Long-delayed Hemisfair development gets set for a reboot. Here are the details.
Josie Norris /San Antonio Express-News
Officials have attributed the holdup in part to negotiations over proposed revisions. They also cited the Tricentennial and Final Four events in 2018, developer NRP Group ending its involvement, a search for new housing developers and the coronavirus pandemic’s effects on financing and demand for office space.
Andres Andujar, HPARC’s CEO, said the nonprofit is paying its bills and did not receive money from the city’s general fund last year, but needs revenue from Zachry’s development and other projects to be financially solvent in the long term. The hotel, part of Hilton’s Curio Collection, would remain the same and there would be 65,000 square feet of retail and restaurant space.
The city would pay for $8 million worth of utility infrastructure through the TIRZ, which Zachry was to foot under the original deal.
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