Thursday, November 14, 2013

Braves To The Burbs: Now, We Think We Know The Numbers...Until They Change...

The new Braves project is supposed to cost $672-million, the Braves would foot $372-million of that...

So, it's a 55-45 split...

The lease is set for 30 years with an option for 5 more- that would take things through the 2051 season
From Cobb County's perspective, $14 million would be for transit improvements, $10 million would come from the Cumberland Community Improvement District and $276 million from the Cobb-Marietta Coliseum and Exhibition Hall Authority.

It's the Braves barn to use as they see fit, and they can let folks use it if they give permission...

Here's the breakdown of the agreement between Cobb County and the Braves...

There will be taxes that will be added or restructured to make this go down right (if you're Cobb) in hotels, rental cars (which is interesting since there is no transportation hub to do it, unless you call a "mall" a transportation hub), and business property rates.

But this also may introduce some kind of rail system to alleviate traffic that is already there and will only increase once the project undergoes construction...something the county has steadfastly voted against in the past...

Reps from the Braves met with Georgia Governor Nathan Deal and Atlanta mayor Kasim Reed on the move...
Deal is just calling himself an "interested observer..." and will not earmark or allocate any kind of dollars toward the new stadium...

Here's his recap of the meeting...
((HT: WSB-TV))

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