City, PSV Reports Say "Soccer In Austin: Very Good"

Analysis and proposal suggest viable future for team in Austin

A Gensler rendering of a potential stadium for McKalla Place, from the southwest
A Gensler rendering of a potential stadium for McKalla Place, from the southwest

City staff released a report today declaring McKalla Place a “suitable site for a Major League Soccer Stadium.”

The report considered access to the site through a variety of transportation options (including the potential addition of two MetroRapid lines along Burnet, in addition to the already speculated MetroRail stop), roughly $15 million in infrastructure redevelopment costs, and an opportunity cost comparison with a generalized mixed-use development.

But the portion of the report sure to draw the most attention was the economic impact analysis, conducted by development advisory firm Brailsford & Dunlavey. The third-party report found that Austin could stand to gain $384 million in economic activity and $331 million in wages over a 20-year period should the MLS team relocate to the city. Travis County could gain even more, with $474 million in economic activity and $460 million in wages estimated over the same period.

Just hours after the city released its report, Precourt Sports Ventures dropped a 189-page proposal for bringing the Columbus Crew to Austin. Some of the material covered has already been detailed (like how the $200 million stadium would be privately financed by PSV, and how $354 million is expected to be delivered to the city), but some interesting revelations include a partnership with Foundation Communities to invest a total of $4.8 million into affordable housing throughout Austin, over 25 years. An upfront investment of $500,000 would go toward building a development near McKalla Place.

Other noteworthy details: The city will retain ownership of the land and the stadium will be donated to the city upon completion; because the city would own the stadium, it would be exempt from property taxes. PSV would pay an annual rent of $1 for the land, but would be responsible for all utility costs at the stadium site.

But at 189 pages there’s plenty more to dig into in the report. Look for more in Thursday’s issue.

A note to readers: Bold and uncensored, The Austin Chronicle has been Austin’s independent news source for almost 40 years, expressing the community’s political and environmental concerns and supporting its active cultural scene. Now more than ever, we need your support to continue supplying Austin with independent, free press. If real news is important to you, please consider making a donation of $5, $10 or whatever you can afford, to help keep our journalism on stands.

Support the Chronicle  

READ MORE
More Soccer
Council Approves Deal for Soccer at McKalla Place
Council Approves Deal for Soccer at McKalla Place
Members vote 7-4 in favor of Precourt plan

Austin Sanders, Aug. 15, 2018

Council Punts Soccer to Wednesday
Council Punts Soccer to Wednesday
Amendments, curfew delays votes on McKalla Place

Austin Sanders, Aug. 10, 2018

More by Austin Sanders
Council Calls for More Aid as Food and Water Is Still Lacking
Council Calls for More Aid as Food and Water Is Still Lacking
It’s not over yet

Feb. 26, 2021

City Promises a Lighter Touch for Camp Cleanups
City Promises a Lighter Touch for Camp Cleanups
Pressure from advocates leads to new rules – for now

Feb. 26, 2021

KEYWORDS FOR THIS POST

Soccer, Precourt Sports Ventures, Columbus Crew, McKalla Place

MORE IN THE ARCHIVES
NEWSLETTERS
One click gets you all the newsletters listed below

Breaking news, arts coverage, and daily events

Can't keep up with happenings around town? We can help.

Austin's queerest news and events

New recipes and food news delivered Mondays

All questions answered (satisfaction not guaranteed)

Information is power. Support the free press, so we can support Austin.   Support the Chronicle