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Thread: City of Atlanta/Falcons reach deal on new stadium

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    City of Atlanta/Falcons reach deal on new stadium

    City of Atlanta/Falcons reach deal on new stadium

    A tentative deal has been reached to build a new billion-dollar stadium for the Falcons in downtown Atlanta, city and team officials said on Thursday.

    Mayor Kasim Reed and team owner Arthur Blank made the announcement during a press conference at City Hall.

    Under the proposed deal, Reed said that the city will contribute $200 million, which will come from the city's hotel-motel tax. The other $800 million will be paid by the Falcons. The Falcons will also contribute an additional $50 million in infrastructure costs.

    Reed said that the Arthur Blank Family Foundation would contribute another $15 million to fund developmental projects in the English Avenue, Vine City and Castleberry Hill neighborhoods, close to the new stadium. The city also would contribute an additional $15 million for those projects, according to a press release.

    "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," said Reed.

    Blank called the deal a "win-win" for all parties involved. Blank said that the team was committed to the city of Atlanta.

    Team officials said that a site just south of the Georgia Dome is the preferred site, but there are still details that need to be worked out.

    Reed said that the deal includes a "Equal Business Opportunity Plan" that calls for at least 31 percent participation by women and minority business enterprises in the construction of the new stadium.

    "Equally important, a new stadium will lead to the creation of well-paying jobs during its construction at a time when many of our friends and neighbors are seeking employment," Reed said.

    City officials stressed that the deal would not impose any new taxes on city residents or businesses.

    Georgia Gov. Nathan Deal praised the agreement.

    Reed said the hope is that the new stadium is built in District 3, which is the district represented by Councilmember Ivory Young.

    In the Vine City neighborhood, community leaders said they would not make the same mistakes as when the Georgia Dome was built.

    "$10 million was negotiated in that trust fund. Those monies never touched this community. They were spent in other areas of the city, but they were designated for this community," said the Rev. Andrew Motley of Lindsey Street Baptist Church.

    Leaders said that they will work with the city and the Falcons to get the $30 million promised in the proposed deal.

    The proposed deal is now in the hands of the Georgia World Congress Center and the Atlanta Falcons Association, Reed said.

    The Atlanta City Council must still approve the new deal, officials said.

  2. #2
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    Re: City of Atlanta/Falcons reach deal on new stadium

    A win-win for everyone except tax payers. Any public money going towards new stadium deals should go towards improving the infrastructure around the neighborhood where the stadium is being built.
    SEC mother****in rah rah

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    Re: City of Atlanta/Falcons reach deal on new stadium

    And putting it back in the ghetto. Can't believe they are doing that.

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    Re: City of Atlanta/Falcons reach deal on new stadium

    will it be an outdoor stadium?

    they don't need a new indoor one if they Georgia Dome isn't even that old.

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    Re: City of Atlanta/Falcons reach deal on new stadium

    Stupid
    Kentucky 41 - Louisville 38.
    L's Down.


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    Re: City of Atlanta/Falcons reach deal on new stadium

    It will be a retractable roof stadium, hopefully with a grass playing surface.

    I'm not a huge fan of the deal, but it had become painfully apparent the city had to go along with Blank's desire for a new facility. They couldn't take the chance that he'd build a competing one in the 'burbs.

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    Re: City of Atlanta/Falcons reach deal on new stadium

    Should have totally moved it away from the Hood, towards the burbs like most other teams are doing.

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    Re: City of Atlanta/Falcons reach deal on new stadium

    Quote Originally Posted by HunkerDown View Post
    And putting it back in the ghetto. Can't believe they are doing that.
    The ghetto will be in the suburbs w/n 20 years.
    "I am a true labourer: I earn that I eat, get
    that I wear, owe no man hate, envy no man's
    happiness, glad of other men's good"
    - Corin in Shakespeare's As You Like It


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    Re: City of Atlanta/Falcons reach deal on new stadium

    Quote Originally Posted by HunkerDown View Post
    Should have totally moved it away from the Hood, towards the burbs like most other teams are doing.

    In Nashville, LP Field (Home of Titans) is in the "hood" (which is gentrifying). Withing a year, the Cayce Home PJs will be torn down and replaced over a minimum of 10 years. I suspect this is a land grab like other instances across the USA, but beggars can't be choosers and nobody wants to live near a drug nest. East Lake is being quoted as a model, ironically.
    "I am a true labourer: I earn that I eat, get
    that I wear, owe no man hate, envy no man's
    happiness, glad of other men's good"
    - Corin in Shakespeare's As You Like It


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