Atlanta City Council members grilled Falcons team officials on Wednesday about a proposal that would involve using public funds for a new stadium.
Speaking for team owner Arthur Blank, Falcons President Rick McKay said that the club needs to play in a new stadium in 2017.
The Falcons are asking the Atlanta City Council to approve $200 million in public funding as part of a billion dollar deal.
The possible deal would require $200 million in public funds, while the Falcons would put in $800 million plus at least another $50 million to retire leftover debt on the Georgia Dome, which would be torn down.
McKay said that the team is offering the city a good deal by picking up the majority of the cost.
Felicia Moore, the chair of the council finance committee, asked McKay if he felt that the stadium was needed.
"You have to look at it as a need, only in one sense that we, we didn't see ourselves being in a position to execute an extension of our lease…in a renovated situation," McKay said.
Planners say that the Georgia Dome is need of renovations which could cost hundreds millions of dollars.
One council member brought up a comparison between the Falcons and Dallas Cowboys, who the council member said paid for that team's new billion-dollar "Jerry World" stadium with his own money. However, planners said that $325 million of that stadium was paid for with public funds – an action approved by voters.
McKay said that the team is committed to doing everything it can to keep the team in the downtown Atlanta area.
Team officials have previously said that if a deal cannot be reached, they will consider other areas outside the city. On Tuesday, FOX 5 reported that Doraville's mayor rejected the idea of the team moving into that community.
Friday, May 17 2013 11:45 PM EDT2013-05-18 03:45:14 GMT
Atlanta Falcons general manager Thomas Dimitroff biked his way to work on Friday. Dimitroff rode from Buckhead to The Georgia Dome as part of "National Bike to Work Day."
Atlanta Falcons general manager Thomas Dimitroff biked his way to work on Friday. Dimitroff rode from Buckhead to The Georgia Dome as part of "National Bike to Work Day."
Monday, May 13 2013 7:19 PM EDT2013-05-13 23:19:20 GMT
Former Atlanta Falcons star Warrick Dunn is now a graduate of Emory University. He was awarded a business degree after completing the university's Executive MBA program.
Former Atlanta Falcons star Warrick Dunn is now a graduate of Emory University. He was awarded a business degree after completing the university's Executive MBA program.
Monday, May 13 2013 10:01 AM EDT2013-05-13 14:01:16 GMT
It's that time of year again! The Falcons Golf Tournament at the River Club in Suwanee is Monday, and it starts 10 a.m. Good Day Atlanta's Buck Lanford is in the tournament and he spoke with quarterback Matt Ryan.
It's that time of year again! The Falcons Golf Tournament at the River Club in Suwanee is Monday, and it starts 10 a.m. Good Day Atlanta's Buck Lanford is in the tournament and he spoke with quarterback Matt Ryan and Coach Mike Smith!
Thursday, May 23 2013 8:45 PM EDT2013-05-24 00:45:30 GMT
Cody Chaffins' "Old School" blog is a place where he'll share some of his favorite treasures from the FOX 5 Sports archive.
Cody Chaffins' "Old School" blog is a place where he'll share some of his favorite treasures from the FOX 5 Sports archive. Every week, he will blow the dust off of 3/4'' and Beta tapes to uncover video that hasn't seen the light of day in decades. If you don't believe us, check out his first post!
It could have been the perfect matchup to cap an unforgettable game. LeBron James driving to the rim to face Roy Hibbert, one play to decide Game 1 of the Eastern Conference finals.
It could have been the perfect matchup to cap an unforgettable game. LeBron James driving to the rim to face Roy Hibbert, one play to decide Game 1 of the Eastern Conference finals.
Tiger Woods says the "fried chicken" comment from Sergio Garcia was hurtful and inappropriate. Two weeks after they verbally sparred at The Players Championship, Woods say it's time to move on.
By DOUG FERGUSON AP Golf Writer Sergio Garcia apologized to Tiger Woods for saying he would serve fried chicken if they were to have dinner at the U.S. Open, an ugly addition to nearly two weeks of verbal...
A.J. Murray and Mott Hyde hit back-to-back homers in the top of the ninth inning to help reigning champion Georgia Tech beat Florida State 4-3 on Wednesday in pool play at the Atlantic Coast Conference tournament.
A.J. Murray and Mott Hyde hit back-to-back homers in the top of the ninth inning to help reigning champion Georgia Tech beat Florida State 4-3 on Wednesday in pool play at the Atlantic Coast Conference tournament.
Evan Gattis kept up an amazing rookie season with his first grand slam, B.J. Upton and Ramiro Pena also homered, and the Atlanta Braves finished off a sweep of the woeful Minnesota Twins 8-3 Wednesday.
Evan Gattis kept up an amazing rookie season with his first grand slam, B.J. Upton and Ramiro Pena also homered, and the Atlanta Braves finished off a sweep of the woeful Minnesota Twins 8-3 Wednesday.
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