{"id":16610,"date":"2025-06-26T15:29:11","date_gmt":"2025-06-26T15:29:11","guid":{"rendered":"https:\/\/www.europesays.com\/us\/16610\/"},"modified":"2025-06-26T15:29:11","modified_gmt":"2025-06-26T15:29:11","slug":"san-antonio-spurs-chair-peter-holt-talks-financial-plans-for-new-arena","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/16610\/","title":{"rendered":"San Antonio Spurs chair Peter Holt talks financial plans for new arena"},"content":{"rendered":"

Spurs Chair Peter Holt shared the latest on the team\u2019s plans and need for a new arena<\/a>, according to a Q&A by Iszler & Smith of the SAN ANTONIO EXPRESS-NEWS. Questions and answers have been edited for clarity and brevity.<\/p>\n

Q<\/b>: The NBA\u2019s two newest arenas were both\u202fprivately financed by the team owners. Why aren\u2019t the Spurs owners looking to do the same?<\/p>\n

Holt<\/b>: Those are two of the biggest markets in the NBA and two of the biggest markets from a financial revenue size in all of sports. We love San Antonio\u202f– we think our region is growing and maturing and developing really fast. But we\u2019re still 26th or 27th out of the 30 teams around market size. There\u2019s a fundamental, significant difference between us and them. Of the 14 bottom-ranked NBA teams as far as market size, every single one of them has public financing<\/a> at an average rate of 70% public financed funds, 30% private.<\/p>\n

Q<\/b>: You\u2019ve said the Spurs will contribute \u201chundreds of millions of dollars\u201d toward the arena\u2019s estimated $1.5B cost. Can you narrow down that figure?<\/p>\n

Holt<\/b>: The issue at hand is that there still needs to be clarity to figure out what funding sources are available and how much. What the rodeo and the county need at the Frost Bank Center is still undetermined, as is the actual cost of the arena. Although there is a range, it\u2019s still too broad of a range to say here is each person\u2019s dedicated funding mechanism.<\/p>\n

Q<\/b>: You\u2019ve said downtown is the best option for a new location versus other locations you explored. Why so?<\/p>\n

Holt<\/b>: The first is accessibility. It\u2019s our urban core, it\u2019s right in the middle of our city. Our city has grown significantly through sprawl. Having a center that is more accessible from a transportation standpoint is a guiding principle. The second one is the velocity that is already happening with our urban core. \u2026 The last piece is just the overall global trends that are happening around place-making and city-building and community-building (SAN ANTONIO EXPRESS-NEWS, 6\/25<\/a>).<\/p>\n

MARVELOUS PLAN<\/b>: Iszler & Smith in a separate piece noted San Antonio City staff, Spurs execs and third-party development firms and consultants have been \u201cpiecing the plan together\u201d for Project Marvel<\/a> behind closed doors and are \u201cjust now inviting residents to weigh in at a series of multi-day events.\u201d The sessions come weeks before the City Council and Bexar County Commissioners Court\u202fcould each call elections\u202fto pay for parts of the massive undertaking. The plan to date<\/a> includes a \u201cnew Spurs arena, an expanded Convention Center, a second Convention Center hotel, a renovated Alamodome\u201d and a reconfigured John H. Wood Jr. federal courthouse surrounded by \u201cnew apartments, restaurants and parks.\u201d A land bridge above Interstate 37 could \u201cconnect the Alamodome to the arena.\u201d The objective of the meetings is to create \u201cguiding principles\u201d based on residents\u2019 opinions to present to Mayor Gina Ortiz Jones and City Council. The city hired Able City, a San Antonio-based architecture, planning and community engagement firm, to help run the workshops (SAN ANTONIO EXPRESS-NEWS, 6\/25<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"Spurs Chair Peter Holt shared the latest on the team\u2019s plans and need for a new arena, according…\n","protected":false},"author":3,"featured_media":16611,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5133],"tags":[5229,1260,7202,7203,1763,358,3187,67,586,132,5230,68,2969],"class_list":{"0":"post-16610","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-san-antonio","8":"tag-america","9":"tag-nba","10":"tag-san-antonio","11":"tag-sanantonio","12":"tag-sustainability","13":"tag-texas","14":"tag-tx","15":"tag-united-states","16":"tag-united-states-of-america","17":"tag-unitedstates","18":"tag-unitedstatesofamerica","19":"tag-us","20":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114750381314757708","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/16610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=16610"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/16610\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/16611"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=16610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=16610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=16610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}