Atlanta Falcons talk dollars and cents about new stadium - CBS46 News

Atlanta Falcons talk dollars and cents about new stadium

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ATLANTA (CBS ATLANTA) -

For more than five hours, Atlanta City Council's Finance Committee met with members of the Atlanta Falcons Organization Thursday regarding the construction of a new stadium.

"To this day we don't know what the thing will look like," Atlanta Council Member C.T. Martin said.

Martin believes the Falcons proposal is not specific enough.

"A lot of streets will have to be changed and how the community is laid out and most importantly how it is designed. Design dictates so many things," Martin said.

Atlanta Falcons President Rich Mckay and company informed the city that infrastructure costs would be approximately $50 million to cover the impact on roads and neighborhoods in the area.

"There is a $30 million commitment of direct investment into the community of Wine City and English Avenue and Castleberry Hill," city of Atlanta Chief Operating Officer Duriya Farooqui said.

Plus, the Falcons proposal places a $200 million cap on construction of a retractable roof stadium just south of the current Georgia Dome.

"It's right in the heart of the congress center where it ties into Philips Arena and the CNN Center and all those things, and there's some great views for downtown," Atlanta Falcons Chief Financial Officer Greg Beadles said.

The Atlanta Falcons have said they will cover any costs above and beyond what is proposed. It will not fall back on taxpayers. Full council meets Monday to either vote in favor of the proposal or assign it to committee. Also, another work session is scheduled with the Falcons at City Hall next Thursday at 2 p.m.

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