JOURNAL ARTICLE

NBA's Spurs Seal $311 Million Subsidy for New Arena After Vote.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Shah, Aashna 3 of 3

Abstract

The article discusses the approval of public financing for a new downtown arena for the National Basketball Association's Spurs team in San Antonio. Voters in Bexar County passed Proposition B, allowing the county to increase the hotel-occupancy tax by up to 2% to raise as much as $311 million for the project. The Spurs will contribute approximately $500 million, while the city of San Antonio will provide $489 million, with the team covering any cost overruns. The proposal faced opposition from community activists concerned about diverting funds from essential infrastructure needs. Additionally, Proposition A, which funds upgrades to the current arena, also received voter approval. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/11, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2025
  • Accession Number:189154017
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