Chron: City to contribute another $3 million to soccer stadium
Further details have emerged on how much more taxpayer support will be going towards the soccer stadium that isn't going to cost taxpayers anything:
The city is poised to strike a 30-year deal giving back $3 million in projected sales tax to the Houston Dynamo as they prepare to construct their $60 million stadium.
City officials say the tax rebate always has been a part of the deal that kept the team from leaving Houston, one that will make the city and county owners of a new sports stadium for which they did not have to pay (Bradley Olson, "Dynamo stadium deal packs $3 million kick," Houston Chronicle)
The story's amusing data point comes from Councilmember Mike Sullivan, who is shocked (!) to learn of these details even though city officials now say they were part of the deal the whole time.
Posted by Kevin Whited @ 02/01/11 10:50 PM | Print |
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