NFL and MLB: Atlanta and Minneapolis new stadiums update April 21, 2015

NFL and MLB: Atlanta and Minneapolis new stadiums update April 21, 2015

New Atlanta Falcons Stadium

The Atlanta Falcons’ new home is located next to the 22-year-old Georgia Dome, and the new stadium now will cost 50 percent more than planned. The initial cost estimates were $950 million, and then they climbed to $1.2 billion when the designs for the dramatic stadium were unveiled. The the stadium cost increased to $1.4 billion.

According to the agreement with the Georgia World Congress Center Authority, $200 million of the stadium financing are to be covered by Atlanta’s hotel-motel taxes.

Any other costs above and beyond those $200 million are legally obligated to be covered by Blank, the Atlanta Falcons, the National Football League and private financing.

Source: Atlanta Business Chronicle

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April 2015 update
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Photos from March 2015

Source: Atlanta Falcons
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New Minnesota Vikings Stadium

The new Vikings stadium construction is now at its halfway point. Construction officials say the project is on schedule and due to be completed by July 29, 2016. It got its official start in early December 2013.
The Vikings have kicked in more than $70 million on top of their $477 million initial contribution to cover rising costs and design changes in the first half of the billion-dollar project in downtown Minneapolis.

Source: St. Paul Pioneer Press

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April 2015 update
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Source: Minnesota Vikings
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New Atlanta Braves- SunTrust Park

The total budget for the new SunTrust Park is $672 million. This includes the SunTrust Park, parking and other related infrastructure. Atlanta Braves will be responsible for $372 million and the remaining $300 million will be contributed by Cobb County and the Cumberland Community Improvement District. The Atlanta Braves will be responsible for all cost overruns. The SunTrust Park will be owned by Cobb County. The agreement is for the Atlanta Braves to lease the facility for 30 years with an option to extend for another 5 years.

The Atlanta Braves are building the new SunTrust Park and mixed-used development that will open in time for the first pitch of the 2017 season. The new location is in an Atlanta suburb, near the northwest intersection of I-75 and I-285 Perimeter in Cobb County.

Source: Cobb County

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April 2015 update

Source: Atlanta Braves

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New St.Louis, Los Angeles and other stadiums
The St. Louis stadium project has a presentation by Dave Peacock to members of the NFL’s Los Angeles opportunities committee and league officials in New York on April 22, 2015.

Missouri Governor Jay Nixon’s stadium task force is presenting to a key committee of NFL owners in New York City on April 22, 2015.

The Los Angeles committee is also charged with evaluating the St. Louis stadium proposal.

Besides Peacock presenting the St. Louis plan, representatives from the Rams, the Oakland Raiders, and San Diego Chargers will make presentations on their stadium proposals in the Los Angeles area. Rams owner Stan Kroenke plans to build a stadium in Inglewood.

The San Diego Chargers and Oakland Raiders, meanwhile, have teamed up on a competing Los Angeles stadium project in Carson. California.

Source: St. Louis Post-Dispatch