The Braves Play Taxpayers Better Than They Play Baseball
Bloomberg Businessweek|May 2 - May 8, 2016

Is building a stadium for the Braves a good deal for anyone but the Braves?

Ira Boudway and Kate Smith
The Braves Play Taxpayers Better Than They Play Baseball

Sometime in 2003, when he was the mayor of Pearl, Miss., Jimmy Foster got a visit from a man he’d never met. The stranger, Tim Bennett, came to City Hall, an old brick schoolhouse on Pearl’s church-lined main street. “He just showed up in my office that day,” says Foster, “and started talking about baseball.” Specifically, Bennett wanted to know if Pearl might be interested in building a stadium for a minor league team.

A ballpark, it turned out, was just the kind of project Foster was looking for. Now 62, with gray hair and a potbelly, Foster, who spent 19 years as a policeman in Pearl before becoming mayor, was desperate to help his hometown shed its reputation as a poor neighbor of Jackson. “There just wasn’t a lot of commercial or retail in town,” he says. “And there wasn’t a lot of money.” The sewers, the streets—it all needed attention. “Having a baseball team in Pearl? That was a pipe dream.”

Nobody had sent Bennett to Pearl. He was working in construction and trying to launch himself as a dealmaker. “I was really a rogue,” he says. Now 47, he came to Mississippi from central Florida, where his father ran a lawn- mowing business. “We grew up in a double-wide trailer with six of us and a bunch of dogs and cats,” he says. “And we cut grass for the right people.” One of the lawns Bennett used to tend belonged to a part-owner of the Tampa Bay Rays, and he learned that the franchise’s Double-A team was looking to move elsewhere.

This story is from the May 2 - May 8, 2016 edition of Bloomberg Businessweek.

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This story is from the May 2 - May 8, 2016 edition of Bloomberg Businessweek.

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