The Braves have gained the necessary government approval to move forward with their plans to construct a new stadium and a surrounding mixed-use development in Cobb County before the start of the 2017 season.
With a 4-1 vote on Tuesday night, the Cobb County Commission approved a Memorandum of Understanding that will call for approximately $300 million in public funds to be used to construct the $672 million stadium that will be located near the northwest intersection of Interstates 75 and 285. The Braves will invest approximately $372 million to cover upfront costs and annual payments.
"This is a significant day in the history of this franchise," Braves president John Schuerholz said. "We are grateful to the citizens of Cobb County and the leadership in the community who have worked tirelessly to bring this to fruition. I truly believe that this partnership will yield what will become one of the finest baseball and entertainment facilities in the country."
Read more: Braves receive approval for new stadium in Cobb County | MLB.com: News