AUSTIN (Nexstar) -- Voters in Bexar County will decide if the San Antonio Spurs will get a new arena. A proposition on Tuesday's ballot calls for dedicating hundreds of millions of tax dollars toward a $1.3 billion arena plan for the NBA franchise.
Prop B would raise the county's hotel occupancy tax (HOT) from 1.75% to 2%, and would use that revenue to fund a new arena for the Spurs. Revenue would also come in from the county’s short-term motor vehicle rental tax. The proposition would fund approximately $311 million worth of construction and development.
The city of San Antonio plans to contribute $489 million to the arena, while the Spurs have committed to covering $500 million of the costs for arena construction. The Spurs also have promised to pay 100% of any overruns in the budget.

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