Cumberland County reports $3M gain from Braves partnership and stadium debt service improvements

Cobb County officials celebrated a significant financial milestone during the annual update on Truist Park and the Braves, revealing that the county has successfully eliminated the need for general fund tax dollars to support stadium debt service. Instead, the county reported a positive financial impact, generating nearly $1.5 million in 2023 and an impressive $3 million in 2024 for the general fund.

This financial turnaround highlights the successful partnership between Cobb County and the Atlanta Braves, which has evolved since the stadium's inception. The county's revenue sources, including hotel and rental car taxes, have contributed to covering the annual debt service of approximately $22.4 million. Notably, the Braves have also made a substantial annual payment of $6.1 million, further bolstering the county's financial health.

The economic impact of the Braves and Truist Park extends beyond immediate revenue. Since 2014, the taxable value of the Battery area has skyrocketed from $5 million to a staggering $577 million by the end of 2024, reflecting a $49 million increase from the previous year. This growth not only benefits the county but also provides significant tax revenue to local schools and community improvement districts.

In total, the development has generated over $112 million in revenue for Cobb County, the Board of Education, and the state since its launch. As the county looks ahead, officials anticipate continued growth and further positive financial outcomes, reinforcing the value of this partnership and its impact on the community.