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

Baby found dead during CCSO search

The Coweta County Sheriff’s Office is currently investigating the death of a baby who was discovered during the execution of an arrest ... Read More


Locals react to shootings and gun legislation

A growing sense of distrust and resentment towards the government and the public only seems to be widening among local gun owners. Recent sh ... Read More


Chattahoochee River flood designation changed

When the Chattahoochee River hits 15 feet at the Hwy. 16 bridge, it will no longer be considered flood stage. The National Weather Service h ... Read More


Former Grantville Council member

5-year rental space battle comes to close

An in-law suite that was rented out intermittently for several years has become a source of contention for one Grantville citizen. Former Gr ... Read More


Newnan Council

Commercial rezoning request withdrawn

Jim Thomasson withdrew his rezoning request for 110 Jackson Street at Tuesday’s Newnan City Council meeting. Thomasson was seeking to ... Read More

Atlantic's 100 Most Influential

MLK, Roosevelts on magazine’s list

At least three people who visited Coweta County made The Atlantic's 100 Most Influential Americans List – Martin Luther King and Frank ... Read More