On Tuesday, Austin City Council Member Leslie Pool, Alison Alter, Ora Houston and Ellen Troxclair released a proposed set of amendments to the term sheet for a Major League Soccer stadium on the McKalla Place site, negotiated between Precourt Sports Ventures and the Austin City Manager. The proposed new term sheet significantly increases PSV’s financial responsibility at McKalla Place and would require a second vote on the final stadium agreement negotiated between PSV and the City of Austin.
The most notable amendments proposed by the four council members include an increase in the yearly rental fee that PSV plays and the creation of a pseudo-property tax that PSV would pay yearly.