The San Antonio City Council denied a motion to reopen public funding for the Spurs’ new $1.3 billion arena, allowing the project to proceed with $489 million funded through municipal bonds, following a previous county voter approval of $311 million from tourism taxes. Spurs CEO RC Buford emphasized the importance of this decision for the city’s future, as construction is set to begin in 2029, aiming for the arena’s opening by the 2032-33 season. The project is part of the broader Project Marvel revitalization effort.
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Spurs’ Arena Public Funding Approved by City Council
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