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Project Marvel Downtown Arena

Sector: Hotel • Location: San Antonio, Texas, United States

Source: The Business Journals

Project
Planned

Project Marvel is a proposed $1.5 billion downtown sports and entertainment district in San Antonio centered on a new NBA arena. The development is planned for the Hemisfair area and aims to reshape the city's urban core. The funding structure relies on visitor taxes and private investment without increasing local resident tax burdens. The project emphasizes a public-private partnership model simi

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Project Information

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The project “Project Marvel Downtown Arena” is an infrastructure initiative in the Hotel sector, located in San Antonio, Texas, United States. Taiyo aggregates data on it from The Business Journals.

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Planned

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Description

Description

Project Marvel is a proposed $1.5 billion downtown sports and entertainment district in San Antonio centered on a new NBA arena. The development is planned for the Hemisfair area and aims to reshape the city's urban core. The funding structure relies on visitor taxes and private investment without increasing local resident tax burdens. The project emphasizes a public-private partnership model similar to the Frost Bank Center, with funding from visitor fees such as car rentals and hotel stays. Additional funding sources under consideration include special tax zones, arena lease revenue, and ground leases for nearby private development. The project timeline calls for financial details to be finalized within 60 days, with a possible public vote in November.

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High

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More Details

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