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San Antonio officials outline financing, traffic and neighborhood plans for proposed downtown sports-and-entertainment district
Summary
City staff, consultants and transit officials briefed the City Council on a proposed downtown sports-and-entertainment district — including a convention-center expansion, possible NBA arena, AlamoDome improvements, infrastructure costs and a community engagement plan — but no binding deals or votes were taken.
City staff on Wednesday presented a draft finance and infrastructure plan for a proposed downtown Sports and Entertainment District that would tie together a $750 million expansion of the Henry B. González Convention Center, a proposed NBA-grade arena and longer-term improvements to the Alamodome and surrounding streets.
City Manager Eric Walsh said the city is pursuing a financing approach that relies on new, project-specific revenue streams rather than recurring operating dollars. “We’re approaching this with no city dollars, out of our any of our operations,” Walsh said during the presentation.
The plan presented to the City Council lays out a multi-source financing framework. Officials said the likely revenue mix would include: continued portions of the city’s hotel-occupancy tax, newly captured state revenues through a Project Finance Zone (PFZ) the city recently created, tax increment revenues from a Hemisphere-area TIRZ, private development ground-lease revenues and a county venue tax. City staff said those pieces would be combined — not used singly — to support bond financing for city contributions to projects in the district.
Ben (city staff) told the council the…
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