by: John Bachman Updated:
ATLANTA - Monday, the Georgia World Congress Center Authority got a look at the latest design of the new Falcons' football stadium.
Monday the team's president Rich McKay also officially announced the new price tag is $1.2 billion. That's up $200 million, but McKay said the increase was not unexpected.
He added that if you want to build the stadium of all stadiums, you have to pay for it. McKay
Monday, the Falcons presented their concepts to the Georgia World Congress Center Authority board, which is expected to approve them Tuesday. They include plans for seating around a soccer field.
Falcons owner Arthur Blank has said he wants Major League Soccer in Atlanta.
Frank Poe, the
"You certainly at this stage make provisions for that even though there may not be a team in place right now," Poe said.
The designs show a retractable roof unique to this
"We feel pretty good that the building as designed can be delivered at the number we think and public runs no risk with that number, we take all the risk," McKay said.
The City of Atlanta committed $200 million from the hotel-motel tax fund for the stadium. That has not changed.
The Falcons are paying for any cost over-runs. One thing that is still to be determined is Personal Seat Licenses and the fees season ticket holders will pay for the right to buy their tickets.
It is a way the Falcons will pass some of the cost on to fans. McKay said that discussion won't happen for at least a couple more months.