The Georgia World Congress Authority, which owns the Georgia Dome where the NFL's Atlanta Falcons play football, approved an arrangement for construction of a replacement stadium near the Dome. Its estimated $1 billion cost would be split 70/30 between the Falcons and the public, with the public’s share consisting of Atlanta and Fulton County hotel-motel tax revenues. Mayor Kasim Reed is a strong backer of the proposal.
The Authority would own the new stadium, which would be managed by the Falcons. The team would keep the revenues generated from parking and concessions, and pay rent to the Authority, which is a state agency.