- Posted by Drew Epperley
- On March 24, 2009
- 4 Comments
- Houston Stadium, Stadium Talk
Loads of goodies coming out of Houston tonight. The Dynamo are closing in on that all important stadium deal that they have been working towards for months now.
KHOU is reporting the club is getting a little help from a Spanish bank too.
They cleared the last big hurdle this week by getting funding from a Spanish bank based in Madrid.
“We’re delighted the BBCA Compass Bank has stepped up to the plate and given us and the city and the county a term sheet that we think makes sense,” said Dynamo President Oliver Luck. “It’s a big step for us. We’re very happy we’re one major step closer to getting the stadium deal finalized.”
The Dynamo is paying about $60 million toward the cost of the $80 million stadium.
The City of Houston and Harris County will pick up the rest of the tab, chipping in $10 million each.
The stadium will be built across Highway 59 from Minute Maid Park where the Houston Astros play.
Apparently this stadium won’t be overly big either. Just another 21,000 seater, which is good for the league right now. No need to build a stadium that would be half empty (though I think the Dynamo supporters can fill a 30,000 seat place more than most clubs can).
Best of all the club hopes to keep the average ticket price under $20.