 Votes
Gina McLeroy Spring City, TN

0 Votes
Our Son Brandon McLeroy MTSU Football 2011 Gina McLeroy Spring City TN

1 Vote
this is James Howard telling Gracie what to do.

0 Votes
Riverbend fun!

0 Votes
I nees a four letter word for the outside layer of a tree.

0 Votes
Cameron is a rising athlete. He has a God given talent for the game of football. This picture is of him stopping the ball carrier in our game in the ...

1 Vote
Our Lookout Valley 9/10 year old team went to a tournament in Knoxville called The Battle of the Rocky Top. They went throught the tournament undefeated and won the championship ...
Featured Partners
www.eastridgeretirementcenter.com
The newly modeled East Ridge Residence is a must see with its spacious comfortable apartments. Plus, 3 delicious meals daily, geriatric physician, home healthcare services and fun festive activities. Schedule your visit today!
www.ameripriseadvisors.com/james.m.scotchie
Together we can make a confident retirement possible. Simply click to get started with your private wealth advisor. Talk to Jimmy Scotchie, Certified Financial Planner.
www.comcast.com/cable-internet-packages.html
Get started at $79.99 a month for 12 months. Plus, get a $75 VISA® Prepaid card.
Stay Connected with WDEF News 12
 
Inergize Digital This site is hosted and managed by Inergize Digital.