Could the San Antonio Spurs be about to splurge on a new arena for downtown San Antonio? We are hearing rumbles that this could be the case, with the arrival of star rookie forward Victor Wembanyama perhaps being part of the impetus to get a newer, better location to put some butts in seats to see the Wemby experience live.
Per Fox San Antonio’s Matt Roy, the Spurs’ parent company, Spurs Sports & Entertainment (SS&E), has let it be known that they are in the midst of an “economic development project” to be located at the site of the current Institute of Texan Cultures (ITC), which is owned by the University of Texas – San Antonio.
Writing the State Attorney’s office about the project, SSE said “The documents in the request relate to the possible purchase, lease, and/or development of real property that involve SS&E, the city, and additional third parties to the economic development project.”
Would Warriors vet sharpshooter Klay Thompson make sense as a free agent target for the Spurs? https://t.co/Ud5xNjqzCq pic.twitter.com/0dnrdZqozZ
— SpursWire (@Spurs_Wire) April 20, 2024
“The location of the property has not been publicly disclosed and the terms of the project and any resulting agreement involving the location identified have not been agreed upon or finalized,” they add. “Prematurely disclosing the location of these properties will adversely affect all parties’ planning and negotiating positions including SS&E’s.”
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