"There are multiple business groups, ownership groups, in Los Angeles that are actively to place a team in Los Angeles and they're willing to pay a heck of lot more than $200 million for that opportunity," Reed told FOX 5's Morse Diggs in a phone interview on Tuesday.
Reed stressed that the Falcons never presented any ultimatums to the city.
"We have an owner who is committed to the city of Atlanta and when I met with Council, I never said anything but that he was committed to Atlanta," Reed said.
The mayor said he simply told local lawmakers it is time for a "reality check," and that supporting a reasonable public commitment is in the best interest of the city in the long term.
A preliminary plan that has been discussed calls for a new stadium to be built in Atlanta at a cost of around $1 billion, of which the Falcons would pay about $800 million. The team would also pay about $50 million to pay off debt on the Georgia Dome. The remaining $200 million would come from public funds, paid primarily from visitors through a hotel-motel tax extension.
Reed said that he wants an agreement for the public-private funding of a new home for the Falcons in 60 days.
"This is going to be well-debated but I'm not going to spend 60 or 90 or 120 days in this space, this is not complex," Reed said.
By DOUG FERGUSON AP Golf Writer Golf's governing bodies approved a new rule Tuesday that outlaws the putting stroke used by four of the last six major champions, going against two major golf...
By DOUG FERGUSON AP Golf Writer Golf's two governing bodies outlawed the anchored putting stroke used by four of the last six major champions, approving a new rule that starts in 2016 and urging the PGA...
Georgia baseball coach David Perno has resigned after a 12-year tenure that included three trips to the College World Series but fell on hard times in recent seasons.
Georgia baseball coach David Perno has resigned after a 12-year tenure that included three trips to the College World Series but fell on hard times in recent seasons.
Julio Teheran pitched 8 1-3 strong innings, Dan Uggla hit a three-run homer and the Atlanta Braves won their fourth straight game with a 5-1 victory over the struggling Minnesota Twins on Monday.
Julio Teheran pitched 8 1-3 strong innings, Dan Uggla hit a three-run homer and the Atlanta Braves won their fourth straight game with a 5-1 victory over the struggling Minnesota Twins on Monday.
Tuesday, May 21 2013 9:51 PM EDT2013-05-22 01:51:10 GMT
Just a few days after Mark Carson, 32, was killed for being gay, and only a few hours after a massive rally in the west village calling for an end to the anti-gay violence, it happened again.
Just a few days after Mark Carson, 32, was killed for being gay, and only a few hours after a massive rally in the west village calling for an end to the anti-gay violence, it happened again.
Tuesday, May 21 2013 7:17 PM EDT2013-05-21 23:17:02 GMT
For the first time since the death under mysterious circumstances of hop music mogul Chris Lighty nine months ago, his grieving mother is breaking her silence.
For the first time since the death under mysterious circumstances of hop music mogul Chris Lighty nine months ago, his grieving mother is breaking her silence.
Tuesday, May 21 2013 5:33 PM EDT2013-05-21 21:33:52 GMT
For 35 years, Hubbard Street Dance Chicago has been bringing its brand of contemporary dance to audiences around the world. One of the company's frequent stops is the Joyce Theater in Chelsea where it
For 35 years, Hubbard Street Dance Chicago has been bringing its brand of contemporary dance to audiences around the world. One of the company's frequent stops is the Joyce Theater in Chelsea where it
Tuesday, May 21 2013 5:25 PM EDT2013-05-21 21:25:20 GMT
Gov. Andrew Cuomo and St. Regis Mohawk tribal leaders have signed an agreement to ensure the Mohawks keep their exclusive casino territory in northern New York while paying the state $30 million in gambling
Gov. Andrew Cuomo and St. Regis Mohawk tribal leaders have signed an agreement to ensure the Mohawks keep their exclusive casino territory in northern New York while paying the state $30 million in gambling
Tuesday, May 21 2013 5:21 PM EDT2013-05-21 21:21:42 GMT
Revel is bankrupt no more. The struggling Atlantic City casino formally emerged from bankruptcy court on Tuesday, just 13 months after it opened with sky-high hopes.
Revel is bankrupt no more. The struggling Atlantic City casino formally emerged from bankruptcy court on Tuesday, just 13 months after it opened with sky-high hopes.
