The Falcons stadium is the next “Peyton wall” of Atlanta, a lawyer said Monday, comparing the sports venue to an actual wall the city erected across Peyton Road in 1962 to separate black and white neighborhoods.
By another account, the stadium saga is Atlanta’s version of “Groundhog Day.” In the movie, actor Bill Murray relived the same depressing events day after day after day. Poor people are the protagonists in this comparison to real life.
A seven-week delay in Atlanta’s schedule sell bonds to help pay for construction of the Falcons stadium was the immediate result of a court hearing Monday morning.
Bond validation petitions typically are open-and-shut matters. Lawyers for the government usually get a speedy ruling from a judge that allows the sale of bonds to proceed posthaste.
In the case of Atlanta’s bonds for the stadium, Fulton County Superior Court Judge Ural Granville set the next date for a bond validation hearing for April 10. In the meantime, opponents of the bond issuance can begin gathering at least some of the evidence they intend to use to try to prevent the city from issuing $278.3 million in bonds to help finance the stadium.
Atlanta is willing to pay an interest rate of up to 8 percent for the $278.3 million in revenue bonds it intends sell to provide construction financing for the new Falcons stadium.
To put that rate in perspective, Atlanta’s airport is paying rates ranging from 2 percent to 6 percent on its $3.1 billion in outstanding bonds, according to the airport’s 2013 Comprehensive Annual Financial Report. The airport bonds are paid with proceeds of airport revenues, passenger fees and federal grants.
These terms and others are cited in the bond validation petition that Fulton County Superior Court Judge Ural Granville is scheduled to hear Feb. 17. Opponents who think the stadium deal could do more than the current plan to transform nearby neighborhoods are expected to contest the bond validation.
A planned VIP parking lot at the future Falcons stadium will require a virtual dead end of Martin Luther King Jr. Drive at the stadium, and will affect the road’s ability to become the grand boulevard envisioned by Atlanta Mayor Kasim Reed.
[Scroll down the story to see a gallery of photos of the Martin Luther King Jr. Drive corridor.]
The first public discussion of this proposal is scheduled Tuesday morning during the Atlanta City Council’s Utilities Committee.
The Falcons contend fans will benefit from VIP parking and related traffic management plan that will enhance their game-day experience. Others disagree.
At the start of the 2013 college football season, Chette Williams, chaplain of the Auburn University Tigers, said he told a reporter, “I hope our football team scores a lot of touchdowns for Jesus.”
Williams had no idea what miracles were coming, the preternatural last-second shifts of fortune that enabled Auburn to beat huge rivals—Georgia and No. 1-ranked Alabama—and end up squaring off against Florida State University tonight in the NCAA college football championship.
Williams documented his experiences in the 2013 book, “The Broken Road: Finding God’s Strength and Grace on a Journey of Faith” (Looking Glass Books). It chronicles the three-year spiritual climb by the Auburn players and coaches to their previous national championship at the end of the 2010 season.
Atlanta Mayor Kasim Reed prevailed Monday when the Atlanta City Council approved a community benefits deal that will release $200 million in city funds for the future Falcons stadium.
Reed wanted a deal done by year’s end, and the council approved the deal unanimously. But the issue may not be over: Some civic leaders threaten to file a lawsuit to overturn the benefits deal and block the funds.
Invest Atlanta expects to begin accepting applications for projects in January. In addition, the council is to appoint members to a committee it created Monday that’s intended to promote job creation in the stadium neighborhoods.
As if to underscore the extent of blight in stadium neighborhoods, the council approved a $59,126 contract to cover four years of back rent for a police precinct in Vine City.
Never let it be said that the Atlanta City Council doesn’t have a sense of hope and humor.
The council will ask the Atlanta Braves to serve on a task force to recommend ways to spiff up the Turner Field area. The Braves intend to leave the Ted for Cobb County in the the 2017 season.
In addition, the council expects to adopt Monday the community benefits deal regarding the future Falcons stadium, which has riled some civic leaders, and a slate of recommendations on how to bolster Atlanta’s central business district – where the office vacancy rate is among the region’s highest.
This story has been updated.
The Atlanta City Council is slated to vote Dec. 2 on the community benefits deal that must be approved before the city can provide $200 million in construction funding for the future Falcons stadium.
The council’s Community Development Committee approved an amended deal at 7:20 p.m., almost four hours after residents of stadium neighborhoods first gathered in a crowded council meeting room.
The outcome of the city’s $200 million in stadium funding remains uncertain. Opponents have said they will file a lawsuit to prevent the city from issuing the funds.
Atlanta Mayor Kasim Reed is on track to wrap up on Dec. 2 the loose ends of the city’s promise to provide $200 million to the Falcons for a new stadium.
For that to happen, a committee that’s worked on a community benefits plan since July was told Wednesday night that it will not get to recommend a plan to the Atlanta City Council. The political fallout has already begun: Atlanta City Council President Ceasar Mitchell says the process has lost credibility; civic leaders talked Wednesday of filing a lawsuit to halt the process of providing the money to the Falcons.
While this controversy was erupting at City Hall, Reed was at a community meeting near Buckhead talking about a number of initiatives for his second term – including the demolition of Turner Field, after the Braves depart in 2017, in order to create a 57-acre tract that will be, Reed said, “wildly attractive to investment.”
The stage is all but set for the Atlanta City Council to approve on Dec. 2 the community benefits deal that’s required for the city to provide its $200 million to help pay for a new Falcons stadium.
Whether that will happen remains a huge question. There likely is a good deal of political pressure mounting on one side for the council to pass the measure, and on the other to defer a vote until two newly elected citywide councilmembers take office in January – Andre Dickens and Mary Norwood. Both were opposed by Mayor Kasim Reed.
In addition, a scathing YouTube video was posted late Thursday. The two co-spokesmen are the Rev. Anthony Motley and the Rev. W.L. Cottrell, Sr. – both with deep ties to the stadium communities and both of whom have criticized the city’s process for crafting a community benefits deal.
When the Braves made yet another early post-season exit last week, this time against the Los Angeles Dodgers, former closer Billy Wagner said he was in bed. He said he was too busy working with his son’s private high school baseball team, which he coaches, in Crozet, Va. to watch the National League Division Series.
In 2010, Wagner gave up $6.5 million from the Atlanta Braves, the near-certainty of being major league baseball’s No. 1 closer and any hope of playing in a World Series. He chose home over the game.
How could he give all that up so easily? He answers in a new memoir, “A Way Out: Faith, Hope & Love of the Game.”
The issue of how to harness the economic power of the future Falcons stadium in order to create jobs for lower income residents of nearby neighborhoods has received scant attention in the discussion to date.
Now the jobs forecast is in: 1,300 new jobs are predicted in the city’s redevelopment plan that covers English Avenue and Vine City, but not Castleberry Hill – which is supposed to be part of the deal. Of these jobs, 47 appear to be temporary construction-related jobs; 891 appear to be permanent jobs in retail shops and a hotel; and the tasks associated with 362 jobs are not specified in the plan.
There has yet to be a significant discussion of the creation of local hiring program to give nearby residents a first crack at these jobs – let alone jobs building the stadium. Yet such a program is not new ground, because Atlanta has established provisions relating to jobs in previous community benefits deals.
The $15 million offered by Atlanta to fix up neighborhoods around the planned Falcons stadium is the subject of an emerging controversy.
The money had already been earmarked for the neighborhoods before the stadium deal was announced in March, according to an Invest Atlanta official. A planning firm had already been hired to recommend how the money be spent.
In that case, the sum shouldn’t be counted toward efforts to help mitigate stadium-related issues such as traffic and storm water runoff, according to neighborhood leaders who serve on the committee that’s guiding the stadium-related community benefits deal.
Down 41-0 at halftime Friday night, the Cross Keys Indians could have easily folded. They had every reason to be discouraged: They haven’t had a winning season since 1994. They haven’t won a game since Sept. 16, 2011.
But these sons of immigrants, first generation Americans and football players, never fold. Just as their parents haven’t given up on building a good life in a sometimes inhospitable land of opportunity, so too, it seems, these teenagers keep believing they can master a game that was alien to them as children.
“Giving up is for punks,” said senior quarterback and free safety Oluwatomi “Tomi” Adedayo, whose team of 37 players includes 16 born in Asia, Africa, and Central America. “You start to give up and they’ll see it in your eyes. So you just keep your head up and you keep fighting.”
Atlanta is scheduled to sell more than $550 million in revenue bonds Tuesday in order to refinance existing water and sewer bonds, according to bondbuyer.com.
The refund itself appears unexceptional, though the sale may have prompted credit rating agencies to review – and improve the rating on – Atlanta’s $3.1 billion in outstanding wastewater system revenue bonds.
However, the sale planned for Tuesday does offer a window into the current state of municipal debt at a time Atlanta prepares to sell $200 million in bonds for a new Falcons stadium. Atlanta will be selling into a volatile market in which buyers demand increasingly high interest rates for bonds maturing in more than 10 years, according to an Aug. 8 report by Morgan Stanley Wealth Management:
Atlanta City Council President Ceasar Mitchell applied the brakes Wednesday to efforts to hurry the city into providing $200 million in construction financing for the new Falcons stadium.
Mitchell’s action seems to bolster Atlanta’s bargaining position in the negotiations to have the stadium built on the south site – the location preferred by the city. The Falcons organization said July 30 it is focusing on the north site because the south site was not on track by Aug. 1 to be acquired from two churches.
Mitchell’s action makes it unlikely that Atlanta will be in a position to provide any of the $200 million anytime soon, and certainly not during the November timeframe that seemed possible just last month. It’s not clear when the Falcons need the money from Atlanta to continue with design and development.
The Georgia Bulldogs were losing 7-0 in the fourth quarter in their season opener in Austin, Texas, when they fielded a punt on the five yard line. The University of Texas, then the #11 team in the country, seemingly had the game well in hand on that humid Saturday night, September 20, 1958. Eighteen-year-old Sophomore Fran Tarkenton was not only a third-string quarterback on the Bulldogs, his coach was planning to frustrate the ambitious athlete further by postponing his football career another year by designating him a “red-shirt” player.
As the offensive players ran onto the field, Fran looked over and saw his team’s star quarterback sitting on the bench. In a move that today would no doubt be played over and over on ESPN Sports Center highlights, Fran strapped on his helmet and ran onto the field and knelt down in the huddle and called the next play.
As the captain of the Purdue Boilermakers women’s basketball team for a third straight year, Andrea ‘Drey’ Mingo is no stranger to hard work. The 6-foot-2 forward was a McDonald’s All-American at Atlanta’s Marist high school, an AP honorable mention All-American in college and has dreams of one day being a pediatric cardiologist. But no amount of physical or mental training could have prepared her for the trials and tribulations she faced starting in her junior season at Purdue.
Drey went to her trainer to say she wasn’t feeling well. She was prescribed some over-the-counter antibiotics and sent home. A day later, she was found unconscious on her bedroom floor. She had contracted bacterial meningitis. She lost her hearing five days later.
Now that Atlanta has approved public funding for the Falcons stadium, the Georgia World Congress Center is hiring a new lobbyist at a salary that could exceed $100,000 a year.
The GWCC was sidelined during the final financial negotiations for public funding for the $1 billion stadium. Gov. Nathan Deal decided against asking the Legislature to get involved in the tax issue and asked Atlanta Mayor Kasim Reed to broker a deal with the Falcons.
Frank Poe, the GWCC’s executive director, told ESPN.com on the day the preliminary deal was announced, March 7, that he was not aware of the financial agreement until, “the last 24 hours.”
After serving 25 years as a minister in the Episcopal Church, Fred Northup opened up his newspaper’s sports section to find something more troubling than usual in December 1997. As he read a story on NBA basketball player Latrell Sprewell angrily walking up to his Golden State Warriors coach P.J. Carlesimo and choking him during a practice, he sensed the future of sports was in deep trouble. He wondered if he could help.
Living in Seattle at the time, Fred and his wife were preparing to move to Atlanta and he was looking forward to a lunch meeting with a friend to discuss his options in Atlanta. But their lunch conversation focused on the Sprewell incident. Fred tried to change the subject.
“He said, ‘Well, Fred, you can do a lot of things, but if you could get these athletes to grow up and behave then the world would love it.’ ”
