More info on stadium funding needed
January 20, 2014 09:29 PM | 1641 views | 0 0 comments | 17 17 recommendations | email to a friend | print
DEAR EDITOR:

Did the front page article in Wednesday’s MDJ mistakenly omit sources for funding the county’s $17.9 million annual debt service requirement on the bond issue that will finance the new Braves stadium or will the citizens of Cobb County find themselves subjected to as yet undisclosed new taxes or further reductions in county services?

Annual revenue from the three proposed code changes listed in the article totals only $8.3 million, leaving an annual shortfall of $9.6 million.

Additionally, I have yet to see any information regarding sources of revenue to effect repayment of the $368 million principal.

R.S. Pino

Marietta

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