The complex’s next master plan will be informed by a fresh evaluation that estimates that NRG Park’s facilities require repairs totaling about $2 billion.
The park that hosts the Houston Texans and the Houston Livestock Show and Rodeo needs expensive renovations, according to a facilities condition evaluation provided by the Harris County Sports & Convention Corporation on Wednesday.
According to the study, a capital project with a 30-year timeline is required to address the aging facilities. A new roof is the most expensive repair listed in the assessment, with a price tag of $116 million alone.
However, it’s still unclear who would be responsible for paying for the multibillion-dollar complex’s repairs.
According to a statement from Martye Kendrick, executive director of the sports organization, NRG Park is one of the most valuable public assets in our region. The high volume of activity that NRG Park provides will require improvements that are commensurate with the park’s ability to serve the community.
According to Kendrick, we must strike a balance between our duty to the public as conscientious stewards of this county-owned resource.
For years, county officials have demanded improvements to NRG Park.
According to Ryan Walsh, the former CEO of the Harris County Sports and Convention Corporation, the complex brings in between $60 and 65 million annually from the Houston Livestock Show and Rodeo, Texans home games, and other athletic events, as well as concerts. However, this does not account for all of the overhead and operating expenses.
READ MORE: Harris County officials want to improve NRG Park
According to important NRG Park tenants, the study identifies issues that require immediate and long-term attention.
In a statement, Houston Texans President Greg Grissom stated, “We are still committed to giving our fans the greatest gameday experience possible and to acknowledging the significance of NRG Park and NRG Stadium to our entire community.” We look forward to working with Harris County and HCSCC to find the best ways to deal with these issues in conjunction with the Houston Livestock Show and Rodeo.
Over 100 million people have visited the park since it opened in 2002, and it welcomes over 5.5 million visitors annually.
A multi-year capital enhancement plan is part of the park’s upcoming master plan, which is now being planned. According to the sports business, improvements totaling more than $35 million have already been planned and funded.
The Astrodome and NRG Arena were not analyzed as part of the facility assessment.
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