Soccer Stadium & Expansion Update

With Red Bull Arena (rightly) garnering all of the attention lately, some of the other stadium projects around the league are also moving forward.  In anticipation of the upcoming season, we thought it worthwhile to take a look at some of the other arenas coming through the pipeline.  Before we get there, we recommend checking this story about a possible Montreal expansion announcement on the near horizon.

The big stadium news of the day was a report that efforts to construct a stadium in Houston are moving forward thanks to a recent agreement between the City of Houston and Harris County to construct $20 million in infrastructure improvements.  The team will foot the bill for the additional cost of stadium construction.  Total cost of the projected 21k seat stadium is expected to be about $80 million with the Dynamo ownership (primarily AEG and Golden Boy Promotions) funding about $60 million.  The rest of the funds could come from tax credits,  the TIRZ money and from some of the stiumulus money floating around.  The TIRZ program will also provide the property for the stadium.   Another round of voting is required to move the project forward.

In San Jose it was announced last week that the city counsel has approved the re-zoning of 90+ acres near the airport to allow stadium construction to begin.  Referring to the plan as a “soccer stimulus package” a varied group supported the proposal before the board. The stadium is planned near the San Jose Airport and will reportedly required two years to construct from the date of the ground breaking.  The funding for the planned stadium has always been a bit fuzzy.  The city of San Jose had previously agreed to chop $40 million off the purchase price of a 75 acre parcel that will include the Stadium and additional mixed use development. We reported a while back that based on a request by owner Lew Wolff, Mr. Wolff will now pay $89 million for the site (purchased by the City for $81 million). The stadium will seat 15,000 (with additional seating for 3,000 more on a berm at the stadium’s open end) and will use 14 acres of the site.

Finally, in Philly stadium construction continues with PPL Park set to open in the Summer.  For construction images, click here.  Over the next few days, we will provide stadium updates from Kansas City, Portland and Vancouver

Advertisements

2 Responses

  1. And the New England Revolution sit idly by and watch. Ridiculous.

  2. […] Soccer Stadium & Expansion Update « Footiebusiness […]

Comments are closed.