Atlanta Hawks make pro sports history in deal with Black-owned banks
The Atlanta Hawks found their way into a record book of sorts on Thursday when they agreed to refinance their construction loan on the team’s practice facility with a group of Black-owned banks.
The $35 million loan marks the first time a professional sports franchise has had a significant loan underwritten exclusively by Black banks.
Today’s announcement reflects our commitment to putting our values into action--by choosing to work with Black banks and drawing attention to the need for Black banks to thrive as they work toward addressing the lack of access to capital in Black communities,” said Hawks owner Tony Ressler.....