The Spurs made a key move toward constructing a new downtown arena in San Antonio. Voters in Bexar County, Texas, approved a measure allowing up to $311 million in venue taxes to fund the project, according to Tim Reynolds of The Associated Press. Despite opposition from some local lawmakers and advocacy groups, just over 52% of voters supported the measure.
The Spurs have pledged at least $500 million for the arena's construction, with approximately $489 million expected from the city. The total estimated cost is $1.3 billion. The plan remains in early stages, with no construction timeline announced. The Spurs' current arena lease at Frost Bank Center runs through 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."
Author's summary: The Spurs take steps toward a $1.3 billion downtown arena with voter funding approved, while building a promising young core including Castle, Wemby, and Harper.