The overview
According to city documents, the SPCDA is a local government corporation that will oversee the development of the ballpark and the surrounding area.
The creation of the SPCDA is part of the memorandum of understanding between the city, Bexar County, the Missions owners Designated Bidders and developers Weston Urban. The SPCDA will oversee the issuance of Houston Street Tax Increment Reinvestment Zone bond financing for the development of the surrounding area and own the stadium upon completion.
The SPCDA Board of Directors will include three representatives each from the City, Bexar County and the developer/team ownership. City Council’s approval of the resolution also appointed the mayor, city manager and the city’s chief financial officer as the city’s three representatives on the board.
Additionally, the resolution also consented to the creation of the San Antonio Creek Management District, which is a required step before a petition can be filed with the Texas Commission on Environmental Quality. According to city documents, management districts are political subdivisions that are self-governed and allow property owners to construct public infrastructure in accordance with the district’s approved plan.
The backstory
The MOU was authorized by the City Council on Sept. 12. The MOU agrees to the construction of a 4,500 fixed seat-ballpark and the development of approximately 41.32 acres of land in San Antonio’s northwest downtown corridor. The stadium will be located near Fox Tech High School and San Pedro Creek Culture Park.
According to city documents, the estimated cost of the ballpark facility is $160 million.
The project also includes privately funded development with an estimated taxable value of $1 billion. The developments will be built over four phases, and is expected to include hospitality and multifamily housing.
Stay tuned
The ballpark is expected to be completed before opening day in April 2028. The surrounding four phases of development are estimated to be completed in 2031.
