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    Astrodome Shame

    St Louis absolutely shames Houston on the Astrodome with unabashed big money love of its own historic icon

    Ralph Bivins
    Apr 6, 2015 | 11:51 am

    It’s a tale of two cities. Two symbolic structures. Both 50 years old.

    For cities that dream big, 1965 was a very good year.

    Fifty years ago, St. Louis completed its Gateway Arch in October 1965. It’s an internationally recognized city symbol and St. Louis is currently spending $380 million to upgrade the grounds at the base of the arch.

    That same year, Houston opened the Astrodome. It opened 50 years ago this week — April 9, 1965 as the Houston Astros tangled with the New York Yankees in an exhibition game.

    A new study by the Urban Land Institute recommends a $242 million redevelopment for the Astrodome, which has been vacant for years. The Astrodome and the area around it could be greener, more park-like, instead of acres of parking that sit vacant much of the time.

    Two layers of underground parking can be built underneath the Dome, the ULI says. The floor of the Dome could be used for the Offshore Technology Conference or for places to party before and after Houston Texans games.

    The innovative Astrodome, the first air-conditioned covered stadium, was called the Eighth Wonder of the World when it opened, so why not put an innovation museum in the Dome?

    The Astrodome — the most recognizable building in Houston for many folks in other parts of the country — could be a tourist attraction.

    The St. Louis Example

    St. Louis certainly has made a grand tourist attraction out of its Arch. Some 2.4 million people visited the Arch and its grounds last year, says Ryan McClure, communications director for the City Arch River Foundation of St. Louis.

    The 90 acres surrounding the Arch are undergoing a massive redevelopment, funded by public sales tax funds approved in an election, and private donations from corporations, foundations and individuals.

    The Astrodome — the most recognizable building in Houston for many folks in other parts of the country — could be a tourist attraction.

    A key portion of the improvements will be covering over a depressed section of freeway that separates the Gateway Arch from St. Louis’ downtown. With cars passing underneath, a park and pedestrian passageway will lead to the Arch. Dallas did a similar thing a few years ago, covering over a depressed section of the Woodall Rogers Freeway near downtown to create a five-acre park.

    The 630-foot tall Arch, controlled by the National Parks Service, is adjacent to the mud-brown Mississippi River, which is dominated by industrial barge vessels. Improvements are underway on the banks of the riverfront by the Arch.

    Michael Van Valkenburgh Associates, a Brooklyn landscape architecture firm has designed an extensive redevelopment of the 90-acre park around the base of the Arch, with new trees, plantings and pathways.

    The Arch began in 1933 as President Franklin Roosevelt approved the Arch when the nation needed economic stimulus. It was envisioned as a memorial to celebrate the westward expansion of the United States.

    But the Arch has been more than a monument, more than a tourism attraction. “It’s our calling card to the world,” McClure says.

    The Astrodome was not meant as a monument to the past. It is a future-looking building born from the vision of entrepreneurs. Our baseball team was named after our newly anointed 1960s-era space explorers. The Dome’s costumed female ushers were called “Spacettes.”

    Houston was called Space City then and the whole city worshipped the astronauts, who worked at the new NASA Space Center on the southeast side of town. President Kennedy had challenged the nation to put an astronaut on the moon before the end of the decade and Houston was making it happen. The Astrodome was born from that same space-age, can-do spirit that runs in Houston’s veins.

    If St. Louis can raise that much money, why can’t Houston come up with $242 million?

    While St. Louis labored for its Arch, Houston was building its Dome. Both were unprecedented feats of engineering and construction know-how. The builders attempted things that had never been done before and erected remarkable structures.

    St. Louis is stepping to the plate — now spending $380 million to keep its 1965 masterpiece a vital part of the community.

    If St. Louis can raise that much money, why can’t Houston come up with $242 million?

    It’s time for the leadership of Houston to lead. Whether it’s Rich Kinder, Ric Campo, Gerald Hines or some of our elected officials, Houston has great leaders who can mobilize this city. A great task lies ahead. May our leaders step forward now on behalf of the Astrodome’s future.

    The Astrodome can be transformed into something grander than it ever has been. Let’s dream big . . . again.

    Ralph Bivins, editor of Realty News Report, is a past president of the National Association of Real Estate Editors.

    More than two million visitors go to the Gateway Arch annually. Some $380 million is being spent to improve the 90 acres of park at the base of the monument.

    Ralph Bivins Astrodome April 2015 Over 2 million visitors go to the Gateway Arch annually. Some $380 million is being spent to improve the 90 acres of park at the base of the monument.
    Photo by Ralph Bivins
    More than two million visitors go to the Gateway Arch annually. Some $380 million is being spent to improve the 90 acres of park at the base of the monument.
    unspecified
    news/real-estate

    THE AMERICAN DREAM

    How long it takes to save for a home down payment in Houston

    Brandon Watson
    Dec 30, 2025 | 12:30 pm
    Home for sale sold sign
    iStock
    Houstonians don't have to save long to afford a down payment.

    Saving for a down payment remains one of the biggest barriers to homeownership nationwide, but a new report from Realtor.com shows San Antonio area buyers face a far shorter wait than most Americans.

    According to the real estate site’s 2025 analysis, the typical U.S. household needs seven years to save for a standard down payment, a notable improvement from the 12-year peak in 2022. Still, the timeline remains roughly double the pre-pandemic norm, reflecting higher home prices, larger down payments, and lower household savings rates.

    Houston, however, stood out as one of the most accessible major metros in the nation. The Houston-Pasadena-The Woodlands metro boasted one of the shortest time sto save for a down payment among the nation’s 50 largest markets, with households needing just 3.5 years to reach a typical down payment, according to the study.

    The report found that Houston’s median down payment from January through November was $14,927. A median household income of $83,452 was estimated to produce an annual savings of $4,228. Notably, San Antonio, the only other Texas city included in the report, had the shortest time to save for a down payment at just 1.3 years.

    Nationally, the time needed to save has shortened as home price growth cooled and affordability modestly improved. Still, saving for a down payment takes significantly longer than it did before the pandemic.

    “Higher home prices and intensified competition have pushed typical down payments higher, at the same time that inflation and rising household expenses have reduced savings rates,” said Danielle Hale, chief economist at Realtor.com, in a release. “Although conditions have improved since 2022, today’s timeline shows that saving for a home takes meaningfully longer than it did before the pandemic, especially in high-cost markets.”

    Lower savings rates have played a key role. The U.S. personal savings rate has averaged 5.1 percent of income so far in 2025, down from the pre-pandemic norm of 6.5 percent, limiting how quickly households can build funds for upfront housing costs. Meanwhile, the typical down payment has more than doubled over the past six years — rising from about $13,900 in the third quarter of 2019 to $30,400 in the third quarter of 2025.

    In high-cost coastal metros, the impact is far more severe. Saving for a down payment can take 20 to more than 35 years in California cities like San Francisco, San Jose, Los Angeles, and San Diego, effectively sidelining many first-time and moderate-income buyers.

    “In high-cost markets, the typical down payment alone exceeds a full year of household income,” said Hannah Jones, Realtor.com senior economic research analyst. “That reality makes homeownership feel unattainable for many buyers, particularly younger households trying to enter the market for the first time.”

    Despite those challenges, the report notes that roughly three-quarters of Americans still consider homeownership part of the American dream. Realtor.com says easing rents could help first-time buyers save more, while repeat buyers may use accumulated savings to reduce loan balances and manage higher monthly payments.

    “Saving consistently, even in small amounts, is a meaningful first step toward homeownership,” Jones said. “In today’s market, building that financial cushion can make a real difference when buyers are ready to act.”

    home marketeconomydown paymentshome ownershipreal estate
    news/real-estate
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