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FUNDERS, KEEPERS: SPURS LOOK FOR NEW WAYS TO PAY FOR ARENA

          The San Antonio City Council began an effort Thursday
     "that ultimately may result in a public vote on whether to
     build a mid-size arena" for the Spurs, according to
     Christopher Anderson of the SAN ANTONIO EXPRESS-NEWS.  The
     move comes after the council "rejected" the team's TIF
     proposal for a publicly funded arena on the North East Side
     on Tuesday.  Council members voted 8-0 "to direct city
     staffers to continue talks on constructing a facility with
     the Spurs" and "to examine all funding mechanisms -- public,
     private or a mix of the two."  Spurs VP Leo Gomez "welcomed"
     the council's move: "We're pleased the council recognizes a
     need for a community arena here in San Antonio.  We hope to
     continue to be an asset to this community."  Gomez added
     that Spurs owners "will not rule out selling or moving the
     team" if they begin to lose money by continuing to play in
     the Alamodome.  Gomez "emphasized" that the team wants to
     remain in San Antonio and has no plans to leave, but said,
     "We have to look at all of our options."  S.A. Mayor Howard
     Peak, who prefers building an arena near the Alamodome, said
     that all sites and financing mechanisms "should be explored"
     and the public "should be more involved" than they were with
     the TIF proposal (EXPRESS-NEWS, 12/18).  Tim Price writes
     that Joe Strauss Jr., Chair of Retama Park racetrack, which
     is located outside the city on I-35, would be "interested"
     in building an arena for the team on the site "if they'd be
     interested."  Spurs Chair Peter Holt also has ownership
     interest in the land at Retama (S.A. EXPRESS-NEWS, 12/18).

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