Menu
Facilities

Cobb County Approves $300M In Funding For Braves' Proposed Ballpark

The Cobb County (Ga.) Board of Commissioners on Tuesday by a 4-1 vote "approved a memorandum of understanding" that will now finance $300M worth of construction on the Braves' new $672M, 41,500-seat ballpark, according to a front-page piece by Jon Gillooly of the MARIETTA DAILY JOURNAL. Braves President John Schuerholz after the vote said, "This is a most significant and historic day for our franchise. This gold standard franchise has joined with a gold standard county as we plan our future together." Board of Commissioners member Lisa Cupid, who cast the sole dissenting vote, said that it "wasn’t that she opposed the Braves moving to Cobb County, but that she was being asked to make a decision much too quickly given the size and complexity of the deal." Commission Chair Tim Lee said that the next steps are to "meet in the first couple weeks of December to come up with an action plan, which includes putting into place the funding mechanisms to pay for the stadium, such as creating a special tax district in the Cumberland area." The Braves are "preparing to issue a request for proposals" to build their $400M mixed-use development that would accompany the ballpark. The Braves "will have to finalize the purchase of all 60 acres of the site they intend to build on from Bethesda, Md.-based B.F. Saul Co." (MARIETTA DAILY JOURNAL, 11/27).

GEORGIA ON MY MIND: In Atlanta, Leslie & Tucker in a front-page piece report, "Fans and foes of the deal began crowding into the meeting hall hours before the 7 p.m. hearing was to begin, many sporting 'Cobb: Home of the Braves' T-shirts." The meeting "began promptly and onlookers who weren’t allowed into the packed room watched from beyond glass doors." Meanwhile, the team "plans to move quickly in hiring an architect and proceeding with design work." Dallas-based HKS Architects has been "consulting with the team on the project" (ATLANTA JOURNAL-CONSTITUTION, 11/27).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2013/11/27/Facilities/Braves.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2013/11/27/Facilities/Braves.aspx

CLOSE