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.
An Atlanta Falcons executive says the team will consider moving to a suburban location if it does not strike a deal to build a new downtown stadium. Falcons President and CEO Rich McKay said Wednesday the team would have no choice but to consider a suburban site if negotiations on the downtown Atlanta site break down.
The Atlanta Falcons and the Georgia World Congress Center Authority have selected five architectural firms as finalists to design a proposed $1 billion retractable-roof stadium. GWCCA officials said finalists will prepare proposals including conceptual designs and will be interviewed within 30 days.