RollWave35
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ATLANTA - A tentative deal has been reached to build a new stadium for the Falcons in downtown Atlanta, city and team officials said on Thursday.
Mayor Kasim Reed and team owner Arthur Blank made the announcement during a press conference at City Hall.
Under the proposed deal, Reed said that the city will contribute $200 million, which will come from the city's hotel-motel tax. The other $800 million will be paid by the Falcons. The Falcons will also contribute an additional $50 million in infrastructure costs.
http://www.myfoxatlanta.com/story/21545064/city-expected-to-make-announcement-on-falcons-stadiumTeam officials said that a site just south of the Georgia Dome is the preferred site, but there are still details that need to be worked out.
Georgia Gov. Nathan Deal praised the agreement.
The proposed deal is now in the hands of the Georgia World Congress Center and the Atlanta Falcons Association, Reed said.
The Atlanta City Council must still approve the new deal, officials said.
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