New Home of the Braves is Gwinnett Taxpayers Pockets
Saturday, May 31st, 2008
Gwinnett County, Georgia recently signed on to build a new baseball stadium for the Atlanta Braves farm team, currently in Richmond, Virginia. They made this agreement behind closed doors and kept it secret from the public until it was too late for the public to do anything about it.
Under the terms of the agreement, Gwinnett County owns the stadium and is responsible for all the upkeep and maintenance, but only gets to use the stadium for ten days each year. The rent the Braves are paying will only cover the contruction bonds, so the ongoing maintenance will fall entirely on the backs of taxpayers.
The project will be financed with 30 year bonds. However, the Braves have an escape clause that will let them, at any time after year 15, pull out if they feel that the stadium has not been maintained the way they want it. In addition, they could not only bail on the County but also block Gwinnett from bringing in another baseball team! Thus in 15 years the taxpayers of Gwinnett will not only be subject to the whims of the County Commissioners, but also to the whims of a private company which has been granted the power of extortion by those Commissioners.
The cost of building the stadium is reported at around $45 millon. The Braves could easily finance that themselves out of a trivial payroll cut on their millionaire athletes. Why are the Gwinnett County taxpayers being forced to subsidize them?
