The Spurs made a significant move Tuesday toward building 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. The Spurs have pledged at least $500 million for the arena construction, with the city expected to contribute about $489 million, as reported by Reynolds.
The total arena cost is projected at $1.3 billion. The plan remains in the early stages, with no timeline yet announced. The Spurs’ lease at their current home, 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."
Overall, the Spurs are positioning themselves with a strong young core while moving forward with plans for a state-of-the-art arena.
Author’s summary: The Spurs secured voter approval for a downtown arena funding measure while building a promising young core led by Castle, Wemby, and Harper as they plan for the future.