Atlanta Falcons

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In an effort to replace the aging Georgia Dome and potentially host a future Super Bowl, team owner Arthur Blank proposed a deal with the city of Atlanta to build a new state-of-the-art stadium not far from where the Georgia Dome is located. Blank will contribute $800 million and the city of Atlanta will contribute an additional $200 million via bonds backed by the city's hotel/motel tax towards the construction of a retractable roof stadium. Blank will contribute additional money for cost overruns if it is needed. The team will provide up to $50 million towards infrastructure costs that weren't included in the construction budget and to retire the remaining debt on the Georgia Dome. In addition, Blank's foundation and the city will each provide $15 million for development in surrounding neighborhoods. Though the total cost of the stadium was initially estimated to be around $1 billion, the total cost was revised to $1. 5 billion according to Blank. In March 2013, the Atlanta City Council voted 11–4 in favor of building the stadium. The retractable roof Mercedes-Benz Stadium broke ground in May 2014, and became the third home stadium for the Falcons and the first for the new Atlanta United FC Major League Soccer club upon opening in 2017.