Image (1) money%20bag.jpg for post 4218

The details are in: Cobb County residents will be paying a lot of money for the new Braves park

66 Comments

Via Deadspin, we have the Memorandum of Understanding outlining the method in which the Braves new ballpark in Cobb County will be paid for. Here it is if you’d like to check it out.

As mentioned this morning, it’s 55% Braves money, 45% Cobb County. The breakdown is like so, though:

  • The Braves will pay $280 million up front, adding $92 million more in the future;
  • Cobb County will pay $14 million up front in transportation improvements and $10 million more in general funds from a special business district.
  • The county will finance the remaining $276 million by issuing revenue bonds.

Of course, payments need to be made on bonds. They’ll be paid like so:

  • $400,000 a year from a new rental car tax;
  • $940,000 a year from an existing hotel/motel tax;
  • $2,740,000 a year from a new hotel/motel fee in that special business district;
  • $5,150,000 a year from a property tax increase in the special business district;
  • $8,670,000 a year from reallocating Cobb County property taxes.

The upshot? Politicians can and will say that they’ve only raised taxes in two small places — on out of towners in hotels and people in a special business district who probably knew this sort of thing could happen — and thus it’s a nice, impact-light, conservative-happy financing plan.

Except when you reallocate existing taxes to pay for a ballpark, you are taking them away from uses to which they are already being put. How much of the over $10 million a year moved toward the ballpark is being taken away from already-strapped schools, mental health services, parks, police, fire and other public uses?

And except that, if those rental car and bed taxes don’t provide the funds these estimates think they will, it will almost certainly be taxpayers footing the bill for the shortfall.

Also: if they have the will to raise new taxes in special improvement districts and on out-of-towners for this, why would doing it for any other purpose have led to accusations of creeping socialism and business and job-killing and the like? “Because we like sports,” is the answer, I suppose, “and we’ll now get nice seats at Braves games.”

All of which would be fine if the ballpark would bring economic benefits — benefits which go to the public who is paying for 45% of it — in equal or greater measure. But as we know from history, it is rarely if ever the case that sports facilities or events bring such benefits.

But hey, if that’s what Cobb County wants, at least it’s being done through the democratic process, right? It may be a bad decision to use public funds to pay for the Braves new park, but there’s nothing that says that taxpayers can’t decide to do dumb things. Right?

Because there are no new taxes here outside of the self-taxing CID, the County Commission can approve the proposal without a countywide referendum. Cobb County residents will cover nearly half of the Braves’ ballpark without getting to vote on it.

Oh. Well then.

Video: Holliday’s home run a fitting goodbye for Cardinals

ST. LOUIS, MO - SEPTEMBER 30: Matt Holliday #7 of the St. Louis Cardinals hits a solo home run against the Pittsburgh Pirates in the seventh inning at Busch Stadium on September 30, 2016 in St. Louis, Missouri.  (Photo by Dilip Vishwanat/Getty Images)
Getty Images
2 Comments

If tonight was his last night in a Cardinals uniform, Matt Holliday made the most of it.

After sitting out most of the second half with a fractured thumb, the 36-year-old was activated from the disabled list on Friday and slotted in as a pinch-hitter during the seventh inning of the Cardinals’ 7-0 shutout. What happened next could hardly have elicited more sentiment had it been scripted:

The solo shot was Holliday’s first home run as a pinch-hitter, and his first home run of any kind since August 9. The triumphant moment might have been the last of its kind in St. Louis, as it was reported earlier today that the Cardinals do not plan to exercise Holliday’s option in 2017.

Prior to the game, the left fielder released a statement in which he expressed his gratitude for the past eight seasons with the Cardinals’ organization:

I would like to thank Mr. Dewitt, Mo and the entire ownership group for the opportunity to play for the St. Louis Cardinals.

I am proud of what we have accomplished on and off the field during the past seven years. I have also been humbled by the incredible support and participation in our Homers for Health program.

It has been an honor to play in front of such great fans and for such a historic organization. I can honestly say it has been a dream come true.

While I’m disappointed this could be it here in St. Louis, I understand that it might be time to move on.

I’d like to express my love and admiration for Tony, Mike and all of the coaches and staff that I have had the pleasure to do life with these past seven-plus years.

The most emotional part of this is my teammates and the relationships I’ve built with some of these guys over the years. Particularly, Adam and Yadi, to be considered part of the core with two of the finest human beings I’ve ever known.

Finally, I’m eternally thankful for the Lord bringing me to the city of St. Louis in August of 2008. Lots of cool stuff has happened since then. On behalf of my wife Leslee and our children Jackson, Ethan, Gracyn and Reed: Thank you!

Angel Pagan body-slammed a fan on the field

SAN FRANCISCO, CA - SEPTEMBER 13: Angel Pagan #16 of the San Francisco Giants argues with umpire Jerry Meals #41 after a called third strike during the first inning against the San Diego Padres at AT&T Park on September 13, 2016 in San Francisco, California.  (Photo by Jason O. Watson/Getty Images)
Getty Images
6 Comments

Don’t interrupt Angel Pagan in the middle of a wild card race. Better yet, don’t interrupt him at all.

A fan learned that the hard way during Friday’s Giants-Dodgers game. In the fourth inning, a group of fans ran onto the field with white flowers in their hands, presumably to hand to Giants players. According to eyewitness accounts, one player was reprimanded by San Francisco starter Madison Bumgarner, while Buster Posey fended off another.

Angel Pagan, however, took more extreme and inventive measures.

On-field security started closing in on the fan as he approached Pagan, but didn’t appear to pick up the pace until the outfielder dropped him on the field.

Vin Scully, who was wrapping up the third-to-last game of his career, provided play-by-play of the incident.

A couple of kids, trying to steal a moment, slow down the game, running on the field and just taking a big moment on the big stage. They’ve got one of them in right field, and the other one is nailed down by Pagan in left field. And the crowd loved that! They went up to do something with Angel Pagan, but [Pagan] grabbed him and slammed him to the ground, and they’re taking him off the field. […] Doesn’t that bring you back to the ’60s, and the flower children? Oh what, you don’t remember the ’60s? Okay.

The next time you want to send a message to a player, maybe try a tweet (throw in a flower emoji or two if you feel so inclined). Just don’t make a showy display of affection in the middle of a game. It’s bound to go badly, at least where Angel Pagan is concerned.