After discussing the possibility of building a new open-air stadium to operate in conjunction with the Georgia Dome, the World Congress Center Authority and the Atlanta Falcons have turned their attention to a plan that would build a new retractable-roof stadium and demolish the Georgia Dome. The new plan would cost somewhere in the neighborhood of $947.7 million.
That figure is significantly higher than the estimated $700 million that was revealed last summer. The reason for the increase was the inclusion of a retractable roof and the cost in demolishing the Georgia Dome. Up to approximately $300 million of the project would be funded by the state hotel-motel tax.
The plan doesn't call for the new stadium to be built on the existing dome site. It would instead be located at one of two possible destinations. By building elsewhere it would prevent the Falcons and other events from be dislodged during the construction.