The College Football Hall of Fame said Thursday it is moving forward after it secured $74 million in total capital sources, including a $22.5 million loan from Regions Bank, BB&T and Fifth Third Bank.
Total project costs are estimated at $66 million.
“It’s a smaller budget, it’s much leaner, much more efficient,” said John Stephenson Jr., the interim CEO of Atlanta Hall Management Inc. “It’s not a drastically different program.”
Plans currently call for a 90,000-square-foot facility, including a football field that will serve as an event space. There will be about 30,000 square feet of exhibit space.
The Hall of Fame also has landed $51.5 million in sponsorships and donations, it said Thursday.
Back in 2009, the National Football Foundation voted to move the College Football Hall of Fame from South Bend, Ind., to downtown Atlanta around Centennial Olympic Park. The goal at the time was to open the attraction in 2012. But a combination of the…
Read more: Atlanta Business Chronicle