The chief legal officer and general counsel for Spurs Sports and Entertainment outlined the proposed funding structure for a new downtown San Antonio arena ahead of a key City Council vote Thursday and a public vote in November.

Bobby Perez described the funding as visitor-funded, clarifying it will not come from San Antonio residents.

“The funding for the arena is visitor funded based and will not be funded with San Antonio residents,” Perez said. “Visitor funds from the state of Texas can’t be used for streets, roads, sidewalks, police or fire. It can only be used for venues like the arena.”

Regarding concerns raised by Mayor Gina Ortiz Jones about the project potentially exceeding $489 million, Perez said the term sheet caps the city’s visitor funds at $489 million and the county’s a

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