re: The ATL Thread: Offseason Edition

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For the Atlanta Braves to break ground on a new stadium in Cobb County by Jan. 1, 2015, a “Herculean effort” will be required to get all the legal and financial agreements in place.

The Braves, in fact, will have to accomplish in less than a year what is taking the Atlanta Falcons, the Georgia World Congress Center Authority and the city of Atlanta more than two years to put together. And the new Braves stadium is supposed to open ahead of the new Atlanta Falcons stadium in time for the 2017 baseball season.

Dan Kolber, a veteran Atlanta municipal securities attorney who was a founding partner of Jackson Securities and is now president and CEO of Intellivest Securities, reviewed the memorandum of understanding (MOU) between the Atlanta Braves, Cobb County and the Cobb-Marietta Coliseum & Exhibit Hall Authority.

In a lengthy interview, Kolber, who also writes a column for Atlanta Business Chronicle, said the elephant in the room was whether it would be possible for the Braves and Cobb to be able to negotiate all the agreements and get them approved through the various governmental bodies and then be able to get all the bond documents ready to go to market without any threat of litigation by the end of the year.

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