Atlanta wins! New Falcons stadium will host Super Bowl

CHARLOTTE, N.C. - It's official! The Super Bowl is returning to Atlanta.

NFL owners selected the new Mercedes-Benz Stadium to host the Super Bowl in 2019.

App users: Click here to watch the YouTube clip

"At the end of the day, our community is built to host these big events," Atlanta Sports Council Executive Director Dan Corso told FOX 5 on Monday, ahead of the announcement. "Atlanta has truly transformed since the last time we hosted a Super Bowl."

Atlanta's new home to the Falcons, which is set to open in 2017, was considered the front runner for Super Bowl LIII, the 53rd Super Bowl.

City officials have remained hopeful that the $1.4 billion Mercedes-Benz Stadium would bring the event back to Georgia since Atlanta hasn't hosted a Super Bowl since 2000. The new stadium was considered a clear favorite because of its retractable-roof.

The official YouTube channel of the stadium posted the video they submitted to the NFL committee. The video includes many notable city icons and was narrated by Ambassador Andrew Young.

App users: Click here to watch the official Super Bowl bid video

Mercedes-Benz Stadium is going up next door to the Georgia Dome, which will be leveled after its replacement opens. The new facility has already helped Atlanta land the 2018 College Football National Championship game as well as the NCAA Final Four in 2020.

Other cities bidding to host include New Orleans, South Florida, Los Angeles and Tampa.

Atlanta hasn't hosted a Super Bowl since 2000, but city officials are hoping the $1.4 billion Mercedes-Benz Stadium will bring the event back to Georgia. The stadium is considered a clear favorite because of its retractable-roof.

The Metro Atlanta Chamber of Commerce suggests that Metro Atlanta will benefit from about $400 million in economic impact by hosting the Super Bowl in 2019, but some economists said big game estimates like that are misleading.

"$400 million is a really big estimate usually," said Tom Smith, a sports economist and finance professor at Emory University. "I say pick whatever estimate and take about a tenth of that so maybe $40 million. You will find a lot will go through the tourist industry, through hotels, restaurants, usually it is very concentrated around the city center," said Smith.

The Chamber of Commerce said the event will benefit airports, hotel/motels and the hospitality industry. Economists said businesses surrounding the new $1.4 billion stadium could see a boost and the city will see money through various events leading up to the big game, but its main purpose is to build brands and encourage business to start investing in the city,

"Everybody thinks there is some sort of magic behind having a big sporting event , it's nice, I am very happy for the city," said Smith. "But it's not nearly as large as most people make it out to be."

Economists add that people who participate with companies like Airbnb and Uber will benefit in sales, but Smith said it is important to think about the impact the Super Bowl has on people who live in Metro Atlanta.

"Unfortunately when a Super Bowl or when a big event comes to town people who live in the city like to bug out," said Smith. "As a result you could actually sort of have a neutral effect where the out of town money is canceled out by everybody in town decides they are going to go to Cancun for the week."

The Metro Atlanta Chamber of Commerce said the Final Four in 2013, brought in about $70 million, adding that other than hosting the Olympics or The World Cup, there is no other event with the potential to drive such a tremendous economic benefit to a region.

App users: Click here to watch reaction from the Atlanta delegation

Atlanta Falcons owner, Arthur M. Blank said Tuesday:

Dan Corso, executive director of the Atlanta Sports Council, said:

Reaction also began to pour in from notable officials in metro Atlanta Tuesday afternoon.

William Pate, the president and CEO of the Atlanta Visitors and Convention Bureau, released this statement:

Atlanta City Council President Ceasar C. Mitchell released this statement:

Atlanta City Councilmember Michael Julian Bond released this statement:

Atlanta City Councilmember Andre Dickens released this statement:

Atlanta City Councilmembers Ivory Lee Young, Jr. released this statement:

Atlanta City Councilmember Carla Smith released this statement:

The Associated Press contributed to this article.