State officials are prepared to spend more than $30 million to buy land and build parking for the new Atlanta Falcons stadium, despite balking last year at state involvement in issuing construction bonds for the $1.2 billion-plus project.
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STATE COSTS FOR FALCONS STADIUM
$17 million: Parking deck expansion
$6.2 million: State’s share of the purchase of Mount Vernon Baptist Church’s property (Falcons paid an additional $8.3 million for a total purchase price of $14.5 million)
$2.73 million: Four small pieces of property purchased by state from private landowners
$7.37 million: A special master’s ruling on the amount to be paid for a final piece of property the state is in the process of acquiring by use of eminent domain, including $6.9 million to the property owners and $467,000 to leaseholders. (The state is appealing.)
Potential total: $33.3 million
(Note: Falcons paid for the $19.5 million cost of purchasing Friendship Baptist Church’s property.)