San Antonio City Council tentatively agrees to funding deal for new Spurs arena
San Antonio City Council voted 7-4 Thursday in favor of moving forward with a term sheet negotiated between City Manager Erik Walsh and Spurs Sports & Entertainment (SS&E) that lays out financing for a new downtown Spurs arena. Mayor Gina Ortiz Jones, District 6 Councilman Ric Galvan, District 5 Councilwoman Teri Castillo and Interim District 2 Councilman Leo Castillo-Anguiano voted against the measure. Under the non-binding term sheet, the city is on the hook for $489 million for a new arena.
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