Cobb Commissioners Approve Plan For Braves Stadium

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.

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(Photo Credit: James Touchton)

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