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

Paramount Hospitality wins 2015 Small Business Award

Paramount Hospitality won the 2015 Small Business Award from the Newnan-Coweta Chamber of Commerce. The chamber has hosted the awards cerem ... Read More



John Winters

Why we named a witness

There has been a lot of outrage and indignation over our publishing the name of a high school student who notified authorities that another ... Read More


Local gas cheaper than nat’l average

Gasoline prices in Coweta fell below the national average this week. The average price of gas in Coweta is $2.44 per gallon, compared to the ... Read More


UPDATE

Results pending in dead infant case

Authorities with the Coweta County Sheriff’s Office and the District Attorney’s office are still awaiting results from the Georg ... Read More

Recognition Program

Vietnam veterans can sign up at Newnan game

Vietnam veterans can sign up for a statewide program honoring them at Newnan High School’s season opener tonight. The game starts at 7 ... Read More