2013 has ended with a bang for Cobb County with the announcement in November of the Atlanta Braves leaving their Turner Field home after the 2016 season and moving to Cobb. The net result for Cobb will be a $672 million stadium in the Cumberland CID funded through a public/private partnership with the county. In addition, the Braves and their partners will also bring a $400 million mixed-use development around the stadium that will be completed by the opening of the stadium in 2017. This will be the first development in history built in tandem with a professional sports venue and is slated to bring restaurants, shops, condos and a hotel to the 45 acres surrounding the stadium and will be 100 percent funded by the Atlanta Braves.
The Braves organization wants to create a year-round destination for fans that will accompany the existing assets in the Cumberland CID which includes the mall, Galleria and Performing Arts Center. The development will also have an amphitheater with the potential for big name concerts throughout the year. If you have ever been to Disney World, the CID plans to create a tram-like system that will circulate around the CID area so fans can get to various locations without having to get back in their cars.
During Braves home games, the goal is to get fans to the Cumberland area early and have them stay late. Unliked the Ted, the new Braves stadium is sure to greatly enhance the fan experience. What this means for Cobb business is roughly 80 days per year the Braves will draw consumers from the metro area and around the southeast who need places to eat, sleep and shop.
What a year for Cobb’s business community. You’ve read the front page. You’ve read the top five stories and the notable stories. And to think, there is still much, much more that happened this year. Lest we forget, here are a few.
We mentioned WellStar celebrating an anniversary. But the Cumberland CID celebrated 25 years. The work of that CID has been a shining example of what a CID can do. We only see the Cumberland CID growing in stature and helping benefit Cobb in the next 25 years and beyond.
Further north is Kennesaw State University. While KSU celebrating 50 years is more of an educational or progress story, the trickle-down economics of the university and the way it has helped raise Cobb’s profile is beyond calculation. Expect the university’s profile to only grow with the football program coming on strong.
Another Door Opens ...
On top of all that, the housing and commercial markets appear to be on the rebound. At least according to all of our reports. Dozens of projects broke ground this year in the retail and commercial sector. And how about little old Cobb landing DOW’s first Southeastern office?
Good for Georgia, too ...
And the good news for Cobb is similar to the state’s economic picture too. Georgia was recently named as the best state in the nation for business. Last month, Gov. Nathan Deal announced Georgia’s business climate was named No. 1 in the nation by Site Selection magazine, one of the nation’s top economic development trade publications. The magazine releases its annual rankings each November. Site Selection magazine, published by Conway Data Inc., delivers expansion planning information to 49,000 executives of fast-growing firms.
Bells are ringing
Synovus Chair and CEO Kessel Stelling of east Cobb rang the closing bell at the New York Stock Exchange last month as part of his bank’s 125th anniversary celebration.
Dare we tout ourselves?
Well, this marks our first December in publication. When we launched in April, we were confident we were filling a niche hole in Cobb’s business market.
We’ve been pleased to receive the warm welcome and great input from the community.
Keep the article ideas coming!