Economic development group to study stadium plan
by Associated Press Wire
March 19, 2013 11:25 AM | 311 views | 0 0 comments | 4 4 recommendations | email to a friend | print
ATLANTA (AP) — Officials say a vote to issue bonds for the Atlanta Falcons’ new stadium will not take place Tuesday, one day after the Atlanta City Council approved a financing plan for the facility.

The Atlanta Journal-Constitution reports that the board of Invest Atlanta, the city’s economic development arm, will meet Tuesday as scheduled. However, a vote to issue bonds backed by city hotel-motel taxes will not be on the agenda.

A spokesman for the agency said this morning the board needs more time to review recent amendments made to the agreement.

The city council’s 11-4 vote on Monday removed one of the last hurdles for the downtown project that will replace the 20-year-old Georgia Dome with a $1 billion, retractable roof stadium for the NFL’s Falcons.

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