Posted on Atlanta Business Chronicle by Maria Saporta and Amy Wenk on September 13, 2013
Original link: http://www.bizjournals.com/atlanta/news/2013/09/13/reed-agreements-reached-with-church.html?ana=e_du_pap&s=article_du&ed=2013-09-13
Atlanta Mayor Kasim Reed announced that agreements have been reached with both black churches that would have to be bought to make way for a new Atlanta Falcons stadium on a site south of the existing Georgia Dome.
Flanked by leaders from Mount Vernon Baptist Church and Friendship Baptist Church, Reed said that the Arthur Blankand the Atlanta Falcons organization had agreed to invest another $8.3 million to make the deal on the south site more viable.
Friendship already had announced that the city and its leaders had agreed to a $19.5 million deal, which still has to be approved by its congregation.
But the mayor announced Friday morning that Mount Vernon’s leadership has approved a $14.5 million offer, $8.3 million more than what the Georgia World Congress Center Authority legally was able to offer the church.