Dynamo President Oliver Luck throws a little cold water on the claims that a Westpark Stadium could be built exclusively with private funding.
“We have not been presented a plan by the Midway Companies,” Luck said. “I can’t say whether there’s ‘no public money’ involved.
“We (the Dynamo) won’t talk to the city or county about this deal — we have pushed that responsibility to Midway. We know what our conditions are, and basically, it’s replicating the financial structure of the downtown deal. That’s sort of a threshhold question. If they can do that, we’ll go ahead. If they can’t, it won’t happen.”
Midway recently completed a major mixed-use development in the Memorial area, City Centre, where there is a TIRZ — a tax increment reinvestment zone — in place with the city of Houston, that reinvests some property taxes into infrastructure improvements to help spur development.
Sources familiar with the Midway proposal say it is relying on extending a similar TIRZ in the Uptown/Galleria area, which ends at Highway 59, to encompass the Midway property south of Westpark.
That was news to John Breeding, who serves as executive director of both the Uptown TIRZ and Uptown Development Authority, who said neither agency is involved and is waiting to hear more.
Which comes around, again, to Oliver Luck, who knows a thing or two about stadiums from his four years as CEO of the Harris County-Houston Sports Authority. “There’s always infrastructure involved, public services that need to be provided,” he said. “There’s no such thing as a project like this without public money.”
Well, yeah. As I’ve said all along, it’s a matter of how much money the city and maybe the county would have to invest to make this happen, and whether or not that would wind up being less than what the East End stadium would require. Until there’s a real proposal on the table, we can’t make that evaluation. In the meantime, claims about “private financing” just distort the picture.
It should also be noted that the East End stadium deal is much farther along, and really just needs buy in from County Commissioners El Franco Lee and Sylvia Garcia. That deal could be completed quickly if they signed off on it. Residents in the area, who are facing the prospect that the city might view the location as suitable for a new jail facility if the stadium deal falls through, are pushing for it to get done. There’s no organized opposition to the East End proposal, while the Westpark concept would have to overcome pushback from Bellaire Mayor Cindy Siegel and possibly others. The bottom line is that if any stadium deal happens, the East End is still the heavy favorite to be the choice. David Ortez has more.
Finally, on a related note, freshman Bellaire City Council Member Corbett Parker, who has expressed support for the Westpark location and who is a friend of Oliver Luck, explains his relationship with Luck and the Dynamo.