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SPURS OFFICIALS MEET WITH BITTERBLUE EXECS TO DISCUSS ARENA
Published May 6, 1998
The Spurs' plan for a new arena on a Northeast Side of the city is "not winning strong support from City Hall," according to Williams & Anderson of the SAN ANTONIO EXPRESS- NEWS. Yesterday it was reported that team officials were eyeing a proposed arena at Longhorn quarry and were hoping for city support by the end of the year. But on Tuesday, Spurs Chair Peter Holt said, "We have a long way to go. ... This 'by the end of the year' stuff is ... what I want to emphasize is, that we're here to stay. We're in no rush" (SAN ANTONIO EXPRESS-NEWS, 5/6). Yesterday, Travis Poling reported that Holt and other team execs met with Bitterblue Inc. principals Gene Powell and Laddie Denton on Monday to discuss the proposed site, which would have an arena be "a city-owned facility paid for by tax increment financing backed bonds." Poling wrote that the project still has "many hurdles to clear," including City Council approval to establish a reinvestment zone and the financing mechanism" (Travis Poling, SAN ANTONIO EXPRESS-NEWS, 5/5).