Takeaways by Bloomberg AI
- Voters in Bexar County approved Proposition B, permitting the county to raise the hotel-occupancy tax to help finance a new downtown arena for the Spurs team.
- The Spurs plan to contribute about $500 million toward the construction of the arena, while San Antonio will contribute $489 million, with the Spurs responsible for any cost overruns.
- The approved proposal will also help fund renovations to facilities surrounding the current arena, and moving the NBA team downtown would free the Rodeo to expand its operations.
Bloomberg Pursuits
By Aashna Shah
November 5, 2025