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post #1 of 3 (permalink) Old July 28th, 2009, 17:51 Thread Starter
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Houston Dynamo

Houston Dynamo Stadium Deal Done - Will Begin Construction This Fall

With months of arduous back-and-forth negotiations now completed and financing options falling into place, only minor hurdles remain before construction could begin this fall on the proposed Houston Dynamo downtown stadium.

Oliver Luck, president of the Major League Soccer team, says although he did not expect the deal to drag out this long, he never believed the project would be derailed since serious discussions began with the city 18 months ago.

“Considering the downtown location, the growth of the sport and the changing (racial) demographics in this city, and the fact that the team was going to carry the preponderance of risk — unlike the other big sports stadiums in town that were mostly publicly financed — I really was never dismayed during the whole process,” Luck says. “How long it took is a different story, but now I feel we’re close.”

At least three or more undisclosed banks have submitted term sheets to finance the bulk of the stadium’s construction costs, with separate negotiations on the books to provide financing for the Tax Increment Reinvestment Zone, or TIRZ, the six-block area in which the stadium would be built within a stone’s throw of Minute Maid Park.


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post #2 of 3 (permalink) Old January 29th, 2011, 00:14 Thread Starter
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Houston Dynamo switch to Eastern Conference

Additions of Portland, Vancouver push Texas franchise east

League officials on Friday announced the highly awaited plans for conference realignment with the inclusion of expansion sides Portland and Vancouver, and the Houston Dynamo will make the shift from the Western Conference to the Eastern Conference.

Both conferences will carry nine teams for the 2011 season, and teams will play each other twice as part of the league’s new balanced 34-game schedule.

Houston were realigned because they were the franchise furthest east in the Western Conference, roughly 100 miles east of in-state rivals FC Dallas.

“With the addition of Portland and Vancouver in 2011, MLS wanted to have two conferences of nine teams each,” MLS President Mark Abbott said. ”The most logical solution was for the Houston Dynamo – the easternmost club in the 2010 Western Conference – to move to the Eastern Conference.”


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post #3 of 3 (permalink) Old February 3rd, 2011, 03:17 Thread Starter
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The Houston Dynamo have a deal in place for a new stadium to be built and ready for use in April 2012.

Harris County commissioners unanimously approved an agreement Tuesday for a 20,000-seat stadium in partnership with the Major League Soccer team and the city of Houston. The proposal for the $95 million project had been approved last week by Houston City Council.

As part of the agreement, Texas Southern University will use the stadium for its home football games.

Dynamo get green light to build stadium
Houston to break ground Saturday, hope to finish by April 2012

HOUSTON – Six years after relocating from San Jose, the Houston Dynamo will finally be able to go forward with plans for a soccer-specific stadium.

On Tuesday, the Houston City Council unanimously approved the Tax Increment Revenue Zone (TIRZ), clearing the final hurdle for the Dynamo to begin construction on their new home.

The prospect of building a soccer-specific stadium was a primary reason for the club to relocate to Houston from San Jose in 2005. Six years later, the feeling is certainly one of better-late-than-never.

“Obviously, it’s a huge step. We moved six years ago to come down here and get a stadium,” said Dynamo midfielder Brad Davis. “It’s taken a little while, but I’m finally happy to say it’s here.”

The approval for the project took major steps forward in the past year, with the club receiving approval on the site and TIRZ from the Harris County Commissioner’s Court.

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