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<p>Mayor Kasim Reed formally announced Tuesday that the city’s facilitation of an agreement between the Atlanta Falcons and Friendship Baptist Church has successfully ended. The church board accepted a $19.5 million offer to sell its property in the event that the south site is selected for the new Atlanta Falcons stadium. No city funds would be used to close this transaction; the Falcons would finance the cost of acquiring the property. (Photo by T.X.T Jahannes). </p>

Mayor Kasim Reed formally announced Tuesday that the city’s facilitation of an agreement between the Atlanta Falcons and Friendship Baptist Church has successfully ended. The church board accepted a $19.5 million offer to sell its property in the event that the south site is selected for the new Atlanta Falcons stadium. No city funds would be used to close this transaction; the Falcons would finance the cost of acquiring the property. (Photo by T.X.T Jahannes).

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The Price Is Right?: City leaders weigh pros, cons of $1 billion stadium project

Atlanta Mayor Kasim Reed stood before what he considers a local press corps that’s adversarial Tuesday at City Hall and diffused the tension in an alcove outside his office with humor.

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Deal Reached to Purchase Friendship Baptist Church

Historic church agrees to sell for $19.5 million

In an impassioned press conference that lasted nearly an hour, Atlanta Mayor Kasim Reed announced that he had successfully negotiated a deal to purchase the Friendship Baptist Church near the Georgia Dome and help pave the way for a new downtown stadium for the Atlanta Falcons.