Posted October 29, 2013

Budget, design approved for new Falcons stadium

NFL
This is a rendering of the Atlanta Falcons new stadium (Courtesy of AtlantaFalcons.com)

The Atlanta Falcons new $1.2 billion stadium is set to open for the 2017 season. (Courtesy of AtlantaFalcons.com)

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.”

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15 comments
KlngonKtty
KlngonKtty

That's ugly. Word has it that it's being called Sphincter Stadium for obvious reasons.

brinke
brinke

Ridiculous!  The GD is but 21 years old, and it's PAST its sell date??  Look, here in SF, we've been laboring in the rusted out Stick forever...it's a 55 year old structure. So our deal makes sense. But this is just lunacy.

bryon999
bryon999

I wonder if this has anything to do with the Falcons giving up a home game to play in London next year.  Arthur Blank sending a message?

NoQNoSuperBowl
NoQNoSuperBowl

That thing is butt ugly . .  . which means it is perfect for Atlanta. 

stagger
stagger

So, NFL teams (and colleges for that matter) are already struggling to maintain attendance numbers. So, the solution is to build a 1.2B dollar stadium and price out the average-income fans with PSL's? Flat screen TV manufacturers and all of the networks rejoice! You've just gained a boatload of new customers/viewers...

UleNotknow
UleNotknow

"The remainder of the cost for the stadium will be covered by the NFL and personal seat license sales... " Translation - the fans will cover it sooner or later.

jeffrey.a.tyler
jeffrey.a.tyler

In England, the teams pay for the whole project themselves and the league has stadiums that were built in the 1890s.  Yea, they aren't as beautiful as some of the NFL stadiums, but they work and they don't cost the fans and the city millions/billions!  I've been to the Georgia Dome.  It's fine.  It's not like the Metrodome where the roof came apart.  Is this really a good expenditure?

Hador
Hador

Am I the only one who finds it worrying that a 21 year old stadium (which by the way was overhauled for $300 million just 7 years ago) is now being replaced by a $1.2 billion structure which in turn will probably be torn down in 15 years or so?

gary41
gary41

I wasn't heretofore aware iconic meant ugly......

bc11pnc
bc11pnc

$1B just doesn't get you much anymore...another over indulgent monument to another NFL owner's unfettered self-image. Where does it end?

Akagi1
Akagi1

Lucky they got it approved before they reverted to the typical Falcon form...4-12 this season?

mystafugee
mystafugee

Personal Seat License?   Might as well just call it a f---k you fans fee.  

stagger
stagger

Nope. It's ridiculous. 

stagger
stagger

@Akagi1 No kidding. Unless they win 10+ games a year, the Falcons can't fill the Georgia dome. In this new stadium, they need to make the seat covers very nice. So, they'll look good on TV when the camera pans to a half empty stadium.