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New Falcons Stadium: GWCCA vote Monday could put plan in motion

The Georgia World Congress Center Authority will have a special meeting on Monday and could approve a new stadium for the Atlanta Falcons.

US PRESSWIRE

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.

Photographs by coka_koehler used in background montage under Creative Commons. Thank you.