New Dynamo stadium is nearly a done deal
HOUSTON -- It looks like the Houston Dynamo are finally going to get their new stadium.
They cleared the last big hurdle this week by getting funding from a Spanish bank based in Madrid.
The Dynamo is paying about $60 million toward the cost of the $80 million stadium.
The City of Houston and Harris County will pick up the rest of the tab, chipping in $10 million each.
The stadium will be built across Highway 59 from Minute Maid Park where the Houston Astros play.
It will seat 21,000 fans and will have around 35 suites.
The Dynamo say they hope to keep the average ticket price under $20.
Construction will begin in the fall and is expected to take about 18 months.
The Dynamo plan to play their season opener at the new stadium in 2011.
TSU will also play its home football games at the stadium.
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