SBD/13/Facilities Venues

SPURS CALL QUARRY SITE FOR ARENA "BEST" FOR TEAM AND CITY

          The Spurs unveiled plans Wednesday for a $150M arena in
     the "abandoned Longhorn Quarry that could be open for games
     by 2001," according to Poling & Anderson of the SAN ANTONIO
     EXPRESS-NEWS.  Spurs Chair Peter Holt and Quarry developer
     Bitterblue "called the proposition the best for the Spurs
     and the city" during a meeting with the Express-News.  But
     Holt said the team is not threatening to leave the city: "If
     this didn't work would we leave the city?  That isn't our
     plan. ... The ownership is going to be patient."  The Spurs
     would manage the arena which would be owned by the city,
     county and the North East School District.  Construction
     could start as early as next summer.  Under the
     Spurs/Bitterblue plans, "a Tax Increment Finance board would
     sell bonds to pay for constructing the arena."  Bonds would
     be paid for from property taxes on new development in a
     reinvestment zone near the San Antonio airport.  San Antonio
     Mayor Howard Peak supports the plan and adds, "We want to
     move forward rapidly on this."  The proposal now goes to the
     city council (SAN ANTONIO EXPRESS-NEWS, 8/13).
          INSIDE THE HOME: Architectural designs by Ellerbe
     Beckett call for the arena to be split into 2,500 premium
     seats and 16,000 general seats.  It would be divided into
     five levels (SAN ANTONIO EXPRESS-NEWS, 8/13).

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