Spurs invest in a new stadium, fans said: Our experience of modern stadiums is counting down the league

It is reported that the San Antonio Spurs will invest more than a billion dollars as part of the "Marvel Project" to help pay for the construction of the new downtown gym.

The Spurs management promised that $500 million will be used to build a new venue that guarantees overspending costs, and another $500 million will be used for the development of adjacent private downtowns. The total cost of the overall project may be as high as $4 billion.

said in a letter to the city manager by Spurs Sports Entertainment Chairman Holt: Since 1973, we have been acting with integrity, rooted in our deep love for our community and our sincere desire to help San Antonio prosper. The Spurs have been committed to creating a fair and harmonious community, and this investment will help strengthen the local economy and benefit local residents without tax increases. The Frost Bank Center, currently used by the Spurs, was put into use in 2002. The venue is located in San Antonio, Texas, and is home to the NBA Southwest Division team. The Spurs' contract with the venue will expire in 2032.

The Spurs fans have understood and supported this. To be fair, the purpose of building these arenas is to make self-profits and provide additional income in the next few years. Not only that, the project can also support local businesses to hire more people, and fans believe that at this point, these arenas themselves are almost attractions. With the unrest of the U.S. economy, residents of San Antonio are full of expectations for the program: in the NBA, we are the last in terms of fan experience!

Previously, when the Lakers sold their equity, some media said: The Lakers traded 10 billion without their own stadium. If they own their own stadium, the transaction value would be much more than that!

This may also be another reason why the Spurs are going to build their own arena!