Ragan: One of the things we have learned through the years is to be very intentional with our communication and how are we going to communicate with the partners. Communication is obviously a crucial part of building the joint venture relationship.

We arrange regular, face-to-face meetings, including quarterly executive updates, for all the key people involved in the joint venture and make a point to share information openly. This builds trust among all the partners, and the more trust you have, the greater the chances of success.

GlobeSt.com: Why has the SunTrust Park joint venture been successful and made it possible to build faster than any other ballpark?

Ragan: We knew from day one what the schedule was. When it came to assembling the team, we realized we needed seasoned people so we hand-picked the best four companies for this project.

Everyone knew the Herculean task at hand—completing a 1.1 million square-foot stadium in two years. But by putting the right people in place, we've been able to ensure the Atlanta Braves will be in their brand new ballpark come opening day.

Read about how the firms navigating challenges in my past interview.

ATLANTA—In 2015, Cobb County, GA closed a $376.6 million bond transaction to build SunTrust Park, which will serve as the Atlanta Braves' new home. The bonds will fund over half the cost of the $622 million stadium construction.

The 41,500-seat stadium, located at the intersection of Interstates 75 and 285, is scheduled to open in April 2017. It will occupy about 15 acres of a larger tract being developed by the Braves as a mixed-use development.

SunTrust Park is being constructed by American Builders 2017, a joint venture between Brasfield & Gorrie, Mortenson Construction, Barton Malow Company and New South Construction. GlobeSt.com caught up with Rob Ragan, vice president of business development for New South Construction, to get his insights on communication strategies to make joint ventures work in part three of this exclusive interview.

GlobeSt.com: What strategies are put in place to ensure effective communication in joint ventures?

Ragan: One of the things we have learned through the years is to be very intentional with our communication and how are we going to communicate with the partners. Communication is obviously a crucial part of building the joint venture relationship.

We arrange regular, face-to-face meetings, including quarterly executive updates, for all the key people involved in the joint venture and make a point to share information openly. This builds trust among all the partners, and the more trust you have, the greater the chances of success.

GlobeSt.com: Why has the SunTrust Park joint venture been successful and made it possible to build faster than any other ballpark?

Ragan: We knew from day one what the schedule was. When it came to assembling the team, we realized we needed seasoned people so we hand-picked the best four companies for this project.

Everyone knew the Herculean task at hand—completing a 1.1 million square-foot stadium in two years. But by putting the right people in place, we've been able to ensure the Atlanta Braves will be in their brand new ballpark come opening day.

Read about how the firms navigating challenges in my past interview.