A proposed 250,000-square-foot tower near Truist Park to house new Truist Financial Corporation offices is seeing opposition from Cobb County officials who say the Atlanta Braves are seeking tax breaks in violation of previous pledges.
When Cobb County was debating the financial plan for the ballpark and The Battery, the mixed-used district surrounding the ballpark, President and CEO of Braves Development Company Mike Plant is on record as saying the team would not seek subsidies for mixed-use development. So there are a few members of the Development Authority of Cobb County (DACC) asking why the team is seeking a 10-year property tax break to help finance a $200-million, 250,000-square-foot office tower for Truist Securities, Truist’s full-service corporate and investment bank.