The Spurs made a key move 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 are prepared to contribute at least $500 million toward the arena's construction, with around $489 million proposed from the city.
The total cost of the arena plan is estimated at $1.3 billion. This project is still in its early stages, and no timeline for construction has been set. 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: The Spurs advance their downtown arena plans with voter approval and strong financial commitments, while their evolving roster shows promising core players and trade potential.