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Austin approves PSV’s McKalla Place term sheet

This time there was no last minute new term sheet, no glaring omission from Another Precourt or his hired guns, no setting a new deadline months in the future. A long and protracted discussion of various amendments and land use issues sent the vote on Precourt Sports Venture’s proposed McKalla Place stadium term sheet with Austin far past the Council’s self-appointed 11:30 a.m. CT deadline. But, the Austin City Council was ultimately satisfied with the deal and voted 7-4 to approve the negotiation and execution of a stadium contract with PSV and Major League Soccer.

The vote was supposed to happen during last week’s Austin City Council meeting.