AP Sports Writer

ATLANTA (AP) - Mayor Kasim Reed says there was no way the Atlanta Braves were going to stay in downtown without city taxpayers spending hundreds of millions of dollars.

In a statement Monday, Reed said the city was unwilling to match an offer put together by nearby Cobb County given the needs facing Atlanta.

In a stunning announcement, the Braves said Monday they're moving in 2017 to a new 42,000-seat, $672 million stadium about 10 miles from downtown in suburban Cobb County, apparently swayed by a lucrative financial package that was just too good to pass up.

Reed said the city couldn't match a $450 million offer from one of Atlanta's sprawling northern suburbs.