<
>

Falcons' stadium-finance plan upheld

The Georgia Supreme Court upheld the City of Atlanta's intention to aid in financing the Atlanta Falcons' new $1.4 billion stadium.

This allows the city to proceed with delivering $200 million in bonds toward the project. The stadium is scheduled to open in 2017.

"We are pleased with the Supreme Court opinion released today upholding the validation of the hotel-motel tax revenue bonds to be issued by Invest Atlanta as partial financing of the new Atlanta stadium," the Falcons said Monday in a statement. "We appreciate the support and diligence of our partners at the city, Invest Atlanta and the Georgia World Congress Center Authority in seeing this through, and we look forward to continuing to work with them as we complete the construction of a facility that will benefit the city and state for many years to come."

During this year's Super Bowl week, Falcons owner Arthur Blank expressed how pleased he was with the progress of the stadium construction.

"I'm excited for the franchise, for our fans, all of the stakeholders," Blank told ESPN.com. "Any owner would say [about their own stadium] that this is going be the finest stadium, but it's more important to me that people who are more objective than I would probably look at it and say it's going to be finest sports-entertainment facility in the United States and one of the best in the world."

Blank plans to submit a bid for the Falcons to host the Super Bowl in 2019. The finalists for that Super Bowl will be announced in a couple of months, then voted upon and chosen in May 2016.