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

Alleged flasher banned from all Walmart stores

A 69-year-old man was charged with public indecency Wednesday afternoon after he was caught by Walmart security officers exposing himself ne ... Read More


Teen injured in shooting on Glover Circle

A 17-year-old man was injured in a shooting Thursday night, and is now recovering at Atlanta Medical Center. Around 5 p.m., authorities with ... Read More


Easter Sunrise Services

McClain to preach at grandfather’s church

Easter is a day of resurrection. Christians celebrate the rising of their Savior, Jesus, from the grave on Easter. Sunrise services are held ... Read More


Voter registration deadline Monday

Monday is the voter registration deadline for the May 20 general election primary and nonpartisan election. You must be at least 17 1/2 to r ... Read More


PSC Forum

Candidates spar over the role of lobbyists

The three Republican candidates for Public Service Commission came to Newnan for their first forum – with lines clearly drawn between ... Read More

S.C. wreck victims improving

Times-Herald staff writer Bradley Hartsell will not need to undergo any more surgery, and his girlfriend, Hannah Latimer, had a successful s ... Read More