Back in August, Commissioners' Court approved a plan by the Astrodome Redevelopment folks to secure financing for their much-touted Dome Hotel. They were supposed to have that in hand by March of this year. Well, as Tom and Houstonist have noted, that ain't happened yet.
Scott Hanson, president with Astrodome Redevelopment, found a New York bank interested in backing the mammoth development. County officials were not satisfied with the commitment as presented.[. . .]
Says Hanson: "It's happening. It's just a timing issue. Sometimes the wheels don't turn as fast as we'd like them to."
[. . .]
The developer wants to enter into a definitive agreement with the county this year on the project, and hopes to begin construction by early 2008.
"I think that's probably aggressive," says Mike Surface, chairman of the Sports & Convention Corp.
"These projects wind up taking a lot more time than you anticipate," he adds. "There are still a lot of approvals that have to take place."
[. . .]
"We've come a long way ... but there is a long way between now and getting a deal inked," Surface says. "For people to start booking their rooms today is a bit premature."
The death papers were signed when the "icon preservationists" voted for Eckels new stadia.
Posted by: Charles Hixon on March 30, 2007 12:44 PMu c the Chronic writeup about this 2day? i cant url this on my cell fone but imo no truer response from the lenders since the Potsdam Declaration: the lenders
Posted by: Charles Hixon on March 31, 2007 11:57 PM