Year

Fiscal Year

City of Atlanta and Atlanta Falcons New Stadium Project

Analysis of Accounts for Ongoing Stadium Operating and Maintenance
Based upon Summary Of Proposed Terms Of Certain Project Documents
March 10, 2013

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042

3/10/2013
5:05 PM

LRMRA (Maintenance NSP Renewal and

Reserve Account)
Extension Account
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

3,000,000.00
3,060,000.00
3,121,200.00
3,183,624.00
3,247,296.48
3,312,242.41
3,378,487.26
3,446,057.00
3,514,978.14
3,585,277.71
3,656,983.26
3,730,122.93
3,804,725.38
3,880,819.89
3,958,436.29
4,037,605.01
4,118,357.12
4,200,724.26
4,284,738.74
4,370,433.52
4,457,842.19
4,546,999.03
4,637,939.01
4,730,697.79
4,825,311.75
4,921,817.98
5,020,254.34
5,120,659.43

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

1,000,000.00
1,020,000.00
1,040,400.00
1,061,208.00
1,082,432.16
1,104,080.80
1,126,162.42
1,148,685.67
1,171,659.38
1,195,092.57
1,218,994.42
1,243,374.31
1,268,241.79
1,293,606.63
1,319,478.76
1,345,868.34
1,372,785.71
1,400,241.42
1,428,246.25
1,456,811.17
1,485,947.40
1,515,666.34
1,545,979.67
1,576,899.26
1,608,437.25
1,640,605.99
1,673,418.11
1,706,886.48

Other Events Staging

Expense
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

3,500,000.00
3,570,000.00
3,641,400.00
3,714,228.00
3,788,512.56
3,864,282.81
3,941,568.47
4,020,399.84
4,100,807.83
4,182,823.99
4,266,480.47
4,351,810.08
4,438,846.28
4,527,623.21
4,618,175.67
4,710,539.18
4,804,749.97
4,900,844.97
4,998,861.87
5,098,839.10
5,200,815.89
5,304,832.20
5,410,928.85
5,519,147.42
5,629,530.37
5,742,120.98
5,856,963.40
5,974,102.67

Falcons Annual
License Payment

O&M Account
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

8,000,000.00
-

Page 1 of 2

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

(2,500,000.00)
(2,550,000.00)
(2,601,000.00)
(2,653,020.00)
(2,706,080.40)
(2,760,202.01)
(2,815,406.05)
(2,871,714.17)
(2,929,148.45)
(2,987,731.42)
(3,047,486.05)
(3,108,435.77)
(3,170,604.49)
(3,234,016.58)
(3,298,696.91)
(3,364,670.85)
(3,431,964.26)
(3,500,603.55)
(3,570,615.62)
(3,642,027.93)
(3,714,868.49)
(3,789,165.86)
(3,864,949.18)
(3,942,248.16)
(4,021,093.12)
(4,101,514.99)
(4,183,545.29)
(4,267,216.19)

Total
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

5,000,000.00
5,100,000.00
5,202,000.00
5,306,040.00
5,412,160.80
5,520,404.02
5,630,812.10
5,743,428.34
5,858,296.91
5,975,462.84
6,094,972.10
6,216,871.54
6,341,208.97
6,468,033.15
6,597,393.82
6,729,341.69
14,863,928.53
7,001,207.10
7,141,231.24
7,284,055.86
7,429,736.98
7,578,331.72
7,729,898.35
7,884,496.32
8,042,186.25
8,203,029.97
8,367,090.57
8,534,432.38

Present Value at 5.25%

Discounting
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

4,750,593.82
4,603,900.90
4,461,737.69
4,323,964.32
4,190,445.23
4,061,049.06
3,935,648.50
3,814,120.16
3,696,344.48
3,582,205.57
3,471,591.15
3,364,392.37
3,260,503.77
3,159,823.13
3,062,251.40
2,967,692.56
6,228,132.33
2,787,244.35
2,701,177.42
2,617,768.14
2,536,934.44
2,458,596.80
2,382,678.13
2,309,103.75
2,237,801.26
2,168,700.51
2,101,733.51
2,036,834.37
Atlanta NSP Financing Through FY 2050
O&M Accounts Funded by HM taxes

Year

Fiscal Year

City of Atlanta and Atlanta Falcons New Stadium Project

Analysis of Accounts for Ongoing Stadium Operating and Maintenance
Based upon Summary Of Proposed Terms Of Certain Project Documents
March 10, 2013

29
30
31
32
33
34
35
36
37

2043
2044
2045
2046
2047
2048
2049
2050
2051

LRMRA (Maintenance NSP Renewal and

Reserve Account)
Extension Account
$
$
$
$
$
$
$
$
$
$

5,223,072.62
5,327,534.07
5,434,084.75
5,542,766.45
5,653,621.78
5,766,694.21
5,882,028.10
5,999,668.66
3,059,831.02
159,042,932.57

$ 1,741,024.21
$ 1,775,844.69
$ 1,811,361.58
$ 1,847,588.82
$ 1,884,540.59
$ 1,922,231.40
$ 1,960,676.03
$ 1,999,889.55
$ 1,019,943.67
$ 53,014,310.86

Other Events Staging

Expense
$
$
$
$
$
$
$
$
$
$

6,093,584.72
6,215,456.42
6,339,765.54
6,466,560.86
6,595,892.07
6,727,809.91
6,862,366.11
6,999,613.43
3,569,802.85
185,550,088.00

Falcons Annual
License Payment

O&M Account
$
$
$
$
$
$
$
$
$
$

8,000,000.00

$
$
$
$
$
$
$
$
$
$

(4,352,560.52)
(4,439,611.73)
(4,528,403.96)
(4,618,972.04)
(4,711,351.48)
(4,805,578.51)
(4,901,690.08)
(4,999,723.88)
(2,549,859.18)
(132,535,777.14)

Total
$
$
$
$
$
$
$
$
$
$

8,705,121.03
8,879,223.45
9,056,807.92
9,237,944.08
9,422,702.96
9,611,157.02
9,803,380.16
9,999,447.76
5,099,718.36
273,071,554.29

Present Value at 5.25%

Discounting
$
$
$
$
$
$
$
$
$
$

1,973,939.25
1,912,986.26
1,853,915.42
1,796,668.63
1,741,189.55
1,687,423.60
1,635,317.88
1,584,821.13
767,941.83
108,227,172.70

Source: FALCONS NEW STADIUM PROJECT SUMMARY OF PROPOSED TERMS OF CERTAIN PROJECT DOCUMENTS
Hotel Motel tax effective through 12/31/2050, meaning 6 months of calendar year 2051 is in FY 2051.
LRMRA account increased to $3 million from $2 million in the GWCCA term sheet
NSP Renewal account decreased from $10 million to $1 million in the GWCCA
Other Evants Staging is a new $3.5 million account
Falcons license included as it is operating revenue for GWCCA from the Falcons

3/10/2013
5:05 PM

Page 2 of 2

Atlanta NSP Financing Through FY 2050

O&M Accounts Funded by HM taxes