Originally written on isportsweb.com  |  Last updated 11/9/14
The Atlanta Falcons and the city of Atlanta have taken another step forward on Thursday in giving the city’s NFL team a new and improved home in the future, as city officials as well as team officials met together in order to announce the latest on the talks between the two. One of the major updates given involved the Falcons’ decision to commit another $65 million to ensure the team will have a new stadium sooner rather than later, with approximately $50 million going towards road, sidewalk, utility and other infrastructure work that a new stadium would require. Another $15 million would follow from Invest Atlanta, the city’s economic development agency, for economic development projects in the area. Falcons officials along with political representatives of Atlanta discuss the new stadium The public contribution for the new stadium construction is currently set at $200 million, which will be generated through bonds backed by the hotel-motel tax collection by the city of Atlanta. The remaining amount of money would be paid by the Falcons, the NFL and personal seat license sales. Although this does not guarantee that the Falcons will have a new stadium, it definitely increases the possibility of such an event happening. The team wants a new home field to replace the Georgia Dome in time for the 2017 season, and the current plan is for a $1 billion retractable roof stadium to be built on one of two sites near the Dome, which would then be demolished. Having more details come out regarding the plan and the public’s interest in it as well as support of political leaders such as Atlanta mayor Kasim Reed, who said that the new stadium “will strengthen the viability of the more than 200,000 jobs that support our tourism and convention business every single day”, makes it clear that the Georgia Dome’s tenure as the home of Falcons football is drawing ever closer to an end.
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Death threats show why some fans take sports too seriously

Five bubble teams playing well heading into March

Falcons release Steven Jackson

Bill Walton has some words of advice for Derrick Rose

Five under-the-radar National Player of the Year candidates

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Judge overturns Peterson suspension; NFL to appeal

Dez Bryant's mother in 2012: Dez threatened to knock me out

Full offseason breakdown for all 32 NFL teams

Brandon Bostick received death threats after botched play

Ex-Louisville player charged with rape, sodomy

Hank Aaron 'rooting' for Alex Rodriguez to succeed in return

Are the Kings willing to trade DeMarcus Cousins?

Johan Santana signed by Blue Jays to minor league deal

Leafs trade David Clarkson to Blue Jackets For Nathan Horton

Panthers acquire Jaromir Jagr from Devils

Russell Westbrook is surging into the MVP conversation

HBO picks up The Rock’s football series, ‘Ballers’

The key offseason moves for every MLB team

Giancarlo Stanton gets first-ever customized facemask

Ronda Rousey, Arianny Celeste have verbal sparring match

Dallas sportscaster back with another powerful essay

The many parallels of Derrick Rose and Penny Hardaway

Ex-homeless Baylor RB admits he broke rules

NFL News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Bostick death threats show why some fans take sports too seriously

Russell Westbrook is surging into the MVP conversation

Five-round NFL Mock Draft

Key offseason moves for every MLB team

Rousey, Arianny Celeste get into it

Dallas sportscaster back with another powerful essay

The parallels of Rose and Hardaway

Offseason breakdown for all 32 NFL teams

On Josh Hamilton's addiction and feeling alone

Judge rules against AP's suspension

Why the Lions should let Suh walk

Chris Jones charged with rape, sodomy

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.