by: Jim Strickland Updated:
Developers of a new College Football Hall of Fame say they have raised more than $50 million in sponsorship commitments, triple the figure from December.
The Georgia World Congress Center Authority voted on Thursday to green-light the project, which calls for a 95,000-square-foot attraction on the Congress Center's Green Lot, between the Chamber of Commerce and the Embassy Suites Hotel in Downtown Atlanta.
The total cost of the project, including improvements to the site, will be about $65 million, according to interim CEO John Stephenson.
The state must approve $15 million in bond funding to pay for site improvements. The hall is expected to open late in 2014.
The site is being relocated from South Bend, Indiana, where the current facility has suffered disappointing attendance.