Monday August 24th, 2015

The Atlanta Falcons have a name for their new home.

The Falcons' new stadium, currently scheduled to open for the 2017 season, will be named Mercedes-Benz Stadium, the team announced Monday. The deal runs through 2042, reports ESPN.

The Falcons broke ground on the new $1.4 billion facility in 2014. Taxpayers will contribute $200 million to construction, and possibly several times that amount toward operating the stadium through 2050.

Mercedes-Benz also has a naming rights contract with the New Orleans Saints' Superdome through 2021. In the overlapping seasons, the NFC South rivals will both use the name on their home field.

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With the announcement, the Falcons also released several new renderings of the stadium's design, which you can view below:

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