Posted Mar 18, 2013, 7:58 PM
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Registered User
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Join Date: Feb 2005
Posts: 8,619
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Key stadium vote could come today
http://www.ajc.com/news/news/local/k...e-today/nWwXq/
Quote:
A pivotal vote by the Atlanta City Council on a plan to build a new $1 billion downtown stadium for the Atlanta Falcons could come this afternoon.
At its regularly scheduled council meeting, the council will consider a resolution to approve the use of 39.3 percent of the city’s 7-cents per dollar hotel-motel tax through 2050 for stadium construction and expenses.
The tax would back bonds that would cover $200 million of the upfront construction costs, as well as pay interest on the 30-year bonds and cover some stadium operating and maintenance expenses over the years.
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