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re: Report: Los Angeles wants to steal the Falcons from Atlanta

Posted on 1/29/13 at 10:54 am to
Posted by NorthGwinnettTiger
Member since Jun 2006
51837 posts
Posted on 1/29/13 at 10:54 am to
quote:

Also, I'm pretty sure Jerry paid for the Jerry Dome himself, correct? If a billionaire wants to fund a new building I still think it is wasteful, but it is his choice, so its cool.


No.


quote:

Originally estimated to cost $650 million, the stadium's current construction cost was $1.15 billion,[18] making it one of the most expensive sports venues ever built. To aid Cowboys owner and general manager Jerry Jones in paying the construction costs of the new stadium, Arlington voters approved the increase of the city's sales tax by 0.5 percent, the hotel occupancy tax by 2 percent, and car rental tax by 5 percent. The City of Arlington provided over $325 million (including interest) in bonds as funding,[18][19] and Jones covered any cost overruns. Also, the NFL provided the Cowboys with an additional $150 million loan, as per their policy for facilitating financing for the construction of new stadiums.
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