Apr. 30—The Atlanta Braves and Truist Financial Corporation have withdrawn their request for bonds and tax breaks to help build a new office tower at the Battery Atlanta, the Development Authority of Cobb County confirmed on Friday.
The authority was notified that the Braves and Truist were withdrawing their requests for a 10-year tax abatement and $200 million in taxable revenue bonds, Nelson Geter, the authority's executive director, said Friday.
No reason was provided for the withdrawal, Geter said.
The development authority's board had voted on April 19 to approve two inducement resolutions, agreements which indicate the authority's willingness to issue bonds, for the construction of a new office tower at the Battery.