facebook
twitter
search
search

NFL approves $200 million loan for Falcons' new stadium

May 21, 2013 at 4:18 PM

BOSTON, May 21 (UPI) -- National Football League owners voted Tuesday in Boston to provide the Atlanta Falcons with $200 million in funding for the team's proposed new stadium.

The funding will come as a loan from the league's "G-4" program for stadium construction and renovation, the Falcons said on their website.

An agreement on a new stadium between the Falcons and the city of Atlanta was announced in March. The team has played in Atlanta's Georgia Dome since 1992. The new Falcons' stadium is to be built near the Georgia Dome.

The retractable-roof stadium is scheduled to be ready for the 2017 football season.

Related UPI Stories
Latest Headlines
Trending Stories
SB50: Denver Broncos face tough call at QB in 2016
Johnny Manziel's ex-girlfriend claims he hit her
NFLPA hopes to have independent arbitration for player discipline next season
Watch every star-studded Super Bowl commercial of 2016
Group recreates 'Mario Kart' video game at UK mall