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



Chattanooga FC Back In Action Wednesday at Finley

Chattanooga FC launches into their historic tenth season in style, cruising to a resounding 2-0 win against Emerald Force SC in front of 4,575 faithful on a beautiful May night.  “It was crucial that we start the season strong. Daniel Valenciano’s header set the tone for the second half, and Charlie Clarke’s second goal was pure determination.” Said Bill Elliott, head ... (click for more)

Chattanooga Steam AAU Team Sweeps Nashville Tournament

The Chattanooga Steam Varsity High School AAU Boys Basketball Team swept the MSYS MidState Hoop Fest Tournament  in Nashville this weekend. The Steam went through the tournament unbeaten. The Chattanooga Steam is led by KT Webb from Signal Mountain High School, Jason Holland and Winston Tullis from Sale Creek High School, Jon Wood and Gage Henry from Dade County High ... (click for more)

Man And Woman Killed In Sunday Morning Murder/Suicide At Hixson Gas Station

A man and a woman were killed in a Sunday morning murder/homicide at a gas station in Hixson. The shooting was shortly after 10 a.m. at a Shell station at Hixson Pike and Brookaire.  Upon arrival, police located Kimberly Phillips, 48, lying in the parking lot from an apparent gunshot wound.  Also in the same parking lot, officers located Frederick Tragresser, 47, ... (click for more)

$2,060,705 Tennessee Cash Jackpot Won In South Pittsburg Friday Night

A Tennessee Cash player in South Pittsburg won a near-record jackpot of $2,060,705 on  Friday  night. A Knoxville Powerball player won $50,000  Saturday  night by matching four of the five white numbers drawn plus the red Powerball. No information is available about the winners until the prizes are claimed. The  $315.3 million ... (click for more)

Liberal Conspiracy Afoot

According to Roy Exum’s Sunday column, there are now upwards of six or seven Democrats in Hamilton County, and all of them have secretly maneuvered their way onto the boards of a couple of dozen local organizations. Unlike Republicans, some of them serve on multiple boards and some of them serve with one another on the same boards. This is outrageous. We all know that boards and ... (click for more)

Roy Exum: Words For The Ages

I was probably one of few people in the entire world who didn’t get caught up in the Royal Marriage of Meghan Markle and Prince Harry this weekend. I got over having any semblance of ‘pomp and circumstance’ a long time ago and, as a rule, studiously avoid those apt to ‘put on airs and graces.’ By ignoring the magnificent occasion, I made a big mistake and today it is with delight ... (click for more)