Last December, the Falcons secured permission to exceed the league limit for debt, obtaining the ability to borrow up to $850 million for its new stadium. It was unclear at the time whether the Falcons would reach that limit.

They now have.

Via D. Orlando Lebetter of the Atlanta Journal Constitution, Falcons executive vice president and chief financial officer Greg Beadles told a state agency on Tuesday that the Falcons will borrow the full $850 million to pay for the new stadium.

The debt has increased as the cost of the venue that looks like a futuristic change purse has grown from $1 billion to $1.2 bill to $1.4 billion to, most recently, $1.5 billion. Which means that the stadium in which the team will play likely will cost more than the team that will play there is worth.