Business
Business

Bonds approved for Falcons stadium land purchase

By
May 23, 2013

A state board approved on Thursday $30 million in bond financing for three projects on the Georgia World Congress Center campus, including funds to be used towards a new dome for the Atlanta Falcons.

The Georgia Department of Economic Development board approved $15 million in financing to be used for land acquisition for the $1 billion stadium project. The new stadium is expected to open in time for the 2017 NFL season. This week, NFL owners approved $200 million in league funding toward the project.

The economic development board also on Thursday approved $11.75 million to fund part of the construction of the new College Football Hall of Fame, including a parking deck, a connection between the hall and the Congress Center and a new roadway. The attraction is slated to open in the fall of 2014.

The board also approved $3.25 million to fund renovations of the GWCC.

About the Author

J. Scott Trubey is the senior editor over business, climate and environment coverage at The Atlanta Journal-Constitution. He previously served as a business reporter for the AJC covering banking, real estate and economic development. He joined the AJC in 2010.

Follow J. Scott Trubey on twitter
More Stories

Keep Reading

Ultralong 84-month loans make new cars look budget-friendly. The real price shows up in interest and negative equity. (David Guralnick/The Detroit News/TNS)

Credit: TNS

That low car payment could cost you more in the long run. A lot more.

About a quarter of all car loans now run longer than 72 months, according to Cox Automotive data.

10m ago

Centennial Yards’ rise heralds a new downtown Atlanta

The $5 billion Centennial Yards project is rising within the 50-acre hole long known as the Gulch, an area once thought to be too complex to ever be developed.

Georgia lost jobs in September, says 1st report since federal shutdown

Georgia’s job market cooled some in September, but the unemployment rate remained steady, according to new data released Thursday by the state Department of Labor.

The Latest

Ultralong 84-month loans make new cars look budget-friendly. The real price shows up in interest and negative equity. (David Guralnick/The Detroit News/TNS)

Credit: TNS

That low car payment could cost you more in the long run. A lot more.

10m ago
OPINION

Nissan’s e-Power: An EV driving experience, fueled by gas

OPINION

December car sales are good but not magic

Featured

Waymo autonomous vehicles operate across 65 square miles inside I-285 and have been involved in six incidents with Atlanta Public School buses since May. Waymo issued a recall because of their cars briefly stopping or slowing down before continuing forward while a bus was stopped and flashing its lights. (Courtesy of Atlanta Public Schools)

Credit: Courtesy of Atlanta Public Schools

Waymo cars ignored stopped school buses in Atlanta. What happens now?

The National Highway Traffic Safety Administration opened an investigation. The autonomous vehicle company has issued a software recall.

Search for new MARTA chief hits snag

The search for a new leader for the regional transit authority is widely seen as one of the most important duties facing the Marta Board

Georgia high school coach arrested, accused of hitting, choking players

The Greene County High coach was charged with two counts of aggravated assault and one count of simple battery, according to investigators.