The Populous-designed new SunTrust Park will open in spring 2017.

On the same day the Atlanta Braves broke ground on a $672-million stadium, they also broke some news. The team announced a 25-year agreement with Atlanta-based SunTrust Banks Inc. to name the new facility SunTrust Park.

The 41,500-seat stadium in Cumberland, Ga., will replace the Braves’ home of nearly 20 years, Turner Field, in the spring of 2017.

At the groundbreaking ceremonies, Braves officials said the deal...

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