Giving the Falcons all of the revenue is crazy, no wonder they want a new stadium.
Cumulative collections from 2018-2044 of $494 mm, using $18.3mm per year. He didn't discount the cash flows, so came up not far off your number but it was not actually a PV. Not sure why he went ...
So then, did he come up with a number? Because even $17m a year is still going to be more than they need to pay off $200m in bonds.
Council voted 11-4 in favor. Watson, the guy who'd asked how much the Falcons were getting, insisted on the City CFO reading into the record his evasive response. Ultimately, after obfuscations r...
New stadium approved by Atlanta City Council alive11.com "The stadium would cost nearly a billion dollars to build. The Falcons have agree to pay for all but $200 million of the construction cos...
Ben, yes. Falcons bear all expenses, receive all stadium revenues, receive the HM tax stream and keep the stadium profits. Oh they still pay the convention authority $2.5mm / yr.
Is that right that the Falcons get revs from the non-Falcons events now instead of the Authority? If so you've gotta credit Arthur Blank. That's a bold play.
Ben: The tourist tax could be used for anything the city wants after 2020, or rescinded altogether if they felt like it. And if they did spend it on the Dome, sans Falcons, at least the city woul...
Not sure in what sense one would net out the $100 mm for paying off the Dome from the $600mm+ value of what the Falcons are getting. It was their choice not to pay off the Dome sooner - they used...
I don't think it's fair to count the $300M as a subsidy. If the Falcons didnt exist wouldn't the tourist tax be used to keep the Georgia Dome modern for the SEC championship, kickoff classic, Chi...