SAN ANTONIO \u2013 The San Antonio City Council is expected to be briefed Wednesday on the latest developments on a sports and entertainment district.<\/p>\n
The briefing is expected to include an estimated cost for a new arena for the San Antonio Spurs, but it is unclear if the city will present hard numbers on how it would be funded. The city has previously estimated<\/a> the cost of a new arena between $1.2 billion and $1.5 billion. <\/p>\n The City Council briefing will be livestreamed at 2 p.m. Wednesday in this article and on KSAT Plus. Delays are possible; if there is not a livestream available, check back at a later time.<\/p>\n Project Marvel<\/a>, the city\u2019s codename for the district around Hemisfair, also includes an expansion of the Henry B. Gonz\u00e1lez Convention Center, a new convention center hotel, land bridge over Interstate 37, improvements to the Alamodome, renovating the John Woods Federal Courthouse into a live entertainment venue, a mixed-use development and enhanced infrastructure. <\/p>\n During a Tuesday Q&A session<\/a> during KSAT\u2019s 6 O\u2019Clock News, San Antonio Mayor Ron Nirenberg said Wednesday\u2019s briefing would also include updates on traffic analysis, proposed facility improvements and clarity on funding options. <\/p>\n Nirenberg said the city has also had talks with the Spurs about what they\u2019d be willing to do for community benefits. City staff are also expected to discuss plans for community engagement<\/a>.<\/p>\n When it came to the specifics of funding an arena, Nirenberg told KSAT, \u201cWe\u2019re going to have a ballpark of what we expect an arena to cost, and we\u2019re going to start to see some of the options at which we can pay for that.<\/p>\n \u201cI will tell you this: we are not going to pay for an arena using property tax \u2014 residential property tax. That\u2019s not on the table. It wouldn\u2019t be on the table. There are other ways to do this through, you know, visitor and business revenues that are generated from the business that would not be there unless the Spurs were to come downtown.\u201d<\/p>\n Five-part funding lineup<\/p>\n The city\u2019s previously described vision for funding a new arena revolves around five possible streams of public and private dollars:<\/p>\n PFZ:\u00a0A newly created<\/a> \u201cproject finance zone\u201d allows the city to capture a share of hotel-related, state tax dollars over 30 years from within three miles of a \u201cConvention Center Complex.\u201d The city can then spend the money on projects within that complex: the expansion of the Henry B. Gonz\u00e1lez Convention Center, improving the Alamodome and building a new Spurs arena.TIRZ: Similar to a PFZ, a \u201ctax increment reinvestment zone (TIRZ)\u201d sets aside new, city property tax revenue from development or higher values within a specific area. The money is then used to fund more projects within that same area. The proposed stadium sits within the city\u2019s\u00a0Hemisfair TIRZ<\/a>.Venue Tax:\u00a0A\u00a0Bexar County tax<\/a>\u00a0on hotel stays and car rentals that was used to fund the Spurs\u2019 current home, the Frost Bank Center. County Judge Peter Sakai, though, has said the county needs to use the tax to keep up its own facilities<\/a> before helping the Spurs build a new home.Spurs:\u00a0Private money from the team, which\u00a0Forbes<\/a>\u00a0values at $3.85 billion.Team Revenues:\u00a0Currently unspecified, but could include annual lease payments and ticket fees, similar to the\u00a0funding deal<\/a>\u00a0for a downtown minor league baseball stadium.<\/p>\n To date, there has not been any public discussion of exactly how much each of these funding options could provide for a new arena.<\/p>\n More recent Project Marvel coverage on KSAT: <\/p>\n Copyright 2025 by KSAT – All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"SAN ANTONIO \u2013 The San Antonio City Council is expected to be briefed Wednesday on the latest developments…\n","protected":false},"author":2,"featured_media":76754,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3797],"tags":[7,10143,884,10144,6,6925,969,474,4075,4074,534],"class_list":{"0":"post-76753","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-san-antonio-spurs","8":"tag-basketball","9":"tag-city-hall","10":"tag-downtown","11":"tag-hemisfair","12":"tag-nba","13":"tag-project-marvel","14":"tag-san-antonio","15":"tag-san-antonio-spurs","16":"tag-sanantonio","17":"tag-sanantoniospurs","18":"tag-spurs"},"share_on_mastodon":{"url":"https:\/\/channels.im\/@nba\/114626475033829389","error":""},"_links":{"self":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts\/76753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/comments?post=76753"}],"version-history":[{"count":0,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts\/76753\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/media\/76754"}],"wp:attachment":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/media?parent=76753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/categories?post=76753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/tags?post=76753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}