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San Antonio, Spurs to purchase $30M in Sports and Entertainment District

In a move to take the Sports and Entertainment District from a vision to a reality, the San Antonio City Council voted unanimously on Jan. 15 to authorize the city manager to execute a $30 million private acquisition and escrow agreement between the city, the San Antonio Spurs Holdings, LLC and Chicago Title, who will act as the escrow agent for the federal government.

In a nutshell: According to city documents, the city is making an offer to purchase three properties owned by the federal government, including the final federal office building within Hemisfair Park and two parking lots across Cesar Chavez Boulevard. Prior to authorizing the acquisition, the city contracted Valbridge to appraise the properties to determine fair market value, resulting in an appraised value of $29.95 million for all three properties.

Stay tuned: The federal government is estimated to make a decision on the city’s offer within 90-120 days.

 
Now Open
New luxury car storage center features clubhouse and more in North San Antonio

A new storage facility geared toward foreign and luxury car enthusiasts has completed construction near Shavano Park.

What residents should know: Shavano Garage Condominiums are officially open to the public, according to Owner Joe M. Kboudi.

It’s located at 13951 Indian Woods Drive in North San Antonio, just behind The Rim Church off of Lockhill-Selma Road.

According to previous reporting from Community Impact, construction on the storage development began back in 2023, and reservations were available to the public in September of that same year.

What’s special about it? Shavano Garage Condominiums contains 39 total units to store sports vehicles, motorcycles and boats, according to the business’s website.

These units range from roughly 1,000 to 2,000 square feet and are stocked with climate-control systems, plumbing, optional mezzanine areas, and more.

  • 13951 Indian Woods, San Antonio

 
Neighboring News
Dave's Hot Chicken opens within the Schertz Station development

A national chicken restaurant is now open in the Schertz Station development.

What you need to know: Dave's Hot Chicken opened within the Schertz Station development at 18476 I-35 N., Ste. 500 on Jan. 9. This is the fast-casual restaurant's fourth San Antonio area location.

Dave's Hot Chicken sells chicken tenders, boneless chicken bites, slider sandwiches and buffalo chicken and mac and cheese. Along with food items, Dave's Hot Chicken also sells loaded shakes in vanilla, chocolate and strawberry flavors with a selection of toppings.

  • 18476 I-35 N., Ste. 500, Schertz

 

FOODIE FRIDAY
Check out these new restaurants and bars opening across the San Antonio area.

Dave's Hot Chicken opens within the Schertz Station development

A national chicken restaurant is now open in the Schertz Station development.

Dave's Hot Chicken opened within the Schertz Station development at 18476 I-35 N., Ste. 500 on Jan. 9. This is the fast-casual restaurant's fourth San Antonio area location.

Dave's Hot Chicken sells chicken tenders, boneless chicken bites, slider sandwiches and buffalo chicken and mac and cheese.

Read here.

 

🍽️ High-end restaurant Katerina to open soon in Stone Oak
(Read more)

🥩 The Kendall Restaurant replaces Peggy's On the Green at Boerne hotel
(Read more)

🌮 New coffee and taco spot set to open in New Braunfels
(Read more)

 

Foodie event: Bar-B-Que Cook-Off

Check out this competitive cooking contest sanctioned by the International Barbecue Cookers Association and hosted by the San Antonio Stock Show & Rodeo, featuring live music, activities, a kids’ cook-off and more.
  • Jan. 29-31, times vary
  • $13 (admission)
  • 723 Frost Bank Center Drive, San Antonio

See more details.

CI Texas
Advocates say $1.5B film incentive program keeps Texas talent in-state

Some Texas film industry leaders say the state is on its way to becoming the third “media coast,” joining Los Angeles and New York as film production hubs. A recent increase in state funding is helping buoy that growth, said Chase Musslewhite, co-founder of Media for Texas, an Austin-based nonprofit that advocates for the advancement of the state’s film industry.

The details: Through 2035, $1.5 billion in state incentives will be available for movies, television shows, documentaries and related projects created in Texas.

To be eligible for the program funding under Senate Bill 22, at least 35% of a production’s cast and crew must live in Texas and at least 60% of the work must be done in-state, according to the Texas Film Commission. Grant reimbursements start at 5% and go up to 31%, depending on how much a production spends and other aspects of the project.

The local impact: After SB 22 became law Sept. 1, some local governments across Texas—including Austin, San Antonio and Houston—expanded or launched their own film incentive programs.

 

Your local team

Sierra Martin
Managing Editor

Melanie Bostic
General Manager

Email [email protected] for story ideas, tips or questions.

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