Plans call for a North Port stadium with a capacity of about 8,000, plus six full practice fields, two half fields and about 55,000 square feet of clubhouse and office space.
The Braves pursued a new spring-training home in Florida for almost three years, turning their attention solely to Sarasota County in January after previous discussions with Pinellas County (St. Petersburg), Collier County (Naples) and Palm Beach County.
Taxpayers will contribute more than $40 million toward the new facility, plus interest. Sarasota County will cover $21.3 million of the construction cost, the state of Florida $14.4 million and North Port $4.7 million. (The state’s commitment is $20 million over 20 years, including interest payments.)
The Braves are on the hook for $55.5 million through a combination of up-front payments of about $18 million and annual payments over 30 years sufficient to cover debt service on $37.5 million in bonds. A private developer will contribute $4.7 million.