Cobb County Closes $377M Bond Deal on SunTrust Park
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The 41,500-seat stadium, located at the intersection of Interstates 75 and 285, is scheduled to open in April 2017
ATLANTA—Talk about a massive deal. Cobb County, GA just closed on a $376.6 million bond transaction to build SunTrust Park, which will serve as the Atlanta Braves’ new home. The bonds will fund over half the cost of the $622 million stadium construction.
Butler Snow served as bond counsel for the issuance by the Cobb-Marietta Coliseum and Exhibit Hall Authority. The firm also served as special counsel and disclosure counsel to Cobb County, where the new stadium will be located. Butler Snow attorneys Lesly Gaynor Murray, Blake C. Sharpton, and Ryan L. Pratt handled the transaction.
“This state-of-the-art stadium is opening a new era in sports for the Braves organization and Major League Baseball and a major impact development for Cobb County,” says Donald Clark, Jr., chairman of Butler Snow. “Butler Snow is proud to be part of this historic new chapter in our national pastime and in the future of Cobb County.”…
