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SPURS JOIN THE LONG LIST OF TEAMS LOOKING FOR A NEW ARENA
Published July 5, 1995
Spurs Board Chair Robert McDermott said yesterday the team needs a new arena "to avoid economic pressures that might lead to the NBA franchise's departure from San Antonio," writes Jerry Briggs in this morning's SAN ANTONIO EXPRESS-NEWS. McDermott, who said his statements should not be taken as "a threat": "San Antonio in the long run needs an up-to-date arena. Otherwise the team will probably go (to another city). When investors bought the team, they didn't want to be in an unsuitable arena (at the Alamodome) forever." The Spurs signed a ten-year lease with the city to play at the then-new Alamodome in '93 after playing at the Hemisfair Arena for 20 years. McDermott, who said he is "looking beyond" the team's current successes, said the club cannot fund a new facility. According to a Spurs official, the team "made up to $4 million" after last season, "including $3 million" during their playoff run. San Antonio Mayor Bill Thornton said he doesn't think a new arena is necessary: "I really regret that during this time when I am asking the city to pull together, that we are faced with an issue of what sounds like, 'Build a new arena or we'll move'" (SAN ANTONIO EXPRESS- NEWS, 7/5).