Braves new ballpark could receive $450 million in public financing

Mike Zarrilli

The Braves are expected to receive public financing for their new stadium, and early reports put the figure at $450 million.

The initial plan to move the Atlanta Braves to Cobb County involves $450 million in financing from the county, reports Greg Bluestein and Jim Galloway of the Atlanta Journal-Constitution.

The team announced Monday that they plan to build a new stadium in the suburban county located northwest of downtown Atlanta. The Braves lease with Turner Field expires on Dec. 31, 2016, and the club plans to move into the new stadium for the 2017 season.

More Braves: What is Cobb County?

The $450 million figure is preliminary. It is not clear whether the financing will hold or what kind of financing it is, according to Bluestein and Galloway. Atlanta is already providing public funding for the new Falcons stadium with money levied from a hotel tax, which may have drained the city's will to provide more public funds for a new stadium.

The Braves will meet with Atlanta Mayor Kasim Reed and Georgia Governor Nathan Deal at the state Capitol on Wednesday to discuss the decision. The governor is not expected to intervene with the potential move.

More from SB Nation MLB:

Why do the Braves need a new stadium?

The many strikeout faces of Alex Rodriguez

MLB Hot Stove | 5 clubs that will shape the MLB offseason

Presenting SB Nation's 2013 MLB Awards

Death of a Ballplayer: Wrongly convicted prospect spends 27 years in prison

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.