Twenty seasons at Turner Field. "The impact of the recent recession on state and local tax revenues, and consequently fiscal management, should influence thinking about all new capital projects and the role of public debt," Long said.Reed's decision comes a few months after the mayor faced tough criticism for pushing through a plan to use public money to support a new NFL stadium downtown. All rights reserved.But, heck, let’s go back further.A cell phone, we are told by the service providers, can be upgraded every two years — although they’d certainly like us to upgrade even more often than that.
A rendering of Turner Field as a Georgia State Panthers football stadium, the cornerstone of a $300 million mixed-use development and southern extension of Georgia State’s campus. Some of this — field quality, for instance — is for the players. Turner Field was sold to Georgia State University, along with a private development team, for $30 million last November.

It was simply in the wrong place.

Seats and suites are refurnished and replaced; food options come and go; playgrounds are added and updated; video boards are made bigger, better, and higher definition. "However, these urban development benefits ... are slow to materialize. Reed … Long said that was lower than the average of about 70 percent in public money for stadium projects.ATLANTA -- When Atlanta mayor Kasim Reed found out a neighboring community had made a generous offer to help finance a new Braves stadium, he balked and said the city simply couldn't compete.When faced with the question of how much to contribute to stadium construction or refurbishment, local leaders have to weigh the state of their community's finances. "We are going to see huge benefits for many, many years to come especially having such a wonderful organization like the Braves be a part of our community. With the Braves announcement in November 2013 that the team will be leaving Turner Field at the end of the 2016 season for a new ballpark to be built in Cobb, a suburb ten miles north of Atlanta, the future of the Fulton County Stadium parking lot and stadium markers is now in doubt.

""The bottom line is that the city was presented with a choice, and that choice was encumbering between $150 million to $250 million in debt and not having money to do anything else," Reed said, referring to the city's share of costs for desired improvements at Turner Field.

"Cobb County appears to have at least three financing options that would not involve raising taxes on residents, including a hotel/motel tax that brought in $10 million in revenue last year, a community improvement district that pools money from area businesses for infrastructure projects and a budget surplus.Studies have shown stadium projects create only modest increases in overall tax revenue and job creation, Long said, although more teams are taking a role in developing lodging, entertainment and retail around the venues.Reed touted the public's relatively small share of costs for the NFL stadium. The stadium will occupy a portion of the site, with the balance being used for parking, mixed-use development and green space. Cars and television sets can be used for far longer, though annual upgrades in each’s technology certainly tempts the consumer to purchase something even better than what they already possess.So how long is a ballpark relevant before it, too, should be replaced?Subscribe to our e-mail newsletter to receive updates.The Braves could not be plainer with their own motivations.

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