(March 7, 2013) TOUCHDOWN! Atlanta reaches agreement with Falcons on new stadium

Posted on Atlanta Business Chronicle website on March 7, 2013
Original link: http://www.bizjournals.com/atlanta/news/2013/03/07/touchdown-atlanta-reaches-agreement.html?ana=e_du_pap&page=all

Atlanta officials and the Atlanta Falcons reached a deal to build a new $1 billion stadium that addresses most of the concerns raised by the Atlanta City Council and the surrounding communities.

The tentative agreement was announced at a press conference Thursday afternoon at Atlanta City Hall.

The agreement would include $50 million investments in infrastructure improvements around the new stadium as part of the actual costs of constructing the project.

In a separate development, the Arthur M. Blank Family Foundation and Invest Atlanta have each committed to provide $15 million, for a total of $30 million, towards the redevelopment of the English Avenue, Vine City and Castleberry Hill neighborhoods.

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