San Antonio’s ambitious Project Marvel, a proposed downtown redevelopment plan with a potential price tag of up to $503 million, is facing growing criticism over the numbers used to justify it. With voter approval still months away, the debate over its economic viability is heating up.

The proposal includes major upgrades for the Spurs, enhancements to the city’s rodeo facilities, and the creation of a multi-use downtown arena designed to anchor new development. However, public advocacy groups are questioning the consultant’s economic forecast, calling it “deeply flawed” and pointing out missing datasets and a lack of transparency.

The stakes are high. If voters approve the measure in November 2025, San Antonio could see a surge in downtown revitalization, with potential ripple effects on local housing markets. New condos, mixed-use developments, retail corridors, and entertainment hubs could follow, bringing fresh energy to the city’s urban core.

On the flip side, uncertainty surrounding the project could cause investors to hit pause, delaying any immediate impact on property values and redevelopment efforts.

Why This Matters for San Antonio Real Estate

If Project Marvel moves forward, it could significantly increase demand for downtown living and investment properties. Proximity to entertainment, sports, and cultural venues often boosts property values, while mixed-use development tends to attract both residents and businesses. For homebuyers and investors, keeping an eye on the ballot outcome will be key in anticipating market shifts.

📌 Timeline: Voters will decide on the measure in November 2025.

📌 Potential Impact: Increased property values, new development opportunities, and greater demand for downtown residences if approved.

📌 Risk Factor: Public skepticism could slow or block the project, delaying potential economic benefits.

For full details on the concerns being raised, see the original San Antonio Express-News coverage.

Frequently Asked Questions

Q: When will voters decide on the Spurs arena project?
A: The measure is scheduled for the November 2025 ballot.

Q: Is this the same as the current Spurs arena?
A: No. This is a proposed new downtown facility designed for multiple uses, beyond basketball.

Q: Could public criticism delay or stop the project?
A: Yes. If concerns about the economic forecast reduce public trust, approval and funding could be at risk.

Q: How might this impact real estate in downtown San Antonio?
A: If approved, it could spark increased demand for downtown housing, retail spaces, and mixed-use developments, potentially boosting property values.

📲 Want to learn more about how projects can affect your home’s value or buying decisions?
Text Tami at 210-620-6681 or follow @tamisellssanantonio for the latest real estate and community updates in Greater San Antonio.

Tami Price, Realtor® | Broker Associate | Real Broker, LLC