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Falcons, Mount Vernon Baptist Church Closer To Deal For Land, But Gap Remains
Published August 19, 2013
PEACH PIT: Reed said that though there is no agreement yet, the lowered price is "movement in the right direction." In Atlanta, Katie Leslie noted anything above the $6.2M the state can offer must "come from private sources." The Falcons declined comment on "whether the team would consider contributing additional private dollars to make a deal" (ATLANTA JOURNAL-CONSTITUTION, 8/17). Also in Atlanta, Leslie & Tucker ask, "Where might the money come from?" Reed's "grand vision of a stadium connected to public transportation and new development teeters on finding an answer." The Falcons are the "obvious potential source of private funds," but have "not said whether they are willing to contribute additional money." Atlanta sports and marketing exec Bob Hope said that if the Falcons "put up more money to acquire the south site, the team might be able to make it back in sponsorship sales." Hope: "I think they would do much better on sponsorship sales on the south site than the north site because it would be part of an overall complex, with more synergy and energy." If a resolution "isn't reached," the $1B stadium "likely will be built" on the north site (ATLANTA JOURNAL-CONSTITUTION, 8/17).