Articles Posted in Entertainment & Sports Law

by
Appellants Larry Savage, Richard Pellegrino, and Tucker Hobgood challenged a trial court’s validation of revenue bonds that will be used to help finance a new stadium in Cobb County for the Atlanta Braves major league baseball team. The bonds for the stadium project were to be issued pursuant to an intergovernmental agreement between Cobb County and the Cobb-Marietta Coliseum and Exhibit Hall Authority, under which the Authority agreed to issue bonds to cover much of the cost of constructing the stadium and the County agreed to pay amounts sufficient to cover the bond payments not covered by the licensing fees paid by the team. In consolidated appeals, the Supreme Court concluded that the intergovernmental contract was valid; that the issuance of the bonds would not violate the Georgia Constitution’s debt limitation clause, gratuities clause, or lending clause or Georgia’s revenue bond laws; and that the process used to validate the bonds was not deficient. The Court therefore affirmed the trial court’s judgment validating the stadium project bonds. View "Savage v. Georgia" on Justia Law