Reed Downplays Falcons Stadium Lawsuit
Atlanta Mayor Kasim Reed is downplaying a lawsuit over the financing plan for the new Atlanta Falcons’ stadium.As heard on the radio
Reed Wednesday dismissed the suit as little more than a roadblock to completing the stadium on time.
“I’m not going to overreact to these tactics that I believe are just designed to delay the construction of the stadium,” Reed said.
The suit, filed in Fulton County Superior Court, comes from four Atlantans who live in the neighborhoods that surround the proposed $1.2 billion stadium. The self-identified “interveners” allege a number of legal violations in the stadium’s financing plan and want a judge to throw it out.
Among the alleged legal flaws is the use of nearly $300 million dollars in hotel/motel tax revenue to pay off some construction bonds.
Reed said he is willing to work with the community on some issues, like the splitting of Martin Luther King Junior Drive into two streets surrounding the proposed stadium.
“Community input, I’m totally open to, but I have a fundamentally different approach to community input and attorneys who I think are just trying to get a payday,” Reed said.
On Monday, a Fulton County Superior Court Judge delayed a bond validation hearing until April.
Bond validation is necessary to start construction on the stadium.
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