NFL owners this morning voted to provide the Falcons with $200 million in league funding toward the new retractable-roof stadium slated to open in Atlanta in 2017. The money will come from the league’s “G-4” program, which supports stadium construction and renovation around the league. Most of the funds are to be paid back from the league’s share of revenue generated in the new stadium. “Today’s approval by the NFL team owners is an important milestone in moving the new stadium project forward,” Falcons owner Arthur Blank said. “The consideration of G-4 financing for new stadiums requires thoughtful analysis on the part of the NFL finance and stadium committees, including compliance requirements that protect the best interests of all owners and the league. “… We are pleased with the outcome of today’s vote, and we look forward to continued progress in designing and constructing the new multi-purpose stadium over the next four years.
NFL owners approve $200M in Falcons stadium funding
Atlanta Journal-Constitution | May 21