Unclear what this means.
The Houston Livestock Show and Rodeo is acquiring half of the old Six Flags AstroWorld property for $42.8 million.
The organization’s board of directors on Thursday authorized show officials to acquire 48 acres of the former amusement park site to diversify its investments, the nonprofit announced in a news release on its website.
The land, which is near Reliant Park, is used for tailgating at Texans games, and for several years the rodeo has had an agreement to use the property for patron parking.
“This actually is a piece of land that’s next door,” RodeoHouston chief operating officer Leroy Shafer said. “Immediately, we know we can park there. … We can do some improvements to the parking that will help us more with the inclement weather.”
The rodeo’s acquisition abuts Chuck Davis Chevrolet and generally runs north to south from Loop 610 to West Bellfort. It includes a pedestrian bridge that crosses over the loop to the Reliant Park parking lot.
Here’s the HLSR press release. The story notes that this land last changed hands in 2010. In 2007, the owners at that time sought the creation of a municipal management district to help pay for infrastructure, which included the possibility of extending the Main Street rail line into the property. What all this means for any future development on this site is unknown, but I for one hope it doesn’t mean 48 more acres of parking lot. Surely there’s a better use available than that. Swamplot has more.