Atlanta Looking to remodel Philips Arena for Hawks

Gabe Thomas

The Falcons are currently building a new stadium in downtown Atlanta, while the Braves new stadium is being built in the Atlanta suburb of Marietta. The Hawks could be joining the teams with something similar soon.

The Atlanta Journal Constitution is reporting that Atlanta mayor Kasim Reed informed real estate professionals at the Atlanta State of the Market Conference that his administration is putting together a plan to significantly overhaul Phillips Arena, the current home of the Hawks. The renovating of the arena is valued around $200 million and could be funded from public and private sources.

The renovations would be part of an effort to keep the Hawks in downtown Atlanta. The Hawks new ownership group has said recently it could not rule out moving the team to another location in metro Atlanta. That would make the Hawks the second professional sports franchise to leave the Atlanta city limits.

The Braves announced in 2013 that 2016 would be the last season for the team in downtown Atlanta and would move into a new stadium in Marietta at the start of the 2017 season.

Reed said many details are still being worked out and that formal plans could be announced as early as the first quarter of next year.