There are obvious incentives for the Texans to launch a new era in a new stadium. A new stadium would allow Houston to create and sell pricey, en vogue, suites and clubs near the

The Houston Texans are currently in a bit of a bind with the renovations needed for NRG Stadium, which the team has called home since 2002. The team has hired a new president, Mike Tomon, whose biggest first task is ensuring the team has a home stadium for the foreseeable future.

The Texans have called NRG Stadium home since 2002. The building has been host to the Super Bowl, the College Football National Championship, major concerts and next summer, will be the site of FIFA World Cup matches.

NRG Stadium, the Texans’ home since their inception, was completed in 2002 and cost $352 million. The stadium and surrounding NRG Park need $2 billion worth of repairs, according to a facility condition assessment released in December.

The Harris County-Houston Sports Authority still owes $1B in principal debt on bond money used to build NRG Stadium, Daikin Park and the Toyota Center. The Texans are also paid more in tax rebates than they pay in rent to play at NRG Stadium, so local government could be reluctant to offer more incentives.