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The San Antonio Independent School District last night voted 7-0 to approve the term sheet to sell a 2.3-acre plot of land to the Double-A Pacific Coast League San Antonio Missions to be used for a new ballpark. The SAISD approve a “hefty set of terms” for handing over the property, which sits in the middle of the proposed site for the proposed ballpark. The terms include:
- Funding for a $45M building for the Advanced Learning Academy.
- Guarantee at least 1,250 affordable housing units built within the district.
- Construction of a new parking garage at the Northern corner of the proposed stadium site.
- $400,000 per year to make up for not opening up the property to a competitive sale.
- Spots on the Houston Street Tax Reinvestment Zone (TIRZ) Board.
The vote authorizes Superintendent Jaime Aquino to “send the new terms to Designated Bidders” — the ownership group of the Padres’ AA-affiliate — as well as to Weston Urban, the city of San Antonio and Bexar County. The board also set a Dec. 9 deadline for the parties to send back a response, which SAISD trustees “hope to consider” at their Dec. 16 meeting.(KSAT.com, 11/19).
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