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City emails show early plans for $4B sports and entertainment district in downtown San Antonio

What will it cost to build a new Spurs arena and an entertainment district in downtown San Antonio? Emails from the city show an ambitious price tag as the city tries get the Spurs back to their roots at Hemisfair.

In fact, the project has an impressive code name — Project Marvel — and it has big price tag as well, an estimated $3-4 billion to transform the southeast part of downtown.

Records obtained by KSAT from an open records request show that in June 2023, city of San Antonio Asst. Manager Lori Houston emailed several real estate and consulting companies saying the city was “exploring the development of a sports and entertainment district.”

In a specific email to a commercial real estate firm, Houston wrote on behalf of the city saying, “We are in the feasibility phase for a $3-4 billion sports and entertainment district.” In an another email thread from Houston to Johnson Consulting, the CEO of the company wrote back saying they “just finished working with UTSA on all of their sports facilities so we are fairly dialed in.”
Houston and the city then emailed a series of non-disclosure agreements to those companies and records show a virtual meeting was planned for June 23, 2023.

The NDAs are where the code name Project Marvel first appears. The city requested any information related to Project Marvel remain confidential.