Monday, February 11, 2013

C  I  T  Y    O  F    A  T  L  A  N  T  A

Atlanta City Council’s Finance/Executive Committee to receive briefing regarding the proposed new retractable roof, Atlanta Falcons stadium

ATLANTA – The Atlanta City Council’s Finance/Executive Committee will receive a briefing Wednesday on the proposal to construct a new retractable roof, multi-purpose stadium that will serve as home of the Atlanta Falcons NFL team and will host numerous other sporting, entertainment, convention and civic events.

Representatives from the Georgia World Congress Center Authority, Atlanta Falcons, Invest Atlanta, and the Mayor’s office have been invited to the committee’s 1 p.m. meeting scheduled for Wednesday, February 13 in the City Council Chamber, (second floor) Atlanta City Hall, 55 Trinity Avenue, S.W.  

The briefing will take place immediately after consideration of the Committee’s agenda items.

The committee has encouraged all members of the City Council to attend to hear from the representatives that have been a party to the negotiations. The goal is to get an overview and status report on the proposal.  Council will then ask questions and determine what additional information is needed for future discussion.  The committee expects this to be the first of many discussions on the issue that will take place prior to the Council’s consideration of any legislation.

It has been reported that the city may be asked to approve $200 million of Hotel/Motel tax revenue to fund a new stadium with $800 in funding coming from Atlanta Falcons owner Arthur Blank.