Houston Close To Stadium Deal

Houston Close To Stadium Deal

  • Posted by Drew Epperley
  • On October 27, 2007
  • 0 Comments

The Houston Dynamo may be about to take on FC Dallas tonight in the series opener in Frisco, but some big news came out of the city about the current champions stadium situation.

The Dynamo and AEG are in the advanced stages of negotiating a public-private partnership with the city of Houston that would facilitate the construction of a 22,000-capacity, open-air facility just east of downtown and priced between $70 million to $80 million.

The agreement also would include the construction of a satellite public soccer complex and training facility likely to be located on the city’s south side.

This deal could be finalized by the end of the season but there are still some hurdles to be reached first. City officials state there is still some work left to be done before any deal will be reached. All signs point to AEG bearing the brunt of the stadium cost, an investment that likely would surpass $60 million with the city coming up with the rest of the cash.

All things are sounding pretty good at this point. Houston definitely needs a stadium of their own and not a college football stadium (though its a pretty decent stadium). Great news for the Dynamo if they can get it done this year. I think its something AEG and the club will definitely push for. I am also curious to see when AEG will sell off the Dynamo, I have a feeling that will come in the next year as well, something to keep an eye out for.

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