The Georgia World Congress Center Authority board voted Tuesday to approve the new Atlanta Falcons stadium, set to be open in time for the 2017 season, the Atlanta Journal-Constitution reports.
The stadium will cost $1.2 billion, up $200 million from the previous estimate. The additional $200 million will be covered by the team.
The remainder of the cost for the stadium will be covered by the NFL and personal seat license sales from $800 million to $1 billion.
The Falcons currently play in the 71,000 seat Georgia Dome, which opened in 1992.
“We get $200 million more of whistles and bells, and the public is not charged any more for it,” Board chairman Tim Lowe said. “… I think it absolutely has the potential of being the best stadium in the world.”