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.

Courtesy www.homeofthebraves.com
Courtesy www.homeofthebraves.com
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.

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.

Read more here.

Jeff Goodman May 27, 2014 at 10:01 AM
This will make Cobb Bounty a world class destination. JG
Lone Stranger May 27, 2014 at 01:38 PM
Well Jeff I certainly hope you have considered all the implications of this so called world class destination BS. World class tax and political rip off and scam douchbaggery is what it is. I wish we could just have you and the rest of your World Class Destination goofs pay the bills for this political hatchet job of the Cobb Co taxpayer.
Ira May 27, 2014 at 02:53 PM
Fred, you are so far out in left field it is laughable. This is a great deal for Cobb County.
Lone Stranger May 27, 2014 at 05:03 PM
Ira Im glad you came out of the closet as a tax and spend liberal. At least we know who we are dealing with. Well my friend I hope you enjoy the increased taxes. Of course you most likely live in a pay by the week hotel so you dont pay taxes. Its attitudes and ignorance like this that have ruined our country. Thanks Ira.
Ira May 27, 2014 at 08:13 PM
Look in the mirror for ignorance. If you can see this will be a positive happening for Cobb, you are a sad person.


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