CBS Atlanta

By Mike Conti

The Atlanta Braves are on the hook for a much larger portion of funding for their new Cobb County stadium than initially reported, and the county will not raise taxes to cover their share of the bill, according to documents released Thursday.

Cobb County’s share of the bill for the new stadium, which will be built near the Cobb Cloverleaf in Smyrna, is $300 million. Atlanta Mayor Kasim Reed and several media outlets reported Tuesday that the county’s share would be $450 million, something immediately denied by Cobb officials.

County officials also say that property taxes will not be raised to pay for the stadium. They are set to vote on a Memorandum of Understanding with the Braves to finalize financing November 26.

The Braves are responsible for $372 million dollars, or 55 percent of the stadium complex’s cost, according to the documents. That includes a $280…

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