2014 DRAFT GUIDE
Financing terms reached for new Falcons stadium

By BILL BARROW - Associated Press
    2013-03-07 14:47

ATLANTA (AP) - Financing terms have been reached for the Atlanta Falcons' proposal to build a new $1 billion stadium, keeping the team's home games in the city's downtown, officials announced Thursday. The city council must now vote on the proposal.

The public contribution to stadium construction through hotel-motel tax revenue will be capped at $200 million and the Falcons will pay $800 million, said Atlanta Mayor Kasim Reed. He made the announcement with Falcons owner Arthur Blank and Georgia Gov. Nathan Deal.

The Georgia World Congress Center Authority, which owns the Georgia Dome, would also own the new stadium.

The Falcons franchise is also responsible for an additional $50 million for infrastructure-related costs associated with construction, and has agreed to pay for any budget overruns. Those costs are not included in the $1 billion construction budget.

Officials are looking to build the new stadium immediately south of the roughly 20-year-old Georgia Dome, and say they would have to buy land that is not yet publicly owned to do that.

Team owner Arthur Blank said the new stadium will help the city compete for all major events - including the Super Bowl.

City Council President Ceasar C. Mitchell said he was encouraged by the city and the franchise agreeing on financing terms, and that public hearings on the stadium will be held in the near future.

Fantasy Football Player Notes RSS FeedPLAYER NOTES

Johnny ManzielAug 21 08:22a

Cleveland Browns QB Johnny Manziel will not have a package of plays created for him to run off the bench, according to head coach Mike Pettine. Manziel has been [ More ]

Geno SmithAug 21 02:23a

New York Jets QB Geno Smith will start Week 1 versus the Oakland Raiders, barring an injury. The coaching staff has yet to officially name Smith the starter.

Geno AtkinsAug 21 12:53a

Cincinnati Bengals DE Geno Atkins (knee) will be ready for the regular season opener against the Baltimore Ravens Sept. 7, head coach Marvin Lewis said Wednesday, Aug. 20. In [ More ]

Walt AikensAug 21 12:53a

Miami Dolphins CB Walt Aikens (hand) is sidelined indefinitely due to a left hand injury suffered a practice earlier this week. No timetable has been established for his return.

Tyler WilsonAug 21 12:53a

Cincinnati Bengals CB Darqueze Dennard (hip), DT David King (undisclosed), CB Lavelle Westbrooks (undisclosed) and QB Tyler Wilson (head) were unable to practice Wednesday, Aug. 20.

Andre SmithAug 21 12:53a

Cincinnati Bengals OT Andre Smith (concussion) said Wednesday, Aug. 20, that he expects to get cleared to play in the preseason game Sunday, Aug. 24, against the Arizona Cardinals. [ More ]

Jalil BrownAug 21 12:53a

Miami Dolphins CB Jalil Brown, CB Don Jones, FS Jordan Kovacs and FS Michael Thomas appear to be fighting for two roster spots. Thomas has reportedly had a good [ More ]

Knowshon MorenoAug 21 12:53a

Miami Dolphins RB Knowshon Moreno (knee) said Wednesday, Aug. 20, that he feels good. The team wants to see him practice Thursday, Aug. 21, before deciding if he will [ More ]

Andre JohnsonAug 20 10:43p

Houston Texans WR Andre Johnson has showed no signs of rust from his time away from the team this offseason. Johnson had an impressive practice during joint workouts with [ More ]

Trent RichardsonAug 20 10:33p

Indianapolis Colts RB Trent Richardson is off to a slow start in training camp and the preseason, posting just 34 yards in 14 attempts. At 2.4 yards per carry, [ More ]

Emmanuel SandersAug 20 10:33p

Denver Broncos WR Emmanuel Sanders (quadriceps) was involved in practice Wednesday, Aug. 20, but he is not working in 'live' setting yet. Head coach John Fox would not rule [ More ]

Montee BallAug 20 10:33p

Denver Broncos RB Montee Ball (appendix) continues to do more work in practice each day, but most of his work continues to be outside of the team structure. However, [ More ]

LeGarrette BlountAug 20 07:53p

Pittsburgh Steelers RB LeGarrette Blount and RB Le'Veon Bell were charged by Ross Township Police Wednesday, Aug. 20, with marijuana possession.

Le'Veon BellAug 20 07:43p

Pittsburgh Pirates RB Le'Veon Bell and RB LeGarrette Blount were charged by Ross Township Police Wednesday, Aug. 20, with marijuana possession. Bell was also charged with driving under the [ More ]

Ryan McBeanAug 20 05:53p

The Arizona Cardinals signed DT Ryan McBean (Ravens) Wednesday, Aug. 20. Terms of the contract were not disclosed.

Colt LyerlaAug 20 05:43p

The Green Bay Packers placed TE Colt Lyerla (knee) on the Reserve/Injured list Wednesday, Aug. 20.

Pat DevlinAug 20 05:33p

Free-agent WR Kevin Elliott (Bills), LS Chad Rempel (Bears), QB Pat Devlin (Dolphins) and DT Jibreel Black (Buccaneers) all cleared waivers Wednesday, Aug. 20.

Vontaze BurfictAug 20 05:33p

Cincinnati Bengals LB Vontaze Burfict agreed to a multi-year contract extension Wednesday, Aug. 20. Terms of the new deal were not disclosed.

Isaac SopoagaAug 20 05:13p

The Arizona Cardinals signed DT Isaac Sopoaga (Patriots) Wednesday, Aug. 20, per a league source. Terms of the contract were not disclosed.

Jordan NorwoodAug 20 04:53p

Denver Broncos WR Jordan Norwood (knee) suffered a torn acute cruciate ligament in practice Wednesday, Aug. 20.

Isaiah PeadAug 20 04:33p

The St. Louis Rams waived RB Isaiah Pead (knee) with a waived/injured designation Wednesday, Aug. 20. Pead will revert back to the roster if he clears waivers.

Phillip TannerAug 20 03:43p

The Indianapolis Colts waived RB Phillip Tanner Wednesday, Aug. 20.

Dexter McDougleAug 20 03:43p

The New York Jets placed CB Dexter McDougle (knee) on the Reserve/Injured list Wednesday, Aug. 20.

David FluellenAug 20 03:23p

The Indianapolis Colts acquired RB David Fluellen (Eagles) in exchange for PK Cody Parkey Wednesday, Aug. 20.

Desmond BryantAug 20 02:53p

Cleveland Browns DE Desmond Bryant (wrist) recently underwent wrist surgery. Head coach Mike Pettine said he is not sure if Bryant will be available to play Week 1.

S. SylvesterAug 20 02:43p

The Buffalo Bills have placed LB Stevenson Sylvester (undisclosed) on the Reserve/Injured list.

Michael CrabtreeAug 20 02:33p

San Francisco 49ers WR Michael Crabtree said he did not feel like himself when he returned from offseason Achilles' tendon surgery last season. 'I was fast enough to be [ More ]

Fendi OnobunAug 20 02:23p

The Jacksonville Jaguars have waived/injured TE Fendi Onobun (knee).

Eric KettaniAug 20 02:23p

The Jacksonville Jaguars have signed free-agent FB Eric Kettani (Chiefs). Terms of the contract were not disclosed.

Sebastian VollmerAug 20 01:13p

New England Patriots OT Sebastian Vollmer (undisclosed) was not on the field during practice Wednesday, Aug. 20. Vollmer has missed the last three practices because of an undisclosed reason.

Peyton HillisAug 20 01:03p

New York Giants CB Prince Amukamara (groin), WR Trindon Holliday (hamstring), RB Peyton Hillis (ankle, foot), OT Charles Brown (shoulder) and OT James Brewer (back) are not participating in practice Wednesday, Aug. 20.

Cody WallaceAug 20 12:53p

Pittsburgh Steelers CB Shaquille Richardson (knee), LB Jordan Zumwalt (hamstring), TE Eric Waters (concussion), C Cody Wallace (finger) and LS Greg Warren (knee) will not play in the third preseason game.

RSS Feeds

NFL News:
 
Player Notes:
 
Forum Posts:
 

© 2014 RealTime Fantasy Sports, Inc.
Email Us  ·  Call Us 636.447.1170  ·  Lost Password
Advertising represented by USA Today Sports Media Group