HOUSTON, Texas (KTRK) -- The Houston Livestock Show and Rodeo announced on Wednesday that the organization plans to create a landmark livestock and agricultural complex, set to welcome guests in 2029, according to the official website.

RELATED: Houston leaders look to build on tourism surge after Rodeo, spring break boom "For nearly a century, this organization has existed to support the students, exhibitors, and families who make this event possible," Chris Boleman, president and CEO of the Houston Livestock Show and Rodeo, said.

" This represents the largest investment in Rodeo history and a profound commitment to the future of our event, educational opportunities, and agriculture. It's about honoring the trust families place in us when they bring their animals, their students, and their dreams to this show. We are investing in a facility that reflects the importance of that responsibility." The organization says it will remain at NRG Arena, as it has for the last 65 years.