Politics & Government
Cobb Commissioners to Vote on Almost $400M Bond Issue for Braves Stadium on Tuesday
The $397 million figure is $29 million more than what the county has long said it would borrow for the $672 million stadium.
On Tuesday night, Cobb County commissioners are set to vote on a resolution to authorize borrowing $397 million to pay for the new Braves stadium in the Cumberland area.
The figure is $29 million more than what the county has long said it would borrow for the $672 million stadium. The $29 million cushion is being built in to allow for flexibility if the county should exceed the maximum cost listed in the bond resolution.
Cobb is also borrowing money to pay the first 15 months of interest on the debt, and all of the borrowing costs.
Find out what's happening in East Cobbwith free, real-time updates from Patch.
The bond resolution was released to the public this past Friday night. The Cobb Board of Commissioners anticipates voting on the proposed agreements Tuesday during their regularly scheduled commission meeting that begins at 7 p.m.
The meeting takes place at 100 Cherokee Street in Marietta.
Find out what's happening in East Cobbwith free, real-time updates from Patch.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.