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Mayor Reed says new Atlanta Falcons Stadium will be settled soon

6:51 PM, Sep 9, 2013   |    comments
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Video: Mayor Reed says money "materialized" in church-stadium talks

The new Atlanta Falcons stadium would have an 8-piece roof that twists open and closed like a camera aperture.

ATLANTA -- Mayor Kasim Reed says he expects the site for the new Falcons stadium to be settled in the next "five to seven" days. Reed's office is negotiating with Mt. Vernon Baptist Church with an eye on relocating the church.

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Mt. Vernon sits within the footprint of what stadium backers refer to as the "south site." It's the site preferred by Mayor Reed. The question is whether Reed can find enough donated money to make the church agree to move.

RELATED | Photos of what the new stadium will look like

"We'll either close (the deal), or we won't, over the next five to seven days," Reed said Monday.

Mayor Reed says he has obtained a commitment of private money to supplement an offer the Georgia World Congress Center made to Mt. Vernon, which rejected a $6.2 million more than five weeks ago.

The private money "has materialized," Reed said. "I'm not prepared to discuss it yet. But we're much closer on the Mt. Vernon transaction."

Reed wouldn't say whether the new private money is coming from the Atlanta Falcons. A Falcons spokeswoman did not respond to an email requesting comment. 

An attorney for Mt. Vernon, Bill Montgomery, wouldn't comment except to say that he is "cautiously optimistic" about the discussions to sell the church. Reed echoed that.

"I think in five to seven days we have to get a deal, or we don't. And at that point, I'll be fine with supporting the north site if we're unable to come to an agreement," Reed said.

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