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City approves incentive package for Spurs training center and research campus at La Cantera

The San Antonio City Council approved an agreement with the San Antonio Spurs organization Thursday to contribute up to $17 million in tax rebates for a proposed new development and practice facility on the far Northwest Side.

The Chapter 380 Economic Development Grant Agreement with Spurs, Sports & Entertainment (SS&E) includes a 20-year, 60% tax rebate and a five-year recapture period to support construction of a total $510 million Human Performance Research Center (HPRC) and other public and commercial spaces.

 

Read more about the development plans here, by Shari Biediger with the San Antonio Report.