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Atlanta Falcons stadium to be complete by 2017

Discussion in 'Chargers Fan Forum' started by Sydalish, Oct 25, 2013.

  1. Sydalish

    Sydalish Addicted to Sports

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    Just saw this in my facebook feed - interesting read.

    San Diego Stadium Coalition:

    Renderings have been released for the new Atlanta Falcons stadium to be complete by 2017. The stadium is being built with a private / public partnership similar to the one the Chargers are pursuing in San Diego. Here's an excerpt from a previous article on the stadium. Good to see this model working in other cities, but sad to see how these cities are also more forward thinking than San Diego.

    According to the agreement so far, public financing of the stadium will cop at $200 million, which will come from hotel taxes in Atlanta and Fulton County. All other costs will be shouldered by the Falcons and "other sources."

    "A new stadium will lead to the creation of well-paying jobs during its construction at a time when many of our friends and neighbors are seeking employment,” Mayor Reed said in his statement. “This new stadium will also keep the city of Atlanta at the forefront of the hospitality industry in America as we pursue our goal of attracting 40 million visi...tors annually. It will strengthen the viability of the more than 200,000 jobs that support our tourism and convention business every single day.”

    http://sports.yahoo.com/blogs/nfl-s...wings-looks-origami-crane-164720121--nfl.html
     
  2. Sydalish

    Sydalish Addicted to Sports

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    • Dan Twombly: Does the Spanos family have the ability to build in SD with only $200 mil in public contribution?
      Like · Reply · 2 hours ago via mobile

      • [​IMG]San Diego Stadium Coalition: Potentially. There are still too many variables in play to nail that down. They are still working with private investors and discussing naming rights to determine the remaining funding gap. It also depends on whether or not they'd have to build infrastructure (Mission Valley) or if that would already be in place (downtown SD) as that could add at least $150M to the project. If they could do it with $200M in public funding that would be the equivalent to what the taxpayers spent on Petco ($166M bond) which would be a steal since that investment has outperformed expectations by a factor of 2x - 3x return for each dollar spent (assumed $1B, actually closer to $3B - $4B). Even if you don't like the Chargers or could care less about stadiums, it's hard to argue with that kind of ROI. That revenue can now be spent on public facilities and services instead of relying solely on taxpayer money.
     
  3. SuperCharger92

    SuperCharger92 BoltTalker

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    Wish at a snap of a finger we could just have a new stadium. Everyone knows we need one! Believe this is the perfect time to do it, with a new regime, new energy in the city. Hopefully would avoid blackouts as well.
     
  4. Burlington Bolt Brother

    Burlington Bolt Brother BoltTalker

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    There's a reason the NFL banned cities from owning teams after Green Bay. I vote for taking all that money and investing it back into a city owned team with ALL profits going into that city...or even a Parecon league (in a more enlightened reality). The idea of job creation and tax profits is a proven lie. For football, you need players and fans but you don't need parasitic slum lords bribing their way to your city's coffers
     

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