Falcons owner, Atlanta mayor reach deal on downtown stadium
Over the past few months the Atlanta Falcons have been trying to secure a deal for a new stadium in Atlanta. Now, it appears as though the stadium may be becoming a reality. ProFootballTalk’s Michael David Smith is reporting that Atlanta Mayor Kasim Reed and Falcons owner Arthur Blank announced at city hall today that the city of Atlanta will be providing $200 million of the $1 billion for a new stadium in downtown Atlanta.
“I am pleased that we reached an agreement that will ensure the Atlanta Falcons remain in the heart of our city for many years to come and will lead to revitalization of some of the city’s most historic neighborhoods,” Reed said, via FOX Atlanta.
Blank praised the deal as a “win-win,” while the city stressed that the $200 million would come from taxes on hotel rooms, rather than taxes from Atlanta residents.
The new stadium would replace the twenty one year old Georgia Dome.
If the new stadium is to begin construction, the Falcons need the Georgia World Congress Center Authority, the Fulton County Commission and the Atlanta City Council to approve their stadium.
However, funding can be the hardest thing to secure and today the Falcons have secured twenty percent of their stadium.
Perhaps the Falcons could be playing in a new stadium by 2015 or 2016.