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From the Hawks:

“The Atlanta Hawks Basketball Club and the City of Atlanta today announced that they have reached an agreement on key terms for a $192.5 million renovation of Philips Arena. Mayor Kasim Reed committed to provide $142.5 million in funds, with the Hawks funding the remainder, to improve the city-owned facility in order to revitalize the arena as a basketball-first, world-class venue that hosts approximately 170 events annually. The Hawks committed to an 18-year lease extension to remain in downtown Atlanta through 2046.“When our group became owners almost a year and a half ago, we pledged to work diligently with the City of Atlanta to ensure that the Club remained downtown. We knew that a key part of producing a winning team, providing a superior fan experience and being a civic asset to the City of Atlanta required a renovation of our arena and a meaningful improvement to the downtown area of this city. Today’s announcement with the Mayor is a significant step toward this goal, and we look forward to this exciting transformation that will ensure that we provide the best fan experience possible now and for the next 30 years,” said Tony Ressler, Atlanta Hawks Principal Owner and Chairman. “We appreciate the efforts of the Mayor, his team and the rest of the City government in working with team executives in accomplishing this positive feat for our team and our city.”

Legion’s Look: Looks great.

 

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