Braves to Take Advantage of State Tax Breaks

December 18, 2013 11:00 am

by Eric The Younger · 5 comments

Atlanta Magazine has an article detailing further the Braves relocation to Cobb County.

If you thought the Braves’ move to Cobb County would leave just Cobb taxpayers on the hook, think again. The team’s execs may seek millions more in tax credits from the state — largesse that would be underwritten by all Georgians.

Tax incentives could tip the scales of the project toward majority-public financing. Braves boosters have been emphasizing that the ballclub would pay more than half of the estimated $672 stadium costs. They’ve even distributed a handy graphic of a baseball bearing the words “Braves 55%.” But if even $12 million in state tax credits comes through, the team’s share of the currently projected cost would fall to less than half.

But in all reality, don’t hate the Braves for this one. The State was offering these same tax advantages before the Braves decided to move. They’re simply doing what any business would do, trying to figure out what the best possible outcome for them would be.

{ 5 comments… read them below or add one }

2g Strategies (@2gstrategies) December 18, 2013 at 11:36 am

From @peachpundit Braves to Take Advantage of State Tax Breaks http://t.co/jtlGYpMvPc

notsplost December 18, 2013 at 11:56 am

So it’s “Don’t hate the playa, hate the game?” I guess that applies to more than just skirt chasing.

I’m sure these tax breaks for the stadium will work out just hunky-dory for taxpayers, just like they did in Cincinnati:

http://www.bloomberg.com/news/2013-12-18/cincinnati-stadiums-bury-county-government-in-debt.html

Eric The Younger December 18, 2013 at 3:32 pm

I’m indifferent on this whole issue.

Jon Lester December 18, 2013 at 12:32 pm

I guess no one in politics is really serious about that whole level-playing-field idea, no pun intended.

Harry December 18, 2013 at 1:14 pm

They escaped the Hood at taxpayer expense.