Businesses would help pay for new Braves stadium - WALB.com, South Georgia News, Weather, Sports

Businesses would help pay for new Braves stadium

COBB COUNTY, GA (CBS46) -

While Cobb County commissioners said locals would not see tax increases to fund a new Braves stadium, businesses in the Cumberland Community Improvement District (CCID) could see increases.

About $18 million a year, or $300 million over the span of the 30-year lease the Braves would have on the new stadium, would come from local tax money. The Braves are expected to put $372 million into the stadium, plus any additional construction costs.

The Cumberland District Tax would bring in about $5.15 million annually to pay for the Braves stadium, and a Cumberland District Circulator Fee, which would add a $3-a-night tax to hotel rooms in the area surrounding the new stadium, would bring in about $2.74 million annually.

Cobb County Commissioner Tim Lee said the tax is something board members for the CCID all told him they agreed with because they believed it could help bring more business into the area.

But Uncle Vito's New York Pizza manager Richard Brown, whose business falls in the district, has his doubts.

"I don't see us getting so much of a benefit that it outweighs the amount of taxes that we're going to end up having to pay," Brown said.

His company may not directly have to pay taxes, but the shopping center that his restaurant sits in would, which he worries could trickled down to him in the form of rent.

And he believes that Braves fans will end up getting meals inside the new stadium complex and might not patronize businesses in the area when the game's done.

"The people are just going to the game and then they're going home," Brown said. "All it basically does is just cause a traffic jam for them."

Cobb County commissioners are set to vote on the proposed funding plan for the new Braves stadium on Nov. 26.

Copyright 2013 WGCL-TV (Meredith Corporation). All rights reserved.
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