New Falcons stadium: $1.2 billion?

6:18 AM, Sep 12, 2012   |    comments
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ATLANTA -- The estimated cost of a new stadium for the Falcons just keeps going up.  Now, Mayor Kasim Reed thinks it could cost a quarter of a billion dollars more than what has been previously estimated.

Mayor Reed believes needed improvements around a new stadium site could add another $250 million. Those improvements would include sidewalks, roads and other amenities.

The estimated cost of a retractable roof stadium has been pegged at $948 million and with added improvements, the price tag could be as high as $1.2 billion. Two locations are being proposed; one north of the Georgia Dome and one immediately south.

Mayor Reed has suggested the City could launch a bond to help pay for surrounding infrastructure. However, there is still a lot of opposition to public money being used.

In March, an 11Alive News survey showed 74 percent opposed using taxpayer money for a new stadium and just last month, State Representative Mike Dudgeon (R - Johns Creek) said that he would try to block any state money from going into the project.

"I oppose this because I don't think it's the appropriate use of taxpayer money to finance stadiums for the NFL and for the Falcons," he said.

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