Blank has long coveted a top-level soccer team for the city, and negotiations with the MLS intensified after he reached a deal on building a new $1 billion retractable roof stadium next to the Georgia Dome. Site preparation has already started, and the facility is expected to open in 2017.
Both the MLS and a top official from Blank's organization acknowledged last week that the two sides were close to a deal. The Atlanta Journal-Constitution reported that the new team would be announced Wednesday.
Blank, MLS Commissioner Don Garber and Atlanta Mayor Kasim Reed are scheduled to attend the news conference.
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