San Antonio to discuss NBA's Spurs venue, Double-A Missions ballpark projects this week

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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).

Meanwhile, on Thursday, the city will “publicly discuss a multi-billion dollar sports and entertainment district they’ve been privately planning for a year-and-a-half, potentially including a new arena” for the Spurs. City staff will publicly brief San Antonio council members on the “initial plans for a sports and entertainment district centered around Hemisfair,” which would be “anchored by an expansion of the convention center, improvements to the Alamodome, a new event venue for downtown, a convention center hotel, and potentially a new arena” for the Spurs. San Antonio Assistant City Manager Lori Houston in an email to a real estate firm listed the “possible price tag” for the project at $3-$4B. It is “not clear yet if or how much of that might be supported by public tax dollars” (KSAT.com, 11/17).

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