National Football League

Invest Atlanta votes yes on Falcons stadium deal

by The Associated Press

ATLANTA (AP) — The city of Atlanta's economic development arm has voted to approve issuing more than $200 million in bonds to help finance a new stadium for the Atlanta Falcons.

WSB-TV reports that Invest Atlanta voted to approve the bonds Thursday morning. One board member, Julian Bene, opposed the bonds, saying the stadium would create "surprisingly few" jobs.

Approval from Invest Atlanta sets in motion the process of preparing bonds to sell to investors and approving various agreements between the city, the team and the Georgia World Congress Center.

The deal calls for city hotel-motel taxes to cover about 20 percent of the expected $1 billion construction costs.

Negotiations to buy the land for the stadium just south of the existing Georgia Dome are ongoing.



More Local

10 Things to Know for Today

Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. NORTHEAST BRACES FOR 'POTENTIALL ... Read More


Edgerton reads, sings, engages at local gathering

Clyde Edgerton read aloud, sang, laughed and clearly enjoyed being the second novelist to be part of the Anne Quinn Powell Authors’ Se ... Read More


Grantville mayor pro-tem

Gomez makes Georgia history

When Grantville Councilman Leonard Gomez was elected to serve as mayor pro-tem, he quietly made Georgia history. The appointment is a signif ... Read More


NTH 150th anniversary

Home of early publisher still stands

James A. Welch did not found The Newnan Herald, but he became part of the newspaper’s history before it was a year old. John S. Bigby ... Read More


Newnan Council

Ground floor apartments could be allowed

Ground level residences could be allowed in downtown Newnan, as the city council will discuss the option at its meeting on Tuesday. Newnan&r ... Read More

Powell found characters from Edgerton’s ‘Egypt’

Anne Powell called her sister, Jane Quinn, and told her she had to read “Walking Across Egypt.” The 1987 novel by Clyde Edgerto ... Read More