According to a report from our affiliate CBS Atlanta, 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.
To read the full story, visit CBS Atlanta.