Voters to Decide on Coliseum Complex, Spurs Arena Projects in 2025 Election
The upcoming 2025 election in Bexar County will present voters with two key propositions concerning major developments in downtown San Antonio. These involve proposals related to the Spurs arena and the Frost Bank Center.
Overview of Propositions A and B
Proposition A focuses on the preservation of the Frost Bank Center, the Spurs’ current home, and adjacent Freeman Coliseum. This proposition requests voter approval for an estimated budget of $192 million to $198 million. The aim is to transform these venues into year-round rodeo grounds.
Funding for Proposition A would stem from two sources: a 5% tax on car rentals and an increased hotel occupancy tax, which would rise to 2%.
Details of Proposition B
Proposition B addresses the funding needed for a new downtown Spurs arena, contingent on voter approval. Like Proposition A, it proposes using the same two funding sources.
Should Proposition B pass, Bexar County would contribute up to $311 million, equating to 25% of the new arena’s cost, or the lesser amount. The total projected cost for the arena stands at approximately $1.3 billion. Currently, there is an extra $48 million already accumulated from existing tax revenues.
Possible Outcomes
Voters in Bexar County face a critical decision with possible outcomes including:
- Both Proposition A and Proposition B pass.
- Both propositions fail.
- Proposition A passes, but Proposition B fails.
- Proposition B passes, but Proposition A fails.
The community eagerly anticipates the results of this election, as the decisions made could significantly shape the future of downtown San Antonio.
For up-to-date information and election coverage, stay tuned to Emegypt.
