The San Antonio Spurs made a key move toward a new downtown arena. Voters in Bexar County, Texas, approved a measure allowing up to $311 million in venue taxes to support the project, according to Tim Reynolds of The Associated Press.
Although some local lawmakers and advocacy groups opposed the plan, just over 52% of voters gave their approval. The Spurs have pledged at least $500 million for construction, with an additional $489 million expected from the city, as reported by Reynolds. The arena plan is estimated at $1.3 billion but remains in early stages with no set timeline for construction.
The Spurs' 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 are progressing with a $1.3 billion downtown arena plan and have promising young talent shaping their future core, balancing development with strategic trade options.