Georgia Dome, home of the Atlanta Falcons
ATLANTA -- Falcons president Rich McKay confirmed the team would likely use some form of personal seat licenses for its proposed new stadium.
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McKay was among numerous officials who addressed the Atlanta city council at Wednesday's work session, in which the council deliberated and asked a variety of financial questions about the team's desired new building.
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McKay said that, while the team would definitely contemplate using a PSL program, he cautioned that "ours would be on a much smaller scale" than recent programs for new stadiums for the Cowboys, Giants, and Jets.
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The Giants and Jets have charged from $1,000 from $25,000 per PSL; since 2008, they have raised nearly $700 million from the program -- nearly half of the cost of their $1.6 billion MetLife Stadium in New Jersey. Cowboys ownership has charged up to $150,000 per seat in their new stadium, generating $500 million from PSLs in the process.
Among the other developments so far at Wednesday's work session:
- The Falcons will pay for any cost overruns with a new stadium, team CFO Greg Beadles confirmed.
- In the new stadium plan, the Georgia Dome would likely be turned into a parking lot. So said Frank Poe, executive director of the Georgia World Congress Center Authority. The lot would hold 500-1,200 spaces.
- McKay was asked whether the new stadium was a "want or a need" for the Falcons. McKay responded, "It's a need to create a long-term solution in [its current] location."
- Councilmembers Ivory Young and Kwanza Hall both stressed investment in minority-owned and smaller businesses when deciding contracts for the new stadium. McKay declined to make specific commitments but assured the council that the Falcons offer "our full commitment" to ensuring fairness and considering minority-owned businesses.
11Alive's Matt Pearl live-Tweeted the event; you should follow him on Twitter to get the full recap of the meeting.