Posted by Ars Technic on Monday, November 01, 2018 08:07:06Houston has just signed a deal to put up $7 million worth of new court space on the outskirts of downtown.
The $7.8 million deal will cover more than just court space.
The city will build a new basketball court for the University of Houston, which has been without a permanent court since 2011.
The facility is expected to cost $6.5 million.
The arena, which will be built in the shadow of the iconic Art Carpenters Building, is being built for a price tag of around $1 billion, but is expected in the ballpark of $1.8 billion, according to the Houston Chronicle.
There will also be an 8,000-seat arena for the Houston Rockets basketball team, and a 4,000 seat arena for baseball’s Houston Astros.
The two-year deal will also allow for more parking, according a city statement.
In a statement, the city said it will work with the Houston Texans and its NBA and MLB franchises to ensure that the new arena will be accessible to all residents.
“The construction of this new arena is a significant step in the revitalization of the city,” Houston Mayor Sylvester Turner said.
“This arena will serve as the anchor for the development of the Downtown area and serve as a catalyst for other projects in the area.”
In recent years, Houston has seen an influx of sports teams and entertainment venues.
The Rockets, who are currently in the midst of a rebuilding process, are one of the league’s hottest teams.