The Cobb County Commission’s vote Tuesday to OK public funds for a new Atlanta Braves ballpark will mean higher taxes for businesses around the area where the stadium will be built. Longtime resistance to higher taxes in the county and in Georgia could mean public opposition to the project won’t end anytime soon.
People in Cobb County will now have their chance to give input on the Atlanta Braves’ new stadium deal. Commissioners have scheduled three town hall meetings for Monday, November 25, specifically for public input on the development. The Commission is set to vote on the issue Tuesday. County officials have been largely criticized for not seeking public input on the project. Before the town halls were scheduled, William Perry of Common Cause Georgia publicly called for Cobb leaders to delay their vote on the project to allow public comments.
When the Braves leave for the suburbs in 2017, the City of Atlanta will lose about $4 million in annual sales tax revenue. That figure comes from an economic impact study by Professor Bruce Seaman of Georgia State University.
The Braves are just three seasons and $672 million away from a brand new home in Cobb County. A portion of that money, however, is expected to come not from the team, but from Cobb taxpayers. That could prove problematic. Atlanta's Mayor Kasim Reed said keeping the Braves in Atlanta could cost city taxpayers millions. But what does the new stadium mean for taxpayers in Cobb County?
The city of Atlanta's economic development arm is set to hold what is likely the final public vote on a Falcons stadium deal. Invest Atlanta plans to hold the vote at a specially called meeting Thursday morning.