View Single Post
  #5  
Old Posted Nov 7, 2016, 9:56 PM
smArTaLlone smArTaLlone is offline
Registered User
 
Join Date: Feb 2005
Posts: 8,589
Georgia State could spend $48 million on Turner Field deal

http://www.ajc.com/news/local-educat...3MPr0Qc5S42NM/

Quote:
In total, the university portion of the project would cost $52.8 million, including $47.8 million from Georgia State’s own accounts, $1.3 million from the school’s athletic association and $3.8 million in private money.

Most of the money — $26 million — would go towards stadium renovations to remake Turner Field into a 22,000-seat stadium, according to Board of Regents records. That work, which would take place in two phases, would include a new field, covering upper deck seating, reorienting lower bowl seating and upgrading locker rooms and other areas.

Scott Taylor, president of lead development partner Carter, said in August the development partners will fund their portion of the project through their own equity, investor dollars and financing from major financial firms. About 70 percent of the development value will go on the tax rolls.
Reply With Quote