September 12, 2026 - 04:47

The San Antonio Spurs have started assembling a team of local businesses to help build the franchise's new arena, following the terms outlined in a non-binding agreement with the city. The move signals that planning for the project is moving forward even though final approvals are still pending.
Team officials say the goal is to keep a significant share of the construction work in the hands of San Antonio companies. That includes general contractors, subcontractors, and suppliers based in the region. The Spurs have emphasized that the project should create jobs and economic activity for the community that has supported the team for decades.
The term sheet, which is not legally binding, lays out expectations for how the arena will be financed and built. It also includes provisions for local hiring and business participation. While the agreement does not guarantee anything on its own, it sets the direction for negotiations between the team, the city, and county leaders.
Details about the arena's final location, cost, and timeline are still being worked out. Public input and formal votes are expected before construction can begin. For now, the involvement of local firms marks an early step in turning the plan into reality. Business owners who have signed on say the project could bring years of steady work and a lasting boost to the local economy.
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