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re: Confirmed: Braves Leaving Turner Field After 2016 Season
Posted on 11/14/13 at 10:11 am to gatorhata9
Posted on 11/14/13 at 10:11 am to gatorhata9
Great move, I'll definitely be going to more games now.
Posted on 11/14/13 at 12:27 pm to DawgFanDave
quote:
Cobb County government will spend $300 million on a new Atlanta Braves stadium and mixed use development near the interstates 75 and 285, according to a summary of the financial agreement released Thursday morning.
All told, the development will cost $672 million, with the Braves covering the rest of the costs.
quote:
But a summary of details of the MOU show that the county will pay:
$276 million from the coliseum authority, which will issue 30-year revenue bonds to fund the county’s share.
$14 million from the county for transportation improvements.
$10 million from the Cumberland Community Improvement District.
quote:
Existing property taxes will account for $8.7 million of the county’s contribution. The release says there will be no increase in property tax millage rates for homeowners.
However, there are new taxes, including: a new 3-percent rental car tax; a new 3-mill property tax increase for businesses in a Cumberland Special Services District; a new $3 per night charge for hotel rooms in the special services district.
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