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3d ago

San Antonio Mayor Seeks Delay as Council Sets Vote on Spurs Arena Term Sheet

The draft sets a $1.3 billion price tag, hinging on county hotel‑tax approval.

A Spurs arena would be the centerpiece of the city’s proposed sports and entertainment district, which would include reconfiguring the round John H. Wood Jr. Federal Courthouse on the left as an event venue.
An arena for the San Antonio Spurs could be built at the former Institute of Texan Cultures property, shown here in the foreground, at Hemisfair. 
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Overview

  • On Thursday, the City Council will consider dueling resolutions to either authorize negotiations on the non-binding framework or pause for more review.
  • Mayor Gina Ortiz Jones is asking for an independent economic analysis and for each council district to hold two town halls before any vote.
  • At least six council members have indicated they favor approving the term sheet now, suggesting enough support to proceed.
  • Spurs Sports & Entertainment details include a minimum $500 million arena contribution, full coverage of any overruns, $1.4 billion in private development guarantees, and a $75 million community benefits pledge for a stated $2.1 billion total commitment.
  • Public funding would include a city share capped at the lesser of 38% or $489 million plus site acquisition costs, and up to $311 million from a Bexar County venue tax increase subject to Nov. 4 voter approval, with lease, non-relocation and community benefits agreements to be finalized later.