Economic development group to study Falcons stadium plan

Economic development group to study Falcons stadium plan

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ATLANTA -

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.

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Information from: The Atlanta Journal-Constitution, http://www.ajc.com

 

Copyright 2013 The Associated Press.

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