San Antonio, December 18, 2025
San Antonio is advancing plans to develop a vibrant sports and entertainment district, acquiring 5.7 acres of federal land to establish a new arena for the Spurs. The project, which includes a $30 million purchase, aims to invigorate downtown and is backed by substantial financial investment from various stakeholders, including the Spurs organization. Completion is targeted for 2032, with ambitious developments to create a lively destination for residents and tourists.
San Antonio Eyes Federal Land for Spurs Arena Development
San Antonio, Texas – The city of San Antonio is making significant strides in its initiative to construct a new sports and entertainment district anchored by a proposed San Antonio Spurs arena. A major aspect of this effort involves the acquisition of 5.7 acres of federal property in the Hemisfair area, a critical move for advancing this ambitious project.
City’s Acquisition Plans
The plan includes purchasing an office building adjacent to the former John H. Wood Jr. Federal Courthouse and two parking lots situated across East César E. Chávez Boulevard for a total of $30 million. This funding will come from Spurs Sports & Entertainment (SS&E), with intentions to lease the land to SS&E or its chosen developers, who are projected to invest around $1.4 billion in complementary projects within the vicinity.
Development Objectives
The proposed sports and entertainment district aims to rejuvenate downtown San Antonio and create a lively location for residents and visitors alike. The first phase of this endeavor will involve the establishment of a boutique hotel that meets the NBA’s standards for visiting teams. Completion of the hotel is expected to coincide with the arena’s anticipated opening in 2032. The overall development plan is spread over a 12-year timeframe, featuring a total investment estimated at $1.4 billion.
Funding and Financial Structure
Financial backing for the new arena and surrounding projects will encompass contributions from various entities. Bexar County voters already approved $311 million in funding derived from hotel and rental car tax receipts. The city of San Antonio plans to invest $489 million, which will be sourced from bonds that will be repaid through rent from developers leasing city-owned land and revenue from the Hemisfair tax increment reinvestment zone. Additionally, the Spurs organization is set to contribute $500 million and assume all cost overruns, illustrating a strong commitment to the project’s realization.
Background Context
Hemisfair, originally the site of the 1968 World’s Fair, has long been a focal point for San Antonio’s urban growth. Past development efforts have shown limited success, often stifled by regulatory challenges and lack of comprehensive planning. The city’s acquisition of federal properties is viewed as a vital move to overcome previous obstacles and unlock the area’s potential for revitalization. By integrating the new arena with its surroundings, the aim is to create a dynamic hub that draws in visitors, supports local businesses, and enhances downtown San Antonio’s economic vitality.
Next Steps
The San Antonio City Council is set to vote on the property acquisition in January. If the acquisition is approved, it would mark a noteworthy milestone in the ongoing effort to establish the sports and entertainment district. This development is expected to significantly influence the city’s landscape, economy, and cultural identity.
Frequently Asked Questions (FAQ)
What properties is the city of San Antonio planning to acquire?
The city plans to acquire an office building adjacent to the former John H. Wood Jr. Federal Courthouse and two parking lots across East César E. Chávez Boulevard, totaling 5.7 acres in the Hemisfair area.
How much is the city paying for the acquisition?
The city intends to purchase the properties for $30 million, with funding provided by Spurs Sports & Entertainment.
What is the purpose of acquiring these properties?
The acquisition is a crucial step in developing a new sports and entertainment district centered around a proposed San Antonio Spurs arena, aiming to revitalize the downtown area and stimulate economic growth.
How will the development be financed?
The financing involves contributions from multiple stakeholders: Bexar County voters approved $311 million from hotel and rental car tax receipts; the city of San Antonio is set to invest $489 million; and the Spurs organization is committed to contributing $500 million and covering all cost overruns.
When is the new arena expected to open?
The new arena is projected to open in 2032, with the first phase of development, including a boutique hotel for visiting NBA teams, completed in conjunction with the arena.
Key Features of the Development
| Feature | Description |
|---|---|
| Location | Hemisfair area, downtown San Antonio |
| Property Acquisition | 5.7 acres from federal government for $30 million |
| Development Investment | Approximately $1.4 billion in mixed-use projects |
| First Phase | Boutique hotel for visiting NBA teams, completed with the arena |
| Arena Opening | Projected for 2032 |
| Funding Sources | Bexar County, City of San Antonio, Spurs Sports & Entertainment |
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