Mayor Kasim Reed says details for a proposed stadium deal should be on the desks of Atlanta City Council members by the end of March. The current version of the deal calls for the city issue $200 million in bonds backed by hotel-motel tax revenue to partly fund a $1 billion stadium. The council would have to approve a funding deal.
With the former Speaker of the House’s entry into the race for the 2012 election, he will be the second Georgian running for the GOP’s nomination. Former businessman and chairman of the Kansas City Federal Reserve Bank, Herman Cain has been in the race since January.