Judge Peter Sakai will highlight Project Marvel during his State of the County address at the Westin Hotel.
BEXAR COUNTY, Texas — Staff members from the San Antonio Spurs and the San Antonio Stock Show and Rodeo are joining Judge Peter Sakai for his State of the County address.
The annual address is taking place at the Westin Hotel on the northwest side of San Antonio Wednesday morning.
The judge is likely to make Project Marvel, the plan to build a sports arena and entertainment district downtown, the central focus of the address. The county and supporters of the project have been holding town hall meetings for Proposition A and Proposition B, which are related to Project Marvel.
Prop A would fund upgrades to the Frost Bank Center and Freeman Coliseum. County leaders see this is an important step in the possible move of the Spurs to downtown, in order to keep the Frost Bank Center fresh and able to attract large events. That will be funded with $193 million from hotel and rental car taxes, which will mostly be paid by tourists.
Prop B is for the county to give $300 million to help build the new Spurs arena downtown as part of Project Marvel. This would also come out of the venue tax applied to hotels and rental cars.
The new arena would cost around $1.3 billion total. The city would fund $489 million, also through hotel and tourism-related taxes. The rest is expected to be paid through the Spurs paying the city rent for the new arena and property taxes from new construction downtown.
The election for those two propositions will take place Tuesday, Nov. 4.
The State of the County address is at 8 a.m and will be livestreamed in this article.