Posted: Saturday, July 26th 2014 at 7:35am
Judge approves bonds to finance new Braves stadium
By The Associated Press
ATLANTA (AP) 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 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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