Quote Originally Posted by David88vert View Post
You just ignored the math. The bottom line is that the 3 events per year that the county can hold will not cover the cost of the stadium that the county has to pay out. It's not even remotely close.

You want to know who will make the money on the restaurants? Let me ask, which restaurants? I hope that you mean the new ones that they will build in the stadium complex, because the ones in Cumberland Mall, like Uncle Vito's New York Pizza, won't make money off it it, but Cumberland Mall falls inside the new Cumberland District tax zone, which is expected to bring in $5.15M each year in tax revenue. The manager of the pizza restaurant is already concerned that the management of Cumberland Mall is just going to pass the tax down to him through raising the rent, but it is highly unlikely that people going to the game are going to go to the mall first to eat pizza.
When the game is over, most people don't hang out around the stadium patronizing local restaurants - especially the evening games (you know, when the mall is already closed).

The real issue is how much of the cost of a stadium that is being built for the benefit of a private entity is going to be paid for in public funds. Should county taxpayers start funding the building of Wal-Marts next? After all, those generate traffic and create jobs as well.
SO . MUCH . HOSTILITY. I Was honestly asking, wasnt rhetorical. I thought maybe you knew, I know there was discussion of the braves splitting profit or something on the restaurants. If COBB owns all the property around the complex, then all those restaurants = RENT MONEY and TAXES for 30 years. Money you arent factoring in

As far as your estimation, i disagree. Cobb County OWNS THE STADIUM. Its THEIR PROPERTY. In 30 years the braves will stay, or move on, and Cobb will still own the land, property, etc. Cobb will make money on this , EASILY, without breaking a sweat.

As to uncle vito , i disagree. Tourism is Tourism. he SHOULD see more customers, foot traffic, shoppers, etc. That area they are talking about building Hotels and such to it could be a nice little hub in North Atlanta.

Cobb COunty is going to have to come up with around 100-150 million over the next 30 years, Im sure taxes will be raised, but how much and to whom? Not sure I have seen that (unless you know where that is explained).