November 12th, 2013

Atlanta Braves Might Get Their New Stadium For Free

By Mike Ozanian
Forbes

The New York Mets are getting $400 million over 20 years from Citigroup C -1.3%. Coca-Cola KO +0.03% is paying $178 million over 28 years for Minute Maid Park in Houston.How much could the Atlanta Braves get for the naming rights to their new stadium, scheduled to open in time for the 2017 MLB season?

The answer to that question will largely determine how much Liberty Media LMCA -0.29%, who owns the baseball team, will have to come up with for their share of the new stadium’s cost.
According to the Atlanta Journal Constitution, the deal to move the Atlanta Braves to Cobb County involves $450 million in financing by the county and another $200 million put up front by the baseball team.

Read more: http://www.forbes.com/sites/mikeozanian/2013/11/12/atlanta-braves-might-get-their-new-stadium-for-free/

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