The San Antonio City Council approved an agreement with the San Antonio Spurs organization Thursday to contribute up to $17 million in tax rebates for a proposed new development and practice facility on the far Northwest Side.
The Chapter 380 Economic Development Grant Agreement with Spurs, Sports & Entertainment (SS&E) includes a 20-year, 60% tax rebate and a five-year recapture period to support construction of a total $510 million Human Performance Research Center (HPRC) and other public and commercial spaces.
Read more about the development plans here, by Shari Biediger with the San Antonio Report.