A development authority official in metro Atlanta says he feels misled by real estate developers seeking a tax break for a mixed-use complex near the Atlanta Braves stadium because they never mentioned the team has a stake in the project.
The Braves’ organization had previously pledged not to ask for tax incentives to help pay for its development projects outside the Truist Park stadium after the team received $300 million in subsidies to help fund its construction.
Now the baseball team’s development arm, the Braves Development Co., is part owner of nearby property on which developers plan a two-building luxury apartment, hotel and retail complex, The Atlanta Journal-Constitution reported.