City signs letter of intent for soccer stadium land
That's the headline on Chron.com:
The city took a major step towards acquiring land for a permanent home stadium for the Dynamos, Mayor Bill White said today.
City officials signed letters of intent Monday to purchase parcels of land east of 59, near the downtown central business district. Officials would not identify the exact location, but said that discussions with the Dynamos were proceeding, with the intent of having the team finance construction of the stadium.
The preferred location of Anschutz Entertainment Group, owner of the Dynamo, has been between the George R. Brown Convention Center and Minute Maid Park on the other side of U.S. 59.
"It's not going to be done the way it was done with other stadiums, where the taxpayers picked up the tab," said White said.
The city is also "very close" to signing letters of intent for a regional amateur soccer complex, White said. The 18-field complex would be home to the Dynamos' practice facility and to amateur clubs.
The city is considering two locations just west of 288 in southern Houston. One is immediately north of Sims Bayou and the other is north of Almeda-Genoa Road.
Then who's going to pick up the tab? It's not like the city can print money. It's incredible that Mayor White has not yet been pushed to specify where this financing will come from. Undoubtedly there will be some smooth politician-speak from the mayor when he does disclose the source of tax funds that will be used to pay for the soccer stadium land, and the millions of dollars in infrastructure improvements that will be needed.