The Spurs made a key move toward building a new downtown arena in San Antonio. Voters in Bexar County, Texas, approved a measure allowing officials to allocate up to $311 million in venue taxes for the project, according to Tim Reynolds of The Associated Press.
Despite opposition from several local lawmakers and advocacy groups, just over 52% of voters backed the measure, as reported by county officials. The Spurs have committed to investing at least $500 million into the arena's construction, with an additional $489 million expected from the city, per Reynolds.
The $1.3 billion arena plan remains in its early stages, with no construction timeline set. The Spurs' current lease at Frost Bank Center extends until 2032.
"Castle is a keeper. Wemby and Harper round out that trio of a nucleus. Vassel is a perfect role player with 3 & D skills. Fox can be trade bait if they choose to do so, and the Atlanta draft pick may be the icing on the cake."
Summary: The Spurs secured voter approval to fund a new downtown arena, while the team focuses on developing its core players and strategic roster moves.