Falcons owner, Atlanta mayor reach deal on downtown stadium
With the mayor of Atlanta on board, the Falcons have taken a big step toward getting a new downtown stadium.
Atlanta Mayor Kasim Reed and Falcons owner Arthur Blank appeared together at City Hall today and said they’re both on board with a plan that would feature the city paying $200 million toward the $1 billion cost of a new stadium to replace the 21-year-old Georgia Dome.
“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.
Before the Falcons officially have a deal in place, they also need the Georgia World Congress Center Authority, the Fulton County Commission and the Atlanta City Council to approve. But it appears that the biggest hurdles have been cleared, and the Falcons are getting a new downtown stadium.