Posted: Friday, July 25th 2014 at 7:55pm
Judge approves bonds to finance new Braves stadium
By The Associated Press
ATLANTA -- A judge has approved plans to issue up to $397 million in public bonds to finance a new stadium for the Atlanta Braves in the city's northern suburbs.
The Atlanta Journal Constitution reports ( http://on-ajc.com/WRQ7HA ) Cobb County Superior Court Judge Robert Leonard II overruled 12 legal objections brought by residents who opposed using taxpayer-backed bonds for the stadium. He issued his opinion Friday afternoon.
Leonard's opinion said the baseball stadium is a legitimate public expense and that the Cobb-Marietta Coliseum and Exhibit Hall Authority has a legal right to issue the bonds.
The new Braves stadium, which has a total budget of $622 million, is scheduled to open in 2017.
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