SBD/February 3, 2011/Facilities

Houston City Council Clears Way For Dynamo Stadium Construction

MLS team will invest $60M into the $95M Dynamo Stadium project
The Houston City Council yesterday gave two unanimous votes for the MLS Dynamo that “cleared the last public hurdles needed to build their new stadium on the East End,” according to Jose De Jesus Ortiz of the HOUSTON CHRONICLE. The Dynamo are “free to proceed” with construction, and today the team “will present the latest renderings of the stadium in anticipation of holding a groundbreaking ceremony” on Saturday. The Dynamo are investing $60M of the cost to build the $95M stadium. The Council yesterday approved “what is estimated to be a $3 million rebate for the Dynamo over 30 years on projected sales tax.” The Council also approved the Tax Increment Reinvestment Zone that is “part of the inter-local agreement between the county and city.” The Dynamo will build the stadium and “share it with Texas Southern University’s football team.” Council member James Rodriguez said, “It’s been a long time coming. I think this is a great day for the city” (HOUSTON CHRONICLE, 2/3).
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Facilities, Houston Dynamo, MLS, Soccer

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