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.
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.