Rays' Ballpark Site Search Still Complicated Braves Will Help Fans With SunTrust Traffic Raiders' Vegas Stadium Financing Remains Complicated Sacramento, Kings To Refinance '97 Arena Loan Facility Notes Proposal Made To Lift Crandon Park Restrictions UNLV Faces Challenges In Sharing Raiders Venue MSG Partners Get Digital Play At NCAA Regionals MLL Bayhawks Want 10,000-Seat Facility Facility Notes
SBD/Issue 33/Facilities & Venues
AEG, City Of Houston Close To Deal For Dynamo Stadium
Published October 26, 2007
AEG is 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” for the MLS Dynamo, according to Bernardo Fallas of the HOUSTON CHRONICLE. The $70-80M facility would be built near downtown Houston. The agreement would also “likely include the construction of a satellite public soccer complex and training facility” about seven miles south of the stadium. Both sides have indicated that a decision is “expected by year’s end.” Houston Mayor Bill White said, “There remains a large number of unresolved issues. However, both parties are optimistic that we can achieve a mutually satisfactory conclusion.” Fallas notes, “All signs point to [AEG] bearing the brunt of the stadium cost, and investment that likely would surpass $60[M],” with the city paying the remaining costs (HOUSTON CHRONICLE, 10/26).