San Antonio Spurs' Downtown Arena Proposal
The Spurs made a significant advancement in their plan to build a new downtown arena in San Antonio. Voters in Bexar County, Texas, approved a measure allowing officials to allocate up to $311 million in venue taxes for the project, according to
Tim Reynolds of The Associated Press. Despite opposition from some local lawmakers and advocacy groups, just over 52% of voters supported the measure.
Funding and Timeline
The Spurs are willing to invest at least $500 million into the arena. The city is expected to contribute approximately $489 million, bringing the total to around $1.3 billion. The project is still in its early planning stages, with no official timeline for construction. The current lease at Frost Bank Center runs until 2032.
Player Notes and Team Outlook
- Castle: Considered a valuable player for the team.
- Wemby and Harper: Form the core group of the team.
- Vassel: Serves as an effective role player with 3-and-D skills.
- Fox: Could be traded if deemed necessary.
- Atlanta draft pick: May become a key asset.
Author's summary
The Spurs' downtown arena project received voter approval, with substantial funding pledged; key players like Wemby, Harper, and Castle form the nucleus of the young team.