Dive Brief:
- The Atlanta Braves baseball team plans to throw out its first 2017 pitch in a new, $672 million stadium it will build with Cobb County.
- County commissioners give their ruling on the plan, already announced by the Braves, next week.
- The baseball stadium is to be accompanied by a mixed-use development, a new Atlanta Falcons football stadium and city redevelopment of the Braves' current home at Turner Field — all good news for the Atlanta-area construction industry.
Dive Insight:
The initial funding plan for the Braves' stadium is a 55-45 deal, with the county funding the minority portion but owning the ballpark. The plan is for the county to issue 30-year revenue bonds for the majority of its contribution and with the Braves paying off the rest of that issue. The Braves said the organization will manage the design and construction work, but there have been no decisions on which contractors it will be managing.