Cobb County leaders vote 4-1 to approve bonds to pay for stadium - CBS46 News

Cobb County leaders vote 4-1 to approve bonds to pay for new stadium

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Cobb County commissioners voted 4-1 to approve bonds to pay for the new Braves stadium Tuesday night.

Also approved was the primary contractor to build the stadium, which will be American Builders 2017.

American Builders 2017 is a joint venture between multiple construction companies with more than 225 years of experience, according to a release from the Braves.

The Braves say the construction companies have completed more than 330 sports projects, including Target Field in Minneapolis, Coors Field in Denver and Oriole Park at Camden Yards in Baltimore.

The commissioners also approved an assurance agreement, construction administration agreement, development agreement, non-relocation agreement and a stadium operating agreement that will keep the Braves in Cobb County for at least 30 years.

The commissioners approved a Memorandum of Understanding in November, allowing the project to officially move forward. However, several details still need to be approved.

"It's extraordinarily important," said County Commission Chairman Tim Lee, speaking before the Tuesday night vote. "It does confirm the next steps that enable the Braves to move forward."

The stadium is expected to cost $672 million, with Cobb County paying for $300 million, and the Atlanta Braves picking up the remaining expenses.

Some work has already begun at the stadium site, on the northwest corner of I-285 and I-75 near the Cobb Galleria.

Construction on the stadium and other structures is expected to start later in the summer, or early in the fall.

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