Perhaps we should start calling the Gold Dome the inner perimeter, because it’s becoming one big bypass. Maria Saporta reports of a deal in the works to shift bond guarantees from the Georgia World Congress Center to the City of Atlanta, negating the need for a legislative vote:
Currently negotiations are underway at the Governor’s mansion between Gov. Nathan Deal, the Atlanta Falcons and the City of Atlanta where the bonding capacity would shift from the state to the city.
No matter which governmental entity would end up issuing the bonds for the $1 billion project, the deal would not change substantially. The $300 million bond package would continue to be backed by the existing hotel-motel taxes that are collected in the City of Atlanta. The Falcons and the National Football League would cover two-thirds of the stadium’s cost.
Of course, as has become custom from too many news outlets, there is no mention of the State’s cost to purchase land for the stadium or the infrastructure improvements that the City is also preparing to pay for, to the tune of as much as $250 Million. Regardless, as we’ve known for some time, Arthur Blank wants a stadium and Arthur Blank will get his stadium.
And the City will soon come to the state asking for help with issues that do affect the entire region, and those in the suburban part of the region will point to the distruction of a Dome with 20 years of functional life remaining and laugh.