Posted: 6:17 p.m. Monday, Sept. 10, 2012
The Atlanta Journal-Constitution
Staff writer Leon Stafford contributed to this article.
A breakdown of the public and private sectors’ contributions to the construction costs of the three newest NFL stadiums:
Stadium location Team(s) Cost Public Private
East Rutherford, N.J. Giants, Jets $1.7 billion 0% 100%
Arlington, Tex. Cowboys $1.2 billion 30% 70%
Indianapolis Colts $720 million 86% 14%
Source: 2010 report by Barrett Sports Group for the Georgia World Congress Center Authority.
Note: Based on the cost estimate of $948 million for the proposed Falcons stadium, and based on the GWCC’s estimate that the hotel-motel tax would cover about $300 million and the rest would be the responsibility of the Falcons and the NFL, the breakdown for a new stadium would be 32 percent public funding and 68 percent private. However, all figures are preliminary, and that does not include improvements to the surrounding area.
Updated every Friday, Mark Arum tells us where we can find construction, events and anything else to slow us down on the roads this weekend.