- Posted by Drew Epperley
- On May 4, 2009
- 0 Comments
- Houston Stadium, Stadium Talk
While one club struggles to get any sort of stadium deal worked out, another is pushing towards getting something in the works very soon in their own town.
According to the Houston Chronicle, the Houston Dynamo are hoping to get their stadium up by the 2011 season. And from the sounds of it the talks are heating up for Oliver Luck and the club.
“May is a make-or-break month,” Luck said. “In the sense that it is important we get into this building by 2011.
“To use a soccer analogy, we’re in extra time now.”
As far as the details goes, as you can see from the image above the stadium could be on of the more impressive ones in the league.
The Dynamo want to have the roughly $85 million, 22,000-seat stadium ready for opening day 2011. They envision an all-round two-level, all-seater venue with 34 suites, 86 concession point-of-sales, a 3,000 square-foot club level and a party deck on the southeast corner.
Plans also call for at least one canopy (west stands) and a stage (permanent or removable) on the south end. The field would be 13 feet below street level. The first seating level would be set on concrete, with aluminum for the upper level.
For it to be ready on schedule, work on the 16- to 18-month project would have to start no later than this fall.
For that to happen, Luck said, the team will need to complete its financing package agreement with the city and have the county, by way of Commissioners Court, vote in favor of contributing $10 million to the project (an amount similar to what the city would contribute) by joining the city’s East Downtown Tax Increment Reinvestment Zone, which includes the site.
“No one wants to commit until all the financing is lined up,” Luck said.
Dynamo ownership is willing to incur 75 percent (approximately $60 million) of the stadium cost, with the rest of the financing coming from the TIRZ ($20 million total) as well as federal tax credits and incentives. Another reason May is key.
Here is to hoping this month goes well for the Dynamo. We all know how important getting this stadium is to the club and the league.