Politics & Government
Tim Lee: Braves Stadium a Good Investment
In all, Cobb will reportedly spend $17.9 million a year on the stadium, for 30 years.
Cobb Commission Chairman Tim Lee says bringing the Atlanta Braves to the county will produce more money than property owners will spend on it.
That’s according to new projections from property and sales tax revenues from the stadium and mixed-use development as reported by The Atlanta Journal-Constitution.
Lee has indicated that the Cumberland-area stadium, proposed to be open before the 2017 season, will generate $4.8 million in sales and property taxes in 2018. Add in another $7.8 million in the club’s private development of retail, offices and a hotel and it adds up to $4 million more than the $8.6 million coming in annually from Cobb-wide property tax revenue.
Find out what's happening in East Cobbwith free, real-time updates from Patch.
In all, Cobb will reportedly spend $17.9 million a year on the stadium, for 30 years.
See more from the attached WSB TV video and from the AJC here.
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.