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.

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

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.

Houston's NRG Stadium opened in 2002. There are only six NFL stadiums more than 30 years old, and some of those will be replaced soon.

The Houston Texans are considering the possibility of moving on from their current home and building a new stadium, according to a report. The Houston Chronicle published a report Wednesday citing unnamed sources familiar with the situation that said the team is examining options for a new stadium — a scenario which could open doors for attracting major events and place a new burden on taxpayers.

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.