In an interview with the AJC, Atlanta Mayor Kasim Reed opened up about the impending renovations to Philips Arena, home of the NBA’s Atlanta Hawks. The total pricetag looks to be somewhere north of $250 million, with taxpayers footing the bill for some $150 million of that. The debate over paying for arenas for billion dollar sports franchises with public money, and the plethora of studies showing how that process virtually never pays off for taxpayers is due to start up again, re-opening Braves and Falcons wounds that have hardly begun to heal. More public tax dollars that help millionaire owners way more than the taxpayers themselves means this ship is DRIFTING…
Georgia lawmakers back the Braves
As the Atlanta Braves continue their playoff battle with the LA Dodgers, a group of Georgia lawmakers are backing them in a battle of their own. U.S. Reps. Brian Jack and Lucy McBath, along with U.S. Sen. Raphael Warnock, have introduced legislation to extend a provision in the 2021 American Rescue Plan that would allow publicly traded organizations – like the Braves – to treat some of their high-salaried players like executives as a normal business would. This savvy tax move would save the team more than $20 million next season, money which now can be reinvested in the squad, which has the Braves and their fans RISING…
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