Last week, I noted that State Sen. Kyle Janek had amended HB3694 to qualify the Astrodome hotel redevelopment project for some tax rebates, for the purpose of helping it to get financing, which has proven elusive so far. The amended bill has now passed the Senate and will go back to the House.
The legislation comes just in time for Astrodome Redevelopment Corp., the private entity seeking to transform the dome, which is counting on the future rebates to help it secure financing for the $450 million project.The Harris County Sports & Convention Corp., which manages the county-owned Reliant Park, set a June 1 deadline for Astrodome Redevelopment to prove it has lined up financing.
The state should see to it that the Astrodome is occupied in exchange for some Harris County Toll Roads.
Posted by: Charles Hixon on May 25, 2007 12:58 PM