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


Stolz Tied For Fourth In State Match Play

KNOXVILLE -- Zac Stolz from Chattanooga is tied for fourth after the first round of the 11th Tennessee Match Play Championship at the Holston Hills Country Club. Stolz shot 4-under 68 on Thursday. Brentwood's Brendon Caballero leads the tournament after the first day with an 8-under 64. Alcoa's Ron Waters leads the State Senior Match Play with a 67 in the first rond. 11th ... (click for more)

Signal Mountain Ranked No. 6 In Class 4A Poll

Signal Mountain's Eagles have been ranked No. 6 in Murphy Fair's Class 4A preseason high school football poll. The poll was recently announced in Fair's Tennessee High School Football magazine. Despite heavy graduation losses, the Falcons of Fulton High School in Knoxville are still the solid choice of 4A coaches to again repeat as state champions in their classification. ... (click for more)

EPB Files With FCC To Expand TV, Phone, Internet Offerings Outside Electric Service Area

 EPB announced Thursday that it has filed a petition to the FCC "in an effort to respond to neighboring communities’ requests for access to the company’s gigabit enabled high-speed Internet service." Officials said, "EPB offers high-speed Internet access, video programming and voice services using a fiber optic communications network that allows the company to deliver these ... (click for more)

Black Creek Developers Say They "Followed The Rules" On $9 Million TIF: To Continue Project

The developers of the Black Creek project at Aetna Mountain said Thursday they "complied precisely by the rules when we applied for and received approval of the TIF district." Doug Stein said the group plans to continue on with the project, which he said earlier would include the creation of a small town on a huge undeveloped tract on the mountain above Black Creek (formerly ... (click for more)

Cell Phones And Roundabouts

I read the article written by Chris Morgan about the use of cell phones in vehicles and the Chattanooga Roundabouts. Cell phone use in vehicles especially in crisis intersection situations is extremely dangerous. I also agree with his assessment about the roundabouts. One problem I see with roundabouts is that on the two-lane roundabouts where they are coming in from ... (click for more)

Roy Exum: The NCAA’s “Division IV”

Jonathan Jensen and Brian Turner are two very smart guys. Not long ago the two sports researchers at Ohio State authored a story that appeared in the Journal of Quantitative Analysis in Sports that focused on the most successful college football teams in the country and, earlier this week, a writer named Ben Cohen broke it down in understandable terms for a fascinating Wall Street ... (click for more)