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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.

Copyright 2013 The Associated Press. All rights reserved.

This material may not be published, broadcast, rewritten or redistributed.

(Photo Credit: James Touchton)

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