Leaders of several local chambers of commerce, the CEO of the San Antonio Hotel and Lodging Association, and the CEO of the San Antonio Visitor Alliance have all spoken in strong support of approving the Spurs terms sheet on Thursday morning.
Greater San Antonio Chamber CEO Jeff Webster said deals in the past over the Frost Bank and Alamodome were based on “promises,” but the proposed Spurs deal is based on much stronger “commitments.”
The Spurs would be contractually obligated to be ready to break ground on $500 million worth of private development around the proposed arena site before the city issues debt for its contribution to the arena.