The vote on funding for Project Marvel, the proposed sports and entertainment district in downtown San Antonio, has been postponed.

City Manager Erik Walsh previously told council members that staff was working on a non-binding term sheet with the Spurs for the council to consider on Aug. 21.

Now, the proposal could be considered as soon as Aug. 27, according to a statement from Walsh obtained by KSAT.

The sheet includes the specific contributions from the city, county and Spurs as well as a total estimated cost.

“The city has made significant progress in negotiations with the Spurs this week,” Walsh said. “Discussions have been productive, and both sides are close to finalizing terms that align with the financing structure previously shared with city council.”

Funding plan & voter in

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