{"id":98733,"date":"2025-07-28T06:53:34","date_gmt":"2025-07-28T06:53:34","guid":{"rendered":"https:\/\/www.europesays.com\/us\/98733\/"},"modified":"2025-07-28T06:53:34","modified_gmt":"2025-07-28T06:53:34","slug":"san-antonio-city-council-discusses-proposed-spurs-arena-during-special-session-meeting","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/98733\/","title":{"rendered":"San Antonio City Council discusses proposed Spurs arena during special session meeting"},"content":{"rendered":"<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\"><strong>SAN ANTONIO<\/strong> \u2013 (Update: The meeting is over. Please check back for more livestreams on KSAT.com).<\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">After nearly a year of questions, San Antonio City Council received an update on who will pay for a new Spurs arena downtown.<\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">The Spurs have committed to financing part of the roughly $1.5 billion project, a major component of the proposed sports and entertainment district called Project Marvel.<\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">City Council discussed a proposed downtown San Antonio Spurs arena in a special meeting on Friday.<\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">City Manager Erik Walsh presented the funding breakdown for the first time, revealing the city\u2019s potential contribution could range between $350 million and $500 million. However, Walsh emphasized these figures are preliminary and subject to change.<\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">The new Spurs arena would be the linchpin of the proposed sports and entertainment district at Hemisfair. The plan includes:<\/p>\n<ul class=\"dist__Box-sc-1fnzlkn-0 kDvXdO font_openSans articleList\">\n<li class=\"dist__Box-sc-1fnzlkn-0 dist__StackBase-sc-1fnzlkn-7 ecGWWE iQviKm\">\n<p>Expanding the Henry B. Gonz\u00e1lez Convention Center<\/p>\n<\/li>\n<li class=\"dist__Box-sc-1fnzlkn-0 dist__StackBase-sc-1fnzlkn-7 ecGWWE iQviKm\">\n<p>Building a new convention center hotel <\/p>\n<\/li>\n<li class=\"dist__Box-sc-1fnzlkn-0 dist__StackBase-sc-1fnzlkn-7 ecGWWE iQviKm\">\n<p>Renovating the John H. Wood Jr. Federal Courthouse into an events venue<\/p>\n<\/li>\n<li class=\"dist__Box-sc-1fnzlkn-0 dist__StackBase-sc-1fnzlkn-7 ecGWWE iQviKm\">\n<p>Upgrading the Alamodome<\/p>\n<\/li>\n<li class=\"dist__Box-sc-1fnzlkn-0 dist__StackBase-sc-1fnzlkn-7 ecGWWE iQviKm\"\/><\/ul>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">Peter J. Holt, the team\u2019s chairman and managing partner, outlined investment details from the Spurs for the arena and some of the potential surrounding development in a letter to Walsh, Mayor Gina Ortiz Jones and the rest of the council.<\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\"><a href=\"https:\/\/www.ksat.com\/news\/local\/2025\/07\/25\/san-antonio-spurs-outline-proposed-investment-details-for-downtown-arena\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/www.ksat.com\/news\/local\/2025\/07\/25\/san-antonio-spurs-outline-proposed-investment-details-for-downtown-arena\/\"><b>&gt;&gt; READ: San Antonio Spurs commit $1 billion for downtown arena, detail proposed investment<\/b><\/a><\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">Investors and future development partners \u201care willing to invest over $1 billion in this effort,\u201d Holt said in the letter obtained by KSAT Friday morning.<\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">The numbers are the first time hard figures have been laid out for funding connected to the arena from the Spurs.<\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">Friday\u2019s discussion came several months after city council members OK\u2019d <a href=\"https:\/\/www.ksat.com\/news\/local\/2025\/02\/27\/san-antonio-city-manager-erik-walsh-to-spearhead-project-marvel-negotiations-with-bexar-county-spurs\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/www.ksat.com\/news\/local\/2025\/02\/27\/san-antonio-city-manager-erik-walsh-to-spearhead-project-marvel-negotiations-with-bexar-county-spurs\/\">the start of negotiations<\/a> around the district. In April, the city, Spurs and Bexar County signed a memorandum of understanding reflecting shared efforts to <a href=\"https:\/\/www.ksat.com\/news\/local\/2025\/04\/04\/city-of-san-antonio-bexar-county-unite-with-the-spurs-to-sign-mou-for-downtown-sports-and-entertainment-district\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/www.ksat.com\/news\/local\/2025\/04\/04\/city-of-san-antonio-bexar-county-unite-with-the-spurs-to-sign-mou-for-downtown-sports-and-entertainment-district\/\">bring Project Marvel to completion<\/a>.<\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">However, the arena is only a small part of the multi-billion-dollar proposed district, and funding it remains complicated.<\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">One <a href=\"https:\/\/www.ksat.com\/news\/local\/2025\/05\/16\/san-antonio-has-a-way-to-funnel-state-tax-dollars-for-a-new-nba-arena-what-does-it-mean\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/www.ksat.com\/news\/local\/2025\/05\/16\/san-antonio-has-a-way-to-funnel-state-tax-dollars-for-a-new-nba-arena-what-does-it-mean\/\">method<\/a> would be the use of a \u201cProject Finance Zone (PFZ), which city council approved in May.<\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">The PFZ allows the city to collect a portion of hotel-related state tax dollars within three miles of a \u201cconvention center complex\u201d over 30 years.<\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">Another is a $175 million tax proposal for <a href=\"https:\/\/www.ksat.com\/news\/local\/2025\/06\/10\/bexar-county-tax-hike-could-send-about-175m-toward-new-spurs-arena-peter-j-holt-says-public-funding-has-to-happen\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/www.ksat.com\/news\/local\/2025\/06\/10\/bexar-county-tax-hike-could-send-about-175m-toward-new-spurs-arena-peter-j-holt-says-public-funding-has-to-happen\/\">Bexar County voters<\/a> to consider in November. Other funding models under consideration include arena lease revenue and ground leases for nearby property development. <\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">The new city council includes some members who expressed concern during the recent election about how the city would proceed with its involvement in Project Marvel.<\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\"><a href=\"https:\/\/www.ksat.com\/news\/local\/2025\/06\/07\/what-we-know-about-project-marvel-the-plan-for-a-new-spurs-arena-and-entertainment-district-in-downtown-san-antonio\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/www.ksat.com\/news\/local\/2025\/06\/07\/what-we-know-about-project-marvel-the-plan-for-a-new-spurs-arena-and-entertainment-district-in-downtown-san-antonio\/\"><b>What we know about Project Marvel, the plan for a new Spurs arena and entertainment district in downtown San Antonio<\/b><\/a><\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">During a series of two-day community planning workshops held in each of the 10 city council districts, East Side residents expressed apprehension about the project\u2019s goals.<\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">Some residents pondered Project Marvel\u2019s necessity, citing concerns such as the <a href=\"https:\/\/www.ksat.com\/news\/local\/2025\/06\/26\/frost-bank-center-lack-of-development-hang-over-project-marvel-talks\/\" target=\"_blank\" rel=\"noopener\">failed growth materialization around the Spurs\u2019 current home<\/a> on the East Side, the Frost Bank Center.<\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">Holt, in the letter, said the organization would be committed to \u201cmaking the case\u201d to the community for the project\u2019s viability. <\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">Ortiz Jones, during an interview with KSAT on Thursday, referring to some of the figures, said the numbers need to make sense for the community.<\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\">\u201cFolks are asking, \u2018Can we get some of that concession money? Can we get some of that parking?\u2019 I think in folks\u2019 minds it\u2019s not just how we pay for it, but again, how does the community benefit,\u201d she said.<\/p>\n<p class=\"dist__Box-sc-1fnzlkn-0 dist__TextBase-sc-1fnzlkn-3 bYFsJw cuqaEv article-text\"><b>Read more:<\/b><\/p>\n<p>Copyright 2025 by KSAT &#8211; All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"SAN ANTONIO \u2013 (Update: The meeting is over. Please check back for more livestreams on KSAT.com). After nearly&hellip;\n","protected":false},"author":3,"featured_media":98734,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5133],"tags":[27378,5229,13239,7236,25970,13123,7202,7203,7199,358,3187,67,586,132,5230,68,2969],"class_list":{"0":"post-98733","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-san-antonio","8":"tag-alamodome","9":"tag-america","10":"tag-city-hall","11":"tag-downtown","12":"tag-hemisfair","13":"tag-project-marvel","14":"tag-san-antonio","15":"tag-sanantonio","16":"tag-spurs","17":"tag-texas","18":"tag-tx","19":"tag-united-states","20":"tag-united-states-of-america","21":"tag-unitedstates","22":"tag-unitedstatesofamerica","23":"tag-us","24":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114929546300380086","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/98733","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=98733"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/98733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/98734"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=98733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=98733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=98733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}