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ed early and led by as many as 10 points in the opening half, gaining a 16-6 lead on Cooneys second straight 3-pointer at 12:47. Keitas three-point play kept the Or

Started by luyp123, 2015/11/04 05:09AM
Latest post: 2015/11/04 05:09AM, Views: 270, Posts: 1
ed early and led by as many as 10 points in the opening half, gaining ...
#1   2015/11/04 05:09AM
luyp123
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. 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: http://twitter.com/AP_Christina. wholesale nfl jerseys . The veteran safety was a starter for the Bengals from 2008-2012. He totaled 41 tackles and three interceptions while starting all but four of the 13 games he played last season. wholesale jerseys china . -- Ryan Getzlaf grabbed the three pucks wrapped in tape and held them up to his chest in the Anaheim Ducks dressing room for a celebration nine seasons in the making. http://www.wholesalejerseysdeals.u... . He said Tuesday thats a big reason why he is now the new coach of the Tennessee Titans. Whisenhunt said he hit it off quickly with Ruston Webster when interviewing for the job Friday night. [url=http://www.wholesalejerseysdeals.us.com/]wholesale jerseys .ca looks back at the stories and moments that made the year memorable.SYRACUSE, N.Y. -- Syracuse has turned up the defence at the right time all season, and when High Point threatened to pull off a monumental upset the second-ranked Orange did what they do best with their quick hands and savvy play. Trevor Cooney hit five 3-pointers and scored 17 points, C.J. Fair added 15 points, and Syracuse forced 15 turnovers in the second half to pull away from the Panthers 75-54 on Friday night. A three-point Syracuse lead at the half turned into a one-point deficit early in the second half when Devante Wallaces leaner in the lane gave High Point a 40-39 lead. The Orange (11-0) responded with a 28-3 run to erase any doubt about the outcome. "We knew in the second half we had to get our confidence early, but we kind of started off a little bit slow again the first couple of minutes," Fair said. "But then we got it going. We got the stops we werent making in the first half. They were making us work on offence and on the defensive end, taking their time, and we were taking quick shots and not making them work." The Orange are the highest-ranked team High Point has ever played. The Panthers lost to third-ranked North Carolina 94-69 in December 2006 and are 2-26 against the Atlantic Coast Conference, the two wins coming more than 50 years ago. They departed deflated by the score but satisfied with the effort. "Im really proud of my team and the way that they battled and competed," High Point coach Scott Cherry said. "This should give us some confidence to be able to compete with anybody in the country. It doesnt mean were going to beat them, but we should certainly be able to compete with all the teams in our league. Im proud of everybodys effort. They competed the whole game." Cooney, who entered the game shooting 46.3 per cent from beyond the arc, has made at least five 3-pointers in six games this season. Freshman point guard Tyler Ennis had 10 points and matched his season high with nine assists and Jerami Grant also had 10 points for Syracuse. Wallace led High Point with 10 points, Anthony Lindauer had nine, and Dejuan McGaughy and Lorenzo Cugini seven apiece. Leading scorer John Brown, averaging 20.1 points, was held to a season-low six points on 3-of-11 shooting. "Its toough when he plays these guys with this length," Cherry said about Brown, his redshirt sophomore star.dddddddddddd"Hes in the inside and hes trying to find space, and theres not a lot of space to work down there. But he did get some good looks. For some reason, he didnt convert them tonight. He was just trying his heart out." Syracuse finished 29 for 54 (53.7 per cent) and scored 38 points in the paint. High Point stayed with the Orange at the outset of the second half. Brown blocked Dajuan Colemans shot and then converted a dunk at the other end to narrow the Syracuse lead to a point. After falling behind for the second and final time in the game, Syracuse responded with an 11-0 spurt in less than 3 minutes. Baye Moussa Keita started it with a putback and Ennis scored two baskets in 6 seconds, hitting a driving layup and then stealing the inbounds pass for another easy bucket. Two free throws by Grant and Cooneys fourth 3 of the game capped the quick spurt and put Syracuse up 50-40 at 14:03. Fairs runner and another 3 from Cooney boosted the lead to 55-43 midway through the half as the Orange overwhelmed the Panthers, who committed 19 turnovers that Syracuse converted into 27 points. "The first half, when youre not active, you dont force turnovers," Syracuse coach Jim Boeheim said. "We forced four turnovers in the first half, 15 in the second, and that got us out, got us some easy baskets. That was really the difference -- starting to just really play defence." Syracuse received a scare when Grant slipped to the floor with a sprained left ankle midway through the second half, but he walked off OK and retreated to the locker room to get examined. Syracuse pressed early and led by as many as 10 points in the opening half, gaining a 16-6 lead on Cooneys second straight 3-pointer at 12:47. Keitas three-point play kept the Orange lead intact at 11:55, but the Panthers had begun to find their range from outside with Lindauers 3-pointer. After missing six of their first seven shots, the Panthers finished the half 14 of 28 and were 6 of 12 from beyond the arc as four players hit from long range. They made 2 of 8 from beyond the arc in the second half and shot just 7 of 20 (35 per cent) overall. wholesale stitched jerseys wholesale jerseys wholesale nfl jerseys cheap nfl jerseys cheap nfl jerseys china ' ' '


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