COMMENT OF THE DAY: THE ASTRODOME HONEYPOT PLAN, CHEAPER THAN DEMOLITION “If someone just gave me $50 million, I’d structure a perpetuity yielding no less than a 1.2% return (which shouldn’t be at all difficult when 30-year T-bonds yield a 2.85% return) and maintain the Dome FOREVER. I say this because I recall a Chronicle article citing a cost of $600,000 per year to maintain it in mothballs. That’s just not very much money. Unless there’s a pressing need to spend $140 per square foot to reclaim the land (which would be idiotic given that Astroworld sold its land for $17 PSF and that the Reliant Arena is also on the chopping block and would yield more land), then the only thing that could possibly make sense is to do nothing. Simply wait. Then . . . the first private concern that can pony up the cash to do something appropriate with the venue that will generate hotel and/or sales tax revenue gets to capture the $600k per year for themselves. I suspect that it wouldn’t take particularly long. And then the taxpayers come out AHEAD as compared to demolishing it and the politicians get to take well-deserved credit.” [TheNiche]
A major focus of the report on the future of the Astrodome endorsed this week by the Harris County Sports and Convention Corp. was a proposal to spend an additional $385 million to replace the neighboring 1974-vintage Reliant Arena. (That’s almost $115 million more than the estimated $270.3 million the team of consultants estimated it would take to raise the floor of the Astrodome and turn it into a smaller “multi-purpose” facility.) And of course, county budget officials are quick to shoot down the resulting proposed $523 million tax-supported bond issue for a new county building, even if the name “Astrodome” is attached to it. But a comment from Ed Emmett quoted in today’s Chronicle makes it appear the county judge wants to call the bluff: “‘The way it was trotted out, we’re going to re-purpose the Dome and we’re going to replace the arena with a new building,’ Emmett said. ‘If we’re doing that, 
Notable in the options presented in today’s report from the latest group of consultants to study the future of the Astrodome: lower prices. The cost estimate for demolishing the vacant sports stadium has been marked down to $68 million from the $128 million cited in a 2010 study (possibly in part because the new figure doesn’t include retiring the debt the county still owes on the building). And 






Why is the Looscan Neighborhood Library at 2510 Willowick near Highland Village closing for 4 months of renovations — only 4 years after it was built? Problems with water infiltration. “