Friday PM October 8th, 2010
by: Laurie Johnson, October 8, 2010 5:10:00 pm
Houstonians aren't making the grade when it comes to credit scores. A new study released this week by the credit bureau Trans-Union shows 22 percent of Houston residents have a credit score below 600.
That's compared to the national average of 19 percent. Trans-Union considers scores below 600 as an F grade. Houston ranks fifth worst for low-scoring credit among 50 metropolitan cities according to the Trans-Union assessment.
The Houston Dynamo has selected Manhattan Construction Company to build its new stadium in the East End of downtown. The 22-thousand seat stadium will cost 60-million dollars and will break ground before the New Year.
The Dynamo stadium is not the first Texas venture Manhattan has undertaken. The company built Reliant stadium — with the first retractable roof in the NFL. They also built the new Dallas Cowboys stadium in Arlington.
The Dynamo venue is scheduled to open in time for the start of the 2012 season.
A 1.4 million dollar stimulus grant will pay for 17 new Habitat for Humanity houses in Houston.
Habitat will break ground on the first three homes on Monday. The new homes will be built on abandoned or foreclosed properties in the Fifth Ward.
The stimulus money was allocated through the City of Houston and will help 17 low-income families own their own homes. It's part of the neighborhood stabilization project that works to turn blighted or abandoned properties into affordable family housing.
And the Texas Renaissance Festival opens tomorrow in Plantersville. The 'renfest' is in its 36th year and is the largest renaissance themed festival in the country. Event organizers say it attracts 400,000 visitors annually.
The festival is privately run and does not release economic impact figures — but similar festivals in other areas pump between 10 and 15 million dollars into their local economies.