Total voter turnout is estimated to sit around 17%, according to one political science professor from UTSA.
SAN ANTONIO — The future of a potential new Spurs arena could be decided in just hours. Supporters of Proposition B praise the measure as a forward-looking investment in downtown revitalization, while opponents argue it’s an unnecessary burden on taxpayers and public funds should be spent elsewhere.
If approved, Prop B would raise the city’s hotel venue tax to a maximum of two percent and extend the existing five percent car rental tax. City officials estimate the changes would generate about $311 million in revenue to help finance a new $1.4 billion arena for the San Antonio Spurs. Under a non-binding term sheet, the City of San Antonio and the Spurs organization would also contribute to the cost of the facility as part of the overarching venture known as Project Marvel.
Centro San Antonio President and CEO Trish DeBerry said the measure represents a vital opportunity to boost downtown’s economy and quality of life.
“This is the opportunity and the seminal moment that we have been waiting for,” DeBerry said. “Revitalize downtown, a lot more property taxes coming into the urban core that will then go back into the general fund and go to improved streets, drainage, sidewalks, parks.”
DeBerry acknowledged some residents might see a small increase in costs during hotel stays or rentals but argued the long-term benefits far outweigh the short-term impact.
“Will there be an occasion where a local pays an additional 50 cents more on a staycation? Sure,” DeBerry said. “But think about the long-term return on investment, that’s really a minimal amount compared to the benefits brought into downtown.”
Opponents, including leaders from local grassroots organization COPS/Metro, noted the proposal amounts to a taxpayer subsidy for wealthy team owners.
“This is about giving away public money for out-of-town billionaires,” said Debrah Garrett, a member of COPS/Metro.
Critics contend that public funds could be better spent on other priorities like cultural facilities, infrastructure improvements and community sports programs.
As Election Day approaches, both sides of the debate are making their final appeals to voters. A political science professor from UTSA anticipates voter turnout to be around 17%.
Results from the Prop B vote are expected to be among the most closely watched outcomes on election night.
Voters will also consider Proposition A, which would help fund nearly $200 million in renovations for the Frost Bank Center, Freeman Coliseum and overall stock show and rodeo grounds.