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Business

Bonds approved for Falcons stadium land purchase

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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.

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