Falcons Announce Deal for New Stadium

Atlanta Falcons owner Arthur Blank and mayor Kasim Reed have agreed to financing terms on a new stadium.

The Falcons are that much closer to having a new $1 billion dollar retractable-roof stadium in downtown Atlanta to replace the 20-year-old Georgia Dome.

The Falcons will pay $800 million and an additional $50 million in infrastructure costs. The public contribution to stadium construction will pay $200 million.

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