Atlanta Mayor Kasim Reed still really wants to throw money at the Hawks for an upgrade to their 17-year-old arena:
“We have not settled on the number, but what we have looked at is our own capacity of what we can comfortably finance,” he said in an hour-long meeting with AJC reporters and the newspaper’s editorial board. “We think that number is between 100 million and 150 million (dollars).
“The total project would be anywhere from 200 million to 300 million (dollars),” he said.
Reed said the sources of funding haven’t been determined, but rental car taxes are likely to be part and he did not rule out funding from the Westside Tax Allocation District.
So… wait, what? The city can comfortably finance $100-150 million, but doesn’t know where the money would come from? I thought that $150 million figure was supposed to be from money available after the city sells Turner Field? Now it’s just a big ol’ number that Reed is offering Hawks owner Tony Ressler because that’s just what Atlanta does, even though the team can’t move anywhere without paying massive penalties? Come on, Atlanta Journal-Constitution, I’m counting on you to raise your eyebrows at least a little more at this.