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Falcons' stadium plan passes final hurdle

The Atlanta Falcons' plan for a $1 billion retractable-roof stadium in downtown Atlanta passed its final significant hurdle Thursday, according to the Atlanta Journal-Constitution.

The paper said that the city's economic development arm approved issuing more than $200 million in bonds covered by city hotel-motel taxes by an 8-1 vote. The team intends to have the stadium completed by 2017.

Mayor Kasim Reed told the Journal-Constitution that the deal will keep the Falcons in Atlanta for the next 30 years.

"We're building a best-in-class facility that will help us attract new events and retain the Falcons," he said, adding: "They were going somewhere ... Whether that was the suburbs or another city, they weren't staying (at the Georgia Dome)."

In a statement, the Falcons said the remaining construction costs will come from the team and other private funds.

Comments

kevin 1 year, 6 months ago

This is going to be the biggest "white elephant" the city of Atlanta will see. All this just to have a place with a retractable roof! What a sell job they did on the Mayor. No one saw the demand for higher profits behind this deal.

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Elbonian 1 year, 5 months ago

As always, this is all about the team making more money. More (and bigger) luxury boxes to sell. Plusher surroundings to justify higher ticket prices and higher concession prices. Anything (and everything) to make more bucks. Luckily, they are only hitting up taxpayers for $200 million (plus unspecified ancillary costs). As long as you avoid buying anything at a local hotel/motel, and avoid going to any games, you won't have to pay a dime.....

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LilburnsFuture 1 year, 5 months ago

Bring on the World Cup! All those hard working immigrants will now be spending money here in GA to watch soccer instead of in Mexico. Atlanta Falcon Fans may actually have a better place to tailgate as well. I am OK with that!

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