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Braves ballpark pricey, depends less on taxes compared to parks in Miami, Minneapolis | News

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Braves ballpark pricey, depends less on taxes compared to parks in Miami, Minneapolis
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ATLANTA -- The Atlanta Braves showcased the look of their new stadium and preview center Wednesday – revealing ticket price increases they say will be modest and still affordable. The Braves will need that new revenue to help pay off their Suntrust Field.

The Braves open-air stadium, due to open in 2017, will cost more to build than major league baseball's current-newest ballpark, the domed stadium that opened three years ago that hosts the Miami Marlins.

SunTrust Park is due to be built for up to $672 million.

Marlins Park cost $632 million. It opened in 2012.

The next newest ballpark – Target Field in Minnesota, cost $545 million. That ballpark opened in 2010.

The taxpayer contributions to those three ballparks varies significantly, however. In Minnesota, taxpayers covered most of the costs to build Target Field. Hennepin County levied a .15 percent sales tax to pay for construction of Target Field.

It means taxpayers paid for two-thirds of the construction of Target Field, while the Minnesota Twins paid for one-third.

Taxpayers got nicked even more in Miami, in a deal that still roils south Florida politics. Eighty percent of the construction cost for Marlins stadium comes from taxpayers – though much of that is from tourism taxes. The Marlins paid less than 20 percent of the construction costs.

Compare that to the Braves – where the Braves are due to pay 55 percent of the construction costs, while local tax subsidies are due to pay 45 percent.

Yankee Stadium, which opened in 2009, cost $2.3 billion, according to Wikipedia. That makes it the most expensive stadium in America. Taxpayer subsidized more than half that cost, according to Wikipedia.


PHOTOS | SunTrust Park taking shape

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