Contract deal reached for new Falcons stadium - Los Angeles Local News | FOX 11 LA KTTV

Contract deal reached for new Falcons stadium

ATLANTA (AP) - The Atlanta Falcons, state and city officials have agreed on a deal to ensure that at least 31% of construction awards for the team's new stadium are awarded to minority or women-owned firms.

Including minority and women-owned firms in the design and construction of the $1 billion, retractable roof stadium was a stipulation of council members' decision to use bonds backed by $200 million in hotel/motel taxes to fund construction.

Councilman Ivory Lee Young Jr. tells the Atlanta Journal-Constitution (http://bit.ly/13R0Y3P) he's encouraged by the franchise's commitment to diversity, saying the inclusion is a meaningful engagement of minority and female business owners.

As part of the deal, the dollar value of the contracts - not the number of contractors working - will count toward the 31% goal.

 

Information from: The Atlanta Journal-Constitution, http://www.ajc.com

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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