The job of selecting architects and contractors for the Atlanta Falcons' new $1 billion stadium is under way now that the city's economic development agency, Invest Atlanta, has approved the issuance of $200 million of bonds for the project.

Invest Atlanta's board approved the bond resolution last week by a vote of 8-to-1. The board also approved a tri-party development agreement between the city, the team, and the Georgia World Congress Center, the state agency that owns the Georgia Dome where the Falcons currently play. The Dome will be demolished after the new retractable-roof, multi-purpose stadium is constructed.

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