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


UTC Coach Peter Gash is Quarterback Club Speaker Today

UTC assistant men's basketball coach Peter Gash is the featured speaker at today's Chattanooga Quarterback Club lunch at Finley Stadium at noon. Coach Gash will give a recap of the Mocs win at Mercer this past Saturday and a preview of the upcoming home game this Saturday with Samford at 5 p.m. The Mocs are 14-4 overall and 5-1 in the Southern Conference. The lunch ... (click for more)

CCS Wrestlers Win Mountain Top Tourney

Chattanooga Christian School coach Josh Craft won an individual state title as a junior at East Ridge and now he has led CCS to a team title   Led by nine medalists, including three champions, CCS finished with 159 points in winning the Mountain Top Invitational held at St. Andrews-Sewanee School Saturday, while Shelbyville was second (118.5) and Boyd Buchanan third ... (click for more)

Man With Gun Runs From Police At Hamilton Place Mall; Pushes Shoppers Out Of The Way

A man who was found to be armed with a handgun was chased by police early Saturday afternoon. He pushed shoppers out of the way during the pursuit, which included racing down an escalator.   Erwin J. Rogers, 22, of 6111 Nottingham Dr., is facing multiple charges.    Around 1:50 p.m., Chattanooga Police officers working at the Hamilton Place Mall ... (click for more)

Arrest Made In Sunday Night Murder In LaFayette

An arrest has been made in a murder in LaFayette, Ga., on Sunday night. The Walker County Sheriff's Office and the Georgia Bureau of Investigation are investigating thehomicide that was reported to the Sheriff's Office at about  7:25 p.m.   Law enforcement officers, Walker County Emergency Services and the coroner worked the crime scene on Wheeler Road ... (click for more)

The Tax Assessor's Sneak Attack On Dual Taxpayers

State law requires a reappraisal of properties every four years. The Tax Assessor's Office has always been responsible for that task. A state law was passed several years ago that allows the cost to shift to individual towns and cities that lie within Hamilton County. Just because the tax assessor can legally abuse dual city/county taxpaying property owners doesn't mean he should. ... (click for more)

Roy Exum: Sleep, Kelly’s On Watch

As the most intense week begins in President-elect Donald’s Trump’s ascent to become the most powerful man in the world, it is now strikingly obvious he has surrounded himself with the greatest collection of leaders to ever fill a Presidential cabinet. Each is a proven winner, be it in business, the military, or national affairs. Last week a confirmation hearing were heard for ... (click for more)