Falcons reach deal with Atlanta mayor on new downtown stadium
Falcons owner Arthur Blank and Atlanta Mayor Kasim Reed reached an agreement about the construction of a new stadium, reports NBC Sports. The new stadium will cost an estimated $1 billion; the city will pay $200 million. The city said the $200 million would come from taxes on hotel rooms rather than from Atlanta residents.
"I am pleased that we reached an agreement that will ensure the Atlanta Falcons remain in the heart of our city for many years to come and will lead to revitalization of some of the city’s most historic neighborhoods," Reed said to FOX Atlanta.