Falcons, Georgia Dome Reps. to Ask for $100 Million More in Public Funds for New Stadium
The Atlanta Falcons and the Georgia World Congress Center Authority want replace the Georgia Dome, the stadium that will host this Sunday's NFC championship game between the Atlanta Falcons and San Francisco 49ers, with a new stadium with a retractable roof. They will be asking the Georgia Legislature for $100 million more in public funds on Monday for the project.
According to the Atlanta Journal-Constitution, under the proposed deal, "an estimated $1 billion stadium would be built with about $300 million from bonds backed by hotel-motel taxes and the other $700 million from the Falcons, the NFL and personal seat license sales."
This would mean the GWCCA would have to ask the Georgia Legislature to increase its debt limit by $100 million--from $200 million to $300 million.
The Falcons and the GWCCA plan to open the new stadium in 2017.