Design and budget for Falcons stadium approved

Wednesday, October 30, 2013

ATLANTA (AP) -- The design and budget for a new Atlanta Falcons stadium have been approved.

The Georgia World Congress Center Authority board of governors on Tuesday unanimously approved the complete schematic design and a preliminary budget of $1.2 billion, up $200 million from the previous estimate.

The design was recently completed by an architecture firm. The design team had presented a conceptual design earlier this year, but officials say the new version includes more details.

Board chairman Tim Lowe told The Atlanta Journal-Constitution that the extra $200 million included in the budget will be covered by the Falcons.

Bonds backed by the city's hotel-motel tax are set to cover $200 million of the stadium's cost, while the rest is to be covered by the team, the NFL and personal seat license sales.

(Copyright 2013, The Associated Press)


Mailing Address: P.O. Box 1212 Augusta, GA 30903 Main Telephone: (803) 278-1212 Newsroom: (803) 278-3111 Fax: (803) 442-4561
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 229839641 - wrdw.com/a?a=229839641