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An unofficial rendering exhibits what a downtown Spurs enviornment and sports activities district might appear to be.
In a vote on Thursday, the College of Texas Board of Regents gave the Metropolis of San Antonio the unique possibility to purchase or lease the 13½-acre downtown property the place UTSA’s Institute of Texan Cultures sits inside Hemisfair, News4SA studies.
Though the board hasn’t mentioned particulars of the vote publicly, the agenda for its Thursday assembly stated the transaction was for a “potential downtown revitalization mission,” main many to consider the land might be the longer term web site for a brand new downtown Spurs enviornment, studies the Specific-Information.
San Antonio metropolis leaders first approached Spurs officers about constructing a brand new downtown enviornment in January 2023, as reported by the Present. Since then, rumors have swirled {that a} downtown Spurs enviornment might be within the works to switch the East Aspect’s ageing Frost Financial institution Middle.
Even when the town plans to construct a brand new basketball enviornment downtown, the Spurs will not be transferring in for some time. The earliest the crew might break its lease on the Frost Financial institution Middle is not till 2026. Even then, breaking an early departure would include an $84 million penalty.
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