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 Wednesday, October 6
McNair paying $700 million for Houston's team
 
Associated Press

 HOUSTON -- Bob McNair never wavered from his dream of bringing an NFL franchise back to his hometown.

McNair was rewarded Wednesday when the league's owners voted to award the 32nd franchise to Houston after repeatedly stalling on his offer to give Los Angeles, the nation's No. 2 media market, more time to put together a viable proposal.

"This is the ultimate tribute to the persistence of Bob McNair to see this happen for this community and bring it together," Harris County Judge Bob Eckels said. "I think that finally tipped the scales in our favor because we had the community and the owner working together."

McNair is paying $700 million for the expansion franchise. He has plans for a $310 million retractable roof stadium to be built on county property adjacent to the Astrodome.

The vote returns an NFL team to Houston, which lost the Oilers to Tennessee after the 1996 season.

"I think without Bob McNair spearheading this and being the quality of person he is, we would not have gotten this far," Houston Sports Authority chairman Billy Burge said. "Despite the competition with Los Angeles, I think the owners saw that they had a quality person that would live up to his obligations that the city could rally around."

While the NFL continued to give Los Angeles more time to come up with a suitable plan, McNair kept sweetening the pot.

In March, he guaranteed sellouts for the first five years of the franchise. McNair said he would devise a system to give to charity any tickets not sold by the blackout deadline. NFL rules dictate that if a game is not sold out 72 hours before kickoff, it cannot be televised within 75 miles.

On the eve of the NFL meetings in Atlanta, McNair offered $700 million.

He thinks he made a good deal.

"This is an opportunity to put Houston back on the map," McNair said. "It is my hometown and I like to see the spotlight on Houston. We've got a great sports market in Houston. It's a big investment, but we're going to have a wonderful stadium and even a Super Bowl."

City and county officials were somewhat surprised by the owners' speedy decision after hearing the recommendations of the league's expansion committee.

"I'm not sure we expected them to take action this quickly, but we're pleased that they did," Eckels said.

Eckels said the next step will be to complete the architectural engineering workup for the stadium and construction plans.

The Oilers played their final game in Houston Dec. 15, 1996, before moving to Tennessee. Fans angered by the Oilers' departure stayed away from the final games, and by season's end only 15,131 showed up for the Astrodome finale, a 21-13 loss to the Cincinnati Bengals.

Now the city is back on the NFL map. The enthusiasm even reached all the way to Dallas, where Cowboys owner Jerry Jones welcomed Houston back.

"My dream is that we could play them every year," Jones said.

Houston sports bars already were gearing up for the return of the NFL.

"Now we can take all these Dallas Cowboys billboards down in Houston," sports bar owner Mike Boze said. "I'm so sick of the Cowboys it makes me want to throw up. I think everybody has been ready for this since Bud Adams left.

"Anybody that would put up $700 million to get a new Houston football team has gotta be a good guy."

McNair founded Cogen Technologies in 1984. As its chief executive officer, he led it to become a huge cogeneration company. Its natural gas-fired plants in New Jersey supply about 13 percent of New York City's electricity.

Cogen Technologies also is the world's largest privately owned cogenerator of electricity and thermal energy. Houston-based Enron Corp., which bought naming rights to Houston's new baseball stadium to open next spring, bought a majority of Cogen's assets earlier this year.

 


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