San Antonio Mayor Gina Ortiz Jones is calling for a re-vote on the city’s $489 million contribution to the proposed downtown sports and entertainment district, known as Project Marvel. In a memo to the San Antonio City Council, Jones cited the city’s affordability crisis, budget deficit, and downtown infrastructure bond issues as reasons for the proposed re-vote.
Background
The economic environment in San Antonio has shifted since voters approved Project Marvel funding in last November’s election. Jones stated that the city is facing a $158 million budget deficit and that the Spurs’ choice not to entertain a revenue-sharing agreement has raised concerns about the project’s financial viability.
Jones also noted that Bexar County voters should have the opportunity to vote on Project Marvel twice, as they contribute to both the city and county’s portion of the downtown entertainment district. The deadline to add a new proposition to the November ballot is August 17.
Original reporting: San Antonio, TX News (HLL/CB) — read the source article.
