Mayor Kasim Reed spoke at a community meeting on Wednesday night and addressed the Braves moving to Cobb County.
He spoke to the Northwest Community Alliance, which is made up of community members, businesses and developers in the northwest section of the city.
He said of the Braves stadium deal, "It would have been terrible for the city."
"The deal is a terrible deal; no revenue stream, no ability to support, back-stopped by the city's general fund," said Reed. He said on the other hand the Falcons deal provides money without taking money from the city. "The Falcons deal funded by the hotel/motel tax generates 8 to 10 million a year in cash to the city's bottom line and pays for your services."
Reed said bulldozing the TED stadium creates an attractive piece of land for developers.
The mayor addressed all issues about the city's bottom line. Those who attended were very supportive of him and receptive to what he said. Residents said their concern was making sure the city moves forward in a positive direction.
There are two Braves Stadium town hall meetings scheduled in Cobb County. The first is Monday the 25that 7 p.m. at 100 Cherokee Street in Marietta. The second meeting is Tuesday the 26th at 7 p.m. at the South Cobb Community Center on Lion Club Drive in Mableton.
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