Originally written on Down and Distance  |  Last updated 11/17/14

Could the Falcons be one step closer to beginning construction on a new stadium in downtown Atlanta? (Credit: Tampa Bay Online) 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. The post Falcons owner, Atlanta mayor reach deal on downtown stadium appeared first on DOWN & DISTANCE.

MORE FROM YARDBARKER

Three quarterbacks who could be traded this offseason

Wolves trade Corey Brewer to the Rockets

Yankees trade Prado to Marlins for Eovaldi in 5-player deal

Brandon Browner fined $8K for throwing Brandon Gibson to turf

Report: Sharper, NFLers called spiked drinks 'horny juice'

Rex Ryan: My wife could coach Tom Brady

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Jim Harbaugh won in laser tag by 'hunting' 10-year-old kid

Eddie Lacy is ‘very blind,’ refuses to wear goggles

Michael Phelps pleads guilty to DUI, gets probation

NFL scouts not in love with Amari Cooper?

Report: No teams interested in trading for Lance Stephenson

It is not Chip Kelly's fault if Eagles miss playoffs

Video: Swaggy P elbows Steven Adams in throat, gets ejected

Video: Grizzlies buy car for assistant who had his stolen

Video: LeBron takes pass to the face from Dion Waiters

New video of Ray Rice incident emerges

President Obama calls James Franco “James Flacco”

NBA games of the weekend: Rondo's Dallas debut, Bulls-Grizz

Tuscaloosa students will have two days off if Bama plays in National Championship

Brady scares the **** out of his teammates celebrating

Longhorn Network’s yule log? Five hours of BEVO

Will a Chiefs WR finally catch a TD in Week 16?

Jon Lester and the Cubs

The Toronto Raptors reveal their new logo

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.

Three quarterbacks who could be traded this offseason

Jon Lester and the Cubs

Report: NFL players used 'horny juice'

Top 10 worst NBA related commercials of all-time

Phelps gets probation for DUI

NFL coaches on hot seat in Week 16

The Roy Williams-Terrell Owens horse collar turns 10

Most underpaid NFL players in 2014

Gronk jokes about Brady compliment

In Matt Kemp, did the Dodgers find a pigeon in Padres?

Why the Saints are legit playoff threat

Impact of U.S.-Cuba relations on MLB

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.