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The time has come for the election results on two Bexar County propositions related to a potential downtown San Antonio Spurs arena.
Proposition A pertains to the preservation of the Frost Bank Center, the current home of the Spurs, and the Freeman Coliseum grounds next door.
It asks voters to approve dedicating an estimated $192 million to $198 million toward turning the Frost Bank Center and Freeman Coliseum into year-round rodeo grounds.
The proposition would use two funding sources, including a 5% car rental tax and an increased Hotel Occupancy Tax to 2%.
>> Who will pay for a new Spurs arena in downtown San Antonio? KSAT Explains
Meanwhile, Proposition B would fund the downtown arena, provided that a majority of voters approve it.
Proposition B asks voters to use the same two funding sources as Proposition A.
If it passes, Bexar County agrees to contribute up to $311 million or 25% of the cost of the new arena — whichever is lower.
The potential downtown arena has an estimated price tag of $1.3 billion.
The county already has an additional $48 million on hand from what the tax has already generated.
There are four ways this could play out: Both measures pass, both fail, Proposition A passes, but Proposition B fails, and vice versa.
Sign up for the free KSAT election newsletter in the prompt below for a wrap-up of the results.
More election coverage on KSAT:
- BALLOT: Nov. 4 election on funding for downtown Spurs arena and upgrades to Coliseum grounds, 17 Texas amendments
- Who can expect to see a tax rate increase on the ballot this November election?
- Why ‘THIS IS A TAX INCREASE’ sub-headline is included on Props A & B on the Nov. 4 ballot in Bexar County
- Who will pay for a new Spurs arena in downtown San Antonio? KSAT Explains
