San Antonio/ Real Estate & Development
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Published on June 19, 2024
Bexar County Moves to Keep San Antonio Missions with Potential Downtown Stadium DealSource: Wikipedia/b r e n t from Orange, Calif., CC BY 2.0, via Wikimedia Commons

The San Antonio Missions' future in the city might hinge on a new downtown stadium deal, following unanimous voting by Bexar County leaders to let Judge Peter Sakai draw up a formal letter of intent that could stave off the team's displacement by Major League Baseball, as reported by the San Antonio Report. The minor league team, under threat of forced relocation after August 1 without progress on facilities meeting MLB standards, sees this move as buying critical time.

During a Tuesday session, kept hush until the last moment, discussions occurred behind closed doors and resulted in Judge Sakai confirming the meeting's outcomes afterward, acknowledging the public-private partnership's possibility to finance the stadium, yet he remained tight-lipped about the county's contribution level, wanting to ensure substantial private sector and ownership equity sharing the economic load, he said, according to the San Antonio Report.

Despite the general apprehension surrounding publicly funded sports venues, which often attract criticism for their burden on taxpayers, Judge Sakai justified the secretive nature of the negotiations, citing the interests of private property rights and possible implications for the city and county's financial liabilities, private property rights, or future public economic commitments.

In a concept still in its preliminary stages, Sakai hinted at funding options like a visitor's tax or a tax reinvestment zone in partnership with San Antonio City, although Mayor Ron Nirenberg has earlier expressed opposition to public funding for such a stadium project, several potential strategies are on the table with the letter of intent excluding the city's involvement, the ballpark's notion still wafts tentatively in the realm of public discourse.

The Missions' new ownership group, which includes MLB legends and local civic leaders, seems encouraged by the county's step towards negotiating a stadium plan, said Bob Cohen, a board member of Designated Bidders, who bought the team in 2022, and while they haven't publicly confirmed the MLB-imposed deadline Sakai mentioned, Cohen noted readiness to present a public plan once agreed upon, the San Antonio Report states.

The strategic location of the proposed stadium in the downtown core, close to tourism and burgeoning development, is underscored by recent land purchases by Weston Urban near San Pedro Creek, the area pinpointed by Sakai for the desired stadium locale, something the commissioners’ recent vote to amend the Bexar County Community Arena Freeman Coliseum Agreement might facilitate, clearing the path for new athletic infrastructural developments.