Proposed Falcons Stadium Passes Its Biggest Political Hurdle
The Atlanta City Council last night voted 11-4 to approve a funding plan for a new downtown Falcons stadium, "pushing the project over its biggest political hurdle." The plan calls for city hotel-motel taxes to pay $200M toward the facility's construction costs. The Invest Atlanta BOD, which would "issue the bonds to fund the public portion of the construction cost," is expected to vote today. The city's Economic Development Agency is the last remaining vote needed for the "project to move forward" (ATLANTA JOURNAL-CONSTITUTION, 3/19).