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Posts Tagged ‘Harris County-Houston Sports Authority’

Appeals court revives MBIA lawsuit against Sports Authority

Here we go again. A lawsuit against the agency that pays the debt on Houston’s sports stadiums is back on following an appeals court ruling. Last April, a state district court judge ruled that a bond insurer could not sue the Harris County-Houston Sports Authority or the Harris County Sports & Convention Corp., saying they […]

MBIA appeals lawsuit dismissal

Here’s the brief that MBIA has filed with the First District Court of Appeals to overturn the dismissal of their lawsuit against the Harris County-Houston Sports Authority and the Harris County Sports & Convention Corporation. The issues presented for review are pretty straightforward: 1. The Sports Authority was authorized to waive its purported governmental immunity […]

Astrodome-palooza

In case you aren’t completely full of my opining on the Astrodome and its possible fate, I was the author of a op-ed in the Sunday Chron on the subject. It’s kind of the Reader’s Digest version of the things I’ve been saying here, so if you don’t click over you won’t miss anything new […]

Someone attempted to do something about MBIA and the Sports Authority

And others expressed their disapproval about it. What the “it” is, and who it was that was trying to do “it” remain unclear. A surprise legislative maneuver has local government lobbyists scrambling to defend the agency that pays the debt on Houston’s sports stadiums against an alleged takeover attempt by the company that insures its […]

No X Games for Houston

Alas. After more than 10 years in and around downtown Los Angeles, the X Games will leave Southern California for a new destination next year. Chicago, Detroit, Austin, Texas, and Charlotte, N.C. have been announced as finalist cities to earn three-year contracts to host the North American summer stop on the X Games global tour […]

MBIA lawsuit against Sports Authority dismissed

I haven’t seen a story about this in the print edition for whatever the reason. A state district court judge on Tuesday ruled that the Harris County-Houston Sports Authority cannot be sued by the company that insures the $1 billion in debt that the agency services on local sports stadiums. Bond insurer MBIA, with the […]

Feeling good about the Super Bowl bid

The city of Houston has submitted its bid to host Super Bowl LI in 2017, and they feel pretty good about their chances. Houston’s competition will be San Francisco or Miami – the city that fails to get the coveted Super Bowl L. League owners will vote on both Super Bowls on May 22 in […]

The Summer X-Games

Another sporting event that could be coming to Houston. The Harris County-Houston Sports Authority is making a bid for ESPN’s action sports event, an annual competition that began in 1995. “It’s definitely another feather in our cap,” said Janis Schmees, the CEO of Harris County-Houston Sports Authority. “It’s a useful event, it’s a great timing […]

Sports Authority gets sued

MBIA, the company that insures the Harris County-Houston Sports Authority’s bonds, has filed a lawsuit to force the Sports Authority to collect more money to pay its obligations. If MBIA must cover payment shortfalls and cannot reimburse itself from the authority’s reserves, the amount owed to the insurer will accumulate with interest. In such a […]

The Sports Authority’s finances are back in the news

I still have no idea whether this is something we need to worry about or not. The firm that insures the Harris County-Houston Sports Authority’s $1 billion in bonds – sold to finance the homes of the Texans, Rockets and Astros – is calling on the cash-strapped authority to bolster its depleted reserves and warning […]

Will the Astrodome derail our Super Bowl bid?

Heaven forbid. NFL Commissioner Roger Goodell told a crowd on Tuesday that by 2017, Reliant will be 15 years old and therefore in need of some upgrades like digital scoreboards. Texans owner Bob McNair says the city must look at all its venues when wooing the NFL, and on the top of that list is […]

Maybe the fourth time will be the charm

The city of Houston is once again bidding for a Super Bowl. If everything goes according to an ambitious plan devised by city and county leaders, Houston will host its third Super Bowl in 2017. The NFL informed the Texans and the city on Tuesday that Houston will be one of two finalists for Super […]

District E overview

Here’s the Chron overview of the special election in City Council District E to replace CM Mike Sullivan. The establishment guy is David Martin, a member of the Humble Independent School District board. Until he resigned in August, he was one of Mayor Annise Parker’s appointees to the Harris County-Houston Sports Authority. He has the […]

Three for E

There will probably be more when all is said and done, but at this time there are three candidates running for District E this November. The candidates are: Lonnie Allsbrooks – Former owner of Beer Island bar in the Heights. Ran for At-Large Position 1 council seat in 2009. Moved to Kingwood earlier this year. […]

The bid is in for the NCAA Champions game

We are officially bidding on the new Champions Bowl, the 2014 replacement for the BCS Championship Bowl, for Reliant Stadium. We heard about this in July, and it makes sense that Houston was solicited for a bid and that we’d go through with it. Mostly I’m noting this because I was amused by the following […]

Houston to compete for new college football championship game

Sure, why not? The city of Houston and Reliant Stadium plan to make a push to host college football’s new football championship game, the head of the Harris County-Houston Sports Authority said Tuesday night. “We decided we want to aggressively pursue this opportunity for Houston,” said Janis Schmees, the executive director of the Harris County-Houston […]

Sports Authority will not impede Astros move to AL

One of the odd side stories that came out after MLB officially approved the sale of the Astros to Jim Crane was this contention by attorney Kevin W. Yankowsky of Fulbright & Jaworski that the Astros’ lease at Minute Maid Park required them to be in the National League. At the time, Sports Authority Chair […]

MLB approves Astros sale

It’s official. Jim Crane’s $610 million purchase of the Astros from Drayton McLane was unanimously approved by Major League Baseball’s owners this morning. All that remains is a formal closing of the transaction, which likely will take place early next week. At that point, McLane’s 19-year ownership of the club will end. As we know, […]

More on the county going after city sales tax revenue

And on we go. Harris County Commissioners Court on Tuesday will decide whether to seek legislation to capture city of Houston sales taxes generated at county facilities, including Reliant Park. Commissioner Steve Radack floated the idea at the court’s last meeting, spurred by the $353,000 annual bill the county will pay for Reliant under the […]

Time for another “What to do with the Astrodome?” study

It’s been two years since we had one of these. The Astrodome’s next incarnation — planetarium? hotel? heap of dynamited rubble? – will be the subject of yet another study ordered up by Harris County Commissioners Court this week. What to do with the dusty 46-year-old landmark has nagged at county officials even before the […]

Are we really still looking for an NHL team?

Haven’t seen this pop up in awhile. Fans purchased more than 17,000 tickets to watch the Aeros split the first two games of the American Hockey League’s Calder Cup finals against Binghamton at Toyota Center on Friday and Saturday. The minor league team is seemingly thriving here, on and off the ice. But because this […]

Lockout or no, it makes no difference to them

Must be nice for them. An extended NFL lockout and the loss of a season for the Texans actually would result in a small financial gain for the governmental body that manages the Reliant Stadium complex, officials said Thursday. The Harris County Sports & Convention Corp., an arm of the county that oversees the Reliant […]

More Sports Authority woes

The Harris County-Houston Sports Authority is dealing with more financial issues that may require it to dip way into its cash reserves. Lawyers for the authority and MBIA now are disputing whether Swiss bank UBS gave proper notice of its intent to terminate the interest-rate swap agreement that would require the $27 million payment. The […]

Houston bidding for another NBA All Star Game

I wish them good luck with that. Rockets CEO Tad Brown has often said that the Rockets have pursued another All-Star weekend since the 2006 event in Houston ended, but he said Tuesday that he was more confident than ever that the Rockets and the City of Houston would land the game and the events […]

What about Bob?

Chron columnist Jerome Solomon has a question for Houston Texans owner Bob McNair. Texans owner Bob McNair, who won’t talk about the CBA negotiations, should come out strongly against a lockout. Though he has pocketed plenty as an NFL owner, McNair has said on a number of occasions that he didn’t get into this business […]

Spin insurance

Some things just defy parody. If things go really wrong for the Harris County-Houston Sports Authority in the coming year, an insurer now will cover what the public agency spends on spin. This new kind of insurance kicks in, according to a policy summary, when an event “has caused or is reasonably likely to result […]

Eversole indicted

This has been so long in coming I was beginning to wonder if it would ever arrive. Harris County Precinct 4 Commissioner Jerry Eversole pleaded not guilty to federal bribery and income tax charges today. Eversole is charged with accepting a bribe from developer and former Harris County facilities director Mike Surface. Details of the […]

The Sports Authority wants you to know it’s working hard for you

I feel like the Chron should send a bill for its standard advertising rates to the Harris County-Houston Sports Authority for running this op-ed by its chair, J. Kent Friedman. It’s one part victory lap for negotiating the Dynamo Stadium lease and one part “Hey! Look at all this stuff we’re doing!” rah-rah. I like […]

Dynamo Stadium lease deal reached

We didn’t get the World Cup, but soccer fans here had something to celebrate this week. The Dynamo have agreed to pay $76 million to build a professional soccer stadium in downtown Houston and then lease it from the city and county for $65,000 a year. The board of the Harris County-Houston Sports Authority, a […]

Dynamo Stadium on the agenda

The Sports Authority will meet this week to try to hammer out a lease agreement for the Houston Dynamo in their future stadium. The Sports Authority will meet Dec. 2, but it won’t meet again until February, which is partly why the lease topic was placed on the agenda. [Sports Authority Chair Kenny] Friedman said […]

Once again mulling the fate of the Astrodome

Am I the only one who noticed the omission in this story about the current state of the Astrodome? Debt and interest payments will amount to more than $2.4 million this year, according to a payment schedule for the higher debt estimate. The Astrodome’s manager estimates it also will cost $2 million for insurance, maintenance, […]

Council approves Dynamo Stadium deal

Two down, one to go. 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 […]

Sports Authority to become Dynamo Stadium landlord

One of the items on the to-do list after the city and county struck a deal on Dynamo Stadium was for the team to negotiate a lease for the stadium. The Harris County-Houston Sports Authority was proposed as the landlord, and now they have formally agreed to take that role. The city and county asked […]

Here comes the Sports Authority

Ready or not, here they are to ride to the rescue. The Harris County-Houston Sports Authority agreed Monday to talk to city and county officials about its possible involvement in a soccer stadium for the Houston Dynamo. The authority will establish a task force to determine its response to an invitation from the city and […]