Cobb Commissioners Approve Plan For Braves Stadium
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MARIETTA, Ga. (AP) — Officials have approved a deal to build a new $672 million stadium for the Atlanta Braves outside the Georgia capital.
The Cobb County commissioners voted 4-1 Tuesday night to enter into a memorandum of understanding with the baseball team.
Braves officials stunned local leaders earlier this month when they announced they would abandon Turner Field, a site just south of downtown Atlanta that has been their home since the team moved from Milwaukee in 1966.
The 30-year deal calls for hundreds of millions of dollars in public money to help pay for the stadium and entertainment complex.
Officials plan to fund it with a mix of reallocated existing property tax revenue and new taxes on business and tourism in the area.
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