The budget for a new downtown stadium for the Atlanta Falcons has ballooned to $1.2 billion, the team revealed according to Tim Tucker of the Atlanta Journal-Constitution, up $200 million from the $1 billion figure that the team had previously used as an estimate.
Falcons stadium budget increases to $1.2 billion
Previous estimates of $1 billion for a new Falcons stadium have reportedly ballooned to $1.2 billion.
Daniel Shirey-USA TODAY Sports
The extra $200 million was attributed to multiple factors by the team, including the stadium’s unique eight-sided design and mammoth video board that will be built around a retractable roof. However, taxpayers will not be asked to pay any more than the $200 million that was agreed upon previously, as the Falcons will be responsible for picking up the extra costs.
Per Tucker, the Falcons expect $948 million of the stadium budget to go to construction and contingency, $102 million to development and pre-construction, $77 million for systems and equipment and $73 million for design and professional services.
The stadium is tentatively set to open for the 2017 NFL season.
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