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Arthur Blank talks about new Falcons Stadium

10:53 PM, Dec 10, 2012   |    comments
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ATLANTA -- The Georgia World Congress Center Authority unanimously approved terms for a new Falcons stadium Monday morning.

Arthur Blank talked with Brenda Wood.  You can see the interview above.

Several key questions remain, including the stadium's location. Two sites are still under consideration. The design of stadium and its surroundings would depend on which location is picked.

You can express your opinion by contacting your state lawmker


MORE | Answering your questions about the new stadium

The cost is also up in the air. Monday's terms projected a price tag just under $973 million, based on the costs of other retractable roof stadiums. The actual cost could end up being higher. Previous estimates were as high as $1.2 billion.

Somewhere between $270 million and $313 million of that would be covered by taxpayers, through the hotel/motel tax; 39.3 percent of hotel/motel tax revenues would be dedicated to the new stadium.

The entire deal hinges on legislative approval of increasing the GWCCA's borrowing cap to cover costs up front instead of waiting for hotel/motel dollars to come in. Without that approval, the whole stadium could be scratched.


Have your voice heard.  Let us know whether you are for or against the new stadium and we'll share your submissions with local lawmakers.