Repurposing of Georgia Dome Site Sample Clauses

Repurposing of Georgia Dome Site. If GWCCA elects to finance a project (office, hotel or otherwise) through a development authority as a result of its exercise of the GWCCA Limited Redevelopment Right (as defined in the Site Coordination Agreement), the GWCCA will give Invest Atlanta the right of first refusal to participate as the bonding authority provided Invest Atlanta's issuing costs are equal to or less than the reasonable cost that GWCCA would pay to another development authority and there are no legal impediments to the GWCCA utilizing Invest Atlanta for the purposes for which the funding is being sought.
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Repurposing of Georgia Dome Site. Subject to Section 8.2(d) below, the Georgia Dome will be available for demolition as set forth in the Construction Schedule, but in no event earlier than the Substantial Completion Date. NSP Costs will include demolition costs and site preparation costs (including environmental remediation if any) for the Georgia Dome (“Dome Demolition Costs”).
Sample 1
Repurposing of Georgia Dome Site. (a) Upon final transition of operations to the NSP, the Georgia Dome will be demolished in accordance with and dependent upon the NSP construction schedule to be agreed upon by the Parties. NSP Costs will include demolition costs and site preparation costs (including environmental remediation if any) for the Georgia Dome (“Dome Demolition Costs”); provided that if the NSP is constructed on the North Side Site (as defined below), (i) the amount of Dome Demolition Costs included in the NSP Costs will not exceed $9,000,000, and the GWCCA will in such event bear any Dome Demolition Costs in excess of such amount and (ii) StadCo will use commercially reasonable efforts not to incur Dome Demolition Costs in excess of $9,000,000. (b) The existing site of the Georgia Dome (the “Georgia Dome Site”) will be converted to surface parking, and the Georgia Dome Site will become part of the NSP Site (although the GWCCA will reserve all subterranean development rights on the Georgia Dome Site); provided, however, StadCo recognizes that the GWCCA may in the future redevelop a portion (not to exceed 60,000 square feet) of the NSP Site surface parking area on the Georgia Dome Site, which area is approximately identified on Exhibit B (the “GWCCA Limited Redevelopment Right”). If the GWCCA exercises the GWCCA Limited Redevelopment Right pursuant to the procedures set forth on Exhibit D, the GWCCA will provide up to 160 replacement surface parking spaces on the Team’s home game days and the MLS Team’s home game days in accordance with the requirements set forth in Section 2.6(a) (based upon the surface parking spaces affected by any such redevelopment). The Georgia Dome Site must be used by StadCo exclusively for surface parking, and any potential redevelopment by StadCo thereon will be subject to the GWCCA’s approval. (c) If the GWCCA exercises the GWCCA Limited Redevelopment Right, the portion of the NSP Site to be used for redevelopment by the GWCCA will revert to the GWCCA and will no longer be included within the land constituting the NSP Site upon commencement of such redevelopment.
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