Dynamo set to sign letter of intent to build stadium in Houston

What a busy day for the Houston Dynamo and the stadium discussion. First came word around noon that the Dynamo and the City of Sugar Land had suspended talks concerning a new stadium. That caused a number of people to figure that some other major news was set to come.

Sure enough at around 9pm, the Dynamo president Oliver Luck said that the club will signed a letter of intent to enter into stadium talks with the city. This letter does not guarantee that a deal will be reached, however, it is huge step forward to making it happen. The two sides will have till at least mid-July to reach a final deal.

"It doesn't mean a deal has been reached," Luck said. "It just means that within certain parameters we've agreed to sit with city and try to hammer out a deal.

"I think both sides have the desire to do this, but we still have to sit down and try to hammer out a deal."

The proposed stadium will be around 21,000 seats and situated East of the current Houston Astro baseball stadium.

Great news for the team and the City of Houston. Let's hope they can work something out that will allow the team to develop a permanent home without costing the city millions.