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Stadium authority to vote on deal with Falcons

ATLANTA — The Georgia World Congress Center Authority plans to vote Monday on a preliminary and nonbinding agreement to build a new stadium for the Atlanta Falcons.

The board is expected to vote on a 24-page framework negotiated by the authority and the team. Under the deal, the state would own the stadium and the Falcons would operate it. The Associated Press reported that the project would be funded by a combination of taxes, team funds and the sale of personal seat licenses.

"The term sheet is an important piece because it sets, really, the sort of foundational business relationship with the team that is carried into" later binding agreements, GWCCA executive director Frank Poe said. "It's basically setting the skeleton, if you will — the framework. And you build muscle on that as you go through each step."

Falcons spokeswoman Kim Shreckengost declined to comment ahead of the meeting.

The proposal calls for the construction of a retractable-roof stadium at one of two locations near the current Georgia Dome. The current stadium would be demolished after the new facility is finished. Cost estimates for the project have ranged from $948 million to more than $1 billion.

The World Congress Center said a news conference has been scheduled for 10:15 a.m.

Comments

skygirl 1 year, 10 months ago

Please look at independent economists research about sports facilities. Never are they even revenue neutral for the local community. The taxpayer always ends up footing more of the bill then the politicians or the team claim.

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dentaldawg83 1 year, 10 months ago

the state had better not pay for this...

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apsLilburn 1 year, 10 months ago

This has been a done deal all along. The "state" doesn't pay for anything, the taxpayer does and yet again we will be stuck with the bill. Remember this all started when the NFL commissioner said that Atlanta would not get a Super Bowl without a new stadium. Isn't it nice that he doesn't have to pay for it and the the politicians that will vote for it continue to get free tickets and luxury boxes to go along with their yes vote.

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dentaldawg83 1 year, 10 months ago

whan I say "state" I'm referring to the taxpayers..

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JohnGalt 1 year, 10 months ago

My position on this is quite simple actually. H-E-DOUBLE-L NO!

In 1966, the Atlanta Falcons opened their first season at Atlanta Stadium (later renamed Atlanta Fulton County Stadium). I remember because we had season tickets. They utilized this stadium up until 1991 when they moved to the new Georgia Dome some 25 years later. I relinquished my season tickets at that time.

Starting in the 1992 season, the Falcons began playing at the Georgia Dome. Quite frankly, there was absolutely nothing wrong with the Atlanta Stadium except for the fact it was outdated by their very own definition of what "outdated" means. The Atlanta Braves wrapped up their season in 1996 when they began using Turner Field which was constructed, in part, as the venue for the Opening/Closing Ceremony for the 1996 Summer Olympic Games. Turner Field required a huge transformation to convert it from an Olympic Stadium to the Baseball Stadium that it is today. Now, some 20 years and a new owner, Arthur Blank, later, the Falcons have decided that they once again have to have a new stadium. Let's not forget the Omni replacement after 25 years by the Phillips Arena also.

This is a level of absurdity that defies common sense. The first question you have to ask is who is the beneficiary? Well, in a nutshell, it's the teams. They tend to get the most benefit from these facilities. The tax revenues simply don't justify the expense.

Think about this. It is only a matter of a few years, 2016, before Turner Field is 20 years old and requires replacement. It is only a matter of a few years, 2017, before Phillips Arena is 20 years old and requires replacement. Where does this lunacy end, and especially given the economic outlook of this country. These stupid people are spending us down a rat hole that we, and more specifically, my grandchildren, will ever be able to climb out of. And they are going to have to suffer the consequences of the reckless behavior of others, for which they never even had an opportunity to vote. It is absolutely despicable. In excess of $1B to build it? Seriously?

You people want equipment and facilities less than 25 years old for these “outstanding role models” to use. Pardon me for pointing out what in my view is the obvious, but I think your priorities are way out in left field ~ pun intended!

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R 1 year, 10 months ago

I look at these staduim deals with absolute amazement ...

Does Atlanta / Fulton county have plans in place to update water/sewer lines and facilities already? Where does Atlanta get the 30 ton 50 million they claim they will kick in? What about ongoing routine fines for sewer contamination?

Can the Falcons at LEAST actually win a couple of super-bowls in the SAME decade before they get the new nest?

Why there are even people who claim the current motel/hotel tax can't ALL be spent by the World Congress Center on maintenance as the current legislation requires, so we NEED to build a new place just to SPEND the tax money and RAISE the tax rate...

Has STRA now taken control of sports complexes? Maybe they could charge HOT Lane rates on ALL those buying tickets too...
The rates would vary on traffic and you have BUY a sticker first, just so you can buy the right to buy a spot in the line to MAYBE buy seat passes later...

Special "green fee" on internet purchases, the money is just rolling in.

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Mack711 1 year, 10 months ago

Once again a sports team is holding a city hostage. Like the Falcons are really going to help pay for all this. Do they really generate that much revenue to cover the cost of the new stadium? Look at Wrigley field and Fenway park. Classic stadiums. Can the taxpayers really afford to be building new stadiums every 25 years. Is the dome paid for and is it making money these are the questions that need to be asked by the taxpayer, Not the NFL commissioner threating us with not getting another Super Bowl.

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NewsReader 1 year, 10 months ago

95% of residents say "NO" to a new stadium deal in Atlanta. But it makes little difference because the GWCC "Authority", whatever that is supposed to mean, will vote for it in spite of the objections of the taxpayers because they don't listen any more than the SRTA or any other such Governmental (with the emphasis on "mental") "Authority".

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toby 1 year, 10 months ago

Politics at it best. This has nothing to do with needing a stadium. This has to do with who will get their hands on taxpayer money. Every game I've been to there are plenty of empty seats even when it's a sell out. So needing a stadium is a bunch of horse squeeze. If Authur wants a stadium, he can go build his own and control it his way.

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