Houston Texans is currently in a state of linking with the necessary renovations of the NRG stadium, which the team has called home since 2002. The team has hired a new president, Mike Tomon, whose first task included that the team has a stadium home for the foreseeable future.
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And according to what Texas is working on a new lease contract agreement with the stadium, however New evaluation He considered that the stadium is “average or less than average condition compared to its peers.” There was a long list of postponed promotions, which could lead to the team that seeks to move completely.
One of the biggest characteristics of Tomon was “its broad history in the development of the stadium.” This wide history has a great relationship with it being a better executive official for myths, and the places of the overwhelming stadium experience that opened in Los Angeles and Las Vegas.
Through the Tomon group in the stadium development, there can be a gay fork on the way for Texas who need to spend billions to upgrade the NRG stadium or simply move to a new site with a completely new stadium.
According to Report from Houston Cronic“1.4 billion dollars is needed over the course of 30 years on the field, according to the evaluation of the recent – and the excellent features that Texas may want to add to approach the cost of rebuilding, the team can decide the new stadium is the best option.”
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The report also indicates that the sources close to Texas have surpassed the idea of moving completely.
Two sources familiar with Texas’s thinking told The Chronicle that Texas had explored the possibility of a new stadium, although the team did not adhere to this path. The team did not propose a new stadium in rental negotiations, and the final decision will depend on what makes the most financial meaning for Texas. , And Rodeo and Harris County, which possesses the campus and its rental for the organizers The two sources said.
The biggest issue is the $ 1.4 billion needed to get the NRG stadium so far will fall to Houston and Harris Province. It is said that the leaders elected from these provinces still deserve the debts they incurred from building the NRG stadium 25 years ago.
The Harris Histon Sports Authority also pays one billion dollars of bonds that it used to build NRG, Daikin Park and Toyota Center, with the date of payment in 2056. The sports authority will then have enough amount to finance another stadium.
What is also strange about the NRG stadium, is that Texas are not responsible for paying maintenance fees because of a deal that they died when the organization achieved revenues of permanent seats licenses towards building the stadium.
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The boycott is responsible for ensuring the completion of reforms through more taxes. Houston and Harris can find a boycott themselves in the same impasse that Jackson County did with the heads of Kansas City, where taxpayers rejected proposals to renew the Ras Al -Saham stadium.
Texas also does not have the NRG stadium and Instead the property was rented.
Texas, At a value of 6.1 billion dollars estimated According to FORBES, it may also have one of the best rental structures in the American Football Association: it pays nearly $ 4 million annually to boycott the rent, but they often get all of them in tax discounts.
In seven of the past eight years, the Texans team has manufactured more discounts than they paid for rent, according to financial scrutiny data. This means that the government mainly pushed the team to play at NRG stadium in those years. The only exception was 2020. “
It appears that instead of the taxpayer to cover the massive costs in terms of renovations, Texas may choose to spend $ 1.4 billion on a completely new stadium in a completely new location.
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To learn more about Texas, go to Newsweek.
