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Waveland Community Development Allocates $10.5 Million New Market Tax Credits to Houston Dynamo Stadium



HOUSTON, TX - Waveland Community Development is pleased to announce that it has allocated $10.5 million in New Market Tax Credits to the Houston Dynamo Stadium, located in Houston, Texas.   The new Dynamo stadium will be a state-of-the-art, open-air stadium designed to host Dynamo matches as well as additional sporting and concert events.  When it opens in 2012, the 22,000-seat stadium will be the first soccer-specific stadium in Major League Soccer located downtown in a major metropolitan city.   

 

With its downtown location, the new stadium will be part of a true stadium district, which already features Minute Maid Park, the Toyota Center, as well as the George R. Brown Convention Center.  The new Dynamo stadium will create over 1,500 jobs within the city of Houston.  

 

Wells Fargo and TX CDC also participated in this transaction.  




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