Falcons stadium budget increases to $1.2 billion

Daniel Shirey-USA TODAY Sports

Previous estimates of $1 billion for a new Falcons stadium have reportedly ballooned to $1.2 billion.

The budget for a new downtown stadium for the Atlanta Falcons has ballooned to $1.2 billion, the team revealed according to Tim Tucker of the Atlanta Journal-Constitution, up $200 million from the $1 billion figure that the team had previously used as an estimate.

The extra $200 million was attributed to multiple factors by the team, including the stadium's unique eight-sided design and mammoth video board that will be built around a retractable roof. However, taxpayers will not be asked to pay any more than the $200 million that was agreed upon previously, as the Falcons will be responsible for picking up the extra costs.

Per Tucker, the Falcons expect $948 million of the stadium budget to go to construction and contingency, $102 million to development and pre-construction, $77 million for systems and equipment and $73 million for design and professional services.

The stadium is tentatively set to open for the 2017 NFL season.

More from SB Nation NFL

NFL Debrief: Waiting for the man

NFL Takeaways: Contenders emerge at season's midpoint

Stafford fakes spike, scores game-winning TD | Megatron's 329 yards

Longform: Stafford, and the making of a quarterback

Is the problem Trent Richardson or the Colts' offense?

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.