The Spurs made notable progress toward establishing a new downtown arena in San Antonio. Voters in Bexar County, Texas, approved a measure to allocate up to $311 million from venue taxes for the project, according to Tim Reynolds of The Associated Press. Despite opposition from some local lawmakers and advocacy groups, approximately 52% of voters supported the measure.
The Spurs have committed to contributing at least $500 million to the arena’s construction, with about $489 million expected from the city. The total proposed budget for the arena is $1.3 billion. The project is in its early phases, and no construction timeline has been announced. The Spurs’ current lease at Frost Bank Center lasts until 2032.
“Castle is a keeper. Wemby and Harper round out that trio of a nucleus. Vassel is a perfect role player with 3 & D skills. Fox can be trade bait if they choose to do so, and the Atlanta draft pick may be the icing on the cake.”
The Spurs secured voter approval to fund a new $1.3 billion downtown arena, while solidifying a promising team core featuring Stephon Castle, Wemby, Harper, and versatile role players.