Falcons granted $200 million loan by NFL - FOX 10 News | myfoxphoenix.com

Falcons granted $200 million loan by NFL

By BARRY WILNER
AP Pro Football Writer

BOSTON (AP) - NFL owners have approved a $200 million loan for construction of a new stadium in Atlanta.

The Falcons received the money Tuesday at the NFL's spring meetings. The multipurpose stadium could cost as much as $1 billion.

Falcons owner Arthur Blank says the approval is an "important milestone in moving the new stadium project forward." Blank says the design and construction will take place over the next four years.

The stadium will be built with $200 million from public bonds, with the rest coming from Blank. The Georgia Dome, which opened in 1992, will be demolished when the new stadium opens.

Plans call for the Falcons to open the 2017 season in the new building.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • More SportsMore>>

  • Major League Soccer comes to Atlanta

    Atlanta to receive new MLS franchise

    Wednesday, April 16 2014 6:10 PM EDT2014-04-16 22:10:35 GMT
    Atlanta soccer fans are rejoicing as a brand new soccer team is coming to the city.
    Atlanta soccer fans are rejoicing as a brand new soccer team is coming to the city.Atlanta Falcons owner Arthur Blank announced the approval of the new Major League Soccer Team at a press conference Wednesday
  • Atlanta soccer announcement planned Wednesday

    Atlanta soccer announcement planned Wednesday

    Major League Soccer and Atlanta Falcons owner Arthur Blank and Atlanta Mayor Kasim Reed plan a "major announcement" Wednesday on a proposed expansion team to play in Atlanta's new downtown stadium.
    Major League Soccer and Atlanta Falcons owner Arthur Blank and Atlanta Mayor Kasim Reed plan a "major announcement" Wednesday on a proposed expansion team to play in Atlanta's new downtown stadium.
  • Steve Koonin named Atlanta Hawks CEO

    Steve Koonin named Atlanta Hawks CEO

    Monday, April 14 2014 10:42 AM EDT2014-04-14 14:42:26 GMT
    Former Turner Entertainment chief, Steve Koonin has been named CEO and part-owner of the Atlanta Hawks organization.
    Former Turner Entertainment chief, Steve Koonin has been named CEO and part-owner of the Atlanta Hawks organization.
Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices