After a blitz of community input sessions in recent weeks, representatives of the group looking to move a Major League Soccer franchise to Austin have a firm grasp on what they have to do to meet what they admit is an ambitious late-June deadline for getting a basic agreement with City Council to use city-owned property for a new stadium.
The largest negotiating point appears to be how much the city expects to receive in terms of community benefits from PSV in exchange for use of the 24-acre former industrial site located near the Domain.
...“The pieces will be there,” said Dan Barrett, an executive vice president of Creative Artists Agency ICON Strategic Advisory, who is consulting for PSV on the Austin project. “Precourt Sports Ventures have said in these sessions that the group is going to pay for stadium construction 100 percent. That’s usually a significant sticking point between the community and the team, so we’re hopeful we can put together a proposal the city and the community can support.”
...With experience leading stadium and arena projects in San Diego and Sacramento in California and Edmonton in Alberta, Canada, Barrett and fellow CAA ICON Executive Vice President Dan Vaillant said smaller-market expansions and relocations such as Austin typically have a public-private partnership where the public contributes 40 percent of the financing or total resources in a deal...
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