The Spurs made a key advancement toward constructing a new downtown arena in San Antonio. Voters in Bexar County, Texas, approved a measure 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, per county officials. The Spurs have indicated they are willing to invest at least $500 million toward the arena's construction, with approximately $489 million proposed from the city’s funds.
The overall arena plan is valued at $1.3 billion but remains in the early stages with no set timeline for construction. The Spurs’ current lease at the 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 moving forward with plans for a new arena backed by local voters and city funding, while shaping a promising core roster around Castle, Wembanyama, and Harper.