Overview
- Proposition B passed with just over 52% support, authorizing up to $311 million for a $1.3 billion Hemisfair arena, and Proposition A won in the mid‑50s to fund East Side rodeo and facility upgrades.
- The funding plan calls for up to $489 million from the city (not subject to a vote) and $500 million from the Spurs, who also pledged to cover any cost overruns.
- Venue-tax revenues will come from hotel and rental-car charges, with the hotel rate rising from 1.75% to 2% and the 5% car rental tax maintained, and no property tax increase for residents.
- Officials say there is no construction schedule yet as the Spurs begin design work, and the team’s lease at Frost Bank Center runs through 2032 with early‑2030s completion discussed by staff.
- County and city leaders plan to negotiate binding agreements and community benefits and to acquire the UT‑owned Hemisfair site, after a close election marked by heavy Spurs‑backed campaigning and organized opposition.