US PRESSWIRE
The Georgia World Congress Center Authority will have a special meeting on Monday and could approve a new stadium for the Atlanta Falcons.
The Georgia World Congress Center Authority (GWCCA) will have a special meeting on Monday to potentially vote on a $1 billion business deal for a new stadium for the Atlanta Falcons, according to Amy Wenk of the Atlanta Business Chronicle.
Falcons owner Arthur Blank wants to reportedly build a new stadium in an effort to increase the team's value and host a Super Bowl in Atlanta in the coming years. The new stadium would replace the Georgia Dome and would feature a retractable roof.
The director of the GWCCA, Frank Poe, told the Atlanta Business Chronicle that a deal could be reached by Dec. 31.
The estimated cost of the new stadium will be $1 billion and will be paid for partially by the hotel-motel tax, which is expected to raise $300 million. Blank has publicly said that he will personally handle the remaining $700 million tab on the new stadium.
The GWCCA will meet on Monday to vote on the new stadium plan, after which it must be approved by the state legislature.
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