Georgia’s High Court Rules Braves Stadium Bonds Valid

The opinion was unanimous. It says the contract to authorize the bonds between Cobb County and the Cobb-Marietta Coliseum and Exhibit Hall Authority is valid. The opinion went on to say financing for the Braves deal was structured in a manner consistent with revenue bond law and previous rulings on the state’s constitution. Cobb County Chairman Tim Lee says he’s pleased with the decision.

“It’s basically the green light to move all the way to the end, and get it finished, without any other concerns outstanding,” says Lee.

Those opposed argued the intergovernmental agreement to authorize the bonds is illegal. They also said the state’s constitution outlaws the use of public money for a private project without a voter referendum. Rich Pellegrino argued against the bond issuance and was disappointed with the high court.

“It failed the people,” says Pellegrino. “It also indicated that there really was no rule of law when it comes to big corporations, which we’ve seen played out in the country and around the state.”

The stadium is expected to open for the 2017 baseball season.