SBD/Closing Bell

Falcons Stadium Funding Deal Clears Final Significant Hurdle

The Invest Atlanta BOD today approved the final agreements needed to move forward with public funding for a new Falcons stadium. The public contribution of $200M toward the $1B construction cost will come from revenue bonds issued by Invest Atlanta and funded solely by the city of Atlanta's hotel-motel tax (Falcons). The agency's 8-1 vote "marks the culmination of more than two years of negotiations that were surprisingly close to fizzling in January" (AJC.com, 4/4).
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