One of the largest rhetorical weapons in the arsenal regularly wielded by proponents of repurposing or demolishing the Astrodome  over the last several years has been a brutal financial factoid regularly drawn into arguments over the Houston landmark’s future. How much money in maintenance and debt-service costs have county taxpayers had to spend just to keep the retired sports stadium around and rotting? Why $2.4 million or so each year, claimed news report after news report after editorial after news report. Like the once-record-breaking 642-ft. clear span inside, it was just one of those things people who were paying attention knew.
But that figure isn’t accurate, Harris County’s budget chief now says. And at a meeting called by Judge Ed Emmett this week, Bill Jackson tried to set the record straight: First, he said, the Astrodome is “essentially debt free“; all but 5 percent of outstanding debt payments connected to the facility stem from work done in 2002 and 2003 — after the Dome had been retired from professional sports — to prepare the larger park for the Texans to use it. (The total amount of that remaining debt, according to a Houston Chronicle recalculation earlier this year, is $6 million.) Using the accounting principle of “first in, first out,” this means that all debts attributable to the Dome itself have now been paid for, Jackson said.
How about maintenance and insurance costs, then?
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Now Down to $171K a Year, Give or Take?