Atlanta Mayor Kasim Reed says a renovation of Philips Arena, key to keeping the Atlanta Hawks in downtown, could be a $200 million to $300 million project, and the public’s tab could be as high as $150 million.
Reed’s comments in an interview Monday with The Atlanta Journal-Constitution were the first indication of how much public funding might be involved in the rehab plan, which came to light last fall.
The mayor said he expects a deal to renovate the downtown arena by the end of March.