The Board of Commissioners approved a 30-year agreement on Nov. 26 that will help build a $672 million stadium for the Atlanta Braves in Cobb County.
Chairman Tim Lee expressed happiness with the decision.
"This is an unparalleled opportunity for our county and will help propel our community into the foreseeable future," he said. "I am excited to be part of it."
At least $372 million of the stadium project will be paid for by the Atlanta Braves, which will also invest an additional $400 million for an entertainment district on the 60-acre site. This will include retail, restaurants and other development projects on the location at the intersection of Interstates 285 and 75.
Local costs will draw from various sources including payments by private businesses within a special district around the project, the motel/hotel tax and existing county revenues.
Lee said Cobb will not increase the property tax millage rate for homeowners and its economy will be boosted by the project.
"In addition to construction jobs we anticipate from the creation of the stadium, crowds will bring steady employment for those who will work there," he said.
Road improvements are planned around the future stadium site, while there are already 14 points of access and service by Cobb County Transit to the area.
Projects include a Windy Hill diverging diamond interchange and corridor improvements extending from U.S. 41 to Powers Ferry Road, scheduled to open to traffic in 2017.
• Windy Hill Road West: This SPLOST 2011 project improves Windy Hill Road from U.S. 41/Cobb Parkway to I-75 from five lanes to a six-lane divided with curb, gutter and sidewalks. Traffic signals will be upgraded and all new pedestrian accommodations will be included.
• Windy Hill Road East: This SPLOST 2011 project adds an eastbound lane to the current alignment from the bridge over Rottenwood Creek to Interstate North Parkway/Spectrum Circle.
The project, a 2005 SPLOST deferred project, will add an additional westbound lane from Interstate North Parkway/Spectrum Circle to Powers Ferry Road. Additional turn lanes will also be added to Windy Hill road east of Powers Ferry Road.
• Cobb Parkway from Akers Mill to Paces Mill is currently under contract to be widened to six lanes.
• Cobb Parkway/Chattahoochee River Bridge is currently under construction, expanding from four to six lanes.
Other roadway improvements under consideration include improved access to Windy Ridge Parkway Connector, operational improvements in the area, Windy Hill-Terrell Mill Connector, a Cobb Parkway/I-285 Diverging Diamond Interchange, Cobb Parkway/Cumberland/Spring Road split diamond and I-285 access to Circle 75 Parkway roundabout.
Officials anticipate the new stadium to be ready for Opening Day of the 2017 baseball season.
Further details about the stadium project are available at homeofthebraves.com and cobbcounty.org.