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Harris County will pay off $26 million loan for land used by Houston Texans
09:15 PM CDT on Tuesday, September 26, 2006
Harris County will help pay off a $26 million loan for land the Houston Texans use.
It’s the property that houses the Texans practice bubble and a parking lot.
Tuesday, Harris County Comissioners Court approved the loan 4 to 1.
Sylvia Garcia was the lone dissenter.
The Harris County Convention and Sports Corporation is unable to pay.
Now the county will step in, using money from the Harris County Toll Road Authority.
The loan has a 5.5 percent interest rate.
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