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To: castlegreyskull

You are incorrect on soooo many levels

The Falcons have paid for the stadium


101 posted on 11/21/2017 11:20:15 AM PST by Nifster (I see puppy dogs in the clouds)
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To: Nifster

So did the city of Atlanta.


102 posted on 11/21/2017 12:42:15 PM PST by castlegreyskull
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To: Nifster

In December 2014, the Georgia World Congress Center’s board of governors approved a resolution to raise the cost of the stadium to $1.2 billion. The stadium was initially slated to cost $1 billion, then rose to $1.2 billion in October 2013.

The city has agreed to contribute $200 million in stadium bonds, but with additional tax revenuesand with the state of Georgia contributing $40 million for parking expansion, public spending is expected to reach near $600 million.

In January 2015, the Falcons announced the sale of personal seat licenses (PSL) costing up to $45,000 per seat, depending on the section of the stadium. The most expensive tickets is priced at $385 per game, in addition to one-time PSL fees, for the first three years.

On August 21, 2015, the Atlanta Journal-Constitution reported that Mercedes-Benz would acquire the naming rights for the stadium, and this was later confirmed by a press conference at the stadium site on August 24. Under the stadium deal with the city of Atlanta and the Georgia World Congress Center Authority, the Falcons organization controls the stadium’s naming rights and receives all related revenue. Then-Mercedes-Benz USA CEO Steve Cannon, who would subsequently join the Falcons’ organization in 2016 as CEO of AMB Group stated that the sponsorship would last 27 years, calling it the largest marketing deal in Mercedes-Benz’ history, but Cannon would not disclose the full value of the deal. Mercedes-Benz also holds a 10-year naming rights contract for the former Louisiana Superdome signed in 2011.


Did you catch that? Total public spending is $600,000,000. Keep worshiping your Falcons and your big ugly expensive stadium.


103 posted on 11/21/2017 12:47:21 PM PST by castlegreyskull
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