The Spurs made notable progress on their plan to build 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, per county officials. The Spurs have pledged at least $500 million toward the arena's construction, with $489 million proposed from the city. The total plan is estimated at $1.3 billion but remains in early stages without a construction timeline.
The team’s lease at Frost Bank Center lasts until 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 secured voter approval for funding a new downtown arena, while reinforcing confidence in key players and strategic assets shaping their future.