Spurs announce plans to build a new stadium, which is expected to cost between $1.2 billion and $1.5 billion

July 28, According to local San Antonio media reports, the Spurs announced plans to build a new stadium, which is expected to cost between $1.2 billion and $1.5 billion. The Spurs have committed $500 million to the project and guaranteed any overspending expenses. The other parts (expected) allocate 170 million yuan to county venue taxes and 500 million yuan to urban funds.

It is reported that the investment of the city and county has not yet been finalized, and the final amount may change. Importantly, no funds will come from local taxpayers, and the Spurs have promised that they will bear any additional costs.