Menu
Facilities

Cobb County, Braves Have Yet To Clarify Final SunTrust Park Cost

A provision in their contract allows both the Braves and Cobb County the ability to audit the projectGETTY IMAGES

A year and a half after SunTrust Park opened, Cobb County (Ga.) has "yet to account for tens of millions of dollars in stadium construction work and officials haven't independently confirmed a final price tag on the county's largest, most controversial public works project," according to a front-page piece by Meris Lutz of the ATLANTA JOURNAL-CONSTITUTION. The Braves, who managed the ballpark's construction, said at $684M, the venue "exceeded its budget, with the team covering more than its share." However, Cobb County "only has invoices" covering $536M, meaning there is roughly $148M in "construction costs for which Cobb officials have not reviewed receipts." Determining the final cost for SunTrust Park and the "percentage paid by the county and the Braves is vital to understanding taxpayers' [role] in a project touted as a win-win partnership when officials announced it five years ago." That deal "stipulates that if the project came under budget, the savings may be applied toward 'mutually agreed upon'" improvements or a capital maintenance fund -- "both expenses that taxpayers must help cover." The "lack of a clear accounting means the county is at a disadvantage to verify if there were any savings and hampers public scrutiny of what the Braves claimed" as a ballpark expense. A provision in the contract "allows either side to audit the project" (ATLANTA JOURNAL-CONSTITUTION, 11/19).

SBJ Morning Buzzcast: April 25, 2024

Motor City's big weekend; Kevin Warren's big bet; Bill Belichick's big makeover and the WNBA's big week continues

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. 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/2018/11/19/Facilities/SunTrust-Park.aspx

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

https://www.sportsbusinessjournal.com/Daily/Issues/2018/11/19/Facilities/SunTrust-Park.aspx

CLOSE