Mayor Reed Announces $192.5M Philips Arena Redesign

Lisa Hagen / WABE

The home of the Hawks is getting an upgrade. Today Atlanta Mayor Kasim Reed announced the city will contribute $142.5 million to redesign Philips Arena.

The Hawks will pay $50 million.

“We’re so grateful to the team and Steve Koonin, their CEO, for the exemplary way they’ve been handling the Hawks organization, and it’s not too bad that they’re undefeated right now. So I wanted to get this announcement out,” said Reed, cracking himself up. “I did the Falcons when they were almost undefeated too.”