BOSTON (AP) - NFL owners approved a $200 million loan Tuesday for the Atlanta Falcons to build a new stadium.
The multipurpose stadium could cost as much as $1 billion, with team owner Arthur Blank committed to funding most of it.
Blank, speaking at the NFL's spring meetings, called the decision by the team owners an ``important milestone'' in moving the project forward.
``The NFL has supported new stadium construction through various means for decades,'' he said. ``Our club owners understand that investments ... are important to the long-term strength of the league, and we thank them for their support.''
The stadium also will be built with $200 million from public bonds.
Blank said the design and construction of the Falcons' new home will take place over the next four years and the team plans to open the 2017 season there. The Georgia Dome, which opened in 1992, will be demolished when the new stadium opens.
Later Tuesday, owners will vote on the sites of the 50th and 51st Super Bowls. The San Francisco Bay Area and Florida are bidding for the 2016 game. The loser for that game will face Houston for the righto hold the 2017 Super Bowl.

Recent NFL Discussions

Handicapping 2017 Win Totals on Wed, May 2017 by Blade
2017 NFL Draft Grades on Sun, Apr 2017 by Blade
Betting the 2017 NFL Draft on Tue, Apr 2017 by Blade
NFL Draft Preview on Tue, Apr 2017 by Blade
2017 Heisman Odds on Wed, Mar 2017 by Blade

Top NFL Public Bets

NFL Top Stories

Thumbnail GM confident Falcons will sign Freeman Falcons general manager Thomas Dimitroff says he's confident that a deal with get worked out with running back Devonta Freeman.
Thumbnail Broncos' RB job open for competition The Broncos are set to have an open competition at running back for the 2017 season.
Thumbnail NFL Draft Prop Odds The 2017 NFL Draft gets underway later tonight. Here is a look at some of the featured prop odds for tonight’s first round.

NFL Team Pages