facebook
twitter
rss
account
search
search
 

NFL approves $200 million loan for Falcons' new stadium

May 21, 2013 at 4:18 PM   |   Comments

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.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
UPI Sports Schedule for Saturday, September 20
2
NCAA Game Summary - Iowa at Pittsburgh
3
Hill, BYU keep rolling with win over Virginia
4
UPI Sports Results for September 19, 2014 UPI Sports Results for September 19, 2014
5
Abdullah leads No. 24 Nebraska over Miami
Trending News
Video
x
Feedback