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Falcons get $200 million loan for new stadium

The Falcons will soon have a new home, after NFL owners approved a $200 million loan Tuesday for construction of a new Atlanta stadium.

The Falcons received the money Tuesday at the league's spring meetings. The multipurpose venue could cost as much as $1 billion.

"Today's approval by the NFL team owners is an important milestone in moving the new stadium project forward," Falcons owner Arthur Blank said in a statement.

Blank will supply the rest of the funds, and said the design and construction will happen over the next four years. The building is expected to be completed by the 2017 season.

The Georgia Dome, which opened in 1992, will be demolished when the new stadium opens.

Comments

kevin 1 year, 5 months ago

I guess we are getting closer to the real toilet bowl and seat stadium!

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JHogan 1 year, 5 months ago

The Gwinnett Daily Post has had two--2--chances at this story and you got it wrong both times. The first time could be relegated to ignorance, but the second time is willful misinformation.

If there's anything the greater Atlanta area needs right now it's a credible source of information. This is the #1 growth industry in this area , and the GDP just blew its chance to fulfill that niche.

For the record, Arthur M. Blank, owner of the Falcons, will get a huge donation from the state of Georgia to build his playhouse. All while policemen in Atlanta forego raises, while the teachers are being furloughed, while the residents are being told that they will have to pay for the repairs to the sidewalks in front of their own houses, this guy walks off with hundreds of millions of public money. No, No A thousand times No!

This is wrong and should be repealed, but the GDP can't even see fit to print the relevant information. What a crying shame.

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