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Thursday, November 14, 2013

AJC: Bookman: To Braves, stadium deal is a cash cow mooing to be milked

When the Braves look at Cobb County, they see an opportunity to do what the Marlins and Twins ownership did. They see a chance to at least double the value of their $629 million franchise, and do so largely on the taxpayers’ dole. So of course they’re jumping at it. In fact, once you see the numbers out of Miami and Minnesota, it becomes a lot easier to believe Atlanta Mayor Kasim Reed when he says that he could not have made a competitive offer to keep the Braves at “ancient, decrepit” Turner Field.

One final thing, to bring us back to the loyalty question: Fans would like to hope that with new stadiums and soaring team values and revenues, grateful team owners would at least be able to expand their payrolls, bring in more free agents and field more competitive teams to watch and root on. But no, it doesn’t work that way.

Rickey! On a blog from 1998. With the candlestick. Posted: November 14, 2013 at 11:03 AM | 2 comment(s) Login to Bookmark
  Tags: boondoggle, braves, corporate welfare, taxpayers, turner field

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   1. Hank G. Posted: November 14, 2013 at 07:22 PM (#4600388)
As long as municipalities are willing trample over each other in an effort to give taxpayer money to professional sports teams, you really can’t blame the teams for taking it. It’s not that much difference from states that give companies cheap land and tax breaks for locating within their borders. In the long run, it’s probably a bad deal for everyone but the company, but it makes the officials look like they are doing something.
   2. Joey B.: posting for the kids of northeast Ohio Posted: November 14, 2013 at 08:54 PM (#4600444)
We're going to get hundreds of articles on this new Braves stadium posted over the next three years, aren't we?

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