The Spurs arent leaving San Antonio, even if the arena vote fails in November, experts say
The San Antonio City Council approved a $1. 3 billion arena plan for the Spurs, with $489 million from the city and $311 million from Bexar County. Councilwoman Phyllis Viagran expressed concerns over the team's potential departure, referencing Seattle's loss of the Supersonics. Experts argue that even if the November vote fails, the Spurs would likely pursue a revised financial agreement rather than relocate. Political scientist Jon Taylor suggested that affluent San Antonio residents could fund the project if needed.
The Spurs' lease at the Frost Bank Center extends until 2032, providing ample time for further negotiations. Economists, including Andrew Zimbalist, noted that the NBA is cautious about allowing teams to leave cities, as it could harm relationships with local governments. The process of relocating is complex and expensive, requiring a suitable market and new arena negotiations. San Antonio's economic conditions, including a lack of corporate presence, make it less attractive for relocation, despite interest from other cities.