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SBD/September 14, 2012/Facilities
Atlanta Development Agency Hopes To Build Entertainment District Near Turner Field
Published September 14, 2012
SPECIAL TREATMENT: In Atlanta, Tim Tucker cites a non-binding term sheet that notes the Georgia World Congress Center Authority “would carve out special treatment in an Atlanta Falcons stadium deal for some events, such as college football and basketball games, that relocate to the proposed new facility from the Georgia Dome.” The document states that the GWCCA “would own the stadium, that the Falcons would ‘control’ the stadium and its revenue streams under conditions of a license agreement and that the Falcons would be responsible for all cost overruns during construction and pay an unspecified annual fee to the GWCCA for at least 30 years.” The term sheet “makes clear the sensitivity about protecting in the transition to a Falcons-run facility the non-Falcons events that have pre-existing, long-standing relationships with the Georgia Dome,” such as the SEC Championship football game and the Chick-fil-A Bowl and Kickoff games. The term sheet stated that the GWCCA, which runs the Georgia Dome, would “continue to manage those events in a new stadium.” That would include “negotiating and entering into contracts related to those events and directing the event-day production” (ATLANTA JOURNAL-CONSTITUTION, 9/14).