Economic development group to study Falcons stadium plan
By ASSOCIATED PRESS
Officials say a vote to issue bonds for the Atlanta Falcons' new stadium will not take place Tuesday, one day after the Atlanta City Council approved a financing plan for the facility.
The Atlanta Journal-Constitution reports (http://bit.ly/Zr3vP8) that the board of Invest Atlanta, the city's economic development arm, will meet Tuesday as scheduled. However, a vote to issue bonds backed by city hotel-motel taxes will not be on the agenda.
A spokesman for the agency said this morning the board needs more time to review recent amendments made to the agreement.
The city council's 11-4 vote on Monday removed one of the last hurdles for the downtown project that will replace the 20-year-old Georgia Dome with a $1 billion, retractable roof stadium for the NFL's Falcons.