An expert in sports venue development talks about what it would take to build new facilities in San Antonio.
Downtown San Antonio's west side, which includes San Pedro Creek Culture Park, is among the areas rumored to be under consideration for an all-new sports district.What would it take to develop a sports district in downtown San Antonio?
“If you can put a new asset that’s significant, like a sports entertainment venue, directly adjacent to long-term historical investment in the urban core, you get a multiplier effect,” he said. “That can be significant over time.”Speculation over a new home court for the San Antonio Spurs expanded in June when the team scored Victor Wembanyama as the No. 1 overall pick in the NBA draft.
Newton attributes it to pent-up demand after the pandemic, but also to the number of aging facilities across the country. “Every time we build a new stadium, you think there’s not going to be any more to build, but there are still a lot of them that are 25, 30, some 40 years old,” he said. A sports venue can have a “multiplier effect” on previous investments in the urban core, Trubey said, activating an area and contributing to creating an authentic live, work, play environment.
That’s been the goal of his sports venue projects for many years, he said. “Integrations are really the key to creating value in this particular building type and opportunity.”Between 1970 and 2020, state and local governments devoted $33 billion in public funds to construct major-league sports venues in the United States and Canada, according to a 2022 study by several university researchers on the impact of sports franchises and venues on municipalities.
Until a location is selected and a timeline created, it’s not possible to determine what the cost of a sports district could run, he said. Building a sports venue takes about two to three years of actual construction and varies according to the facility’s complexity and scale, Trubey said. “We just completed Globe Life Field for the Texas Rangers,” he said of the $1.1 billion ballpark for the Major League team. “It’s literally across the creek and a big greenbelt [from] AT&T Stadium that we did for … the [Dallas] Cowboys.”
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