SAN ANTONIO — The future of a potential new Spurs arena could be decided in just hours. Supporters of Proposition B praise the measure as a forward-looking investment in downtown revitalization, while opponents argue it’s an unnecessary burden on taxpayers and public funds should be spent elsewhere.
If approved, Prop B would raise the city’s hotel venue tax to a maximum of two percent and extend the existing five percent car rental tax. City officials estimate the changes would generate about $311 million in revenue to help finance a new $1.4 billion arena for the San Antonio Spurs. Under a non-binding term sheet, the City of San Antonio and the Spurs organization would also contribute to the cost of the facility as part of the overarching venture known as Project Marvel.
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