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2h ago

Bexar County Voters Narrowly Approve Funding for New Downtown Spurs Arena

The approval advances the arena proposal into design, agreements, oversight.

Proposition A would raise Bexar County’s taxes on hotel rooms and car rentals to provide about $192 million to renovate the Frost Bank Center, Freeman Coliseum and surrounding facilities
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Overview

  • Proposition B passed with about 52% support, authorizing up to $311 million in county venue taxes for a $1.3 billion arena at Hemisfair as part of Project Marvel.
  • The financing framework calls for a city contribution of up to $489 million and a $500 million Spurs commitment with guarantees to cover cost overruns.
  • Voters also passed Proposition A, directing roughly $192–$200 million in venue-tax funds to upgrade the Frost Bank Center and Freeman Coliseum to support year-round rodeo events.
  • Officials have not set a construction timetable; the Spurs’ lease at Frost Bank Center runs through 2032 and the team says it is at the beginning of the design stage.
  • The measures followed a closely contested campaign featuring organized opposition from community groups and a Spurs-backed PAC that spent more than $7 million to promote passage.