City of Atlanta approves football stadium financing

The new stadium will replace the Georgia Dome as the home to the Atlanta Falcons. (AP)

The Atlanta Falcons are a step closer to getting a new stadium.

The Atlanta City Council voted to approve a financing plan to build a new downtown stadium.

The city will use hotel-motel tax revenue to pay the $200 million public contribution for the proposed $1 billion, retractable roof stadium.

The new stadium, which is scheduled to open in 2017, will replace the Georgia Dome as home of Falcon football{}and the SEC Championship game.

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