The Spurs took a major step Tuesday 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, as reported by county officials. The Spurs have committed at least $500 million toward the arena's construction, with a proposed $489 million coming from the city, per Reynolds.
The $1.3 billion arena project remains in its early planning stages, and no construction timeline has been announced. The Spurs’ lease at their current home, 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 advance plans for a new $1.3 billion downtown arena backed by local taxes, while building a promising young core with Castle, Wemby, and Harper shaping the team's future.