Cobb County Approves Financing For New Braves Stadium

Wednesday, November 27, 2013
Turner Field will be the home of the Braves through 2016.
Turner Field will be the home of the Braves through 2016.
- photo by Tim Evearitt

ATLANTA -- The Braves have gained the necessary government approval to move forward with their plans to construct a new stadium and a surrounding mixed-use development in Cobb County before the start of the 2017 season.

With a 4-1 vote on Tuesday night, the Cobb County Commission approved a Memorandum of Understanding that will call for approximately $300 million in public funds to be used to construct the $672 million stadium that will be located near the northwest intersection of Interstates 75 and 285.

The Braves will invest approximately $372 million to cover upfront costs and annual payments.

"This is a significant day in the history of this franchise," Braves president John Schuerholz said. "We are grateful to the citizens of Cobb County and the leadership in the community who have worked tirelessly to bring this to fruition. I truly believe that this partnership will yield what will become one of the finest baseball and entertainment facilities in the country."

Earlier this month, the Braves announced they would leave downtown Atlanta when their Turner Field lease expires at the end of the 2016 season. The open-air stadium will be surrounded by the mixed-use development that will be aimed to make the area a year-round destination for baseball fans and consumers.

The development will include residential options and a $400 million entertainment district that will be funded solely by the Braves and private partners. Plans for this district call for the construction of restaurants, shops and at least one hotel.

Along with being responsible for all operating costs of the stadium, the Braves will team with Cobb County to cover the stadium's capital maintenance expenses. Construction of the stadium will begin next year. It will support more than 5,200 jobs with a total payroll of more than $235 million.

---- Source: MLB.com


Atlanta Silverbacks Dodge Chattanooga Upset In Overtime

The Chattanooga Football Club was minutes away from a 1-0 upset of visiting Atlanta Silverbacks in the third round of the US Open Cup. After battling for 87 minutes of scoreless soccer, the Chattanooga team representing the NPSL scored the potential game winner when Luke Winter finished off a cross from John Finlay. Minutes later, a foul in the box by CFC led to a Atlanta ... (click for more)

This Day In Baseball History, May 28.

1930  Phillies right-hander Grover Cleveland Alexander ends his 20-year career with a relief appearance in the team's 5-1 loss in Boston. 'Old Pete' finishes his two decades in the major leagues with a 373-208 (.642) record, which includes winning 30 or more games in three consecutive seasons beginning in 1915, along with a 2.56 lifetime ERA. 1939  Over two successive ... (click for more)

Circuit Court Jury Gives $20,599,000 Verdict In Favor Of Canyon Ridge Developers; Punitive Damages To Be Added

A Hamilton County Circuit Court jury on Thursday awarded $20,599,000 to the developers of Canyon Ridge on Lookout Mountain against a financial firm that allegedly secretly started working on a rival project. The jury also said the plaintiffs are due punitive damages. The amount will be set on Monday morning in the courtroom of Judge J.B. Bennett after each side gives 20-minute ... (click for more)

Chattanooga Loses Bicycle National Championships To Winston-Salem

After a three-year run, Chattanooga is losing the national championship bicycle races. Winston-Salem, N.C., has been selected to serve as the host city for the 2016 and 2017 Volkswagen USA Cycling Professional Road & TT National Championships. The 2016 Volkswagen USA Cycling Pro Road & TT National Championships will be held May 22-30. The nine-day event will combine the ... (click for more)

The Truth About The Rising Costs To East Ridge On The Fire Hall Property - And Response

Re:East Ridge Has To Pay Unexpected $428,000 On Bass Pro Shop Deal   H ere is the truth about this article.    One section of the article says: " Unknown to anybody on the council today, the agreement limited use of the land to a fire hall."     In a letter dated Dec. 15, 2010, Mayor Lambert asked TDOT officials to ... (click for more)

Roy Exum: General Boykin Helps ‘Warriors’

General W.G. “Jerry” Boykin is one of the most fabled warriors in modern-day warfare. He is also one of the most polarizing men who has ever served his country. General Boykin, retired after 36 years as a soldier, spent 13 years in the secretive Delta Force. At one time he commanded the Green Berets and was in one some pretty impressive engagements. In 1980 he was in on the ... (click for more)