Soccer Stadium Update

Been a while since we’ve last taken a look at soccer stadium construction around Major League Soccer. It makes sense to start in Houston where the league announced that the new 22,000 seat stadium will host its first Dynamo match on May 12, 2012.  The project is quickly progressing in downtown Houston and is being touted as the first MLS stadium to open in a city’s downtown district.   The proposed stadium will be shared with Texas Southern Football and other local events.  Total cost of the projected stadium is expected to be about $95 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,  Tax Increment Reinvestment Zone (“TIRZ”) money and from some of the stimulus money floating around.  For a peak at the stadium webcam, click here.

More stadium news comes out of San Jose where the process has been excruciatingly slow at times.  The team is moving towards the next step in the approval process. A while back, the team held a ceremonial ground breaking at the start of the demo process.   Although the event included a fair amount of pomp and circumstance, the demolition does not guarantee construction.  Financing and ownership commitment still need to be confirmed before the job moves forward.  A rendering of the proposed stadium is here. Perhaps most interesting, the team is starting to offer 12 unique field level luxury suites to fans.  The offerings are already available and will serve to demonstrate the viability of high end seats at the stadium.  To see the brochure for these seats, click here.

Finally, there remains no stadium news coming out of Revs camp. There have been a number of statements over the years, including during the recent changes in front office positions that the team is aggressively pursuing a soccer stadium  However, there has been no indication from the team that a stadium deal is close.

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3 Responses

  1. While its great that Houston’s stadium is opening in central Houston, let’s be honest….”downtown” Houston is like the suburbs of many real cities.

  2. 2 things…

    1. Toronto’s BMO Field is as downtown as the new Houston Stadium,.

    2. Unless the league and the other “owners” don’t grow some and speak out against Kraft, the Rev’s will remain in a crap stadium in the middle if nowhere. It’s a shame, as a team in Boston could be huge for the league.

  3. Vancouver Whitecap’s BC Place stadium is as downtown as air could get.

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