State News

April 3, 2013

Invest Atlanta to vote on Falcons stadium deal

ATLANTA — The city of Atlanta’s economic development arm is set to hold what is likely the final public vote on a Falcons stadium deal.

The Atlanta Journal-Constitution reports (http://bit.ly/16kINSb ) that Invest Atlanta plans to hold the vote at a specially called meeting Thursday morning.

The stadium deal cleared a key political hurdle last month when it was approved by the city council. But approval from Invest Atlanta would start the process of preparing bonds to sell to investors and approving various agreements between the city, the team and the Georgia World Congress Center.

The deal calls for city hotel-motel taxes to cover about 20 percent of the expected $1 billion construction costs.

 

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