Optimism abounds for Dynamo stadium deal

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The Chron’s Liz Austin Peterson says officials from the city, the county, and the Dynamo are moving closer to a deal:

Houston Mayor Bill White asked the county in July to contribute $10 million to the project by joining the city’s East Downtown Tax Increment Reinvestment Zone, which includes the stadium’s proposed site.

Harris County Commissioners El Franco Lee and Sylvia Garcia tentatively agreed late last month to join the project as long as the city agreed to conditions including restricting the use of county money to building the public amenities and infrastructure serving the stadium, rather than the physical structure itself. That could include water and sewer lines for the stadium, or the parking lots and tree-lined plazas surrounding it.

Other conditions include guarantees that Texas Southern University will be allowed to play home games at the stadium and that 15 percent of the seats never will be sold for more than the average price of a movie ticket. The county also wants Dynamo to be held responsible for all facility upkeep and proposes the team fund such repairs through a monthly fee in addition to the lease.

Dynamo president and general manager Oliver Luck said the team is amenable to working with the county on the conditions that involve its operations.

White spokesman Frank Michel said the city is reasonably optimistic it will be able to reach an agreement with the county.

And then there’s this:

Dynamo co-owner Anschutz Entertainment Group is willing to invest $60 million to build the $85 million stadium, Luck said, with the rest coming from federal tax credits and other sources.

The city’s $20 million land purchase for the stadium doesn’t appear to be included in those numbers.


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