The Georgia World Congress Center Authority (GWCCA) Board of Governors unanimously approved the complete schematic design and a preliminary budget of $1.2 billion, up by $200 million. The eight-sided design, retractable roof and 62,000-square-foot video screen within the roof opening are some of the high cost items. The budget includes $73m for design services and $71m for systems and equipment. Preconstruction is costing $102m and construction and contingency $948m.
GWCCA Executive Director Frank Poe said:
We are extremely pleased with the design concepts from 360 Architecture. This project is going to create an iconic stadium for the City of Atlanta and State of Georgia. With the design and infrastructure of the new stadium, we will not only preserve the Falcons in downtown Atlanta, but maintain our important legacy events as well as attract new events to our region.
The design for the stadium was recently completed by 360 Architecture, its local partners and the Atlanta Falcons and was presented to the GWCCA Board. Earlier this year, the design team presented the conceptual design, which has now been defined in more detailed terms of the stadium’s scale, components and features, including a state of the art roof system, a 63,466 sq. ft. halo video board, and the ability to customise the building façade with a specialised lighting system.
It was a big week for the GWCCA. On 24 October the Atlanta Falcons, GWCCA and 360 Architecture released new artist renderings. On 28 October the Stadium Development Committee met and recommended advancing the preliminary schematic drawings (concept drawings, schematics and preliminary elevations) to the Board of Governors for approval. In addition the Atlanta Falcons notified the Stadium Development Committee that the preliminary budget was now estimated at $1.2 billion. On 29 October the Board unanimously approved both designs and budget. Groundbreaking is set for April 2014, dependent on the GWCCA continuing to successfully purchase the necessary land.
Bonds backed by Atlanta’s hotel-motel tax will cover $200 million of the cost of building the stadium. The rest will come from the Falcons, the NFL ($200m) and personal seat license sales. The Georgia Dome will be demolished when the new stadium opens in 2017.