Lee’s logic questioned on Braves’ move
May 27, 2014 12:49 AM | 1116 views | 4 4 comments | 9 9 recommendations | email to a friend | print
DEAR EDITOR:

While I remain a strong advocate of moving the Braves to Cobb, I question some of the logic employed by Chairman Tim Lee in his recent column. He projects homeowners “will pay $86.7 million (in taxes to partially retire the bonds) during the first 10 years of the project.” He further projects that during that same time frame, Cobb’s Return on Investment will be some $132.3 million. It is, however, highly unlikely that any of that ROI will find itself going back to homeowners (more correctly, “property owners”) who paid it. It is inconceivable that increased property values or reduced millage rates, even over a 10-year period, would result in a financial benefit commensurate with the bond payments we’ll be making.

I majored in English, not Economics, so it is possible my analysis of this is incorrect. However, if this makes sense, please don’t try to sell me snake oil and tell me it’s youth restorer. I’m still happy the Braves are coming!

Scott Chadwick

Marietta
Comments
(4)
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you say so
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May 28, 2014
Scott I believe you just because you say so.
Cobb Taxpayer
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May 27, 2014
Chairman Lee has no idea WHY the Braves move is great for Cobb Taxpayers - he memely passes on the logic or WHY given to him by the Braves owners and millionairs -

It will be an expensive and troubled for Cobb Tax Payers for many many years.
Neil Franklin
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May 29, 2014
I agree in principle that the Braves will be good for Cobb. The thing that upsets me is how it was handled and the fact that Chairman Lee stated that Cobb's liability would be paid for via the Hotel/Motel Tax.. Now he's saying that Cobb taxpayers are projected to pay over $87M over ten years. If that is true, then he should be sued or removed from office via a re-call. I am fed up with unscrupulous, corrupt politicians, especially those who end their term-of-office much wealthier than when they began!
Lee not getting rich
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May 29, 2014
Your comments seem to indicate that Chairman Lee is getting rich off of his position. As a neighbor of his I can say he still lives in the same house for decades and it is a modest house in an single family neighborhood. There is no sign of rich or someone who is raking in money. But believe what you want if that makes you feel better.
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