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.

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

John Fox: Jay Cutler will have to earn starting QB job

Report: Shaka Smart, Gregg Marshall candidates for Texas

Kurt Warner is helping to turn around Colin Kaepernick

Bizarre call allows Duke to cover spread against Utah

Saints love TE Josh Hill following Jimmy Graham trade

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Darren Sproles' role is growing for the Eagles

Barkley, Reggie Miller condemn Indiana religious freedom bill

Metta World Peace interested in coaching at St John's

Knicks want Marc Gasol, do they know what they’re asking for?

New York Rangers are the first team to clinch a playoff spot

Victorino: I plan on playing every day for Red Sox in 2015

Tennessee fans show love for Bruce Pearl on campus rock

Louisville guard turned off phone after clutch NC State win

Steve Spurrier hung out with Kenny Chesney before concert

Winnipeg Jets prospect had a rough night on the ice

Russell Wilson to suit up for Texas Rangers Saturday

Did Dean Smith’s gifts to former players violate NCAA rules?

WWE unveils Ultimate Warrior statue

WATCH: Tom Brady jumps off tall cliff in Costa Rica

WATCH: 2 Chainz beats Dominique Wilkins in HORSE

Angels remove Josh Hamilton banner from front of stadium

Elite Eight preview: Arizona vs. Wisconsin

Support for relocation growing among NFL powers

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

John Fox: Cutler will have to earn job

Texas eyeing Shaka Smart, Gregg Marshall?

WATCH: Brady jumps off cliff in Costa Rica

WATCH: 2 Chainz beats Nique in HORSE

Elite Eight preview and predictions: Notre Dame vs. Kentucky

Elite Eight preview and predictions: Arizona vs. Wisconsin

NFL owners chose cost over game integrity

Be careful how loudly you cheer on Mo'ne Davis' olive branch

James Harden and the collective consciousness

Hottest coaching seats in NBA

Under-the-radar NL MVP candidates

Notre Dame’s coach makes first Elite Eight

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.