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SOURCE The Atlanta Falcons
ATLANTA, March 15, 2013 /PRNewswire/ -- Earlier today, the Georgia World Congress Center Authority (GWCCA) Board of Governors authorized the GWCCA to execute a binding memorandum of understanding between the Falcons and the GWCCA for a new stadium on the Georgia World Congress Center campus. This authorization paves the way toward the opening of a new multi-purpose stadium in 2017.
"Today marks an important step towards a new stadium in downtown Atlanta," said Falcons Owner & Chairman Arthur M. Blank. "We are grateful for the GWCCA's partnership in negotiations over the past 2 ½ years, and we look forward to working with them, the Mayor's office, the Atlanta City Council and Invest Atlanta in moving this project forward.
"Many options were explored in arriving at a solution that serves the best interests of all involved. This agreement provides for an iconic asset to be added to the downtown Atlanta landscape with the only public funding coming from the same portion of the hotel-motel tax that was used to fund the Georgia Dome."
The Atlanta Falcons are stepping up with a private contribution that goes beyond other recent multi-purpose stadiums involving NFL teams:
"We recognize that the new stadium, by itself, will not transform the surrounding communities," Blank said. "We see the new stadium as not a total solution, but a catalyst to creating positive, long-term change for the residents of these communities, and we are prepared to continue to build upon our past investments in these neighborhoods."
Following today's approval by the GWCCA Board of Governors, next steps include consideration and approval by the Atlanta City Council and the Board of Directors of Invest Atlanta.
"We hope all of the work that has taken place over the last several years will aid the Atlanta City Council and Invest Atlanta in their deliberations leading up to the approvals that will be asked of them," Blank said. "We appreciate the spirit of collaboration demonstrated by city, state and community representatives in building a successful public-private partnership that will benefit the city, region and state for many years to come."
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