Great news for baseball lovers and Atlanta Braves fans! The construction of a 28-home subdivision in Cobb County near SunTrust Park has been finally approved by the Planning Commission on Tuesday. The subdivision will be built under Atlanta-based developer Pulte Home Corporation and would cost about $12 million, according to the news reported by the Atlanta Curbed.
The Board of Commissioners will take a final vote on whether to approve the rezoning on July 21. They have not yet confirmed a statement regarding Comcast's promise to provide high-speed internet to the area around SunTrust Park and also for the residents.
The subdivision, which would sit on four acres on Cumberland Parkway near Interstate 285, is planned to include single-family attached homes.
According to the report of The Marietta Daily Journal, Schuerholz's organization selected Cobb as the site to build a proposed $672 million, 42,000-seat Major League Baseball stadium. He also said that the Braves franchise will not extend its lease at Turner Field when it expires at the end of 2016. Compared to Turner Field that can seat 49,586, the open-air stadium is projected to seat for just 41,000 to 42,000.
The approval of a $66 million bond by city voters for the revitalization of the Franklin Corridor are sparking development in the area, the Biz Journals reported.
According to Peach Pundit, the deal to move the Atlanta Braves to Cobb County also involves a $450 million in private financing and another $200 million put up front by the baseball team that first moved to Atlanta in 1965.
The Atlanta Braves Team considered moving because for one, they don't own the stadium. The Braves spent $125 million on infrastructure improvements, since the stadium was built for the 1996 Olympic Games. Today, a whopping $150 million more is needed to make the infrastructure's improvements.
Braves Executive Vice President of Business Operations, Mike Plant, also said that the worst thing of all is the traffic.
He said that the traffic is uncontrollable, and it is the main reason why the fans don't come to more games. His statements as quoted by The Marietta Daily Journal news. "That over the last decade has grown immensely in the city of Atlanta. We still don't have mass transit to the stadium; we are underserved by about 5,000 parking spaces. And all of those things contribute to some real challenges to us that we just looking forward didn't believe they could be overcome."
The Executive Vice President of the Cobb Chamber of Commerce, Brooks Mathis, said that the move will improve the Cobb County.
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