A $622 million project budget was allocated to the public-private partnership that built the stadium.[9][15] For the renovation, the Cobb-Marietta Coliseum & Exhibit Hall Authority issued bonds worth up to $397 million.[16] In addition, the county received $10 million in funding from Cumberland Community Improvement District firms and an extra $14 million in transportation taxes.[9] The remaining funds for the park and The Battery Atlanta were provided by the Braves.[9] The Braves’ owners, Liberty Media, allocated $672 million for Truist Park and $452 million for The Battery Atlanta in a security filing from March 2015. This means that the overall cost of the project exceeds $1.1 billion.[17] The Braves will contribute to the county’s bond repayment on the project by spending $181 million over a 30-year period.
On March 31, 2017, the Braves held a soft opening game for season ticket holders against the New York Yankees during the preseason.[19] On April 14, 2017, the park hosted its first regular season game, which was against the San Diego Padres.[20]
The stadium’s name rights were first purchased by SunTrust Banks in 2014. Following a merger in 2020, the ballpark was renamed Truist Financial and SunTrust became The Braves declared on November 11, 2013, that following the 2016 season, they would relocate from Turner Field to a new park.[23] The Braves had called Turner Field home since the 1997 campaign. Originally constructed as Centennial Olympic Stadium for the Summer Olympics in 1996, it was specifically meant to be used only for baseball after the Olympics finished, even though this precluded its usage for other events like track and field. The Atlanta-Fulton County Recreation Authority (AFCRA) leased the stadium to the Braves for a period of 20 years.[23] The Braves controlled every aspect of running the ballpark. Compared to 13 of the other 29 major facilities, Turner Field was a relatively new establishment.
