The Houston City Council unanimously approved an agreement this morning that is expected to pave the way for a new professional sports stadium for the Houston Dynamo and the Texas Southern University football team.
Although some council members voiced concerns about the finances of the $95 million public/private project, many came to view the deal to be in the city’s best interest.
The next step in the process will be Tuesday at Harris County Commissioners Court when the deal has to be approved by the county.
The first step was the Sports Authority agreeing to be the landlord. For those who are mumbling about spending money on a stadium at a time like this, note that the city spent the money to buy the land for the stadium site two years ago, and that part of the deal with the county is for them to kick in for half of that. In addition, having the Dynamo spend $60 million or so to build the stadium, at a time when the city has been bleeding construction jobs seems like a pretty decent little stimulus project to me. Just something to consider.