The Spurs took a major step Tuesday toward building a new arena in downtown San Antonio. Voters in Bexar County, Texas, approved a measure allowing officials to allocate up to $311 million in venue taxes to fund the project, according to Tim Reynolds of The Associated Press.
Despite opposition from some local lawmakers and advocacy groups, over 52% of voters supported the proposal. The Spurs have pledged at least $500 million toward construction, with approximately $489 million expected from the city.
The $1.3 billion arena plan remains in early development with no set timeline for construction. The team’s current lease at Frost Bank Center runs through 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."
Author’s summary: The Spurs move forward with a voter-approved plan for a $1.3 billion downtown arena, while maintaining a solid core of players and exploring strategic roster options.