There might not yet be a deal to build a soccer stadium for the two-time MLS Champions, but at least the city of Houston and the Dynamo have decided on a location
The city has agreed to purchase six-blocks of land near downtown that could become home to a Dynamo stadium. However, the two sides still need to workout a great number of details before an actual stadium deal is reached.
Interestingly enough, one issue might be the sale of the team to local owners. One of MLS's big missions is to get every team owned by a local group, however in Houston's case, that might be causing a delay in another one of MLS's big missions, get every team in their own soccer stadium. AEG, the current owners of Houston have said that they are willing to pay for a large majority of the $70-80 million building cost for a home, however the possible local ownership group
is not so interested in paying that much. Since Houston's Mayor Bill White does not want taxpayer money to pay for the stadium itself, there is a problem.
AEG could always build the stadium and lease it to the Dynamo's new owners, however that would deprive the team any chance to make money from non-soccer events at the stadium, so it really is not that much better then their current situation.
So as for now, the team that moved from San Jose two-years ago because they couldn't get a stadium deal still can't seem to get a stadium deal. I can only imagine how the players feel about this.
Labels: AEG, Finance, Houston, Houston Dynamo, MLS, Oscar de la Hoya, Stadium