Bexar County’s approval of the financing terms was the second step in the Missions’ owners’ plan to build a new stadium by Opening Day 2028.
Bexar County narrowly approved a public financing deal for a new downtown ballpark Tuesday, the second step in the San Antonio Missions ’ owners’ plan to build a new stadium by Opening Day 2028. Commissioners Court voted 3-1-1 to approve a memorandum of understanding and the financing terms of a deal with Designated Bidders LLC, the group that purchased the Double-A team in 2022.
Those bonds will largely be repaid using city and county property tax revenue generated by new construction around the stadium. Downtown developer Weston Urban said it will build apartments, a hotel, and retail and restaurant space — with an estimated taxable value of at least $575 million — around the stadium. That will require razing the 381-unit Soap Factory Apartments that it purchased last year, where the average rent is $900.
Designated Bidders LLC San Antonio Independent School District Major League Baseball San Antonio Missions Visit San Antonio Greater San Antonio Chamber Of Commerce Weston Urban Texas Organizing Project MOU Lodging Association Fox Tech High School San Antonio Express-News Peter Sakai Justin Rodriguez Grant Moody Missions Sofia Lopez Tommy Calvert Rebeca Clay-Flores David Smith Randy Smith Graham Weston Lopez Bexar County Soap Factory Apartments San Pedro Creek Culture Park Nelson W. Wolff Municipal Stadium San Antonio Hotel Quincy Street Garage Camaron Street Opening Day
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bexar County Commissioners Court approves $2.8 billion budgetThe Bexar County Commissioners Court unanimously voted on Tuesday to adopt a $2.8 billion budget for fiscal year 2024-2025.
Read more »
Bexar County commissioners OK $2.8 billion 'back to basics' budgetThe new budget, which kicks in Oct. 1, is $160 million less than the current $2.96 billion budget.
Read more »
Bexar County’s 2025 budget is tighter, but adds more deputiesBexar County approved its $2.8 billion 2025 budget, which adds 53 law enforcement officers and pay increases for staff and commissioners.
Read more »
Bexar County will grant one-year appraisal reprieve to property owners who successfully contested a valuationThe change won't apply to properties that made new improvements, or properties that have decreased in market value since the last appraisal.
Read more »
Fourth Bexar County jail inmate dies in six weeksInmate Paul Anthony Sarabia, 50, died Friday after a medical episode, BCSO officials said. He's the fourth Bexar County jail inmate to die in six weeks.
Read more »
Bexar County Jail inmate dies after suffering medical episode caused by substance withdrawals, authorities sayA Bexar County Jail inmate died after suffering a medical episode stemming from withdrawal symptoms, authorities said.
Read more »