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

uconn / smu college hoops on Sat, Feb 2017 by armyranger
Carolina Wise Guy.....What? on Thu, Feb 2017 by Timmy1961
2017 NFL Draft Props on Fri, Feb 2017 by Blade
Handicapping Week 1 on Fri, Feb 2017 by Blade
Blade what time do you get up on Thu, Feb 2017 by Blade

Top NFL Public Bets

NFL Top Stories

Thumbnail Vikings noncommittal to AP Vikings general manager Rick Spielman was noncommittal when speaking about Adrian Peterson on Thursday.
Thumbnail Krik Cousins Next Team Prop Odds Which team will Kirk Cousins be playing for in Week 1 of the 2017 NFL regular season?
Thumbnail Tony Romo Next Team Prop Odds Which team will Tony Romo play for when the 2017 NFL regular season begins? Oddsmakers have weighed in.
Thumbnail Taylor could be fit in Cleveland Could current Bills Tyrod Taylor be a fit for the quarterback-needy Browns next season?
Thumbnail Palmer, Fitz both returning for Cards The Arizona Cardinals will have their starting quarterback back for 2017, as Carson Palmer confirmed he will return to play next season.
Advertisement

NFL Team Pages