City Plans $900M Mixed-Use Development with Private Funding and Affordable Housing Units

In a pivotal discussion during the San Antonio City Council meeting on August 21, 2025, officials outlined a significant financial plan involving $900 million in funding primarily sourced from private investments. This funding is tied to a development project that includes a mixed-use arena and aims to generate revenue through various taxes.

City leaders clarified that the funding does not rely on property tax bonds or certificates of obligation, emphasizing that the financial structure is designed to minimize public financial risk. Instead, the project will leverage income generated from third-party sources to cover costs associated with the arena.

The development plan also highlights a commitment to affordable housing, with a portion of the project dedicated to constructing units that are both affordable and at market rates. This initiative aims to address housing needs while supporting the broader economic goals of the city.

As the project moves forward, city officials anticipate that the mixed-use arena will not only enhance local entertainment options but also stimulate economic growth through job creation and increased tax revenue. The council's focus on this financial strategy underscores a proactive approach to urban development in San Antonio, setting the stage for future discussions on implementation and community impact.