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Contract deal reached for new Atlanta Falcons stadium

7:45 PM, May 24, 2013   |    comments
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ATLANTA, Ga. (AP) -- The Atlanta Falcons, state and city officials have agreed on a deal to ensure that at least 31 percent of construction awards for the team's new stadium are awarded to minority or women-owned firms.
    
Including minority and women-owned firms in the design and construction of the $1 billion, retractable roof stadium was a stipulation of council members' decision to use bonds backed by $200 million in hotel/motel taxes to fund construction.
    
Councilman Ivory Lee Young Jr. told the Atlanta Journal-Constitution he's encouraged by the franchise's commitment to diversity, saying the inclusion is a meaningful engagement of minority and female business owners.
    
As part of the deal, the dollar value of the contracts - not the number of contractors working  - will count toward the 31 percent goal.

Associated Press

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