Georgia State University has outlined its proposal to purchase Turner Field and the acres of parking lots that fill the space between it and downtown.

GSU, along with a development team, would create a new southern campus and mixed-use development. GSU would convert The Ted into a 30,000 seat football stadium, and build other sports facilities, students housing, classrooms and greenspace on part of the 80-acre site, and real estate developer Carter would build a mixed-use  development of shops, restaurants, retail, hotels and housing.

ReadDocuments released Wednesday outline Cobb County's deal with the Braves

GSU President Mark Becker outlined the vision in an exclusive interview with the Atlanta Journal-Constitution.

The university is one of a handful of suitors proposing to purchase the southeast Atlanta property when the Braves head north to Cobb County in 2017,

Atlanta Mayor Kasim Reed said he wants the Braves to notify the city if it plans to exercise its option to extend its lease, which ends Dec. 31. 2016, by five years. The terms of the lease give the Braves until Jan. 1, 2016 to officially give notice.

Watch Channel 2 Action News beginning at 4 p.m. for a live report from Dave Huddleston.