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Spurs Fund Land Deal for Project Marvel | Texas News
San Antonio just pulled off a major real estate move—buying three federal parcels near Hemisfair for $30 million, funded entirely by the Spurs, to fuel Project Marvel. The land, including a federal office building and two parking lots, will be leased back to the federal government for up to five years. This strategic purchase clears a major hurdle for downtown development, especially the new Spurs arena, and marks a key milestone in the city’s vision for the entertainment district. The GSA is also pleased, having offloaded the surplus property five years ahead of schedule—making way for…
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