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.

This material may not be published, broadcast, rewritten or redistributed.

(Photo Credit: James Touchton)

More from Rob Hamilton

One Comment

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Atlanta

Watch Dukes & Bell Live
Taz Goes Big With A New Daily Show!

Watch & Listen