Board approves terms for Atlanta stadium deal

Monday, Dec. 10, 2012 12:40 PM
Last updated 7:56 PM
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ATLANTA — The Georgia World Congress Center Authority has approved the framework for a deal that would lead to a new downtown stadium for the Atlanta Falcons.

The authority’s board members unanimously approved general terms of the stadium proposal after a meeting Monday morning in downtown Atlanta.

The new stadium is projected to cost between $948 million and just over $1 billion.

A 24-page document lays out terms negotiated between Falcons representatives and the Georgia World Congress Center Authority, including who would own the stadium and how it would be paid for.

The World Congress Center Authority said in a news release after the vote that the new stadium, scheduled to open in 2017, would house the Falcons, as well as other sports, convention and entertainment events.

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Riverman1
84197
Points
Riverman1 12/10/12 - 03:04 pm
6
0
Too bad we can't disassemble

Too bad we can't disassemble the old one and move it to Ludowici.

soapy_725
43678
Points
soapy_725 12/10/12 - 03:13 pm
0
0
Will the TSPLOTS go to this new construction?
Unpublished

Not surprised in a downturn economy. A city that cannot manage its own sewer system or provide enough potable water.

seenitB4
87419
Points
seenitB4 12/10/12 - 03:39 pm
4
2
A BILLION DOLLARS

GEEZ...see Augusta is not the only one with pie in the sky ideas....callme crazy but I think we could use other things more so than a stadium...I ain't gonna pay...dang this...I would rather have a nice casino myself...

justthefacts
22021
Points
justthefacts 12/10/12 - 05:21 pm
2
0
Hoo Boy

Not needed...... but, guess we'll enjoy it.

rmwhitley
5547
Points
rmwhitley 12/10/12 - 05:23 pm
0
0
The falcons
Unpublished

will lose in the first round of the postseason, as usual, and the state and local taxpayers will be on the hook for these loser's new venue. Sounds like obama to me.

OpenCurtain
10049
Points
OpenCurtain 12/10/12 - 05:30 pm
4
1
Repeat after me

Just because Atlanta did this, is no reason to do it here.
Just because Atlanta did this, is no reason to do it here.
Just because Atlanta did this, is no reason to do it here.
Just because Atlanta did this, is no reason to do it here.
Just because Atlanta did this, is no reason to do it here.

itsanotherday1
43330
Points
itsanotherday1 12/10/12 - 07:09 pm
5
0
As much as I dislike Jerry

As much as I dislike Jerry Jones on a personal level, I admire him for having the cajones to build his own stadium for the Dallas Cowboys.

The Falcons owner should have done the same somewhere in Gwinnett, out of the ghetto.

SemperParatus
3225
Points
SemperParatus 12/10/12 - 07:39 pm
4
0
Government

Government should not be in the entertainment business! This applies here at home, too! If Cal Ripken, Jr. wants a new stadium, he can build it! Last I read his net worth was $80 million or so! Back to the Georgia Dome for a minute, I recall reading that Arthur Blank requested that the state of Georgia's taxpayers kick in $300 million and he would handle the rest. The Georgia Dome is 20 years old and Blank wants it torn down and a new billion dollar facility put in its place. I would like to know which Georgia state legislators from Augusta supported the $300 million investment. It was approved by the General Assembly. Crazy.

cm51
145
Points
cm51 12/10/12 - 11:26 pm
4
1
Let's see..........................

unemployment is high, teachers are getting laid off, budget cuts are everywhere (in order to pay for OBAMACARE)...........and politicians want to kick $300M into a PRIVATE stadium deal with a total cost of over $1B; forget for a moment, Dems vs. Republican....................how in the world can this be viable for Georgians............just like Ripken, let the Falcons ownership pay for it !!!! Look at it this way.......Georgia has 159 counties; split $300M between them, and that is $1.8M for each county for EDUCATION !!!! A much better investment !!!!

itsanotherday1
43330
Points
itsanotherday1 12/11/12 - 01:19 am
1
0
Semper

"Government should not be in the entertainment business!" I have a lot of empathy for that position when there is one huge beneficiary of the taxpayer's largess.

However, in many cases multipurpose facilities are a community amenity, that while not contributing positive income directly, they benefit the community indirectly by being part of the local culture; which is a quality of life consideration for companies looking for relocation areas. Having both a professional hockey team and a baseball team in Augusta does just that. We also need a top flight music venue like the Peace Center in Greenville.

seenitB4
87419
Points
seenitB4 12/11/12 - 08:24 am
0
1
A failure to communicate ...right here/right now

Evidently the peons (us) don't understand big business.....if they say we need this then by golly we do.....can't the honey boo boos get on board......now yall jest come on in from them there moonshine stills & do ya part for this .....put down them dang shotguns too..

seenitB4
87419
Points
seenitB4 12/11/12 - 08:27 am
1
0
on 2nd thought

The way the world is going...we will need all the entertainment we can get!

LillyfromtheMills
13309
Points
LillyfromtheMills 12/11/12 - 08:27 am
1
0
YES, Ludowici

Now that made me laugh out loud!

justthefacts
22021
Points
justthefacts 12/11/12 - 09:07 am
0
0
Actually

Aurthur Blank is picking 70%, the other 30% comes from hotel/motel taxes. So, actually most Georgians won't be paying for it. Still, we don't need it now.

allhans
23688
Points
allhans 12/11/12 - 11:51 am
0
0
2017...4 years away. I sure

2017...4 years away. I sure hope the Obama economy is better by then.

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