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Staff outlines downtown minor-league ballpark plan: 4,500 seats, $160M estimate, relocation support and phased development
Summary
City staff presented the downtown ballpark plan: a proposed $160 million project (team equity plus TIRZ-backed bonds), creation of a San Pedro Creek Development Authority to own the stadium, guarantees for phases 1–2 of mixed-use development, and relocation assistance funds for residents affected by redevelopment. Council urged strong community engagement, local hiring provisions, and clearer ROI and bond analyses.
City staff updated the council on a planned downtown minor-league ballpark and its associated mixed-use development, financing plan and relocation measures during the Jan. 14 B session.
Ben (City staff) summarized the project as a new downtown ballpark with approximately 4,500 fixed seats and total capacity near 7,500. The preliminary estimate presented to the council in prior work was about $160,000,000 inclusive of land and related work; that funding picture included $34,000,000 in team equity plus an anticipated $126,000,000 in bond proceeds supported primarily by incremental property-tax revenues inside the Houston Street Tax Increment Reinvestment Zone (TIRZ). "The estimated cost at that point in time was a $160,000,000 inclusive of land," Ben said. The city created a local government corporation — the San Pedro Creek Development Authority — to own the ballpark and oversee related instruments.
Guarantees, security…
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