The Spurs made a key move Tuesday toward constructing a new downtown arena in San Antonio. Voters in Bexar County, Texas, approved a measure allowing up to $311 million in venue taxes to help fund 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 proposal. The Spurs have pledged to invest at least $500 million in the new arena, with approximately $489 million expected from the city. The total plan values the arena at $1.3 billion but is still in early stages with no construction timeline announced.
The Spurs' current lease at Frost Bank Center extends 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: San Antonio Spurs advance plans for a downtown arena backed by voter approval and city funds while shaping a promising team core around Castle, Wemby, and Harper.
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