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ATLANTA - Cobb County officials said Thursday a mix of existing tax revenue as well as new levies on business and tourism will be used to fund the public portion of a new $672 million Braves stadium planned for 2017. Mike Bibby Jersey . Under the terms of a 30-year deal released by the county, the Braves would put in $372 million, or 55 per cent, and Cobb County would be responsible for the remaining $300 million, or 45 per cent. The Cobb County Board of Commissioners is set to consider the deal on Nov. 26. "Its an excellent deal for Cobb County," commission Chairman Tim Lee said in an interview. "Its great to have a national organization like the Braves relocating to Cobb County. Its creating jobs and stimulating the economy." Key details of the planned financing was revealed days after the Braves announced the team was leaving downtown for the suburbs, moving about 10 miles north on Interstate 75. The decision caught many by surprise, including Gov. Nathan Deal and Atlanta Mayor Kasim Reed. Deal has said hes happy the team is staying in Georgia, while Reed has been defending his decision not to compete with Cobb Countys offer. The public contribution for the Cobb County deal is far lower than initial reports of up to $450 million and also below the average of nearly 70 per cent cited by experts. The Braves said in a statement the team would be assuming more than 90 per cent of the upfront costs for the 42,000-seat stadium, minimizing the amount of bonds that would be issued. The stadium would be owned by the Cobb-Marietta Coliseum and Exhibit Hall Authority and operated by the team. The Braves would pay $6.1 million annually in rent and payments from naming rights, parking and advertising revenue, and that money would cover the teams annual bond obligation, according to information provided by the county. "This is a very sound deal for the Braves, the Cobb taxpayer and the Cobb business community," said Mike Plant, the Braves executive vice-president of business operations. The team has no plans to use personal seat licenses to help pay for the stadium, said Derek Schiller, the Braves executive vice-president of sales and marketing. The licenses have been an unpopular element of other stadium deals and require an upfront fee from season ticketholders. Under the plan, the county would use a mix of $9.61 million in existing revenue and $8.29 million in new taxes on business and tourism to collect the $17.9 million per year to cover the principal and interest of its share of the 30-year bonds that would be issued, according to the terms. It was not immediately clear what revenue sources might be used for capital maintenance expenses to be shared by the team and the county. Georgia State University economics professor Bruce Seaman said the plan appeared balanced with multiple sources of revenue, although he cautioned transportation must be a priority given existing traffic congestion in the area. "Additional congestion is a property value killer," said Seaman, who has done some fiscal analysis for the Braves. He said traffic could adversely affect any property value appreciation included in the countys revenue estimates. The project does include $14 million toward transportation improvements, although the long-term infrastructure plan remains to be seen. Of the new taxes, the county plan calls for $5.5 million would be generated annually through a new levy on area businesses, as well as $400,000 in a new 3 per cent car rental tax in unincorporated parts of the county and $2.7 million from a new $3 per-room, per-night charge for surrounding hotels and motels. Brooks Mathis with the Cobb Chamber of Commerce said the deal has the support of the business community and noted there were no plans for residential tax increases. "The businesses in the immediate area are all on board," Mathis said. "They know that they will benefit directly from this investment by the Braves in the community." Cobb County officials also plan to reallocate $8.67 million annually in existing property tax revenue. That money is currently being used to pay off another bond that will expire in three years, when the stadium bonds are expected to be issued, according to the commission chairman. In addition, a local business improvement district has pledged $10 million. Atlantas mayor has said the city couldnt afford to match Cobb Countys offer, saying the city would have been forced to take on some $200 million in debt to appease the Braves while facing a $900 million backlog in infrastructure projects. Through a spokesman, he declined comment Thursday on details of the Cobb financing. ___ Follow Christina Almeida Cassidy on Twitter: ;Memphis Grizzlies Jerseys . With Van Osch out with a flu bug that has been rampaging through the tournament, Knezevic stepped in to lead B.C. (4-3) to a pair of victories on Tuesday before 1,131 at the Maurice Richard Arena. Custom Memphis Grizzlies Jerseys .com) - The Carolina Hurricanes placed defenseman John-Michael Liles on injured reserve Tuesday.KELOWNA, B.C. -- Axel Blomqvist scored the winner at 16:40 of the third period as the Victoria Royals edged the Kelowna Rockets 3-2 on Tuesday in Western Hockey League action. Brandon Magee and Ryan Gagnon also scored for the Royals (48-17-4), who extended their win streak to six games. Tanner Wishnowski scored his first-career WHL goal for the Western-Conference leading Rockets (54-11-4) and Cole Linaker had the other. Victorias Patrik Polivka made 34 saves for the win as Kelownas Jordon Cooke stopped 33-of-36 shots in defeat. --- WHEAT KINGS 8 BLADES 5 BRANDON -- Richard Nejezchleb and Ryan Pulock each had a goal and two assists as the Wheat Kings avoided a fifth straight loss by downing Saskatoon. Rene Hunter, Jesse Gabriel, Rihards Bukarts, John Quenneville, Braylon Shmyr and Tim McGauley also scored for Brandon (32-29-9) and Ryan Pilon had three assists. David Nemecek, Cameron Hebig, Cory Millette, Ryan Graham and Chase Clayton supplied the scoring for the Blades (16-48-5), who are on a nine-game slide. Jordan Papirny made 41 saves for the Wheat Kings. Troy Trombley allowed five goals on 20 shots before giving way to Brandon Kegler, who stopped 19-of-22 shots in 38 minutes of relief for Saskatoon. --- HITMEN 5 HURRICANES 3 CALGARY -- Adam Tambellini had a goal and an assist and Chris Driedger stopped 24 shots as the Hitmen handed Lethbridge its 12th loss in a row. Kenton Helgesen, Alex Roach, Jake Virtanen and Travis Sanheim also scored for Calgary (46-17-7) while Brady Brassart had three assists. Riley Sheen scored twice for the Hurricanes (12-53-5) and Tyler Wong added the other. In just his second appearance of the season Lethbridges Stuart Skinner turned aside 39-of-44 shots in defeat. --- OIL KINGS 1 ICE 0 EDMONTON -- Henrik Samuelsson scored the games only goal 15 seconds into the second period as the Oil Kings blanked Kootenay. Trristan Jarry made 20 saves for Edmonton (48-18-3), which maintained top spot in the Eastern Conference with the victory. Mario Chalmers Jersey. Mackenzie Skapski turned away 29-of-30 shots for the Ice (39-26-4). The Oil Kings went 0 for 1 on the power play while Kootenay failed to score on three chances with the man advantage. --- WARRIORS 6 RAIDERS 3 MOOSE JAW, Sask. -- Jesse Forsberg, Tanner Eberle and Jack Rodewald each had a pair of goals as the Warriors doubled up Prince Albert. Brayden Point chipped in with three assists for Moose Jaw (21-40-9) while Zach Sawchenko made 26 saves for the victory. Collin Valcourt, Leon Draisaitl and Josh Morrissey scored for the Raiders (33-31-5), who had their four-game win streak halted, and Nick McBride stopped 31-of-36 shots in a losing cause. Prince Albert and Red Deer are tied for the eighth and final playoff spot in the Eastern Conference. The Raiders, however, fall to ninth because of the tie-breaker. --- WINTERHAWKS 3 AMERICANS 2 (OT) PORTLAND, Ore.-- Brendan Leipsic scored 30 seconds into extra time as the Winterhawks slipped past Tri-City. Mathew Dumba and Taylor Leier also scored for Portland (51-13-5), which won its fourth straight contest. Parker Bowles scored both goals for the Americans (28-32-9), who dropped their fourth game in a row. Brendan Burke made 18 saves for the Winterhawks while Tri-Citys Eric Comrie stopped 46-of-49 shots in defeat. --- CHIEFS 6 THUNDERBIRDS 4 KENT, Wash. --Mike Aviani had a pair of goals as Spokane downed Seattle for its third win in a row. Connor Chartier, Hudson Elyniuk, Dominic Zwerger and Adam Helewka also scored for the Chiefs (39-24-6) while Eric Williams made 30 saves for the win. Ryan Gropp, Mathew Barzal, Alexander Delnov and Sam McKechnie scored for the Thunderbirds (40-23-6). Seattles Taran Kozun turned aside 37-of-42 shots in a losing cause. Cheap NFL Jerseys Cheap NFL Jerseys China Cheap Jerseys From China Cheap NFL Jerseys Authentic Wholesale Jerseys China Cheap NFL Jerseys China NFL Cheap Jerseys ' ' '

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