Forgotten article where Spurs promise development on San Antonio's East Side recirculates on social media
An article from 23 years ago, featuring former Spurs Chairman Peter Holt, has resurfaced on social media, drawing attention to unfulfilled promises for economic development on San Antonio's East Side. In the article, Holt expressed hope that the new SBC Center would spur revitalization, stating, “We have purposefully tried not to over-promise. ” Activists are now using this historical context to caution against the Spurs' proposed $4 billion Project Marvel, aimed at creating a sports-and-entertainment district anchored by a new arena. They argue that similar promises surrounding the Alamodome never materialized due to non-binding agreements. A recent political advertisement claims the Spurs will invest $2.
1 billion in surrounding development, but experts, including economist Andrew Zimbalist, express skepticism about the Spurs' commitment. Zimbalist questions the adequacy of the current agreements, fearing that loopholes may permit the team to backtrack on their promises. Community advocates emphasize the importance of fulfilling previous commitments before embarking on new projects. The ongoing debate highlights the tension between local development ambitions and the need for accountability from the Spurs organization.