Even after Thursday’s announcement, a lot of work remains to be done before a Falcons stadium deal is completed: — The Falcons and the Georgia World Congress Center Authority must complete negotiations on a memorandum of understanding that spells out operational, financial and other details regarding the stadium. “We’ve still got some open items to work on,” GWCCA executive director Frank Poe said. — The GWCCA, which is a state agency, must enter into agreements with the City of Atlanta and Invest Atlanta, the city’s economic development agency. — A series of approvals ultimately will be required. The Atlanta City Council will vote on extending the hotel-motel tax through 2050 to fund the public portion of the cost. The City Council also will vote on other key agreements among the city, the GWCCA and the Falcons. The GWCCA board will vote on the memorandum of understanding and other agreements. Invest Atlanta will need to approve issuing the bonds necessary to move forward with construction.
What’s next in Falcons stadium saga
Published: Mar 08 2013 07:38:14 AM EST
Updated On: Mar 08 2013 07:38:14 AM EST
-
Distributed by Internet Broadcasting and The Sports Xchange. This material may not be published, broadcast, rewritten or redistributed.
- Happ targets mid-June return
- Canseco refutes sexual-assault allegation
- Danks will rejoin White Sox's rotation Friday
- Canseco accused of sexual assault in Las Vegas
- Trout hits for cycle as Angels rout Mariners
- Vogelsong breaks hand in Giants' shutout win
- Dodgers: No plans to fire Mattingly
- MLB roundup: Rangers' Kinsler placed on DL
- Rangers rock Verlander, Tigers
- Pacers even series against Heat
- Phil Jackson: Russell over Jordan
- Mavericks plan to pursue Howard
- Report: Celtics won't let Nets talk to Rivers
- LeBron James heads All-NBA team
- James' layup at OT buzzer lifts Heat over Pacers
- Spurs escape in OT after blowing big lead
- Cavs win top pick in NBA Draft
- Durant donates $1M to OKC tornado victims
- Wings' third win in row pushes Blackhawks to brink
- Rangers stay alive with OT win
- Avs officially name Roy as coach
- Penguins explode in third, take 3-1 series lead
- Hot start proves enough as Sharks even series
- Bruins open commanding 3-0 lead
- Report: Roy on verge of Avalanche coaching job
- Red Wings' victory gives them 3-1 series lead
- Rookie defenseman helps Bruins to 2-0 series lead




Comments