The Atlanta Journal-Constitution has obtained draft copies of some of the Braves‘ pending agreements with Cobb County via the Georgia Open Records Act, and … most of it says things we more or less already knew:
- The maximum construction cost will be $672 million, but could go as low as $622 million;
- The county will pay $368 million up front, and get $92 million of that back via annual rent payments from the Braves;
- The Braves will put in between $230 million and $280 million in up-front cash, depending on the ultimate total cost.
The one piece of significant new information, according to the AJC, is that “the stadium operating agreement also makes clear that the team will collect all stadium and parking revenues once operations begin in 2017.” So, Cobb County will get bupkis from the stadium it will pay $276 million (mostly in increased property taxes and taxes on stadium-area businesses) to build.
What the AJC article doesn’t specify is answers to some of the most important remaining questions: Who will pay operating costs on the stadium, the Braves or the county? Are the Braves going to be locked in to playing in Cobb for the entire length of the lease, or will there be opt-out clauses? And is there any sign of that transportation document, and how much the county could be on the hook for new roads?
More details as they arrive…