{"id":781611,"date":"2026-07-08T20:45:22","date_gmt":"2026-07-08T20:45:22","guid":{"rendered":"https:\/\/www.rawchili.com\/nba\/781611\/"},"modified":"2026-07-08T20:45:22","modified_gmt":"2026-07-08T20:45:22","slug":"san-antonio-closes-on-three-project-marvel-parcels-for-30m","status":"publish","type":"post","link":"https:\/\/www.rawchili.com\/nba\/781611\/","title":{"rendered":"San Antonio Closes on Three Project Marvel Parcels for $30M"},"content":{"rendered":"

San Antonio formally acquired federal properties downtown that are within the boundaries of a potential sports and entertainment district dubbed Project Marvel.\u00a0<\/p>\n

Officials for the General Services Administration and the city announced Monday that San Antonio paid $30 million for the federal office building at 727 East C\u00e9sar Ch\u00e1vez Boulevard and two parking lots on Indianola Street. The purchase was funded by the NBA franchise the San Antonio Spurs, city manager Erik Walsh said in a statement. The San Antonio Business Journal<\/a> reported that part of Project Marvel is set aside for the Spurs, who plan on building a new arena in the district.\u00a0<\/p>\n

The trio of parcels have been on the city\u2019s radar<\/a> since they were placed on the GSA\u2019s accelerated disposition list in 2025. Donald Trump\u2019s administration has been pushing to slash government real estate spending since returning to the White House, and the three parcels could be just what the city needs to jumpstart its planning phase.\u00a0<\/p>\n

Bexar County<\/a>, as well as the Spurs<\/a> and the city of San Antonio, have been active in creating the framework for the project. The Frost Bank Center, soon-to-be the former home of the Spurs, is currently the planned site of a new rodeo district. The total cost<\/a> of Project Marvel is expected to range somewhere between $1.2 billion to $1.5 billion.\u00a0<\/p>\n

Other Project Marvel planned installments include expanding the Henry B. Gonz\u00e1lez Convention Center at 900 East Market Street, 50 acres of mixed use development and a 1,000 room hotel to go along with the new arena.\u00a0<\/p>\n

Last year, the Spurs parent company stated that they were willing to cowboy up $1 billion for the arena and surrounding developments, and were asking the city to chip in about $490 million to assist. Bexar County voters approved propositions to finance $311 million of the county\u2019s money towards building out the project in November of last year.\u00a0<\/p>\n

\u2014 Hunter Cooke<\/p>\n

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San Antonio moves to grab federal land tied to Spurs-led Project Marvel<\/p>\n

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Spurs commit $1B to stadium district, seek matching city funds<\/p>\n

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Bexar County voters approve $503M for Spurs, rodeo arenas<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"San Antonio formally acquired federal properties downtown that are within the boundaries of a potential sports and entertainment…\n","protected":false},"author":2,"featured_media":781612,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3797],"tags":[7,19641,6,969,474,4075,4074,534],"class_list":["post-781611","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-antonio-spurs","tag-basketball","tag-development","tag-nba","tag-san-antonio","tag-san-antonio-spurs","tag-sanantonio","tag-sanantoniospurs","tag-spurs"],"share_on_mastodon":{"url":"https:\/\/channels.im\/@nba\/116886315254209487","error":""},"_links":{"self":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts\/781611","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=781611"}],"version-history":[{"count":0,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts\/781611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/media\/781612"}],"wp:attachment":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/media?parent=781611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/categories?post=781611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/tags?post=781611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}