By Rick Horrow and Karla Swatek
September 14, 2012
The San Francisco 49ers are building a new stadium and the Atlanta Falcons are seeking one. Both made news last week. In San Francisco, the 49ers already have sold $670 million worth of seats and luxury boxes for their under construction Santa Clara stadium, set to open in 2014. The team says 70% of current season-ticket holders have renewed for the new stadium, despite sizable ticket price increases.
Meanwhile in Atlanta, mayor Kasim Reed said land improvements to the site around a proposed Falcons stadium could raise the cost of the project from $950 million to $1.2 billion. The city of Atlanta isn’t a part of stadium negotiations, but Reed indicated the city could allocate some money towards the improvements. While the actual cost of the stadium isn’t expected to change, the improvements increase the overall cost of the project. Reed is confident that a new stadium to replace the Georgia Dome will be built. The Falcons hope the facility is ready by 2017.