Cost of Braves stadium deal rises $18 million | www.ajc.com

Cobb County political leaders last fall assured taxpayers that their financial commitment toward a new Atlanta Braves stadium would be capped at $300 million to build the stadium and another $35 million for 30 years of capital maintenance.

But an Atlanta Journal-Constitution investigation has found the county will borrow an additional $18.2 million when it issues bonds to pay for the project. The new costs are needed to cover $15.1 million for the first year of interest on the debt, along with another $3.1 million to pay the county’s bond attorney and other issuance costs.

That brings the amount borrowed to $386 million, not the $368 million told to the public and outlined in a preliminary agreement with the Braves that was approved by the county commission in November.

via Cost of Braves stadium deal rises $18 million | www.ajc.com.