The San Antonio Spurs plan to invest over $1 billion for a new downtown arena under Project Marvel, which includes $500 million for the arena and $500 million for adjacent development, potentially totaling $4 billion. Spurs Chairman Peter J. Holt emphasized their commitment to an equitable agreement that benefits the community without raising local taxes, while the team will continue playing at the Frost Bank Center until 2032.
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Spurs Commit $1 Billion To New Arena Project In San Antonio
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