Economic Development

The city council will vote on a non-binding memorandum of understanding with Bexar County and the San Antonio Spurs on Thursday that will allow in-depth negotiations to begin.

The San Antonio Independent School District has released a draft Memorandum of Understanding for the purchase of district land for the new Missions ballpark.

Major facilities in discussion for the district include the Spurs arena on the site of the Institute of Texan Cultures, a land bridge over IH-37 connecting the East Side to downtown, expansions to both the Henry B. Gonzalez Convention Center and the Alamodome, the addition of a new Convention Center hotel, a live entertainment venue in the John Woods Courthouse, and roughly 50 acres of mixed use residential and commercial development.

SAISD trustees voted to give the parties involved with the ballpark development until Dec. 9 to accept the terms or respond with a proposal of their own.

In September, Peter Sakai said a new minor league baseball stadium would bring the district millions of dollars in new revenue every year. But district officials said his projection did not use the Texas school funding formula.

Dozens of parents and community members cited traffic, pedestrian safety, and displacement as reasons for the board not to sell the land.

The proposed ballpark deal for the San Antonio Missions comes with no direct funding from the city or tax breaks, but some say it will cost taxpayers in the end.

After years of competing with each other for new businesses, Valley cities want to present a united front to highlight the region’s assets.

The City of McAllen is intent on developing over a beloved park that could cause severe flooding issues for colonia residents.

The City of San Antonio is increasing the money spent on support services in its Construction Mitigation Program to the tune of $400,000 next year.