Downtown San Antonio could soon experience its most significant transformation in decades. This November, Bexar County voters will decide whether to approve a $1.3 billion proposal to fund a new San Antonio Spurs arena and an adjacent entertainment district. 

The proposal’s funding would come from hotel occupancy and rental car taxes—not property taxes—making it a city-wide investment without direct cost to homeowners. 

While headlines focus on basketball, the bigger story is how this project could reshape tourism, job creation, and real estate development throughout downtown San Antonio. 

What We Know About the Spurs Arena Proposal 

According to San Antonio Express-News, the proposed arena would be a state-of-the-art multiuse facility designed not only for Spurs games but also for concerts, major sporting events, and conventions. 

The project would anchor a larger downtown entertainment district, envisioned as a year-round destination to attract both locals and visitors. 

• Supporters say it could boost tourism, create new jobs, and revitalize the city’s urban core. 

• Opponents question whether public funding—regardless of tax source—should support a sports venue. 

Either way, the proposed arena represents a transformational investment that could ripple across San Antonio’s housing and commercial markets. 

How Major Projects Like This Impact Real Estate 

Large-scale developments like arenas reshape more than city skylines—they redefine local real estate patterns. Here’s how: 

• Rising property values: Homes and condos near new entertainment districts often appreciate faster due to increased visibility and demand. 

• Residential growth: New apartments, mixed-use projects, and short-term rentals typically emerge around large venues. 

• Investor appeal: Real estate investors and relocation buyers often move quickly to secure property in areas poised for redevelopment. 

• Infrastructure improvements: Upgrades to roads, lighting, and public transportation enhance livability and long-term community value. 

Downtown San Antonio already attracts young professionals, downsizers, and investors, and a modern arena could accelerate that trend—spurring condo, loft, and townhouse development across the city’s core. 

Why Downtown Matters in San Antonio Real Estate 

Historically, downtown San Antonio has trailed cities like Austin and Dallas in residential development. But that’s rapidly changing. 

• The Pearl District and Broadway Corridor have proven that buyers are drawn to urban living with culture, restaurants, and amenities nearby. 

• Attractions like the River Walk and The Alamo drive tourism, but lasting growth comes from adding permanent lifestyle amenities such as entertainment and walkable retail. 

• Walkability sells: Areas that combine entertainment, dining, and easy transit access often command higher prices per square foot. 

If the Spurs arena moves forward, expect new housing options, higher density, and elevated property values across downtown and the surrounding districts. 

Expert Insight from a Local Realtor® 

According to Tami Price, Realtor®, “Large-scale projects like this shift buyer perception. Suddenly, downtown isn’t just about tourism—it’s about lifestyle. Condos, townhomes, and mixed-use spaces become more appealing to both buyers and investors.” 

Tami adds that developments of this scale often attract corporate relocations and military buyers accustomed to walkable, urban environments in other cities. “It’s the kind of growth that positions downtown San Antonio as a true live-work-play destination.” 

Practical Takeaways 

• Homeowners: Expect ripple effects across nearby property values, particularly near Broadway, The Pearl, and downtown neighborhoods. 

• Buyers: Watch for early opportunities in condo and mixed-use projects tied to the arena district—these often deliver the strongest long-term equity. 

• Sellers: If you own property downtown or nearby, emphasize proximity to future development in your marketing strategy. 

The Bottom Line 

Whether you’re a Spurs fan or simply invested in San Antonio’s future, the $1.3 billion arena proposal could reshape the heart of the city. From lifestyle amenities and job creation to real estate appreciation, this project has the potential to redefine how residents and investors view downtown San Antonio. 

Frequently Asked Questions

Q: Will the new Spurs arena raise property taxes? 
A: No. The proposal is funded through hotel and rental car taxes, not homeowner property taxes. 

Q: Where will the arena be built? 
A: A downtown site has been proposed, with final details pending voter approval. 

Q: How could this affect downtown home prices? 
A: Increased demand and new construction could raise prices, particularly for condos and townhomes within walking distance of the entertainment district. 

Q: Is downtown San Antonio a good investment? 
A: Yes. With ongoing revitalization and major projects like this one, downtown offers strong long-term potential for appreciation and rental demand. 

📲 For expert insight on buying, selling, or investing in the downtown San Antonio market, contact Tami Price, Realtor®. 

Tami Price | Broker Associate | Real Broker, LLC 
Greater San Antonio Realtor®