Mayor Kasim Reed said at a news conference that the stadium will not be left vacant after the team starts playing at a new field in Cobb County in three years.
“We’re going to have a master developer that is going to demolish the Ted and we’re going to have one of the largest developments for middle-class people that the city has ever had,” he said, referring to the stadium’s nickname.
The mayor said Atlanta had hoped to keep the team in the city but could not afford to do so. He says the city would have had to take on $150 million to $250 million in debt to make the improvements the Braves wanted at Turner Field.
Source: Associated Press, ESPN.com