Stadium invoices flowing into county |


Stadium invoices flowing into county |

Although Cobb County’s government doesn’t have the money to start paying the bills yet, invoices from the construction of the new Atlanta Braves stadium have started flowing in.

Right now, the Braves are covering all of the costs at the site because the Georgia Supreme Court won’t hear an appeal of the county’s plan to issue up to $397 million in bonds to help fund stadium construction until February.

But the county, and its project manager Heery International, are signing off on invoices in anticipation of the county providing $368 million toward the project. The rest of the money borrowed by the county will cover issuance costs and the first year of interest on the debt.

So far, about $3 million worth of invoices have been approved by the county through the end of September, which are the most current records available, according to documents obtained by The Atlanta Journal-Constitution under Georgia’s Open Records Act.

via Stadium invoices flowing into county |

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