Cobb commissioners approve plan for Braves stadium
MARIETTA, GA. (AP) - Cobb County commissioners took a big step toward building a new $672 million stadium for the Atlanta Braves.
The commissioners voted 4-1 to approve the entry into a memorandum of understanding with the baseball team at their meeting Tuesday evening.
The deal calls for hundreds of millions of dollars in public funds to help pay for the stadium and entertainment complex. The 30-year agreement calls for a mix of reallocating existing property tax revenue and implementing new taxes on business and tourism in the area.
Commissioners have been holding town hall meetings to gather feedback on the proposal. A group called Cobb Citizens for Governmental Transparency had called on the commission to postpone its vote for 60 days to give residents a chance to learn more.
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