NFL owners approve $200 million in funding for Falcons stadium
Well it’s a go! NFL owners have approved funding for a new retractable-roof stadium. According to the Atlanta Journal-Constitution, the $200 million will come from the league’s “G-4” program, which supports stadium construction and renovation around the league. Most of the funds are to be paid back from the league’s share of revenue generated in the new stadium.
Arthur Blank is pleased:
“Today’s approval by the NFL team owners is an important milestone in moving the new stadium project forward,” Falcons owner Arthur Blank said. “The consideration of G-4 financing for new stadiums requires thoughtful analysis on the part of the NFL finance and stadium committees, including compliance requirements that protect the best interests of all owners and the league.”
“The NFL has supported new stadium construction through various means for decades. Our club owners understand that investments such as G-4 financing are important to the long-term strength of the league, and we thank them for their support.
“We are pleased with the outcome of today’s vote, and we look forward to continued progress in designing and constructing the new multi-purpose stadium over the next four years. We, along with our City of Atlanta and State of Georgia partners, are excited to participate in a project that will benefit the city and state for many years to come.”
While Arthur Blank is smiling about this new move forward, some Atlanta residents remain cautiously hopeful. The neighborhoods around the city that were supposed to be helped in the original stadium construct did not receive the financial benefits promised, and this time they want assurance they will not be overlooked.
In the meantime, Falcons fans will have something to look forward to.
What do you think?
Your Jersey Girlfriend,