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  #141  
Old Posted Nov 3, 2014, 7:10 PM
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SAN ANTONIO'S FIRST 100 MILLION DOLLAR TOWER SALE LOOMING



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A pending contract for the sale of Bank of America Plaza will set a new record for the price of a downtown office tower in San Antonio, with the Houston buyers reportedly paying more than $100 million.

Bank of America Plaza, located at 300 Convent St., is the city’s sixth tallest building at 28 stories and largest Class A office space with 533,171 sq. ft. It opened in 1984 as Interfirst Bank Plaza. Tenants include the Bank of America, OCI Solar, and some of the city’s most prominent law firms, including Aiken Gump Strauss Hauer & Feld; Norton Rose Fulbright; and Martin & Drought.

At nearly $200 per sq. ft., the unconfirmed price cited by local commercial real estate brokers who are not part of the transaction, the building would be valued at more than $100 million, far and away the highest price ever paid for a downtown office tower in San Antonio.
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  #142  
Old Posted Nov 3, 2014, 10:54 PM
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A group of Japanese investors will meet with San Antonio city officials today to discuss investing in a Major League Soccer team in San Antonio, Newsradio 1200 WOAI reports.

The investors will discuss the possibility of purchasing or paying for a proposed expansion of Toyota Field, which is located on the city's far north side and is noW home to the San Antonio Scorpions, a minor league franchise which helps provide a revenue stream to the Morgan’s Wonderland theme park for the disabled, which is located next door. The Scorpions, the stadium, and the theme park are owned by Gordon Hartman.

"To do this, they would be investing over $100 million," Hartman told Newsradio 1200 WOAI's Michael Board. "They are looking for the city to help in some fashion, maybe on the stadium purchase."

Major League Soccer is in the process of expanding in the U.S., but San Antonio is said to be well down the list of potential expansion sites. An investment of this scale could vastly enhance the city's fortunes.

"There is a potential window of opportunity here to move this to the next level," Hartman said. "I think that is exciting."

The move by the Japanese investors comes at a time when the city is juggling a lot of sports possibilities. The Oakland Raiders are still in play, although that is considered a longer shot for San Antonio than attracting an MLS franchise. The city has also submitted bids for future men's NCAA Final Four basketball tournaments.

Hartman says the soccer venture would involve a lot of involvement from the Japanese, who would be far more than silent partners.

"One of the gentlemen who is part of this group is a very well known soccer player worldwide," Hartman said. "He would be very much involved in what is done here in San Antonio."
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  #143  
Old Posted Nov 5, 2014, 5:24 PM
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To clarify, $100M would be the cost (outside of stadium renovations) to move the team from the current NASL to MLS.

There is a buy-in figure to join the league (NYCFC recently paid $100M) and considerable additional operating costs and infrastructure (hiring, etc) that are required to make that move.

As it pertains to the stadium, they are asking the city to buy the stadium and pay for the expansion. The Japanese group would then lease the stadium (hoping for the typical sweetheart deal) in order to operate the MLS-level club.
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  #144  
Old Posted Nov 5, 2014, 7:20 PM
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Quote:
Originally Posted by sakyle04 View Post
To clarify, $100M would be the cost (outside of stadium renovations) to move the team from the current NASL to MLS.

There is a buy-in figure to join the league (NYCFC recently paid $100M) and considerable additional operating costs and infrastructure (hiring, etc) that are required to make that move.

As it pertains to the stadium, they are asking the city to buy the stadium and pay for the expansion. The Japanese group would then lease the stadium (hoping for the typical sweetheart deal) in order to operate the MLS-level club.
The group wants the city to buy the stadium, not pay for the expansion. Also, Hartman is valuing the stadium at $30 million, not the group.
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  #145  
Old Posted Nov 5, 2014, 10:23 PM
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Quote:
Originally Posted by sirkingwilliam View Post
The group wants the city to buy the stadium, not pay for the expansion. Also, Hartman is valuing the stadium at $30 million, not the group.
That is my understanding as well. The city buys the stadium for 30 mil, leases to the Japanese group, and the group pays for expansion.
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  #146  
Old Posted Nov 6, 2014, 3:25 AM
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$100M is to gain entrance to MLS.

A brand new stadium can be had from scratch for approx $70-90M, so that's not the stadium expansion cost. It is the expansion fee from the league plus start-up costs with the jump.

http://en.wikipedia.org/wiki/San_Jos...quakes_Stadium
http://en.wikipedia.org/wiki/BBVA_Compass_Stadium
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  #147  
Old Posted Nov 6, 2014, 6:03 AM
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NATIONAL FOOD TRUCK CONFERENCE TO TAKE PLACE THIS WEEKEND IN SAN ANTONIO


PICTURE: RICKSHAW STOP FOOD TRUCK PARKED AT THE EILAN MIXED-USE DEVELOPMENT IN FAR NORTHWEST SAN ANTONIO

Quote:
The Roam Mobile Food Conference is rolling into town next week and in its second year, the event looks to provide information about best practices, innovations and trends in the mobile vending industry.

The two-day conference will run Nov. 8-9. All events will be held at the Embassy Suites Hotel, 125 E. Houston St.

Sessions will focus on industry issues such as business planning, funding and franchising. Guest speakers include Meagan and Sameer Siddiqui of San Antonio's Rickshaw Stop food truck.

Check out the full line-up here.

Cost to attend the entire conference is $250 until Nov. 7. Onsite registration is $280. Tickets to pre-conference workshops are $25 and admission to the exhibit only is $35 in advance or $50 onsite. More ticket info can be found here.
San Antonio has about 170 food trucks and 6 food truck parks.
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  #148  
Old Posted Nov 6, 2014, 6:17 AM
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Quote:
Originally Posted by sakyle04 View Post
$100M is to gain entrance to MLS.

A brand new stadium can be had from scratch for approx $70-90M, so that's not the stadium expansion cost. It is the expansion fee from the league plus start-up costs with the jump.

http://en.wikipedia.org/wiki/San_Jos...quakes_Stadium
http://en.wikipedia.org/wiki/BBVA_Compass_Stadium
Dan McCarney, of the Express-News, knows about the situation just about as well as anyone and he says the $100 million is for stadium expansion and expansion fee.
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  #149  
Old Posted Nov 15, 2014, 6:27 AM
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Well, $50 million worth of upgrades and improvements are coming to the Alamodome because...


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The NCAA announced Friday that San Antonio will host the 2018 NCAA Men's Basketball Final Four, the first Final Four to be held in the Alamo City since 2008.

The announcement was televised Friday afternoon on the CBS Sports Network. Officials also revealed that Phoenix will host in 2017, Minneapolis the 2019 tournament and Atlanta will have the Final Four in 2020.

Four other cities, all with Final Four history, also were in the running for the tournaments from 2017 to 2020. All of the finalist cities made in-person presentations this week in preparation for the NCAA's decision.

"This is great news and I want to thank the NCAA for selecting San Antonio as a site for the Men's Final Four and confirming that San Antonio is one of the best cities in the nation—if not the best city—for hosting a Final Four," San Antonio Mayor Ivy Taylor said. "I want to thank and commend the hard work of the San Antonio Local Organizing Committee which includes UTSA, San Antonio Sports and our City staff. Once again, all that makes San Antonio special will be showcased across the country and around the world."

The eight finalists -- San Antonio, Atlanta, Indianapolis, Minneapolis, New Orleans, North Texas, Phoenix/Glendale and St. Louis -- have combined to hold 24 previous men's Final Fours.

This year's Final Four was at Cowboys Stadium in Arlington; Indianapolis will host in 2015, and Houston will host in 2016.

"The Men's Final Four has grown into one of the biggest and best sporting events in the world, so it's easy to understand why these cities would put their best foot forward in attempt to secure a bid," said Dan Gavitt, the NCAA vice president for men's basketball.

San Antonio bid officials held a "Bring it! River Rally" at the Rivercenter Mall Lagoon in September to show visiting NCAA officials that San Antonians would turn out to support the event. Supporters tweeted photos and videos with #BringItSA and #KENS5for4 to share their excitement.

"NCAA fans love coming to San Antonio for this marquee event and our city has the perfect setup for all the Final Four has to offer," said San Antonio Sports President & CEO Russ Bookbinder. "We look forward to hosting an outstanding event that is so much more than a basketball game."

The tournament is a true money maker. The 2008 Final Four in San Antonio generated more than $55 million for the city.

San Antonio has hosted three previous Final Four tournaments in all, and it also has been the site for other NCAA tournament early-round games.
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  #150  
Old Posted Nov 15, 2014, 7:33 AM
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Quote:
By Tim Griffin
November 14, 2014

When NCAA Men’s Final Four committee chairman Scott Barnes left San Antonio in September, the enthusiasm for bringing his event back to the Alamo City kept ringing in his ears.

It was only bolstered after fans implored him to “Bring It” during a memorable pep rally at Rivercenter mall that Barnes said Friday was one of the highlights of judging contenders for the event across the country.

“Thousands of people turning out chanting for us to bring the Final Four back put it all in perspective,” Barnes said. “The passion of the city embracing the event was obvious as soon as we got there.”

Barnes and his committee lived up to those wishes Friday, as they returned the NCAA’s signature event to the city in 2018.

A $45 million proposed face-lift to the Alamodome also helped convince them. It will provide a doubling of space on the Alamodome’s concourses, improved video walls and extensions in space for media and locker rooms in the facility.

Those upgrades helped bolster a strong bid that already included the city’s new convention center and renovations at HemisFair Park and International Airport.

City Manager Sheryl Sculley said the event will be on a much larger scope than the last time it came to San Antonio, in 2008. With a fan fest, outdoor concerts and other ancillary events, it will provide one largest downtown events in the city’s history as it celebrates San Antonio’s 300th anniversary in 2018.


The city’s ability to stage the event in a tight downtown “footprint,” was another major strength. The city’s bid included 13,000 hotel rooms in the downtown area and the ability for spectators to walk to most events.

Mayor Ivy Taylor said that San Antonio’s history of staging memorable Final Fours will be trumped by an even grander show when it returns.

“I’d like to thank the NCAA for acknowledging what we’ve always known, that San Antonio is the best city in the nation to host the Final Four,” Taylor said. “We’ve always known that fans and coaches have always said that San Antonio is their favorite place to attend the Final Four. We’re thrilled that the 'Road to San Antonio’ will again be a well-known phrase.”

The announcement also represents a vindication for the 21-year-old Alamodome, which wasn’t the newest, biggest, brightest or shiniest facility among the finalists.

“I think it gives it new life and helps move San Antonio to a whole new level as a sports city,” UTSA athletic director Lynn Hickey said. “With all of the things going on at HemisFair Plaza and the convention center and to the dome, it will open it up not only for this opportunity, but for more of everything.”

But Taylor wasn’t willing to say if the improvements would significantly improve the city’s chances of luring an NFL franchise one day.

“I guess that’s a possibility,” she said. “We’ve got some irons in the fire and we’ll see how it all shakes out.”


Based on figures generated by the Men’s Final Four staged earlier this year in North Texas, the event is expected to have an economic impact of at least $85 million. It will be staged in an Alamodome, which will have improved technology and will be configured to seat 72,000.
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  #151  
Old Posted Nov 16, 2014, 9:00 PM
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Awesome! Great news!!!
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AUSTIN (City): 974,447 +1.30% - '20-'22 | AUSTIN MSA (5 counties): 2,421,115 +6.03% - '20-'22
SAN ANTONIO (City): 1,472,909 +2.69% - '20-'22 | SAN ANTONIO MSA (8 counties): 2,655,342 +3.80% - '20-'22
AUS-SAT REGION (MSAs/13 counties): 5,076,457 +4.85% - '20-'22 | *SRC: US Census*
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  #152  
Old Posted Nov 17, 2014, 2:58 AM
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Here's a video about the expansion of the Alamodome and convention center.

Video Link
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  #153  
Old Posted Nov 18, 2014, 5:56 PM
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Thank you for posting that video. That was really cool. Just came back "home" for a few days last week and explored around town a little on my last day in town. It's amazing how much has changed in just the past 2 years downtown. I'm absolutely loving it! Also went by the Fred-Med intersection. That's coming along nicely.

Can't wait to come back in February, San Antonio!
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  #154  
Old Posted Nov 21, 2014, 7:29 PM
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RENDERING OF THE PLANNED METHODIST HOSPITAL EXPANSION IN THE MEDICAL CENTER

Quote:
W. Scott Bailey
Reporter/Project Coordinator-
San Antonio Business Journal


The economic impact of San Antonio's leading industry — health care and the biosciences — is now $30.6 billion annually, based on 2013 data, according to a new study by Trinity University professors Richard Butler and Mary Stefl.

That's a significant increase compared to 2012, when the estimated economic impact of the industry was $23.5 billion.

Ten years ago, back in 2003, the economic impact of the industry was less than $12 billion.


More than 32 percent of the economic impact from health care and the biosciences is driven by the city's highly competitive hospital sector.
Pharmaceutical, research and education activity accounts for another 21 percent of the estimated impact.

According to the study, employers in the health care/bioscience industry paid out nearly $8 billion in wages in 2013. More than one in six San Antonio workers are employed by the industry.

Over the last decade, the economic impact from San Antonio's hospital sector has increased by 130 percent. That growth rate can be tied to a number of factors, including continued infrastructure expansion. Methodist Healthcare, for example, has continued to invest in its infrastruture. The health care system and has begun work on a $250 million project that will involve the expansion of two of its South Texas Medical Center hospitals.

In the last 10 years, San Antonio's health care and biosciences industry has added more than 41,500 net new jobs — an increase of 40 percent.
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  #155  
Old Posted Nov 21, 2014, 7:54 PM
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Webcam is up for the Methodist Hospital expansion.

https://m.oxblue.com/open/Skanska/MHE
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  #156  
Old Posted Nov 23, 2014, 9:52 PM
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Originally Posted by Runner View Post
Not going to happen. Why? The Alamodome is to outdated for an NFL team to play there. It would have to be demolished and a new billion dollar stadium put in its place. More than likely they will move to LA.
It's been known and was pitched to the Raiders that the Dome (now with soon to be major upgrades) would be a temporary venue until a new stadium is built within a couple of years of relocation.
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  #157  
Old Posted Nov 23, 2014, 11:06 PM
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Originally Posted by sirkingwilliam View Post
It's been known and was pitched to the Raiders that the Dome (now with soon to be major upgrades) would be a temporary venue until a new stadium is built within a couple of years of relocation.
Raiders already said they weren't coming here
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  #158  
Old Posted Nov 24, 2014, 4:04 AM
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Originally Posted by trillhippy_210 View Post
Raiders already said they weren't coming here
That's not true at all.
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  #159  
Old Posted Nov 24, 2014, 7:20 AM
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  #160  
Old Posted Nov 24, 2014, 1:48 PM
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The NFL will never let it happen. Especially while LA has no team.
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