It has been a contentious few days in the city of San Antonio. After several media blitzes and rally speeches from Mayor Gina Ortiz Jones calling for a “strategic pause” of Project Marvel — the downtown restoration project that would include a new Spurs arena — to allow for another independent study, the city council voted 7-4 against the delay after a long meeting. They also voted along the same lines to move forward with the city’s part of the funding and to agree to the nonbinding term sheet the Spurs had laid out days ago.

The terms agreed to include the following: • TOTAL COST: Approximately$1.3 billion • SIZE: 17,000 to 18,500 capacity • OPEN BY: 2032-2033 NBA season • SPURS CONTRIBUTION: At least $500 million, plus any costs in excess of city and county contributions • CI

See Full Page