San Antonio Spurs commit $1 billion for downtown arena

San Antonio Spurs commit $1 billion for downtown arena

>> TIE. HAPPY FRIDAY. WE MADE >> TIE. HAPPY FRIDAY. WE MADE
IT TO JULY 25TH WHAT A WEEK >> TIE. HAPPY FRIDAY. WE MADE
IT TO JULY 25TH WHAT A WEEK
IT’S BEEN. AND WHAT A BUSY IT TO JULY 25TH WHAT A WEEK
IT’S BEEN. AND WHAT A BUSY
MORNING WE HAD ON GMSA PLUS IT’S BEEN. AND WHAT A BUSY
MORNING WE HAD ON GMSA PLUS
STREAMING EARLIER. RIGHT BEFORE MORNING WE HAD ON GMSA PLUS
STREAMING EARLIER. RIGHT BEFORE
WE WALKED INTO THE STUDIO, WE STREAMING EARLIER. RIGHT BEFORE
WE WALKED INTO THE STUDIO, WE
HAD A LOT OF FUN, BUT WE’VE GOT WE WALKED INTO THE STUDIO, WE
HAD A LOT OF FUN, BUT WE’VE GOT
TO GET TO SOMETHING THAT YOU HAD A LOT OF FUN, BUT WE’VE GOT
TO GET TO SOMETHING THAT YOU
BEGIN BREAKING RIGHT NOW. TO GET TO SOMETHING THAT YOU
BEGIN BREAKING RIGHT NOW.
RJ MARQUEZ, WE HINTED AT THIS BEGIN BREAKING RIGHT NOW.
RJ MARQUEZ, WE HINTED AT THIS
EARLIER. HE’S BEEN VERY, VERY RJ MARQUEZ, WE HINTED AT THIS
EARLIER. HE’S BEEN VERY, VERY
BUSY WITH ALL THINGS PROJECT EARLIER. HE’S BEEN VERY, VERY
BUSY WITH ALL THINGS PROJECT
MARVEL AND A BIG MEETING COMING BUSY WITH ALL THINGS PROJECT
MARVEL AND A BIG MEETING COMING
UP IN JUST A FEW HOURS RJ. MARVEL AND A BIG MEETING COMING
UP IN JUST A FEW HOURS RJ.
THAT’S RIGHT, GUYS. SO BIG UP IN JUST A FEW HOURS RJ.
THAT’S RIGHT, GUYS. SO BIG
BREAKING NEWS WHEN IT COMES TO THAT’S RIGHT, GUYS. SO BIG
BREAKING NEWS WHEN IT COMES TO
OUR SAN ANTONIO SPURS AND BREAKING NEWS WHEN IT COMES TO
OUR SAN ANTONIO SPURS AND
COMING FROM THE SPURS AND THE OUR SAN ANTONIO SPURS AND
COMING FROM THE SPURS AND THE
FUTURE OF PROJECT MARVEL COMING FROM THE SPURS AND THE
FUTURE OF PROJECT MARVEL
ITSELF. SO THE SPURS ARENA, FUTURE OF PROJECT MARVEL
ITSELF. SO THE SPURS ARENA,
AS WE’VE BEEN REPORTING ITSELF. SO THE SPURS ARENA,
AS WE’VE BEEN REPORTING
THROUGHOUT THE ENTIRE MORNING. AS WE’VE BEEN REPORTING
THROUGHOUT THE ENTIRE MORNING.
HERE IS BACK ON THE AGENDA IN THROUGHOUT THE ENTIRE MORNING.
HERE IS BACK ON THE AGENDA IN
TODAY’S SPECIAL CITY COUNCIL HERE IS BACK ON THE AGENDA IN
TODAY’S SPECIAL CITY COUNCIL
MEETING, MAYOR JEAN ORTIZ JONES TODAY’S SPECIAL CITY COUNCIL
MEETING, MAYOR JEAN ORTIZ JONES
CALLED THAT MEETING TO ONCE MEETING, MAYOR JEAN ORTIZ JONES
CALLED THAT MEETING TO ONCE
AGAIN LOOK AT THE COSTS. CALLED THAT MEETING TO ONCE
AGAIN LOOK AT THE COSTS.
AND THIS MORNING WE’RE GETTING AGAIN LOOK AT THE COSTS.
AND THIS MORNING WE’RE GETTING
SOME NUMBERS FROM THE SPURS AND THIS MORNING WE’RE GETTING
SOME NUMBERS FROM THE SPURS
OTHE AGAIN. THIS IS THE FIRST SOME NUMBERS FROM THE SPURS
OTHE AGAIN. THIS IS THE FIRST
TIME THAT THEY HAVE SHARED OTHE AGAIN. THIS IS THE FIRST
TIME THAT THEY HAVE SHARED
DETAILS OF THEIR PLANS FOR THIS TIME THAT THEY HAVE SHARED
DETAILS OF THEIR PLANS FOR THIS
POTENTIAL ARENA IN A LETTER DETAILS OF THEIR PLANS FOR THIS
POTENTIAL ARENA IN A LETTER
FROM SPURS CHAIRMAN, YOU SEE POTENTIAL ARENA IN A LETTER
FROM SPURS CHAIRMAN, YOU SEE
HIM RIGHT THERE, PETER, J HOLT, FROM SPURS CHAIRMAN, YOU SEE
HIM RIGHT THERE, PETER, J HOLT,
2 CITY MANAGER ERIK WALSH AND HIM RIGHT THERE, PETER, J HOLT,
2 CITY MANAGER ERIK WALSH AND
THE CITY COUNCIL HOLD SAYS THAT 2 CITY MANAGER ERIK WALSH AND
THE CITY COUNCIL HOLD SAYS THAT
THE SPURS AND THEIR PARTNERS THE CITY COUNCIL HOLD SAYS THAT
THE SPURS AND THEIR PARTNERS
ARE WILLING TO INVEST OVER A THE SPURS AND THEIR PARTNERS
ARE WILLING TO INVEST OVER A
BILLION DOLLARS TO GET THIS NEW ARE WILLING TO INVEST OVER A
BILLION DOLLARS TO GET THIS NEW
ARENA BUILT. SO LET’S BREAK BILLION DOLLARS TO GET THIS NEW
ARENA BUILT. SO LET’S BREAK
DOWN SOME OF THE FIGURES HERE ARENA BUILT. SO LET’S BREAK
DOWN SOME OF THE FIGURES HERE
THAT THEY HAVE SHARED WITH US. DOWN SOME OF THE FIGURES HERE
THAT THEY HAVE SHARED WITH US.
THIS IS 500 MILLION DOLLARS THAT THEY HAVE SHARED WITH US.
THIS IS 500 MILLION DOLLARS
TO THE ARENA ITSELF AND THIS IS 500 MILLION DOLLARS
TO THE ARENA ITSELF AND
GUARANTEE COVERAGE OF THE COSTS TO THE ARENA ITSELF AND
GUARANTEE COVERAGE OF THE COSTS
OF OVERRUNS. NOW, 500 MILLION GUARANTEE COVERAGE OF THE COSTS
OF OVERRUNS. NOW, 500 MILLION
IN ADJACENT DOWNTOWN OF OVERRUNS. NOW, 500 MILLION
IN ADJACENT DOWNTOWN
DEVELOPMENT AND 60 MILLION IN IN ADJACENT DOWNTOWN
DEVELOPMENT AND 60 MILLION IN
ADDITIONAL COMMUNITY DEVELOPMENT AND 60 MILLION IN
ADDITIONAL COMMUNITY
INCENTIVES. NOW, THIS PROPOSAL ADDITIONAL COMMUNITY
INCENTIVES. NOW, THIS PROPOSAL
ALSO INCLUDES INCENTIVES FOR INCENTIVES. NOW, THIS PROPOSAL
ALSO INCLUDES INCENTIVES FOR
SOME LOCAL BUSINESSES AS PART ALSO INCLUDES INCENTIVES FOR
SOME LOCAL BUSINESSES AS PART
OF A GETTING THIS NEW ARENA SOME LOCAL BUSINESSES AS PART
OF A GETTING THIS NEW ARENA
BUILT. AND SUNDAY WOULD OF A GETTING THIS NEW ARENA
BUILT. AND SUNDAY WOULD
UNDERWRITE VIA PARK AND RIDE BUILT. AND SUNDAY WOULD
UNDERWRITE VIA PARK AND RIDE
FOR UP TO 2000 SINGLE GAME UNDERWRITE VIA PARK AND RIDE
FOR UP TO 2000 SINGLE GAME
PRIMARY TICKET BUYERS AND MAKE FOR UP TO 2000 SINGLE GAME
PRIMARY TICKET BUYERS AND MAKE
500 TICKETS AVAILABLE FOR EVERY PRIMARY TICKET BUYERS AND MAKE
500 TICKETS AVAILABLE FOR EVERY
SPURS HOME GAME AT LESS THAN 500 TICKETS AVAILABLE FOR EVERY
SPURS HOME GAME AT LESS THAN
$35 OR THERE’S BEEN A LOT OF SPURS HOME GAME AT LESS THAN
$35 OR THERE’S BEEN A LOT OF
DISCUSSION ABOUT THE COST TO $35 OR THERE’S BEEN A LOT OF
DISCUSSION ABOUT THE COST TO
POTENTIALLY GO TO SPURS GAME IN DISCUSSION ABOUT THE COST TO
POTENTIALLY GO TO SPURS GAME IN
THE DOWNTOWN SUNDAY. ALSO POTENTIALLY GO TO SPURS GAME IN
THE DOWNTOWN SUNDAY. ALSO
PROPOSING UNDERWRITING A NEW THE DOWNTOWN SUNDAY. ALSO
PROPOSING UNDERWRITING A NEW
POLICY TARGETING EARLY PROPOSING UNDERWRITING A NEW
POLICY TARGETING EARLY
CHILDHOOD EDUCATION AND CHILD POLICY TARGETING EARLY
CHILDHOOD EDUCATION AND CHILD
CARE IN THE COMMUNITY. SO WE CHILDHOOD EDUCATION AND CHILD
CARE IN THE COMMUNITY. SO WE
ACTUALLY SPOKE WITH MAYOR JONES CARE IN THE COMMUNITY. SO WE
ACTUALLY SPOKE WITH MAYOR JONES
LAST NIGHT ABOUT SOME OF THESE ACTUALLY SPOKE WITH MAYOR JONES
LAST NIGHT ABOUT SOME OF THESE
LATEST DEVELOPMENTS. HERE’S A LAST NIGHT ABOUT SOME OF THESE
LATEST DEVELOPMENTS. HERE’S A
LITTLE BIT OF WHAT SHE HAD TO LATEST DEVELOPMENTS. HERE’S A
LITTLE BIT OF WHAT SHE HAD TO
SAY. LITTLE BIT OF WHAT SHE HAD TO
SAY.
REPORTING HAS HAS SHOWN THAT, SAY.
REPORTING HAS HAS SHOWN THAT,
YOU KNOW, THE SPURS ARE ASKING REPORTING HAS HAS SHOWN THAT,
YOU KNOW, THE SPURS ARE ASKING
THE CITY FOR 500 MILLION. YOU KNOW, THE SPURS ARE ASKING
THE CITY FOR 500 MILLION.
>> AND THEY’RE LOOKING TO THE CITY FOR 500 MILLION.
>> AND THEY’RE LOOKING TO
THEMSELVES CHIP IN >> AND THEY’RE LOOKING TO
THEMSELVES CHIP IN
500 MILLION. AGAIN, THERE’S THEMSELVES CHIP IN
500 MILLION. AGAIN, THERE’S
WE’VE GOT TO MAKE SURE THE 500 MILLION. AGAIN, THERE’S
WE’VE GOT TO MAKE SURE THE
NUMBERS MAKE SENSE FOR OUR WE’VE GOT TO MAKE SURE THE
NUMBERS MAKE SENSE FOR OUR
LOOKS ARE, YOU KNOW, ARE NUMBERS MAKE SENSE FOR OUR
LOOKS ARE, YOU KNOW, ARE
ASKING, YOU KNOW, CAN WE GET LOOKS ARE, YOU KNOW, ARE
ASKING, YOU KNOW, CAN WE GET
SOME OF THAT CONCESSION MONEY? ASKING, YOU KNOW, CAN WE GET
SOME OF THAT CONCESSION MONEY?
CAN WE GET SOME OF THAT SOME OF THAT CONCESSION MONEY?
CAN WE GET SOME OF THAT
PARKING? CAN WE GET RIGHT? CAN WE GET SOME OF THAT
PARKING? CAN WE GET RIGHT?
IT’S BECAUSE I THINK IT FOCUSES PARKING? CAN WE GET RIGHT?
IT’S BECAUSE I THINK IT FOCUSES
MINDS. IT’S NOT JUST HOW DO WE IT’S BECAUSE I THINK IT FOCUSES
MINDS. IT’S NOT JUST HOW DO WE
PAY FOR IT. BUT AGAIN, IT’S MINDS. IT’S NOT JUST HOW DO WE
PAY FOR IT. BUT AGAIN, IT’S
ALSO HAS A COMMUNITY BENEFIT. PAY FOR IT. BUT AGAIN, IT’S
ALSO HAS A COMMUNITY BENEFIT.
>> SO I THINK WITH THIS LETTER, ALSO HAS A COMMUNITY BENEFIT.
>> SO I THINK WITH THIS LETTER,
THE SPURS ARE TRYING TO ANSWER >> SO I THINK WITH THIS LETTER,
THE SPURS ARE TRYING TO ANSWER
SOME OF THOSE CONCERNS THAT THE SPURS ARE TRYING TO ANSWER
SOME OF THOSE CONCERNS THAT
MAYOR JONES MAY HAVE THERE. SOME OF THOSE CONCERNS THAT
MAYOR JONES MAY HAVE THERE.
AGAIN, THIS IS ALL EXPECTED TO MAYOR JONES MAY HAVE THERE.
AGAIN, THIS IS ALL EXPECTED TO
BE DISCUSSED DURING TODAY’S AGAIN, THIS IS ALL EXPECTED TO
BE DISCUSSED DURING TODAY’S
CITY COUNCIL MEETING, WHICH IS BE DISCUSSED DURING TODAY’S
CITY COUNCIL MEETING, WHICH IS
HAPPENING AT 1 O’CLOCK THIS CITY COUNCIL MEETING, WHICH IS
HAPPENING AT 1 O’CLOCK THIS
AFTERNOON ON A FRIDAY. AND HAPPENING AT 1 O’CLOCK THIS
AFTERNOON ON A FRIDAY. AND
GUYS, YOU KIND OF ALLUDED TO AFTERNOON ON A FRIDAY. AND
GUYS, YOU KIND OF ALLUDED TO
THIS EARLIER. IT’S A LITTLE GUYS, YOU KIND OF ALLUDED TO
THIS EARLIER. IT’S A LITTLE
RARE THAT THEY HAVE THIS IN THIS EARLIER. IT’S A LITTLE
RARE THAT THEY HAVE THIS IN
THE MIDDLE OF SUMMER. SO RARE THAT THEY HAVE THIS IN
THE MIDDLE OF SUMMER. SO
OBVIOUSLY, THIS IS SOME PRETTY THE MIDDLE OF SUMMER. SO
OBVIOUSLY, THIS IS SOME PRETTY
BIG DEVELOPMENTS WHEN IT COMES OBVIOUSLY, THIS IS SOME PRETTY
BIG DEVELOPMENTS WHEN IT COMES
TO PROJECT MARVEL AND THE SPURS BIG DEVELOPMENTS WHEN IT COMES
TO PROJECT MARVEL AND THE SPURS
ARE A NUMBER OF FIRST GOING TO TO PROJECT MARVEL AND THE SPURS
ARE A NUMBER OF FIRST GOING TO
HAVE THAT FOR YOU AND ALL OF ARE A NUMBER OF FIRST GOING TO
HAVE THAT FOR YOU AND ALL OF
OUR PLATFORMS. KSAT.COM LIVE HAVE THAT FOR YOU AND ALL OF
OUR PLATFORMS. KSAT.COM LIVE
STREAM AS WELL. SO SOME BIG OUR PLATFORMS. KSAT.COM LIVE
STREAM AS WELL. SO SOME BIG
BREAKING NEWS FROM SPURS STREAM AS WELL. SO SOME BIG
BREAKING NEWS FROM SPURS
CHAIRMAN PETER J. HOLT VERY BREAKING NEWS FROM SPURS
CHAIRMAN PETER J. HOLT VERY
IMPORTANT. AND YOU WERE TALKING CHAIRMAN PETER J. HOLT VERY
IMPORTANT. AND YOU WERE TALKING
EARLIER AND IT SAYS A LOT OF IMPORTANT. AND YOU WERE TALKING
EARLIER AND IT SAYS A LOT OF
MONEY, BUT OTHER TEAMS ARE EARLIER AND IT SAYS A LOT OF
MONEY, BUT OTHER TEAMS ARE
PUTTING IN THE MONEY AS WELL. MONEY, BUT OTHER TEAMS ARE
PUTTING IN THE MONEY AS WELL.
THEY RECENT RAIN HAS BEEN THAT PUTTING IN THE MONEY AS WELL.
THEY RECENT RAIN HAS BEEN THAT
A NEW ARENA FOR AN NBA TEAM. THEY RECENT RAIN HAS BEEN THAT
A NEW ARENA FOR AN NBA TEAM.
NBA FRANCHISE COST ANYWHERE A NEW ARENA FOR AN NBA TEAM.
NBA FRANCHISE COST ANYWHERE
FROM ABOUT A BILLION DOLLARS NBA FRANCHISE COST ANYWHERE
FROM ABOUT A BILLION DOLLARS
TO. FROM ABOUT A BILLION DOLLARS
TO.
>> 1.5, WHICH IS WHAT THE SPURS TO.
>> 1.5, WHICH IS WHAT THE SPURS
ARE PROJECTED NOW IN LA. >> 1.5, WHICH IS WHAT THE SPURS
ARE PROJECTED NOW IN LA.
THEY BUILT THE NEW CLIPPERS ARE PROJECTED NOW IN LA.
THEY BUILT THE NEW CLIPPERS
ARENA. THAT WAS 2 BILLION THEY BUILT THE NEW CLIPPERS
ARENA. THAT WAS 2 BILLION
DOLLARS. BUT THAT WAS ALL ARENA. THAT WAS 2 BILLION
DOLLARS. BUT THAT WAS ALL
PRIVATELY-FUNDED. STEVE ALDER DOLLARS. BUT THAT WAS ALL
PRIVATELY-FUNDED. STEVE ALDER
SAID STEVE BALMER. YES, OF PRIVATELY-FUNDED. STEVE ALDER
SAID STEVE BALMER. YES, OF
COURSE. AS THE BOMBER SAID STEVE BALMER. YES, OF
COURSE. AS THE BOMBER
BILLIONAIRE STEVE BALMER. COURSE. AS THE BOMBER
BILLIONAIRE STEVE BALMER.
SO NOW THE NEW THUNDER ARENA, BILLIONAIRE STEVE BALMER.
SO NOW THE NEW THUNDER ARENA,
WHICH WAS APPROVED BY THE CITY, SO NOW THE NEW THUNDER ARENA,
WHICH WAS APPROVED BY THE CITY,
OKLAHOMA CITY. THEY APPROVED WHICH WAS APPROVED BY THE CITY,
OKLAHOMA CITY. THEY APPROVED
IT, BUT THAT’S WITH VERY LITTLE OKLAHOMA CITY. THEY APPROVED
IT, BUT THAT’S WITH VERY LITTLE
INVESTMENT FROM THE OWNERSHIP IT, BUT THAT’S WITH VERY LITTLE
INVESTMENT FROM THE OWNERSHIP
GROUP IN OKLAHOMA CITY. I INVESTMENT FROM THE OWNERSHIP
GROUP IN OKLAHOMA CITY. I
BELIEVE IT’S ONLY SOMETHING IN GROUP IN OKLAHOMA CITY. I
BELIEVE IT’S ONLY SOMETHING IN
TERMS OF REPORTED ANYWHERE FROM BELIEVE IT’S ONLY SOMETHING IN
TERMS OF REPORTED ANYWHERE FROM
5 TO 10 MILLION DOLLARS AND TERMS OF REPORTED ANYWHERE FROM
5 TO 10 MILLION DOLLARS AND
THE CITY IS GOING TO BE FOOTING 5 TO 10 MILLION DOLLARS AND
THE CITY IS GOING TO BE FOOTING
THE REST OF THAT BILL. BUT AS THE CITY IS GOING TO BE FOOTING
THE REST OF THAT BILL. BUT AS
YOU MENTIONED EARLIER, ERNIE, THE REST OF THAT BILL. BUT AS
YOU MENTIONED EARLIER, ERNIE,
OBVIOUSLY THE THUNDER JUST WON YOU MENTIONED EARLIER, ERNIE,
OBVIOUSLY THE THUNDER JUST WON
A TITLE. SO THERE’S A LOT OF OBVIOUSLY THE THUNDER JUST WON
A TITLE. SO THERE’S A LOT OF
MOMENTUM WHEN IT COMES TO THAT A TITLE. SO THERE’S A LOT OF
MOMENTUM WHEN IT COMES TO THAT
STADIUM PUSH THAT ARENA PUSH. MOMENTUM WHEN IT COMES TO THAT
STADIUM PUSH THAT ARENA PUSH.
AND ONE THING THAT PETER JAY STADIUM PUSH THAT ARENA PUSH.
AND ONE THING THAT PETER JAY
HOTEZ KIND OF TOLD US OVER AND ONE THING THAT PETER JAY
HOTEZ KIND OF TOLD US OVER
TIME, NOT ONLY MYSELF BUT OTHER HOTEZ KIND OF TOLD US OVER
TIME, NOT ONLY MYSELF BUT OTHER
MEDIA OUTLETS IS THAT WHILE THE TIME, NOT ONLY MYSELF BUT OTHER
MEDIA OUTLETS IS THAT WHILE THE
SPURS EVALUATION IS OVER MEDIA OUTLETS IS THAT WHILE THE
SPURS EVALUATION IS OVER
3 BILLION DOLLARS, ACCORDING TO SPURS EVALUATION IS OVER
3 BILLION DOLLARS, ACCORDING TO
LATEST REPORTS FROM FORBES. 3 BILLION DOLLARS, ACCORDING TO
LATEST REPORTS FROM FORBES.
ANOTHER, SOME OF THESE OTHER LATEST REPORTS FROM FORBES.
ANOTHER, SOME OF THESE OTHER
SITES THAT DO THIS. HE SAID ANOTHER, SOME OF THESE OTHER
SITES THAT DO THIS. HE SAID
THAT THAT’S NOT LIQUID MONEY, SITES THAT DO THIS. HE SAID
THAT THAT’S NOT LIQUID MONEY,
THAT IN ORDER FOR THEM TO THAT THAT’S NOT LIQUID MONEY,
THAT IN ORDER FOR THEM TO
COMPETE WITH THE OTHER END, THE THAT IN ORDER FOR THEM TO
COMPETE WITH THE OTHER END, THE
FRANCHISE’S THEY NEED TO KIND COMPETE WITH THE OTHER END, THE
FRANCHISE’S THEY NEED TO KIND
OF FIND THESE OTHER REVENUES. FRANCHISE’S THEY NEED TO KIND
OF FIND THESE OTHER REVENUES.
THESE OTHER OPPORTUNITIES TO OF FIND THESE OTHER REVENUES.
THESE OTHER OPPORTUNITIES TO
GET SOME OF THIS MONEY, GET THESE OTHER OPPORTUNITIES TO
GET SOME OF THIS MONEY, GET
SOME OF THIS FUNDING, WHICH WAS GET SOME OF THIS MONEY, GET
SOME OF THIS FUNDING, WHICH WAS
SOME OF IT. MY UNDERSTANDING SOME OF THIS FUNDING, WHICH WAS
SOME OF IT. MY UNDERSTANDING
WILL BE THROUGH THE SOME OF SOME OF IT. MY UNDERSTANDING
WILL BE THROUGH THE SOME OF
THE REINVESTMENT, THE TAX WILL BE THROUGH THE SOME OF
THE REINVESTMENT, THE TAX
ZONES, WHICH WE’VE REPORTED THE REINVESTMENT, THE TAX
ZONES, WHICH WE’VE REPORTED
ON EXTENSIVELY OVER THE PAST ZONES, WHICH WE’VE REPORTED
ON EXTENSIVELY OVER THE PAST
YEAR OR SO. SO THIS IS GOING TO ON EXTENSIVELY OVER THE PAST
YEAR OR SO. SO THIS IS GOING TO
BE MONEY COMING IN FROM A LOT YEAR OR SO. SO THIS IS GOING TO
BE MONEY COMING IN FROM A LOT
OF DIFFERENT PLACES. BUT BE MONEY COMING IN FROM A LOT
OF DIFFERENT PLACES. BUT
OBVIOUSLY THE SPURS ARE OF DIFFERENT PLACES. BUT
OBVIOUSLY THE SPURS ARE
BASICALLY PUTTING THEIR CHIPS OBVIOUSLY THE SPURS ARE
BASICALLY PUTTING THEIR CHIPS
ON THE TABLE RIGHT HERE AND WE BASICALLY PUTTING THEIR CHIPS
ON THE TABLE RIGHT HERE AND WE
SHOULD GET SOME MORE DETAILS ON THE TABLE RIGHT HERE AND WE
SHOULD GET SOME MORE DETAILS
LATER TODAY. WELL, THIS WAS THE SHOULD GET SOME MORE DETAILS
LATER TODAY. WELL, THIS WAS THE
NEXT DOMINO TO FALL A FEW WHAT LATER TODAY. WELL, THIS WAS THE
NEXT DOMINO TO FALL A FEW WHAT
WE LOVE. PEOPLE HAVE BEEN NEXT DOMINO TO FALL A FEW WHAT
WE LOVE. PEOPLE HAVE BEEN
WAITING TO SEE WHAT THE NUMBER WE LOVE. PEOPLE HAVE BEEN
WAITING TO SEE WHAT THE NUMBER
WOULD LOOK LIKE. AND NOW WE’RE WAITING TO SEE WHAT THE NUMBER
WOULD LOOK LIKE. AND NOW WE’RE
GETTING SOME INDICATION ON WOULD LOOK LIKE. AND NOW WE’RE
GETTING SOME INDICATION ON
THAT. YEAH, GUYS. SO WE HAVE GETTING SOME INDICATION ON
THAT. YEAH, GUYS. SO WE HAVE
THE FULL ARTICLE ON KSAT DOT THAT. YEAH, GUYS. SO WE HAVE
THE FULL ARTICLE ON KSAT DOT
COM. YOU KNOW, THAT WAS A LOT THE FULL ARTICLE ON KSAT DOT
COM. YOU KNOW, THAT WAS A LOT
OF INFORMATION TO TRY TO GET COM. YOU KNOW, THAT WAS A LOT
OF INFORMATION TO TRY TO GET
THROUGH WITH SOME OF THE OF INFORMATION TO TRY TO GET
THROUGH WITH SOME OF THE
COMMUNITY INCENTIVES. BUT THROUGH WITH SOME OF THE
COMMUNITY INCENTIVES. BUT
REALLY KIND OF THE BIG HEADLINE COMMUNITY INCENTIVES. BUT
REALLY KIND OF THE BIG HEADLINE
HERE IS THAT THE SPURS AGAIN, REALLY KIND OF THE BIG HEADLINE
HERE IS THAT THE SPURS AGAIN,
THEY ARE SAYING THAT THEY’RE HERE IS THAT THE SPURS AGAIN,
THEY ARE SAYING THAT THEY’RE
WILLING TO INVEST OVER A THEY ARE SAYING THAT THEY’RE
WILLING TO INVEST OVER A
BILLION DOLLARS TO GET THIS WILLING TO INVEST OVER A
BILLION DOLLARS TO GET THIS
NEW ARENA BUILT. THEY HAVE BILLION DOLLARS TO GET THIS
NEW ARENA BUILT. THEY HAVE
ALREADY SAID THAT THEY DO NOT NEW ARENA BUILT. THEY HAVE
ALREADY SAID THAT THEY DO NOT
PLAN TO BE AT THE FROST BANK ALREADY SAID THAT THEY DO NOT
PLAN TO BE AT THE FROST BANK
CENTER PAST 2032 WHEN THAT PLAN TO BE AT THE FROST BANK
CENTER PAST 2032 WHEN THAT
LEASE ULTIMATELY RUNS OUT. CENTER PAST 2032 WHEN THAT
LEASE ULTIMATELY RUNS OUT.
SO 7 YEARS FROM NOW IS KIND OF LEASE ULTIMATELY RUNS OUT.
SO 7 YEARS FROM NOW IS KIND OF
THE TIME. I SEEM LIKE FOREVER. SO 7 YEARS FROM NOW IS KIND OF
THE TIME. I SEEM LIKE FOREVER.
YEAH, TO BLINK OF AN EYE. THE TIME. I SEEM LIKE FOREVER.
YEAH, TO BLINK OF AN EYE.
AND WHEN IT COMES TO STADIUMS

Spurs Sports & Entertainment (SS&E) investors and future development partners “are willing to invest over $1 billion in this effort,” said Spurs Chairman and Managing Partner Peter J. Holt in the letter dated Thursday, July 24.