The Mount Vernon Baptist Church congregation voted overwhelmingly Thursday night to accept a $14.5 million offer to sell its property to make room for the new Atlanta Falcons stadium just south of the Georgia Dome, church leaders announced.
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Staff writer Leon Stafford contributed to this article.
Sunday: The congregation of Friendship Baptist Church will vote on a deal to sell its property.
Oct. 1: Deadline for the Falcons and the Georgia World Congress Center Authority to settle on stadium site.
Oct. 31: Deadline for schematic drawings to be approved.
Mid-2014: Construction is scheduled to begin.
March 2017: Construction is scheduled to be completed. Demolition of Georgia Dome is scheduled to begin.
Story so far
The Atlanta Journal-Constitution has followed the Atlanta Falcons pursuit of a new stadium since the idea was floated in 2006. The deal now hinges on a second church agreeing to sell its property to secure a site for the stadium south of the Georgia Dome. Some highlights on the negotiations with the two churches:
March 15: The Georgia World Congress Center Authority board approves a deal with the Falcons, which calls for $200 million of the construction cost to be paid from proceeds of city-issued bonds backed by the hotel-motel tax, and the rest to be paid by the Falcons, personal seat license sales and the NFL. In all, the deal calls for 39.3 percent of Atlanta’s 7-cents-per-dollar hotel-motel tax to go toward costs of financing, operating and maintaining the stadium through 2050 — likely hundreds of millions of dollars more than the initial $200 million, according to projections.
March 18: The Atlanta City Council votes 11-4 to approve the deal.
April: Negotiations begin with two churches, Friendship Baptist and Mount Vernon Baptist, that would have to be purchased and razed for the stadium to be built on the “preferred” site just south of the Dome.
July 30: The Falcons declare the preferred south-of-the-Dome site where the churches sit “not feasible at this time” because the needed property hadn’t been acquired, and the team begins a study of the alternate site one-half mile north of the Dome.
Aug. 1: The GWCCA terminates negotiations to purchase Mount Vernon Baptist after the church rejects a $6.2 million offer and seeks $20.375 million.
Aug. 6: Atlanta Mayor Kasim Reed announces a tentative $19.5 million deal for the Falcons to purchase Friendship Baptist and calls on the GWCCA to “try harder” to reach a deal with Mount Vernon Baptist.
Aug. 16: Reed announces Mount Vernon has dropped its asking price to $15.5 million.
Sept. 11: The city confirms it has made a $14.5 million offer to Mount Vernon, with the Falcons supplementing the state’s $6.2 million.
Sept. 19: Mount Vernon votes to accept $14.5 million for its property.