NFL owners have approved a $200 million loan for construction of a new stadium in Atlanta. The Falcons received the money Tuesday at the NFL's spring meetings. The multipurpose stadium could cost as much as $1 billion.
The Kansas City-based architecture firm that designed the new stadium shared by the New York Jets and Giants is the top choice to design a new stadium for the Atlanta Falcons. Documents from the state of Georgia name 360 Architecture as the "apparent awardee" of the lead architect job.
Five architecture firms are vying for the chance to design the Atlanta Falcons' new retractable-roof stadium. Officials with the NFL Team and the Georgia World Congress Center concluded two days of interviews with the firms on Tuesday.
The city of Atlanta's economic development arm is set to hold what is likely the final public vote on a Falcons stadium deal. Invest Atlanta plans to hold the vote at a specially called meeting Thursday morning.
Mayor Kasim Reed says details for a proposed stadium deal should be on the desks of Atlanta City Council members by the end of March. The current version of the deal calls for the city issue $200 million in bonds backed by hotel-motel tax revenue to partly fund a $1 billion stadium. The council would have to approve a funding deal.