The groundbreaking for the future Falcons stadium has been postponed more than a month as the legal battle continues over the $200 million in construction financing to be provided by Atlanta.
The original schedule envisioned the ceremony would place the last week of March. Now the target is an unspecified date in May, according to a report on Bloomberg.com. It’s unclear if the delay is related to the court case.
Fulton County Superior Court Judge Ural Glanville said he expects to rule ...more
The Atlanta City Council is slated to cast a series of votes Monday that may resolve a bit of the uncertainty surrounding the planned Falcons stadium.
But no matter how the council votes, significant hurdles remain. Construction funding for the $1.1 billion stadium remains subject to a legal challenge that could derail the project. In addition, the council just this weekend received a highly anticipated report from Mike Dobbins that address issues of connectivity and community regarding the stadium site.
The report ...more
Atlanta now is proposing to reroute traffic west of the Falcons stadium from Martin Luther King Jr. Drive to a two-lane street that has curbside parking.
The Parsons Brinckerfhoff engineering firm designed this solution to the closure of the MLK viaduct. The proposal would create a “seamless” MLK Drive corridor, Richard Mendoza, the city’s public works commissioner, said Wednesday during a work session convened by the Atlanta City Council’s Utilities Committee.
MLK Drive once was a contiguous road that extended a dozen ...more
Terms of the deal for the Falcons stadium underscore the risks inherent in a delay in Atlanta’s sale of the bonds to fund the stadium, even as the Atlanta City Council appears to be in no rush to abandon land the state seeks for the stadium.
The Falcons can terminate the deal if Atlanta hasn’t sold bonds and deposited into the appropriate account at least $200 million by Sept. 30. The Falcons can back out if the former Herndon Homes public ...more
The Falcons stadium is the next “Peyton wall” of Atlanta, a lawyer said Monday, comparing the sports venue to an actual wall the city erected in 1962 to separate black and white neighborhoods.
By another account, the stadium saga is Atlanta’s version of “Groundhog Day.” In the movie, actor Bill Murray relived the same depressing events day after day after day. Poor people are the protagonists in this comparison to real life.
Symbolic language certainly was out in force Monday, following a ...more
A seven-week delay in Atlanta’s schedule sell bonds to help pay for construction of the Falcons stadium was the immediate result of a court hearing Monday morning.
Bond validation petitions typically are open-and-shut matters. Lawyers for the government usually get a speedy ruling from a judge that allows the sale of bonds to proceed posthaste.
In the case of Atlanta’s bonds for the stadium, Fulton County Superior Court Judge Ural Granville set the next date for a bond validation hearing for April ...more
A court challenge has been filed against Atlanta’s plan to sell $278.3 million in bonds to help fund construction of the Falcons’ $1.2 billion stadium.
The motion portrays a breakdown in legislative and administrative processes all the way from the state Capitol to the Georgia World Congress Center Authority and to Atlanta City Hall.
The motion raises legal issues involving the constitutionality of the hotel motel tax; the demolition of two churches; failure to address state-mandated environmental concerns; and failure ...more
Many structures in English Avenue and Vine City have fire damage. The city's Falcons stadium deal could do more to help Vine City, English Avenue, and Castleberry Hill, say opponents of the deal. Credit: Donita Pendered
Atlanta Mayor Kasim Reed may be bucking the adage that history judges leaders for their performance in battles not of their choosing.
One battle Reed did choose, and on which he will be judged, is to help the Falcons build a new stadium. The mayor ...more
The retractable roof on the future Falcons stadium is specified in the bond validation petition. Credit: newstadium.atlantafalcons.com
Atlanta is willing to pay an interest rate of up to 8 percent for the $278.3 million in revenue bonds it intends sell to provide construction financing for the new Falcons stadium.
To put that rate in perspective, Atlanta’s airport is paying rates ranging from 2 percent to 6 percent on its $3.1 billion in outstanding bonds, according to the airport’s 2013 Comprehensive Annual ...more
A segment of Martin Luther King Drive has been demolished as part of the Falcons stadium construction project. This area is east of Northside Drive. Credit: David Pendered
Progress on the new Falcons stadium has hit a new high gear.
A demolition crew worked Wednesday to rip out a portion of the viaduct of Martin Luther King Jr. Drive A Fulton County Superior Court judge on Tuesday set a hearing date of Feb. 17 to validate the $278.3 million the city ...more