The Georgia Supreme Court affirmed the lower court’s decision finding that Atlanta’s plan to issue $200 million in bonds to help finance the construction of a new stadium was within the bounds of the state constitution.
The $1.4 billion construction project has been delayed by a lawsuit brought by a group of Atlanta residents who challenged the city’s plan to use hotel-motel tax revenue to finance $200 million of the $1.4 billion. Although other cities often use a hotel-motel tax on their sports facilities, the …
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