Project Marvel NBA Arena

planned

The San Antonio Spurs announced a commitment of over $1 billion towards Project Marvel, which includes the construction of a new downtown arena and surrounding development in San Antonio. The investment includes $500 million for a new state-of-the-art arena with guaranteed coverage of cost overruns by SS&E, $500 million in adjacent private downtown development, and $60 million in additional community incentives such as education, affordable tickets, and small business support. The Spurs will continue to play at Frost Bank Center until the end of their lease in 2032. The proposal also includes community-focused initiatives like awarding 30 percent of construction contracts to locally owned San Antonio businesses, free VIA Park & Ride transportation for up to 2,000 fans per game, 500 tickets priced at $25 or less for every home game, and funding for a new early childhood education and childcare program.