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Posted on 1/14/15 at 10:26 am to Diamondawg
quote:
Who is paying for all that unnecessary crap?
quote:
The funding for the new Atlanta stadium is a model example of a public-private partnership.
Private funding will cover approximately 70-80% of the stadium’s construction costs. In addition, the Falcons will take on construction cost overruns as well as operating and capital risks currently borne by the Georgia World Congress Center for the Georgia Dome, which relieves the state of these potential liabilities.
The remaining 20-30% of the cost of the new stadium will be publicly funded by the existing hotel-motel tax, which is paid by visitors. This is the same funding that has been used to fund the debt on the Georgia Dome for the past 20 years.
Posted on 1/14/15 at 10:29 am to Diamondawg
TAMU, they're rich so they say.
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