published Friday, January 24th, 2014

Atlanta Braves to close on land deal in suburbs

MARIETTA, Ga. — The Atlanta Braves are very close to closing on land to build a new stadium in the city's northwest suburbs.

The Atlanta Journal-Constitution reports that the team is expected to close on the land in Cobb County today.

The newspaper reports that the Braves would pay about $34.2 million — $600,000 per acre — for a 57.1-acre parcel of property near Cumberland Mall. The team has held an option since last fall to buy the land from Bethesda, Md.-based real-estate firm B.F. Saul Co.

In November, the Cobb County Commission approved a new $672 million stadium, which officials hope to open for the 2017 season.

The project is set to take the team out of downtown Atlanta for the first time since it moved to Georgia from Milwaukee in 1966.

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