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          ♪ . >> 
          >> GOOD AFTERNOON. THE TIME IS NOW 12:02 P.M. ON FRIDAY, JULY 25TH, 2025. 
          THE CITY OF SAN ANTONIO SPECIAL SESSION IS CALLED TO ORDER. MADAM CLERK, PLEASE CALL THE ROLL. 
          >> GREAT. OKAY. THANK YOU. 
          WELL, BEFORE WE GET STARTED, I WANTED TO JUST KIND OF LAY FLAT WHY WE ARE HAVING THIS SPECIAL SESSION, AND CERTAINLY MAKING SURE THAT THERE'S SUFFICIENT TIME FOR PUBLIC INPUT. 
          SO, WHILE INITIAL DISCUSSIONS REGARDING A DOWNTOWN ARENA BEGAN IN 2022, THE FIRST REAL CVA OR DRAFT OF A CVA I BECAME AWARE OF OVER THE WEEKEND. SO THAT'S WHY I HAD A DISCUSSION MONDAY MORNING AND THEN TUESDAY DECIDED TO CALL FOR THE SPECIAL SESSION AS SOON AS WE FEASIBLY COULD. SO, HENCE WE ARE HERE THIS AFTERNOON. 
          MY THANKS TO THOSE OF YOU THAT ARE HERE AND HAVE TAKEN THE TIME TO SHOW UP AND ASK QUESTIONS. 
          I UNDERSTAND WE HAVE 47 PEOPLE ON THE LIST TO DO THAT. I THINK IT'S ALSO REALLY IMPORTANT FOR MY COLLEAGUES AND FOR THIS BODY TO UNDERSTAND THE PRESENTATION YOU WILL HEAR TODAY IS IN LINE WITH THE CHARGE FROM THE PREVIOUS MAYOR, AND THE PREVIOUS COUNCIL. 
          AND THAT CHARGE WAS BASED LARGELY AROUND FINANCING THIS PROJECT. 
          SOME OF THE QUESTIONS I HAVE ASKED SINCE BEING IN THIS SEAT HAVE HAD TO DO WITH NOT ONLY HOW DO WE PAY FOR IT, BUT HOW DOES THE COMMUNITY BENEFIT. AND THAT LOOKS AT REVENUE-SHARING, POTENTIALLY, OR UNDERSTANDING WHY THAT MAY OR MAY NOT BE A POSSIBILITY, AS WELL AS LOOKING AT THE STRENGTH OF A COMMUNITY BENEFITS AGREEMENT, OKAY? SO I WOULD ASK MY COLLEAGUES, WHEN YOU'RE LISTENING TO THE APPRECIATION TODAY, UNDERSTAND IT IS BASED ON THE ORIGINAL CHARGE OF HOW DO WE PAY FOR THIS THING. 
          THERE MAY BE AN OPPORTUNITY, AS WE LOOK AT MOVING FORWARD IN LIGHT OF THE NEW MEMBERSHIP ON THIS BODY AND WHAT WE HAVE BEEN CHARGED TO DO AS ELECTED OFFICIALS, IF WE NOW WANT TO WEIGH IN AND PROVIDE THE STAFF DIFFERENT GUIDANCE. IN PART, MORE OF AN EMPHASIS ON PART OF THAT REVENUE-SHARING. BECAUSE THAT APPROACH OF HOW DO WE PAY FOR IT VERSUS HOW DO WE PAY FOR IT AND POTENTIALLY HELP OURSELVES WITH CONTRIBUTIONS TO THE GENERAL FUND, FOR EXAMPLE, THOSE ARE TWO VERY DIFFERENT APPROACHES AND WILL YIELD A VERY DIFFERENT TERMS AGREEMENT -- TERMS SHEET, AS WELL AS COMMUNITY BENEFIT AGREEMENT. AND SO WHY IS SOMETHING LIKE THAT -- WHY IS THAT IMPORTANT? WELL, AS OUR TEAM CONTINUES TO DO WELL, WE MAY SEE THE COST OF TICKETS INCREASE. AND WOULDN'T IT BE NICE TO GET A CUT? AS OUR TEAM DOES WELL, THE COSTS THAT FOLKS MAY BE WILLING TO PAY FOR THE NAMING RIGHTS TO THE ARENA -- THAT MAY INCREASE IN VALUE. WOULDN'T IT BE NICE TO GET A 
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CUT? AND I UNDERSTAND THESE ARE THINGS THAT HAVE NOT TRADITIONALLY BEEN DISCUSSED, BUT I THINK IT IS IMPORTANT THAT WE LOOK AT THAT IN LIGHT OF OUR FISCAL SITUATION. WE HAVE $141 MILLION BUDGET GAP IN 2027 THAT WE ARE TRYING TO ADDRESS. AND IF WE DO NOTHING, THAT GAP GROWS TO $220 MILLION IN 2030. 
          AS THE STAFF DESCRIBED, WE ARE STRUCTURALLY IMBALANCED. SO, IN LIGHT OF THAT, I THINK WE OWE IT TO OUR COMMUNITY TO THINK ABOUT HOW WE COULD STRENGTHEN CONTRIBUTIONS TO THE GENERAL FUND AND WOULD ONE OF THOSE WAYS POTENTIALLY BE A REVENUE-SHARING DEAL WITH THE SPURS, A CUT FROM CONCESSIONS, PARKING, TICKETS, TO HELP WITH OUR BUDGET CHALLENGES. 
          THESE ARE SOME OF THE QUESTIONS I HEARD AND MAYBE SOME OF MY COLLEAGUES HEARD THESE IN SOME OF THE SESSIONS THAT THE CITY HAS HOSTED. THESE ARE FAIR QUESTIONS. 
          AND WE SHOULD TRY TO ANSWER THOSE. I WANT TO SAY, YESTERDAY I WAS ALSO IN AUSTIN DURING -- FOR THE SPECIAL SESSION. I WAS ENGAGING WITH OUR STATE DELEGATION THERE TO LAY FLAT HERE ARE OUR NEEDS WHEN IT COMES TO FLOODING RELIEF. 
          21 MILLION IS WHAT WOULD COME OUT OF OUR POCKET IF WE DON'T GET HELP FROM THE STATE TO ADDRESS SOME OF THESE DAMAGES, BOTH ROADS AND BRIDGES, AS WELL AS DAMAGES TO DRAINAGE. 
          SO, 21 MILLION ON TOP OF THE 14 PROJECTS WE HAVE IN OUR COMMUNITY THAT ARE ON THE STATE'S FLOOD PLAN. TO BE DETERMINED HOW MUCH MUST Y WE'LL GET FROM THE STATE. 
          BUT TO GIVE YOU AN IDEA, SINCE 2015, OUR COMMUNITY HAS SPENT $490 MILLION ON DRAINAGE PROJECTS. THE 14 PROJECTS THAT THE CITY HAS ON THE STATE'S FLOOD PLAN TOTAL $411 MILLION. THAT'S JUST THE PROJECTS WE KNOW AND HAVE A PLAN FOR, LET ALONE THE OTHER PROJECTS THAT STILL NEED TO BE SCOPED OUT. SO WHAT DOES -- YOU MIGHT BE ASKING, WHAT DOES THAT LOOK LIKE TO ME? IN DISTRICT ONE, THAT'S THREE PROJECTS. THE TOTAL COST WOULD BE 75 MILLION. 
          IN DISTRICT 2, THAT'S ONE PROJECT. $14 MILLION. 
          DISTRICT 3, THAT'S ONE PROJECT, 33 MILLION. THERE ARE NO PROJECTS ON THE STATE'S FLOOD PLAN FOR DISTRICT 4. DISTRICT 5, THOSE TOTAL PROJECTS WOULD BE $200 MILLION. DISTRICT 6, YOUR PROJECT WOULD BE ONE PROJECT, $10 MILLION. 
          DISTRICT 7, YOUR TWO PROJECTS, DRAINAGE IMPROVEMENT PHASE ONE AND IMPROVEMENTS TOTAL OF INFRASTRUCTURE PROJECTS WOULD BE $60 MILLION. DISTRICT 8, YOUR PROJECTS WOULD BE $16 MILLION. THERE ARE NO FLOOD MITIGATION PROJECTS FOR DISTRICT 9. 
          DISTRICT 10, YOUR PROJECT, JUDSON AND LOOKOUT, $6 MILLION. SO, ALL THAT TO SAY WHEN WE ARE THINKING ABOUT THESE LARGE ROUND NUMBERS, THERE'S ALSO SOME OTHER NEEDS IN THE COMMUNITY. 
          AND I ALSO WANT TO MAKE SURE THAT WE'RE LAYING THE FLAT WHENE ARE TALKING TO FOLKS, WHY WE ARE INVESTING THERE AND ALSO, THE INFRASTRUCTURE CHALLENGES THAT FOLKS ARE EXPERIENCING EACH DAY, AND FRANKLY CONTRIBUTE TO OUR PUBLIC SAFETY. LASTLY, AS WE'RE READING THROUGH THIS, YOU'LL SEE A TIMELINE FOR WHEN THE STAFF HAS RECOMMENDED THIS BODY TAKE ACTION ON THE TERM SHEET. I UNDERSTAND THE COUNTY WOULD LIKE SOME INFORMATION SOONER RATHER THAN LATER SO THEY CAN DETERMINE WHETHER THEY'D LIKE TO HOLD THE ELECTION. 
          TO BE VERY CLEAR, THE CITY'S CONSIDERATIONS AND THE COUNTY'S CONSIDERATIONS ARE DIFFERENT. 
          I UNDERSTAND THE COUNTY HAS DONE THEIR DUE DILIGENCE AND REACHED A NUMBER THEY THINK THEY CAN PAY FOR. THEY'RE FREE TO GO AHEAD AND CALL THEIR ELECTION IF THEY'D LIKE TO. OUR ANALYSIS AND WHAT WE DO HERE WILL NOT YIELD MORE MONEY TO THEM. SO IF THEY'D LIKE TO CALL THEIR ELECTION BY THE 18TH, THEY CAN CERTAINLY DO SO. I'VE SHARED THAT WITH THE JUDGE. OKAY. 
          LET ME ALSO JUST MANAGE EXPECTATIONS ABOUT WHAT YOU WILL NOT HEAR TODAY. 
          DESPITE HAVING ASKED. IT IS FO FORTHCOMING, BUT THE ECONOMIC ANALYSIS IS NOT HERE, FROM AN OUTSIDE VENDOR THAT WOULD HELP US UNDERSTAND NOT ONLY THE ECONOMIC ARGUMENT FOR THIS ARENA PROJECT, BUT FOR PROJECT MARVEL WRIT LARGE. BASED ON THE FREQUENT ASKING OF 
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THE VERY BASIC QUESTION OF HOW WAS IT DETERMINED THAT THE ASKS OF THE COUNTY -- LET ME JUST LAY FLAT -- WHY CAN'T THE SPURS OWNERS PAY MORE. AS PEOPLE HAVE GOOGLE, AND UNDERSTAND THERE ARE SOME OWNERS THERE THAT HAVE A NET WORTH OF 30 TIMES OUR CITY'S BUDGET. 
          THERE'S ALSO SOME SAN ANTONIO OWNERS, TH THE HOLTS, DAVID ROBINSON, THAT COULD BE VERY HELPFUL IN MAKING SURE WE KEEP OUR BELOVED SPURS HERE. AS I SHARED, YOU'RE LOOKING AT SOMEBODY THAT STILL HAS THEIR TRADING CARDS, DAVID AND SEAN. SO, IT'S NOT ABOUT A COMMITMENT TO OUR TEAM, IT'S ABOUT MAKING SURE THAT WE GET -- HAVE AS BEST A CONVERSATION AND PEOPLE HAVE AS LARGE AWARENESS OF WHAT WE ARE NEGOTIATING HERE. AND THEN LASTLY, WHAT IS OUTSTANDING IS AN ANSWER ON THE REVENUES. AS I HAVE SHARED THERE ARE SOME PIECES WHERE YOU MAY HAVE SOME PROFIT-SHARING FROM REVENUES, SO WE CAN UNDERSTAND OUR NEGOTIATING SPACE. IF YOU SAY X GETS ALL OF X, OR ENTITY A GETS ALL OF X, WHAT'S X? WE WANT TO KNOW WHAT WE'RE GIVING AWAY SO WE TRULY UNDERSTAND IF WE'RE BEING REASONABLE IN OUR ASKS, OR IF WE'RE SHOOTING TOO LOW OR TOO HIGH. SOME OF THE QUESTIONS -- MY QUESTIONS ON REVENUES IN PARTICULAR, WHETHER IT BE SALES, MERCHANDISE, CONCESSIONS, PARKING, OR NAMING RIGHTS ARE STILL OUTSTANDING AT THIS POINT. SO, THAT'S HOW WE GOT TO WHERE WE ARE. 
          AGAIN, THIS PRESENTATION'S GOING TO BE BASED ON THE PREVIOUS CHARGE. 
          THIS BODY HAS AN OPPORTUNITY TO WEIGH IN AND DETERMINE IF WE'D LIKE IT TO ALSO LOOK AT NOT JUST FINANCING, BUT THE STRENGTH OF THE COMMUNITY BENEFIT AGREEMENT, AS WELL AS THE THINGS THAT IF YOU WERE HOPING TO HEAR IT TODAY, YOU WOULD NOT HEAR IT TODAY, WHICH IS ANSWERS ON THOSE LAST QUESTIONS. OKAY. ERIC, OVER TO YOU. 
          >> WALSH: THANK YOU, MAYOR. GOOD AFTERNOON, MAYOR AND COUNCIL. 
          I HOPE JULY HAS BEEN RESTFUL, BECAUSE WE'RE GETTING READY TO LAUNCH BACK UP. 
          AND JUST BEFORE I LAUNCH INTO THE PRESENTATION, SINCE I HAVEN'T SEEN ALL OF YOU, WE ARE NEARING THE COMPLETION OF OUR PROPOSED BUDGET PRESENTATION THAT WE'LL BE DELIVERING TO YOU ON AUGUST 14TH. A LITTLE BIT MORE WORK TO DO, INCLUDING OVER THE NEXT WEEK OR SO. SO, THE MAYOR LAID OUT A REALLY LARGE OVERVIEW OF THE PRESENTATION. AND LET ME TALK A LITTLE BIT ABOUT RECAPPING WHERE WE'VE BEEN. IN EARLY APRIL, THE CITY, THE COUNTY, AND THE SPURS SIGNED A MEMORANDUM OF UNDERSTANDING. AND THE MAYOR MENTIONED THIS IN HER COMMENTS. 
          OUR OBJECTIVE -- THE CITY'S OBJECTIVE, AS WE DEVELOP THE FUNDING FRAMEWORK FOR A POTENTIAL CONTRIBUTION FROM THE CITY INTO AN ARENA PROJECT, HAD A NUMBER OF FACETS. 
          NUMBER ONE, TO MANAGE AND MITIGATE OUR RISK. TO NOT USE EXISTING BUDGETARY RESOURCES ON THE ARENA PROJECT. TO SECURE COMMUNITY BENEFITS, AS WE TALKED IN THE SPRING. 
          ECONOMIC IMPACT. AND FINALLY, TO RETAIN THE SPURS LONG-TERM AND HELP PUT THEM IN A POSITION FOR THAT GROWTH IN THE LONG TERM GOING FORWARD IN THIS TOWN. 
          IN APRIL AND MAY, AS WE WERE WORKING ON THAT FINANCING STRUCTURE THAT INCLUDES THE ASPECT OF A PRIVATE DEVELOPER. AND REALLY THAT WAS NOT A NEW TOPIC FOR US, BUT HAD A LOT OF CONVERSATIONS WITH THE SPURS ABOUT THE REALITY OF OUR OBJECTIVES, AND WHAT AREAS THAT WE HAD TO BE ABLE TO ACHIEVE THOSE. AS THE MAYOR MENTIONED, THE SPURS SENT A DRAFT TERM SHEET IN MID-MAY, MAY 15TH. WE HAD A JUNE 4TH PRESENTATION TO COUNCIL THAT FOCUSED ON -- PUBLICLY FOR THE FIRST TIME -- WHAT THAT FUNDING FRAMEWORK WOULD LOOK LIKE. I'LL SPEND SOME TIME ON THAT IN A COUPLE SLIDES. 
          WE GAVE AN UPDATE ON VEHICULAR AND PEDESTRIAN INFRASTRUCTURE. AND A POTENTIAL BOND ELECTION, 
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AS WELL AS THE LAUNCHING OF OUR COMMUNITY ENGAGEMENT PROCESS, WHICH ALL OF YOU PARTICIPATED IN OVER THE SUMMER. IN JUNE/JULY, STAFF HAD A NUMBER OF MEETINGS -- NUMEROUS MEETINGS WITH SPURS TO DISCUSS ARENA FINANCING SCENARIOS, WHAT TYPE OF DEVELOPER REQUIREMENTS, GUARANTEES, KEY TERMS, THE TIMING OF ISSUANCE OF DEBT. I WOULD CALL IT THE LOGISTICS OF A DEAL. AND THAT OCCURRED DURING JUNE AND JULY. 
          >>>   ON JULY 3RD, THE SPURS MET WITH THE MAYOR, THE CITY ATTORNEY, AND MYSELF. 
          ON JULY 14TH, THE MAYOR, MYSELF, ANDY, AND BEN MET WITH OUTSIDE COUNSEL, REALLY TO HEAR FROM THEM FIRST-HAND ON TERMS AND COMMUNITY BENEFIT APPROACHES. ON JULY 19TH -- YOU ALL HAVE THIS EMAIL. I SENT THE MAYOR AN UPDATED EMAIL ON A NUMBER OF THESE ISSUES LAST SATURDAY. AND I THINK SHE INCLUDED AN EMAIL TO YOU ALL ON THE NOTIFICATION OF TODAY'S MEETING. AND THEN THE MAYOR CALLED THE SPECIAL MEETING THAT WE'RE HERE TODAY. THERE WAS ANOTHER MEETING THAT OCCURRED THIS WEEK ON JULY 23RD WITH ANDY, THE MAYOR, AND MYSELF, REGARDING -- WITH THE SPURS -- REGARDING FINANCIAL INFORMATION THAT WAS REQUESTED BY THE MAYOR. AND I'LL TALK A LITTLE BIT ABOUT 
          THAT IN A COUPLE SLIDES. >> MAYOR ORTIZ JONES: DO YOU WANT TO MENTION THE MEETING THAT HAPPENED YESTERDAY? I WAS NOT PRESENT AT THAT ONE. IF WE'RE GOING TO RECAP, MAKE 
          NOTE OF THAT ONE. >> WALSH: IT WAS THE FOLLOWUP MEETING TO JULY 23RD. 
          >> MAYOR ORTIZ JONES: WE LAID IT OUT HERE. WHO WAS -- 
          >> WALSH: BEN, CITY ATTORNEY, BOBBY PEREZ, AND MYSELF. I'M GOING TO DEVIATE FROM THE PRESENTATION. THAT CONVERSATION RESULTED IN A LETTER THAT YOU RECEIVED FROM THE SPURS LAST NIGHT. SO, I'M GOING TO SPEND A LITTLE BIT OF TIME ON THE NEXT TWO SLIDES, BECAUSE AS THE MAYOR MENTIONED SEVERAL TIMES, FROM OUR STANDPOINT, AS WE DEVELOPED THE FUNDING FRAMEWORK IN APRIL AND MAY AND PRESENTED PUBLICLY IN JUNE, REALLY WAS FOCUSED IN THIS FASHION. AND WE FILLED IN SOME BLOCKS HERE. 
          AND I DON'T WANT ANYBODY TO OVERREACT WITH THE MIDDLE BLOCK OF 350-500, BECAUSE WE'RE DOING THIS FOR ILLUSTRATIVE PURPOSES TODAY. AND I'LL SPEND SOME TIME TALKING ABOUT IT. BUT FROM THE LEFT, THE SPURS LETTER LAST NIGHT COMMITTED $500 MILLION OF THEIR OWN CAPITAL, OR WHATEVER RESOURCES THEY HAVE THAT THEY'LL NEED TO SECURE, PLUS COST OVERRUNS. AND WHETHER THAT IS A DEBT THAT THE SPURS ARE OBLIGATED TO. 
          THE MAYOR MENTIONED THE COUNTY ON THE FAR RIGHT. THE COUNTY ALSO SUBMITTED A LETTER YESTERDAY, WITH THE AMOUNTS OF POTENTIALLY CONSIDERING FOR PLACEMENT ON A BALLOT AND CONSIDERATION OF THE VOTERS. 25% OF THE ARENA PROJECT COST UP TO $311 MILLION. AND THEY'LL GO THROUGH, AS THE MAYOR MENTIONED, THE PROCESS THAT THEY'LL GO THROUGH TO DETERMINE WHETHER OR NOT THAT VENUE TAX, WHICH IS SUPPORTED BY HOTEL OCCUPANCY TAX AND A MOTOR VEHICLE RENTAL TAX, AND WHETHER OR NOT THEY PUT THAT ON THE BALLOT FOR VOTERS TO DECIDE. THE MIDDLE BOX, THE CITY BOX -- AGAIN, I'M GOING TO SAY THIS THREE OR FOUR MORE TIMES ON THIS SLIDE AND THE NEXT ONE. THE 350-500 IS FOR ILLUSTRATIVE PURPOSES ONLY. WE WANTED TO MAKE SURE THAT WE SHOWED -- YOU'LL SEE WHY ON THE NEXT SLIDE. WE HAVE RUN A MULTITUDE OF INTERNAL SCENARIOS THAT CENTER AROUND THE TIMING, THE GUARANTEE AMOUNTS, AND WHAT IS POTENTIALLY DO-ABLE INTERNALLY, ALL INTERNAL CONVERSATIONS. BUT THE CITY CONTRIBUTION AS WE LAID OUT IN JUNE IS REALLY STRUCTURED AROUND GUARANTEED REVENUE FROM THE SPURS OR A DEVELOPER OR BOTH IN THE AREAS OF AN ARENA RELEASE, GROUND LEASES FOR THE POTENTIAL PRIVATE DEVELOPMENT. 
          WHICH ON THE WESTERN SIDE OF I-37 IS ABOUT 23 OR 24 ACRES. THE HEMISPHERE TIRZ, WHICH WOULD BE A DEVELOPMENT GUARANTEED TAXABLE VALUE THAT WOULD BE CAPTURED WITHIN THAT TIRZ. 
          AND THOSE THREE REVENUE SOURCES -- AND THOSE ARE LEVERS THAT CAN GET PULLED. 
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DEPENDING ON THE AMOUNTS, AS WE LAID OUT TO YOU ALL IN JUNE, THAT IS THE AMOUNT THAT WE WOULD POTENTIALLY FUND IN TERMS OF A CONDUIT FINANCING AS A CONTRIBUTION TO THE ARENA. 
          SO, IF THE DEVELOPMENT DOESN'T OCCUR AND THE ARENA DOESN'T OCCUR, THOSE THREE THINGS DON'T HAPPEN. SO IT WAS VERY BALANCED IN THE SENSE THAT IF THERE ARE -- IF THERE IS GOING TO BE A DEVELOPMENT AND POTENTIALLY AN NBA ARENA, THAT THE REVENUE ASSOCIATED WITH THAT WOULD COME TO THE CITY. AND THAT WOULD BE THE CONDUIT OF FINANCING BACK INTO A CONTRIBUTION. NOW, THE LAST BULLET IS THE STATE'S PFZ MONEY, WHICH IS REALLY THE STATE'S MONEY AND IS THEIR INVESTMENT THAT WE ARE -- THAT WE CAN TAKE ADVANTAGE OF. AND WE CAN'T DO WHATEVER WE WANT WITH THAT MONEY. 
          IT HAS TO BE IN ACCORDANCE WITH THE STATUTE AND IN ACCORDANCE WITH WHAT WE HAVE SET FORTH WITH THE COMPTROLLER IN TERMS OF PROJECTS. AND THAT IS AN IMPORTANT PART OF THE BALANCE OF OUR CONTRIBUTION. THE NEXT SLIDE -- AND I'M GOING TO CAUTION AGAIN. 
          WE HAVE 350-500 IN TERMS OF OUR OWN INTERNAL, BUT LET ME DRAW YOUR ATTENTION TO THE BOTTOM OF THE LEFT-HAND BOX. AND THESE ARE PURELY EXAMPLES. THEY ARE EXAMPLES BASED ON OUR INTERNAL RUNS, BUT I WANTED TO BE ABLE TO SHOW YOU HOW THAT MATERIALIZES IN A POTENTIAL USE OF FUNDS. SO, USING CERTAIN ASSUMPTIONS THAT WE HAVE AROUND REVENUE GUARANTEES OR TIMING OF ISSUANCE OF DEBT, OR WHAT AN ARENA LEASE OR PRIVATE DEVELOPMENT LEASE WOULD BE, IN A SCENARIO OF $350 MILLION, ROUGHLY 60% OF THAT WOULD BE GENERATED BY THE DEVELOPERS OR THE SPURS REVENUE TO THE CITY. AND ON THE OTHER SIDE YOU SEE THE PFZ WOULD BE 40%. WE HAVE A $450 MILLION EXAMPLE HERE. 
          AGAIN, BASED ON OUR OWN INTERNAL ASSUMPTIONS OF 45-55. THE POINT OF THIS IS TO LAY OUT THAT THERE'S A BALANCE THERE AROUND NEGOTIATING WITH THE SPURS ABOUT WHAT THOSE GUARANTEES AND LEASES ARE, AND HOW ARE THEY GUARANTEED, AND HOW THAT FITS INTO THE PFZ FOR AN EVENTUAL CONTRIBUTION FOR THE COUNCIL TO CONSIDER AS A CONTRIBUTION TO THE ARENA PROJECT. A LOT OF WORK NEEDS TO HAPPEN. AND WE HAVE DONE A GREAT DEAL OF WORK INTERNALLY TO BE ABLE TO BE PREPARED TO HAVE THOSE NEXT ROUND OF CONVERSATIONS. 
          BUT THEY'RE ALL CRITICAL. AND I THINK THE PART THAT IS REALLY IMPORTANT HERE IS THAT THE LEFT SIDE OF THE BOX IS THE SPURS DEVELOPER REVENUE. THE RIGHT SIDE IS THE STATE PFZ. 
          AND NONE OF THESE ARE IMPACTING ANY CURRENT BUDGETARY EXPENDITURES THAT WE HAVE RIGHT 
          NOW. >> MAYOR ORTIZ JONES: BEFORE WE MOVE OFF OF THAT PIECE, ON THE TIRZ, SOME OF THAT MONEY COULD COME INTO THE GENERAL FUND SOONER IF WE WANTED IT TO. 
          WE COULD STRUCTURE IT THAT WAY. IF WE WANT TO DO THAT, WE COULD? >> WALSH: YOU COULD. 
          BUT THERE'S NOTHING THAT EXISTS THERE. I SUSPECT IF WE WEREN'T TALKING ABOUT THIS PARTICULAR PROJECT AND WE WERE TALKING ABOUT A DEVELOPMENT, THE PURPOSE OF THE TIRZ IS TO KEEP THAT ECONOMIC DEVELOPMENT BENEFIT AND INVEST IN THAT AREA. 
          IF NOTHING HAPPENS THERE, THERE'S NO GROWTH IN THE TIRZ. >> MAYOR ORTIZ JONES: SURE. 
          AS THE MONEY COMES INTO THE TIRZ, YOU COULD SAY INSTEAD OF 100% OF IT STAYING THERE, A CERTAIN PERCENTAGE CAN STAY AND A CERTAIN PERCENTAGE CAN BE REINVESTED IN OTHER THINGS. 
          >> WALSH: THAT IS PART OF THE MATH FORMULA, LOOKING FORWARD TO DIRECTION FROM YOU ALL, HOW WE DO THAT. SO, THE MAYOR MENTIONED THIS A LITTLE BIT AGO. 
          THIS RELATES BACK TO THE MEETING THAT WE HAD WITH THE SPURS EARLIER IN THE WEEK. 
          THERE HAD BEEN QUESTIONS THAT HAD COME UP REGARDING THE SPURS' FINANCES. 
          AND SO THE REQUEST WAS FOR FINANCIAL INFORMATION TO INCLUDE A PROFIT AND LOSS STATEMENT AND OTHER DETAILED HISTORY OF REVENUES. AND THE MAYOR MENTIONED THOSE AT THE BEGINNING OF THE MEETING. AND THE REASON WHY THOSE WERE BEING REQUESTED WAS, AS THE MAYOR MENTIONED AND I HAVE ON THE SLIDE, THAT COULD SERVE -- WOULD SERVE AS A BASIS TO NEGOTIATE POTENTIAL REVENUE-SHARING. AND SO THE SPURS' RESPONSE WAS TWOFOLD. ONE, THAT CERTAIN INFORMATION -- FINANCIAL INFORMATION COULD NOT 
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BE PROVIDED DUE TO NBA RULES AND OBLIGATIONS, CONFIDENTIALITY OF OBLIGATIONS THAT THEY HAVE TO PARTNERS. BUT SECONDLY, ALSO THAT REVENUE-SHARING WAS NOT AN OPTION GIVEN THE FINANCIAL RISKS AND STRUCTURE OF THE FINANCING THAT I WENT OVER A COUPLE SLIDES AGO, BECAUSE AS YOU SAW THERE, THE SPURS ARE MAKING -- WILL HAVE TO MAKE A CONTRIBUTION FROM THEMSELVES INTO THE ARENA. AND WILL HAVE TO, AS WE NEGOTIATE, GUARANTEE TAXABLE REVENUE INTO THE CITY'S BOX. SO, FROM THEIR PERSPECTIVE, AS THEY SHARED WITH US, THEY ARE TAKING ON THAT FINANCIAL RISK AND REVENUE-SHARING WAS NOT AN OPTION. 
          SO THE OTHER PART OF TODAY'S EMAIL -- I THINK MOST OF YOU RECEIVED THIS ALSO EARLIER IN THE WEEK. THE SPURS DID PROVIDE LAST WEEK A COMMUNITY BENEFITS PROPOSAL THAT CENTERED AROUND THESE FOUR AREAS -- EARLY CHILDHOOD, TRANSPORTATION TO ARENA EVENTS, THE UTILIZATION OF LOCAL AND SMALL COMPANIES, AND COMMUNITY TICKETS. 
          AND THEY PROVIDED -- I'LL TALK A LITTLE BIT ABOUT IT ON THE NEXT SLIDE. 
          THEY PROVIDED A LITTLE BIT MORE DETAIL REGARDING EARLY CHILDHOOD EDUCATION, BUT THE SPURS' ESTIMATED VALUE OF THIS COMMUNITY BENEFIT VALUE WAS $60 MILLION. 
          AND THE DETAIL THAT WE HAVE IS THE EARLY CHILDHOOD EDUCATION PIECE WAS $35 MILLION. 
          WE NEED TO GET ADDITIONAL INFORMATION FROM THE SPURS TO REALLY BETTER UNDERSTAND WHAT THE BENEFITS ARE AND WHAT THE COSTS ARE, THE RELATIVE VALUE OF THAT IS. 
          BUT I WANTED TO SHARE THAT WITH THE COUNCIL PUBLICLY. THE $35 MILLION OVER 20 YEARS -- YOU ALL SAW THIS. BUT FOR THE PUBLIC'S PURPOSES, WAS REALLY THREE OPTIONS. 
          POTENTIAL OPTIONS FOR CONSIDERATION, WHICH ARE UTILIZING THAT MONEY INTO A CITYWIDE LEARNING AND CHILDCARE CENTERS AND ADAPTIVE REUSE OF CLOSED-DOWN SCHOOLS HERE IN THE CITY. THE SECOND WAS THE CREATION OF AN EMPLOYER CHILDCARE MATCH PROGRAM, WHICH THE SPURS OFFERED TO SEED FUND. AND ALSO, ULTIMATELY, POTENTIALLY THIS FUND COULD BE UTILIZED BY THEIR EMPLOYERS AS A CONTRIBUTION. 
          AND THEN IN WHAT THEY SHARED WITH US LAST WEEK, THE FUNDING COULD ALSO GO TO PRE-K FOR SA. 
          I HAVE SHARED -- I DID SHARE WITH DR. SARAH BRAY THE PROPOSAL LAST WEEK. 
          SHE'S PROVIDED ME SOME PRELIMINARY FEEDBACK. BUT I THINK THE MOST IMPORTANT PART ABOUT THIS IS THAT WHAT WE'RE RECOMMENDING IS THAT IF WE CONTINUE NEGOTIATIONS, THAT THE STAFF OBTAIN A COMMITMENT ON DOLLAR VALUE AND PROVIDE YOU ALL, THE CITY COUNCIL, AN OPPORTUNITY TO DECIDE WHAT HAPPENS WITH THOSE FUNDS. ONE OF THE KEY THINGS FOR US AS WE GO FORWARD IS NOT JUST IN ONE YEAR, BUT OVER THE TERM. AND I DIDN'T MENTION THIS WITH THE SPURS PROPOSAL OF $60 MILLION. SOME ASPECTS WERE OVER TEN YEARS BUT REALLY IT'S ABOUT PROVIDING AS MUCH COMMITMENT IN TERMS OF NEGOTIATIONS AS PROVIDING THE COUNCIL THE ABILITY TO WEIGH IN ON THE USE OF THOSE FUNDS. 
          THAT'S REALLY UP TO YOU ALL TO DECIDE. AND I THINK IT'S A VERY IMPORTANT PART OF THE POTENTIAL NEXT STEPS AS WE GO FORWARD, DEPENDING ON YOUR COMMENTS TODAY. THE OTHER OPTIONS ARE JUST OPTIONS THAT WE HAD TALKED ABOUT. I'M GOING TO SAY THIS AT THE END OF THE PRESENTATION, NEXT THURSDAY I AM RECOMMENDING WE COME BACK ON A NUMBER OF THINGS TO UPDATE THE COUNCIL. 
          BUT ONE OF THEM IS THE COMMUNITY ENGAGEMENT REPORT. THERE MAY BE OTHER AREAS IDEN IT'S VERY TASK-ORIENTED. TASK ONE IS CONTINUED NEGOTIATIONS, SECURE THAT DOLLAR AMOUNT AND THAT COMMITMENT. 
          AND TASK TWO, PROVIDE THE COUNCIL THE OPPORTUNITY TO WEIGH IN, EITHER AS A GROUP AND RELYING ON YOUR OWN CONVERSATIONS OR THE COMMUNITY ENGAGEMENT FEEDBACK IN ORDER TO MAKE THOSE DECISIONS GOING FORWARD. SO I WANT TO WALK THROUGH THE NEXT COUPLE OF SLIDES. THESE ARE, FROM OUR PERSPECTIVE, WE HAVE A DRAFT TERM SHEET THAT'S PREPARED. AND THE MAJOR PROVISIONS I WANTED TO COVER HERE. 
          COMMUNITY BENEFITS REALLY ECHOES WHAT I JUST SAID THAT WE SECURE A DOLLAR VALUE 
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COMMITMENT AND HAVE THE COUNCIL DETERMINE HOW THOSE FUNDS ARE ALLOCATED OR UTILIZED. 
          UNDER PRIVATE DEVELOPMENT, THAT THE SPURS WILL ENGAGE A DEVELOPER OR DEVELOPERS FOR NEW PRIVATE DEVELOPMENT IN THE NEW DESIGNATED AREAS OF THE HEMISFAIR TIRZ. 
          THOSE NEED TO GUARANTEE A CERTAIN LEVEL OF PROPERTY TAX REVENUE WITHIN THE HEMISFAIR TIRZ. NON-RELOCATION. THAT THE SPURS MAINTAIN ITS NBA FRANCHISE AND PLAY HOME GAMES IN THE ARENA AND THAT TERM SHEET SHOULD HAVE APPROPRIATE REMEDIES IF THE SPURS ATTEMPT TO RELOCATE DURING THE TERM. OTHER REVENUES TO INCLUDE NAMING, ADVERTISING, SIGNAGE, BROADCAST, CONFESSIONS. THE SPURS' POSITION IS THERE WOULD BE NO REVENUE SHARING, GIVEN THE CURRENT STRUCTURE OF THE PROPOSED FINANCING. 
          UNDER ARENA OF OPERATIONS, THAT THE SPURS WOULD MAINTAIN AND OPERATE THE ARENA AND WOULD SOLELY BE RESPONSIBLE FOR ALL OPERATIONS AND EXPENSES. UNDER ARENA DESIGN AND CONSTRUCTION, THAT THE SPURS WOULD BE RESPONSIBLE FOR THE DEVELOPMENT, DESIGN, AND CONSTRUCTION OF THE ARENA. NBA AUTHORITY. THAT THE SPURS ARE SUBJECT TO THE CONSTITUTION AND BYLAWS OF THE NBA. AND SOME ELEMENTS OF THE PROJECT WOULD REQUIRE NBA APPROVAL. THE ARENA OWNERSHIP WOULD BE UNDER AN EXISTING LOCAL GOVERNMENT CORPORATION OR ONE TO BE CREATED. 
          THE TERM SHEET HAS A FINANCING ADDENDUM THAT WOULD OUTLINE PROVISIONS RELATED TO THE CITY'S FINANCING AND THE RELATED DEVELOPMENT GUARANTEES, WHICH WOULD BE -- ULTIMATELY VERY CRITICAL. THE CITY FINANCING CONTINGENCY THAT CONCURRENT WITH THE ISSUANCE OF ANY DEBT THAT WE WOULD HAVE TO AND WANT TO CONFIRM THE FINANCIAL METRICS AND ENSURE THAT THEY COULD BE ACHIEVED BASED ON OUR ASSUMPTIONS IN THE CITY'S FINANCING. AND THEN ULTIMATELY THAT THE PARTIES ACKNOWLEDGE THAT THE TERM SHEET IS NON-BINDING AND DOES NOT CREATE A FINANCIAL OR LEGAL OBLIGATION. 
          WHAT THAT MEANS IS THAT THERE WOULD BE DEFINITIVE AGREEMENTS -- AND I HAVE A SLIDE HERE IN A COUPLE OF MINUTES THAT WILL OUTLINE DEFINITIVE AGREEMENTS THAT WOULD ACTUALLY DETAIL ALL OF THESE OBLIGATIONS OUT. SO THE PROPOSED TIMELINE AND NEXT STEPS THAT I'M PROPOSING TO THE COUNCIL IS THAT OBVIOUSLY WE'RE HERE TODAY TO GET SOME INPUT FROM THE -- FROM YOU ALL, THE MAYOR AND CITY COUNCIL AND CONTINUED NEGOTIATIONS. I WOULD SHARE THAT REVISED TERM SHEET WITH THE SPURS NEXT WEEK. WE WOULD CONTINUE TO NEGOTIATE THOSE TERM SHEETS -- THAT TERM SHEET AND COMMUNITY BENEFITS WITH THE SPURS. I'M PROPOSING THAT NEXT WEEK ON JULY 31ST WE WOULD UPDATE THE COUNCIL ON TWO AREAS. THE ECONOMIC IMPACT ANALYSIS OF THE DISTRICT AS WELL AS THE COMMUNITY ENGAGEMENT REPORT AS WELL AS RECOMMENDED EXECUTIVE SESSION BRIEFING ON THE STATUS OF NEGOTIATIONS, IS WHERE WE'RE AT NEXT WEEK. 
          AUGUST 6 WOULD BE A B SESSION PRESENTATION ON THE FINAL TERM SHEET AND COMMUNITY BENEFITS. 
          AND AUGUST 21ST CITY COUNCIL CONSIDERATION OF THE TERM SHEET. 
          SEVERAL OF YOU ASKED ABOUT FUTURE CITY COUNCIL ACTIONS. THESE ARE ADDITIONAL THINGS BEYOND THAT WOULD NEED TO OCCUR. OBVIOUSLY, THE ESTABLISHMENT OF THE OWNERSHIP ENTITY FOR THE ARENA, THE PROPERTY ACQUISITION DOWN THE ROAD LATER ON THIS YEAR WITH ITC AND GSA. AND THEN A WHOLE LITANY OF DEFINITIVE AGREEMENTS THAT INCLUDE MANY OF THE DETAILED TERMS THAT I OUTLINED. GUARANTEES, DESIGNS, FUNDING AND ECONOMIC DEVELOPMENT AGREEMENTS AND SO FORTH. SO, THE REQUESTED COUNCIL DIRECTION TODAY IS ON WHETHER OR NOT WE CONTINUE TO NEGOTIATE UNDER THE CURRENT STRUCTURE THAT WE PROPOSED IN JUNE. AND PROVIDE THE COUNCIL AN UPDATE NEXT WEEK. 
          THANK YOU, MAYOR. >> MAYOR JONES: THANK YOU, ERIK. 
          ACTUALLY, ERIK, IN CASE SOME OF THESE QUESTIONS THAT I ASK RIGHT NOW MAY SHORTEN THE LINE 
          [00:35:04]
OF FOLKS, WHY DON'T WE SEE IF WE CAN ADDRESS SOME OF THESE? THE $35 MILLION OVER 20 YEARS FOR EARLY CHILDHOOD EDUCATION, JUST A LEVELSET FOR FOLKS HOW THAT RELATES TO THE CURRENT BUDGET FOR PRE-K 4 SA. PRE-K 4 SA, THEIR BUDGET IS $56 MILLION A YEAR. 
          ON THE COMMITMENT ON THE DOLLAR VALUE, GOING BACK TO THE POINT I WAS MAKING EARLIER, ABOUT NEEDING TO UNDERSTAND THE NEGOTIATING SPACE. SOME OF THOSE REVENUE STREAMS THAT THE CITY MANAGER JUST OUTLINED THAT WE WOULD NOT HAVE ACCESS TO, THOSE ARE THE THINGS I WAS TALKING ABOUT. AT THIS POINT WE DON'T HAVE A SENSE OF WHAT THE VALUE OF THE NAMING RIGHTS IS, WHAT IT'S BEEN OVER THE LAST COUPLE OF YEARS, TO REALLY GET A SENSE OF WHAT WE MAY BE NEGOTIATING AWAY. SO AS YOU HEAR THIS, IT IS LIKELY WE MAY NOT HAVE THAT INFORMATION, AS WELL AS -- I'LL JUST ASK. 
          ERIK, DO WE ANTICIPATE AN ANSWER ON ADDITIONAL FUNDING FROM THE SPURS' OWNERS? 
          >> WALSH: WELL, NO. I DON'T THINK SO, MAYOR. BUT THAT'S NOT THE STRUCTURE THAT WE'RE OPERATING UNDER. THEY -- OUR CONTRIBUTION, AS WE'VE LAID BUT NEED TO NEGOTIATE -- WOULD BE BASED ON THEIR GUARANTEES TO US AROUND DEVELOPMENT AND LEASES. 
          AND I THINK A PART OF THE ANSWER THAT THEY HAVE GIVEN -- I SHOULDN'T SAY I THINK. 
          A PART OF THE ANSWER THEY HAVE GIVEN WAS THEY ARE TAKING ON ADDITIONAL RISK WITH THEIR PORTION AS WELL AS THE GUARANTEES. SO I DON'T THINK IT'S LIKELY. 
          >> MAYOR JONES: OKAY. OKAY. I'M GOING TO CALL THE INDIVIDUALS UP THAT HAVE SIGNED UP TO SPEAK. ALL INDIVIDUALS WILL HAVE THREE MINUTES TO SPEAK AND GROUPS OF THREE OR MORE WILL HAVE A TOTAL OF NINE MINUTES. 
          WRITTEN COMMENT MAY BE SUBMITTED TO THE CITY CLERK FOR DISTRIBUTION TO THE COUNCIL. 
          THE PLAYING OF RECORDINGS IS NOT PERMITTED AND THE FIRST PERSON IS STEVEN FOLLOWED BY 
          FATHER RICHARD AGUILAR. >> HI NAME IS STEVE [INDISCERNIBLE] AND I AM A BOARD MEMBER OF GOVERNMENT HILL TOMORROW COMMUNITY ASSOCIATION. 
          TODAY I REPRESENT ONLY MYSELF THOUGH . IT IS A PLEASURE TO SPEAK TO THIS NEW COUNCIL. I WANT TO ENCOURAGE SOME CRITICAL THINKING HERE TODAY. 
          A VERY ENLIGHTENING NEW BOOK IS CALLED IN COVID'S WAKE, HOW OUR POLITICS FAILED US. 
          THIS BOOK LOOKS AT THE DATA WE HAVE TODAY, WHICH SHOWS THAT THE ONLY AFFECTED MEASURE WAS THE VACCINE. THE POLITICS OPPOSED TO THE VACCINE WAS A FAILURE. 
          ALSO ALL THE QUOTE, UNQUOTE FOLLOWING THE SCIENCE PRIOR TO THE VACCINES. 
          THE SCIENTISTS WERE NOT FOLLOWING PRE-COVID RECOMMENDATIONS. 
          INSTEAD, SCIENTISTS WERE FOLLOWING A KNEE-JERK REACTION TO DO THE MEASURES THE CHINESE USED. SCIENTISTS WERE NOT TRANSPARENT ABOUT THE LACK OF DATA BEHIND THE RECOMMENDATIONS AND POLITICIANS DID NOT USE CRITICAL THINKING TO PROBE TO FIND OUT WHERE THESE UNCERTAINTIES WERE. TODAY WE'VE HEARD A WELL-PREPARED BRIEFING BUT WE HEAR ABOUT THE UNCERTAINTY ABOUT WHETHER THE SPURS COULD FIND OTHER FUNDING TO MAKE THIS HAPPEN. WILL WE HEAR ABOUT THE UNCERTAINTY OF WHETHER THE SPURS WILL TAKE A BETTER OFFER? WILL WE HEAR ABOUT THE UNCERTAINTY OF THE RETURN ON INVESTMENT WILL BE THERE? WE WILL HEAR ABOUT THE UNCERTAINTY ABOUT WHETHER THE SPURS WILL REJECT THIS DEAL IF THE CITY BONDS FAIL? IS THERE NO OTHER WAY? WILL WE HEAR ABOUT THE UNCERTAINTY ABOUT WHETHER THE LAND BRIDGE WILL BE ALLOWED BY THE STATE? WHERE THE BONDS PROPOSED WILL TAKE AWAY FROM BOND FUNDS IN 2027? TAKE AWAY FUNDS FROM RESIDENTS' STRUCTURE PRIORITIES LIKE FLOOD CONTROL AND AFFORDABLE HOUSING. SOME PRESENTED WERE NOT INFRASTRUCTURE BUT THINGS THE CITY CAN DO TODAY LIKE INCREASING ILLEGAL PARKING FEES IN DENVER HEIGHTS. 
          URBAN NEIGHBORHOODS WERE GLAD WHEN THE DECADE OF DOWNTOWN ENDED BECAUSE THEY HAD A CHANCE FOR MORE CITY FUNDS TO BE ALLOCATED FOR ISSUES AFFECTING THEM. 
          THE DOGMATIC IDEA THAT THE SPURS NEED ALL THIS BECAUSE OTHER CITIES ARE DOING THIS. 
          AT THE SUMMIT LAST FALL, STAFF WAS TRAINED ON THE ART OF PERSUASION. 
          PLEASE USE CRITICAL THINKING AND PROBE TO MAKE SURE THAT THE RAW DATA IS SHARED WITH 
          [00:40:02]
RESIDENTS. IN THE PANDEMIC, PEOPLE WERE DYING AND SOMETHING HAD TO BE DONE. THE WHAT WE CHOOSE TO DO AND NOT DO WILL AFFECT LIVES, QUALITY OF LIVES, HEALTH, AND WELFARE. 
          AND I DARE SAY LIFE EXPECTANCY DOWN THE ROAD. LET'S BE OPEN MINDED, CRITICAL, AND FLEXIBLE IN OUR THINKING AND LET'S BE SURE THE POLITICAL DECISIONS FACING US TODAY USE 
          THAT TYPE OF THINKING. THANK YOU. >> MAYOR JONES: THANK YOU. 
          FATHER AGUILAR FOLLOWED BY CECILY ARMSTRONG. FATHER, YOU HAVE THREE 
          MINUTES. >> GOOD AFTERNOON, MADAME MAYOR AND MEMBERS OF COUNCIL. 
          I TAKE A MOMENT OF PERSONAL PRIVILEGE JUST TO SAY THAT I COMMEND YOU BECAUSE EACH OF YOU LOOK LIKE SAN ANTONIO. MY FAMILY HAS LIVED IN THIS CITY FOR 150 YEARS. 
          100 YEARS IN 78207, WHAT IS NOW DISTRICT 5. LATER MY FAMILY LIVED IN DISTRICT 9. DISTRICT 3. AND NOW I CURRENTLY RESIDE WITH MY WIFE OF 40 YEARS IN DISTRICT 10. I'M A FAN OF THE SAN ANTONIO SPURS BUT I AM NOT A FAN OF THIS PLAN. IT DOESN'T MAKE SENSE TO ME SPIRITUALLY, MORALLY, AND ECONOMICALLY. IF YOU DO RESEARCH, YOU WILL HEAR WHAT'S HAPPENED WITH PROFESSIONAL STADIUMS AND ARENAS IN PLACES LIKE BUFFALO, MINNEAPOLIS, ORLANDO WHERE IT JUST DOESN'T WORK. IT JUST DOESN'T WORK. 
          IN SAN FRANCISCO AND IN LOS ANGELES, THE OWNERSHIP OF THE NBA TEAMS PAID FOR THEIR ARENA. IF THE SPURS WERE ABLE TO RAISE SEVERAL HUNDRED MILLION DOLLARS FOR THIS PROJECT JUST OVER THE LAST FEW DAYS, WHY CAN'T THEY RAISE A LITTLE BIT MORE TO PAY FOR THE ARENA THAT THEY WILL HAVE ALL RIGHTS TO? AS I SAID, I HAVE BEEN TO MANY SPURS' GAMES FROM THE TIME THE HEMISFAIR ARENA WHERE IT WAS ONE DOLLAR TO SIT IN THE NOSEBLEED SEATS, AND EVEN SAT IN THE OWNER'S BOX WITH A HIGH SCHOOL FRIEND AND HIS PARENTS. 
          THE SPURS ARE GREAT FOR SAN ANTONIO. THEY MAKE SAN ANTONIO PROUD. 
          THEY HAVE INTEGRITY AND THEY'RE SUCCESSFUL. I WOULD HOPE THAT THE OWNERSHIP OF THE SPURS WOULD TAKE THE LEAD IN SHOWING INTEGRITY AND SHOWING SUCCESS BY ASSUMING THEIR FAIR SHARE OF THEIR RESPONSIBILITY. AND I ASK YOU, AS MEMBERS OF THE CITY COUNCIL AND YOU, MADAME MAYOR, THAT YOU REVEAL THAT YOU LOOK LIKE SAN ANTONIO BUT ALSO ACT LIKE SAN ANTONIO WHERE WE HAVE HOUSING NEEDS, AFFORDABLE HOUSING NEEDS. 
          WE HAVE NEEDS OF INFRASTRUCTURE. YOU HAVE MENTIONED, MADAME MAYOR, OF THIS DEBT THAT THE CITY HAS. I CAN'T IMAGINE HOW THAT DEBT HAPPENED WITH TAX ABATEMENTS AND OTHER PRIVILEGES THAT WE DEFINED AS WELFARE TO THE RICH. THAT HAS TO STOP. OTHERWISE, THIS CITY WILL NOT GROW. IT WILL NOT PROSPER. AND THAT'S WHAT I WANT FOR MY HOMETOWN. THANK YOU VERY MUCH. [APPLAUSE] 
          >> MAYOR JONES: THANK YOU, FATHER. I'M GOING TO CALL UP THREE OTHER FOLKS JUST AS THEY HAVE A FUNERAL TO ATTEND. SO PERSONAL LIBERTY HERE. 
          SO THE NEXT ONE WILL BE REENA ODEN FOLLOWED BY FATHER DRENNEN, FOLLOWED BY MIKE PHILIPS. EACH WILL HAVE THREE MINUTES . IT'S A GROUP SO YOU HAVE NINE 
          MINUTES. >> THANK YOU VERY MUCH. THANK YOU, MAYOR AND CITY COUNCIL FOR THE OPPORTUNITY TO BE WITH YOU. I'M FATHER JIMMY DRENNEN. 
          I AM THE PASTOR OF ST. MARY MARGARET CATHOLIC CHURCH AND WILL BE DIRECTED AFFECTED BY ALL OF THIS PROJECT MARVEL. I AM A PART OF COPS/METRO AND I'M HERE WITH THE TEAM FROM COPS/METRO. I WANT TO BEGIN BY ACKNOWLEDGING THE $1 BILLION NUMBER THAT WAS PLACED IN THE NEWS MEDIA TODAY RECOGNIZING THAT ONLY $500 MILLION IS DESIGNATED SPECIFICALLY FOR THE ARENA. THAT IS ONE-THIRD OF THE COST -- PROJECTED COST OF THE ARENA AND IT'S ONLY 10% OF THE PROJECTED COST OF PROJECT MARVEL. ABOUT A MONTH AGO I HAD THE OPPORTUNITY TO MEET WITH PETER HOLT AND THE TEAM REPRESENTING THE SPURS SPORTS AND ENTERTAINMENT. 
          AND IN THAT CONVERSATION I WAS ASKED BY MR. HOLT WHAT I WOULD EXPECT FROM THE SPURS. 
          [00:45:01]
AND I SAID, WELL, WHAT WE WOULD LIKE TO DO IS WE WOULD LIKE TO BEGIN WITH YOU PAYING 100% FOR 
          THE COST OF THIS ARENA. I SAID -- >> [APPLAUSE] AND THEN WE WANT TO NEGOTIATE FROM THAT POSITION AND NOT WITH THE CITY PAYING 100% AND NEGOTIATING THE OTHER WAY. WITH THEM ARRIVING AT 33%, THEY HAVE DONE THE EXACT OPPOSITE. THEY HAVE US BEGINNING AT 100% AND WORKING TO THEM. 
          THEY NEED TO TAKE RESPONSIBILITY AND PAY FOR THIS ARENA IF THEY WANT IT. 
          [APPLAUSE] I ALSO WANT TO NOTE THAT WITH THE PROPOSAL THAT'S BEEN MADE, WE HAVE NO IDEA WHERE THE REVENUES ARE GOING TO COME FOR THE ADDITIONAL $500 MILLION AND HOW THAT IS GOING TO ULTIMATELY AFFECT THE CITY OF SAN ANTONIO. 
          AND AS WE'VE HEARD, WE ALSO DON'T KNOW THE DETAILS OF THE COMMUNITY IMPACT AND WE DO HAVE A HISTORY WITH THE COMMUNITY IMPACT BY ORGANIZATIONS. WE ARE PEOPLE WHO LOVE AND APPRECIATE THE SPURS. AND WE KNOW WITH COMPLETE CONFIDENCE THAT THEY CAN AFFORD TO BUILD THIS ARENA. AND SO WE BEGIN WITH THAT. WE MET WITH COMMISSIONER CALVERT WITH THE COUNTY AND COMMISSIONER CALVERT MADE US AWARE THAT THERE WAS SUPPOSED TO BE A REVENUE STREAM COMING TO THE COUNTY FROM THE SPURS IN REGARDS TO THE 20% OF THE PROFITS FROM CONCESSIONS. OVER A 22-YEAR PERIOD WHERE THERE WAS SUPPOSED TO BE A REVENUE STREAM TO THE COUNTY, NOT A SINGLE DOLLAR WAS COLLECTED, ACCORDING TO COMMISSIONER CALVERT FROM THAT BECAUSE IT DID NOT MEET THE THRESHOLD THAT WAS DRAWN UP. 
          SO THE REVENUES THAT WERE HOPED FOR WERE NEVER RECEIVED. WE HAVE TO MAKE SURE THAT THE DETAILS THAT ERIK WALSH SPOKE OF ARE SPELLED OUT AND THEY ARE IN A CONTRACT, A BINDING CONTRACT THAT THIS CITY WILL BE ABLE TO UTILIZE OVER THE COMING 30 YEARS. 
          THAT IS GOING TO TAKE TIME. AND WE NEED TO MAKE SURE THAT WE EFFECTIVELY, EFFECTIVELY DEAL WITH EVERY SINGLE ONE OF THE DETAILS. I BEGAN WITH 100% BEING PAID BY THE SPURS BECAUSE I WANT EVERYONE IN HERE TO KNOW THAT NOT ONLY DO WE HAVE A BUDGET SHORTFALL AND THAT THE ASSETS THAT THE SPURS SPORTS ENTERTAINMENT HAVE EXCEED 30 TIMES, BUT WHEN WE LOOK AT THE COMBINED OWNERSHIP AND THE ASSETS OF THE HOLTS, OF MICHAEL, DALE, AND JAMES, TOGETHER ARE WORTH $140 BILLION. 
          THE BUILDING OF THIS ARENA AND PROJECT MARVEL IS SOMETHING THEY COULD HANDLE IN A SINGLE CHECK. WE KNOW THAT WE NEED TO WORK IN A WAY THAT PROVIDES FOR OUR CITY. THE LAST THING I WOULD SAY IS THIS, AS I HAND IT OVER TO THE NEXT PERSON, IS THAT WE WANT TO MAKE SURE THAT EVERYONE UNDERSTANDS THAT IT'S NOT JUST THE DOLLARS THAT ARE GOING TO BE TAKEN FROM THE CITY OF SAN ANTONIO AND THE NEEDS THAT WE HAVE HERE, IT'S GOING TO BE OUR ATTENTION. WE ARE GOING TO BE FOCUSED, SINGULARLY ON THIS EVENT, THE LARGEST PROJECT THAT OUR CITY HAS EVER TAKEN UPON ITSELF, THE FOCUS OF OUR CITY COUNCIL, THE FOCUS OF OUR RESOURCES, AND THE ENERGY OF THIS CITY IS GOING TO BE FOCUSED ON THAT AND IT'S GOING TO HAVE A DETRIMENTAL EFFECT ON THE REST OF OUR CITY. WE WANT TO MAKE SURE THAT THAT DOES NOT HAPPEN. 
          AND SO WE ARE ASKING THAT THE CITY NOT VOTE TO PUT THIS ON THE NOVEMBER BALLOT. 
          WE ARE ASKING THAT THIS NOT BE PUT ON THE NOVEMBER BALLOT BUT THAT WE TAKE TIME TO GET THOSE DETAILS AND GET THEM WRITTEN IN A CONTRACT AND WE CONTINUE TO FIGHT THAT SAN ANTONIO DOES NOT 
          USE OUR TAXES TO BUILD THIS ARENA. >> MIKE PHILIPS WITH THE FIRST UNITARIAN UNIVERSALIST CHURCH AND A LEADER WITH COPS/METRO. COPS/METRO CONTINUES TO SIGN UP VOTERS IN OPPOSITION TO ALL OF PROJECT MARVEL BECAUSE WHEN WE TALK TO FOLKS THEY TELL US THEY DON'T WANT ANY OF OUR PUBLIC TAX DOLLARS USED FOR PRIVATE DEVELOPMENT. 
          THIS IS STILL OUR PUBLIC TAX MONEY. WE NEED TO -- WE THINK IT'S TIME TO STOP ABUSING THE CITIZENS OF THE THIRD POOREST BIG CITY IN THE COUNTRY. 
          AND SO WE ARE CONTINUING TO SIGN UP THOUSANDS OF VOTERS AGAINST THIS DEAL. 
          THERE ARE COPS/METRO LEADERS OUTSIDE THE COUNCIL CHAMBERS COLLECTING SIGNATURES AGAINST 
          [00:50:04]
IT RIGHT NOW AS WE SPEAK AND WE INVITE THE MAYOR AND COUNCIL TO ADD THEIR NAMES TO THE LIST AS 
          WELL. [APPLAUSE] >> HELLO. 
          MY NAME IS RENEE ODEN. I'M WITH MACEDONIA BAPTIST CHURCH. 
          I AM A COPS/METRO LEADER. MAYOR JONES, COUNCIL MEMBERS, WHY ARE WE EVEN CONSIDERING PROJECT MARVEL WHEN THERE'S SUCH A HUGE DEFICIT, $170 MILLION BY 2027? WE HAVE OVER $5 BILLION, $5 BILLION IN UNMET NEEDS IN THIS CITY. 
          PROJECT MARVEL, UNMET NEEDS. PROJECT MARVEL, UNMET NEEDS. THE Q2 STADIUM IN AUSTIN IS 100% PRIVATE FUNDING, SO IS THE STADIUM FOR THE MIAMI DOLPHINS FOOTBALL TEAM, THE HARD ROCK STADIUM IN FLORIDA . 100% PRIVATELY FUNDED. PROJECT MARVEL, $5 BILLION, UNMET NEEDS. THE SPURS CAN AFFORD THIS. WE'RE THE THIRD LARGEST, POOREST CITY IN THE COUNTRY. NOT LAUGHABLE AT ALL. ON OUR BACKS, EARLY JUNE WE LOST 13 SOULS TO FLOODING, SOMETHING THIS CITY KNOWS ABOUT, CAN DO SOMETHING ABOUT. 
          BUT WE'VE CHOSEN NOT TO. PROJECT MARVEL, THE CITIZENS OF SAN ANTONIO. 
          IT'S NOT A HARD CHOICE. WE LOVE THE SPURS. WE THINK ECONOMIC DEVELOPMENT IS THE RIGHT THING TO DO FOR OUR CITY. BUT IS THIS THE RIGHT PROJECT? WE ASK AGAIN DO NOT PUT THIS ON THE BALLOT FOR NOVEMBER. THANK YOU. 
          [APPLAUSE] >> MAYOR JONES: THANK YOU, COPS/METRO. 
          CECILY ARMSTRONG, YOU HAVE THREE MINUTES. YOU'LL BE FOLLOWED BY GRACIELA 
          SANCHEZ. >> HI. THANK YOU SO MUCH. 
          GOOD AFTERNOON AND THANK YOU, MAYOR JONES, MEMBERS OF THE CITY COUNCIL, ERIK WALSH, I THINK LORI HOUSTON IS HERE SOMEWHERE AS WELL. I AM CECILY ARMSTRONG. 
          I'M A NATIVE SAN ANTONIAN ORIGINALLY FROM THE SOUTH SIDE. 
          I'M THE CEO OF SAN ANTONIO-BASED WOMEN IN FILM AND TELEVISION TEXAS. 
          WE REPRESENT THE TV INDUSTRY GLOBALLY. WE ARE A CHAPTER OF 13,000 MEMBERS FOUNDED IN LOS ANGELES IN 1973. I'M ALSO THE CEO AND EXECUTIVE PRODUCER OF THE TEXAS MEDIA AND ENTERTAINMENT SUMMIT CHAL BE HERE IN SAN ANTONIO AT THE TOBIN, THE CELESTIAL AWARDS ALL HEADQUARTERED IN D1 DOWNTOWN. SO I HAVE A VESTED INTEREST IN -- WE'RE NOT CALLING IT PROJECT MARVEL, A SPORTS AND ENTERTAINMENT DISTRICT, AS WELL AS THE ARENA. OUR OVERARCHING QUESTION IS ARE WE REALLY LOOKING AT THE LONG VALUE OF THIS? THAT'S HOW WE WOULD LOOK AT IT IN THE INDUSTRY. 
          I HAVE BUILT A GLOBAL CAREER IN MEDIA FROM NEW YORK, LOS ANGELES, LONDON, AND ENTERTAINMENT. I CAME HOME TO SAN ANTONIO TO INVEST IN SAN ANTONIO . 
          HERE ON THE HEELS OF SEVERAL YEARS CONSULTING FOR EAST COAST PRIVATE EQUITY FIRMS. I SAY THIS BECAUSE IT WAS THE DATA. THAT DATA, THAT VERY WELL FUNDED TEAMS OF ANALYSTS SPOKE EVEN LOUDER THAN MY EMOTIONAL REASONS FOR WANTING TO MOVE HOME. LET'S BE CLEAR. SPORTS ENTERTAINMENT IS NOT A LUXURY, IT'S AN INFRASTRUCTURE, AN ECONOMIC DEVELOPMENT PLAY. THE SPORTS ENTERTAINMENT DISTRICT IS A RECURRING REVENUE AND LONG MODEL AND THE ARENA IS THE TENT POLE IP. 
          [00:55:04]
I WOULD LIKE TO SEE WHAT THE LONG TAIL PROJECTIONS ARE. THE NUMBERS DON'T LIE. 
          I SAY LET'S FOLLOW THE MONEY AND REINVEST IN OURSELVES. I SAY MORE DATA IN A RECENT OP-ED I DID IN THE SAN ANTONIO BUSINESS JOURNAL ABOUT THIS, BUT LET'S LOOK AT TWO INSTANCES. THE IMPACT OF THE NCA FINAL FOUR WAS AN INCREDIBLE $440 MILLION IMPACT. SB22 THAT JUST PASSED, $1.5 BILLION. 
          WHEN WE SAW 1923 HERE THAT I WORKED HERE ALONG WITH THE CITY OF SAN ANTONIO, WE SAW AN INCREDIBLE IMPACT IN ONE DAY OF SHOOTING, BECAUSE THEY WERE HERE FOR MANY MONTHS IN PRE-PRODUCTION. THESE AREN'T PROJECTIONS, THESE ARE RECEIPTS AND THERE'S MORE TO COME WITH A BONA FIDE SPORTS AND ENTERTAINMENT DISTRICT. LET ME ALSO SAY THIS. 
          THE RISE OF WOMEN'S SPORTS IS NO LONGER A TREND, IT'S AN ECONOMIC JUGGERNAUT WAITING TO HAPPEN HERE IN SAN ANTONIO. WE CAN BE A NATIONAL LEADER IN THIS SPACE BUT WE NEED THE INFRASTRUCTURE TO DO IT. AND WITH RECORD UNIVERSITY ENROLLMENT HERE IN OUR DEEPLY-ROOTED SPORTS CULTURE, WE HAVE A BUILT-IN AUDIENCE READY TO GO RIGHT NOW. 
          ON BEHALF OF WOMEN AND FILM AND TELEVISION TEXAS, WE ARE FOR THE SPORTS ENTERTAINMENT DISTRICT AND THE STADIUM. THANK YOU SO MUCH . [APPLAUSE] 
          >> MAYOR JONES: THANK YOU, MS. ARMSTRONG. IN CASE -- GRACIELA, ONE SECOND. IN CASE THIS AFFECTS ANYONE ELSE'S COMMENTS, ERIK, WOULD YOU CLARIFY WHAT WOULD AND WHAT WOULD NOT BE ON THE BALLOT THIS NOVEMBER IF THIS BODY CALLED 
          FOR THAT? >> WALSH: THANK YOU, MAYOR. THAT'S A GREAT QUESTION BECAUSE SEVERAL OF THE COMMENTS HAVE BEEN MADE. THE ITEMS THAT -- THE STRUCTURE THAT I DISCUSSED EARLIER THAT I PRESENTED IS NOT SOMETHING THAT WOULD GO TO THE VOTERS. 
          IT WOULD BE APPROVED BY THE COUNCIL. THE ITEM THAT MAY, IF THE COUNTY CHOOSES TO GO TO THE VOTERS, WOULD BE THE VENUE TAX. 
          THE ONLY OTHER AREA OF POTENTIAL VOTERS, AS WE HAVE DISCUSSED IN THESE CHAMBERS BEFORE, WOULD BE A GENERAL OBLIGATION INFRASTRUCTURE BOND, WHICH WOULD GO TO THE VOTERS. 
          I AM -- I WILL LAY THIS OUT TO THE COUNCIL. ON AUGUST 6, AS IT RELATES TO OUR ANNUAL BUDGET AND HOW WE SHOULD BE GLOBALLY LOOKING AT INFRASTRUCTURE DOWNTOWN, NOT JUST DOWNTOWN. THAT WAS ONE OF THE MAJOR THEMES THAT I GOT AWAY FROM THE COMMUNITY ENGAGEMENT PROCESS. SO WE'RE NOT RECOMMENDING THAT AT THIS POINT TO DO THAT IN NOVEMBER. AND WE'LL LAY OUT ADDITIONAL DETAILS AS WE GO THROUGH THE BUDGET. AND REALLY SORT OF ADDRESS THE BROADER INFRASTRUCTURE ISSUES 
          YOU MENTIONED AT THE BEGINNING OF THE MEETING, MAYOR. >> MAYOR JONES: SO THEN TO CLARIFY, THERE IS NO PUBLIC VOTE ON ANYTHING EXCEPT INFRASTRUCTURE. 
          >> WALSH: YES, MA'AM. >> GRACIELA SANCHEZ FOLLOWED BY PHILLIP ADCOCK. 
          >> I HAVE OTHER PEOPLE WHO SIGNED UP. EVA, OLIVIA, AND SHERRY CAMPOS. I'M ONLY TAKING THE NINE MINUTES. 
          AND I'M HERE REPRESENTING THE ESPERANZA PEACE AND JUSTICE CENTER AND SEVERAL PEOPLE THAT ARE GOING TO SPEAK TODAY ARE ALSO COMMUNITY MEMBERS OF THE ESPERANZA PEACE AND JUSTICE 
          CENTER. >> MAYOR JONES: ONE SECOND. I WANT TO MAKE SURE DO WE WANT TO START THE CLOCK FOR NINE MINUTES, VERSUS THE THREE MINUTES? 
          THANKS. GO AHEAD, PLEASE. >> MY NAME IS GRACIELA SANCHEZ. I'M HERE REPRESENTING THE ESPERANZA PEACE AND JUSTICE CENTER, A 38-YEAR-OLD CULTURAL ARTS SOCIAL JUSTICE ORGANIZATION. 
          WITH ME ARE MANY OTHER FOLKS IN THE AUDIENCE WHO SHARE THE SAME SENTIMENT ABOUT PROJECT MARVEL. FOR THE FIRST 30 YEARS OF MY LIFE, DOWNTOWN WAS A PLACE FOR FOLKS FROM SAN ANTONIO. MY FAMILY HAS LIVED IN SAN ANTONIO SINCE THE 1890S AND MY GREAT GRANDMOTHER LIVED TWO BLOCKS FROM HERE ON LAREDO AND COMMERCE STREET. 
          WHEN WE WERE KIDS, MY DAD WOULD TAKE THE FAMILY DOWNTOWN, FIND FREE PARKING, GO TO THE BANK, SHOP AT SOLO SERVE, JOSKE'S AND OTHER STORES. EAT AT MEXICAN MANHATTAN OR CONEY ISLAND AND HEAD BACK HOME. AS KIDS, WE WOULD CATCH THE BUS, GO TO THE PUBLIC LIBRARY, CHECK OUT LOTS AND LOTS OF BOOKS, PLAY DOWN ON THE SAN ANTONIO RIVER, EAT FOR LESS THAN $5, AND THEN HEAD HOME, ALSO ON THE BUS. 
          BUT NOW BUSES DON'T DROP BROWN AND BLACK PEOPLE DOWNTOWN, PARKING COSTS $20 OR MORE PER HOUR. EATING OUT DOWNTOWN ARE FOR THOSE WHO CAN AFFORD AT LEAST 
          [01:00:05]
$100, AND YOU CAN'T SHOP FOR CLOTHES UNLESS YOU GO TO GOODWILL AND THANK GOODNESS IT IS STILL DOWNTOWN. PROJECT MARVEL IS GOING TO MAKE DOWNTOWN FOR LOCAL RESIDENTS TO EAT, PLAY, WORK, OR LIVE  IN NOT -- EVEN LESS ACCESSIBLE. SHAME ON CITY STAFF:  ERIK WALSH, LORI HOUSTON FOR CONCOCTING A $4 BILLION DEAL BEHIND CLOSED DOORS DURING THE LAST THREE YEARS WITH THE SAN ANTONIO SPURS TO BUILD A NEW ARENA, AN ENTERTAINMENT CENTER, A NEW CONVENTION CENTER HOTEL -- WELL, PROJECT MARVEL. YES, WE JUST GOT LATE NOTICE THAT THE SPURS WILL INVEST A BILLION DOLLARS DUE TO PRESSURE PLACED ON THE SPURS BY THE MAYOR AND OTHERS, BUT THAT'S STILL VERY LITTLE, AS THE FOLKS FROM COPS/METRO JUST MENTIONED. A THIRD OF OUR COMMUNITY, OR HALF A MILLION PEOPLE IN THIS CITY, ARE POOR. WE CAN STILL BOAST THAT WE ARE ONE OF THE MOST ECONOMICALLY-SEGREGATED CITIES IN THIS NATION AND WE SHOULD BE ASHAMED OF THAT STATUS. 
          [APPLAUSE] SINCE WE FIRST LEARNED OF THIS SAD TRUTH, CITY -- THIS REALITY OF BEING AN ECONOMICALLY-POOR CITY, CITY STAFF HAS NOT FIGURED OUT HOW TO PLAY MAGIC WITH ALL THEIR TOOLS TO PULL PEOPLE OUT OF POVERTY. HOWEVER, WE HAVE FOUND LOCAL, STATE, AND FEDERAL FUNDS TO SUPPORT THE $4 BILLION PROJECT MARVEL WHICH WILL CONTINUE TO CREATE LOW-PAYING JOBS IN THE TOURIST-BASED, SERVICE-BASED ECONOMY. 
          HOTEL HOUSEKEEPERS IN SAN ANTONIO MAKE AN AVERAGE OF $14 AN HOUR. 
          YOU CAN'T BUY A HOUSE WITH THIS ANNUAL INCOME OF LESS THAN $29,000. 
          AND DEFINITELY CAN'T AFFORD THE THOUSAND DOLLAR-PLUS RENTAL FEES THAT MOST APARTMENTS CHARGE. TOURIST FUNDING THAT SHOULD BE ALLOCATED TO OUR INNER CITY, COMMUNITIES WILL BE TAKEN FROM US. AT ONE POINT MID-TOWN BUSINESSES COULD HAVE REQUESTED FUNDS FROM MID-TOWN TIRZ BUT NOW WE'RE HEARING THAT THAT MONEY WILL ALSO BE ALLOCATED TO PROJECT MARVEL, ALTHOUGH I DIDN'T HEAR IT HERE BUT I DID HEAR IT AT OTHER COMMUNITY VENUE MEETINGS. THESE FUNDS SHOULD BE INVESTED TO IMPROVE OUR INNER CITY, NEIGHBORHOODS WHO WERE RED LINED IN THE 1930S. 
          BY SUPPORTING PROJECT MARVEL, THE CITY AND COUNTY CONTINUE TO DISINVEST IN THE COMMUNITIES THAT NEED FUNDS THE MOST AND WE CONTINUE TO INHERIT THE NEW REDLINING THAT THE CITY AND COUNTY ARE CREATING IN 2025, JUST TO SUPPORT PROJECT MARVEL. 
          OUR COMMUNITIES DESPERATELY NEED EXTREMELY AFFORDABLE HOUSING. 
          FOR FOLKS WHO MAKE LESS THAN $30,000 A YEAR, LIKE THE MEN AND WOMEN WHO WORK FOR THE TOURIST INDUSTRY OF SAN ANTONIO AND FOR THE NEW JOBS CREATED, THEY DON'T PAY WELL. 
          SO WHAT IS THE CITY DOING TO BUILD HOUSING THAT FOLKS CAN LIVE IN? WE INVESTED BILLIONS FOR LUXURY APARTMENTS DURING THE DECADE OF DOWNTOWN. 
          BUT THE $150 MILLION FOR THE 2022 HOUSING BOND HAS ONLY BUILT 10% OR LESS APARTMENTS OR REHABBED HOMES FOR PEOPLE WHO MAKE $30,000 OR LESS. LESS THAN 10% FOR OUR WORKING POOR PEOPLE. AND I SAY "WORKING POOR." AND NOTHING FOR FOLKS LIVING ON FIXED INCOMES WHO LIVE IN PUBLIC HOUSING OR LIVE IN CRAMMED HOUSEHOLDS OF 8 AND 12 PEOPLE. SAN ANTONIO RESIDENTS HAVE A MAJOR PROBLEM DISTRUSTING OUR CITY LEADERS. THERE'S A LOT OF CORRUPTION AND EXPLOITATION OF OUR PEOPLE IN OUR ENVIRONMENT. THROUGH PROJECT MARVEL WE ARE TAKING ASSETS FROM THE POOR, WORKING POOR, AND MIDDLE CLASS. IT'S LIKE THE SAYING SAYS: IT'S NOT THE POOR AND MIDDLE CLASS THAT ARE BEING LEFT BEHIND, IT'S THAT THEY, IT'S THAT WE ARE BEING ROBBED. YOU ARE A NEW COUNCIL VOTED BY PEOPLE WHO WANT CHANGE, WANT TO CHANGE THIS CULTURE OF CORRUPTION. 
          WITH LITTLE COUNCIL INPUT AND NO COMMUNITY INPUT. THE DISTRICT MEETINGS IN THE CITY IN JUNE WERE A JOKE. THE MAJORITY OF THE PARTICIPANTS, LESS THAN A THOUSAND IN A CITY OF ALMOST 1.5 MILLION CAME TO SPEAK OUT AGAINST PROJECT MARVEL, BUT THAT'S NOT WHAT THE MEETINGS WERE FOR. THEY WERE TO PLACE A CHECK MARK BY CITY STAFF TO SAY THEY HOSTED COMMUNITY MEETINGS AND CONSULTANTS WOULD SELECT THE COMMENTS TO SUPPORT THE FALSE NARRATIVE THAT THIS COMMUNITY WANTS PROJECT MARVEL. 
          WE'VE BEEN HERE MANY, MANY TIMES FIGHTING AGAINST PGA WHERE CITY STAFF MADE THE CITY COUNCIL AT THAT TIME SIGN A CONTRACT THAT HAD HUNDREDS OF PAGES THAT WERE BLANK PAGES 
          [01:05:06]
BECAUSE THEY DIDN'T ANSWER THE QUESTIONS. AND WE STILL AGREED -- THE COUNCIL VOTED ON THAT. THIS WILL BE THE FOURTH ARENA FOR THE SPURS AND WE'RE BEING THREATENED THAT IF WE DON'T SUPPORT IT, THEY'LL LEAVE. WE SHOULDN'T BE THREATENED BY AN ORGANIZATION LIKE THE SPURS THAT HAVE BEEN HERE FOR 50 YEARS WHO THE COMMUNITY HAS SUPPORTED AT THE ALAMODOME, AT THE FROST BANK FACILITY, AT THE ARENA. 
          WE SAY BASTA, DO NOT ACCEPT THIS BOONDOGGLE, THIS WASTE OF TAXPAYER DOLLARS. 
          WE HAVE A DEFICIT IN THE GENERAL BUDGET FOR THE NEXT THREE YEARS, WE SHOULD BE SITTING DOWN AND DISCUSSING HOW WE CAN FIND DOLLARS TO STOP ANY COST IN FUTURE FUNDING, THIS ON TOP OF FUNDS HITTING OUR CITY AS WELL . WE HAVE TO KEEP SUPPORTING OUR CHILDREN FROM K-12. WE HAVE TO FUND PROGRAMS THAT PROTECT OUR ELDERLY FROM ABUSE, FROM DYING OF EXTREME HEAT OR EXTREME COLD IN THEIR HOMES, FROM LONELINESS. 
          WE NEED TO HAVE MORE POOL HOURS AND EXPAND THOSE HOURS, YOU KNOW, FOR PEOPLE TO SWIM FOR SIX MONTHS IN THIS INCREASING CLIMATE HEAT ENVIRONMENT THAT WE WILL CONTINUE TO EXPERIENCE UNTIL WE DIE. WE NEED TO KEEP AND EXPAND LIBRARY HOURS, PARK HOURS, PUT TREES THROUGHOUT THE CITY, INCLUDING IN PARKS, ESPECIALLY. 
          AND FIX THE OUTDATED INFRASTRUCTURE, STREETS, DRAINAGE, AND WORK WITH COMPANIES TO PAY OUR PEOPLE FULL-TIME LIVING WAGES WITH BENEFITS. 
          PLEASE DO NOT SUPPORT PROJECT MARVEL. MUCHAS GRACIAS. 
          [APPLAUSE] >> MAYOR JONES: PHILLIP ADCOCK FOLLOWED BY JEFF 
          WEBSTER. >> HELLO, EVERYONE. I WANT TO TALK ABOUT THE PREVIOUS CITY COUNCIL AND THE TRACK RECORD THAT SAN ANTONIO HAS OF LETTING BILLIONAIRES PUSH THEM AROUND. THE SPURS ARENA, OF COURSE THIS ISN'T THE FIRST TIME THE MISSION'S OWNER ALSO PUSHED THE CITY AROUND TO BUILD A NEW ARENA. 
          THIS IS AN ONGOING TREND AND I'M HOPING THAT THE NEW CITY COUNCIL, THE NEW MEMBERS HAVE MORE OF A BACKBONE THAN THE ONES VOTED OUT AND ARE ABLE TO STAND UP AND SAY, NO, WE WON'T BE GIVING MORE PUBLIC RESOURCES AND MONEY WHEN YOU CAN AFFORD TO PAY YOUR OWN WAY. 
          I LIVE AT THE SOAP FACTORY AND A LOT OF US ARE GETTING DISPLACED BY ANOTHER DEAL. 
          IT HAPPENS EVERY TIME THERE'S PEOPLE WHO ARE FORGOTTEN. WE END UP BECOMING ROUNDING ERRORS. REALLY DON'T DO THAT AGAIN. STAND UP, HAVE A BACKBONE, CHANGE THE CITY AND HELP PEOPLE. THERE'S PUBLIC HOUSING THAT CAN BE HELPED. THERE'S TRANSPORTATION. THERE'S A MILLION DIFFERENT THINGS THAT THIS MONEY CAN BE SPENT ON RATHER THAN GIVING IT TO A BILLIONAIRE WHO CAN AFFORD TO PAY HIS OWN WAY. THIS IS HAPPENING ALL OVER THE COUNTRY. 
          PLEASE STOP THIS. THANK YOU. [APPLAUSE] 
          >> MAYOR JONES: JEFF WEBSTER, YOU WILL HAVE THREE MINUTES, FOLLOWED BY RENEE GONZALES. 
          >> GOOD AFTERNOON, MAYOR AND COUNCIL. MY NAME IS JEFF WEBSTER. 
          I'M THE PRESIDENT AND CEO OF THE GREATER SAN ANTONIO CHAMBER. 
          FIRST OF ALL, CONGRATULATIONS ON YOUR VICTORIES THAT PUT YOU HERE. 
          YOU HAVE AMAZING CHALLENGES IN FRONT OF YOU IN YOUR FIRST 30, 60, 90 DAYS. 
          AS SOMEBODY WHO SAT HERE AS A FORMER COUNCIL MEMBER, I RECOGNIZE THE CHALLENGES YOU'RE FACING. BIG DECISIONS THAT ARE GOING TO IMPACT WAY BEYOND YOUR TERM. 
          NO TWO WAYS ABOUT IT. THIS IS CONTROVERSIAL. IT'S NOT CONTROVERSIAL BECAUSE WE'RE DOING SOMETHING ILLEGAL, IT'S CONTROVERSIAL BECAUSE WE'RE THINKING OUTSIDE OF YOUR TERM. YOU SEE, IN 1929, A GROUP OF PEOPLE GOT TOGETHER AND LAID A PLAN OUT FOR THE RIVER WALK. IN 1966 A GROUP LAID OUT A PLAN FOR THE HEMISFAIR. 
          I PROMISE YOU WE HAD PEOPLE WHO SAID WHAT A FANTASTIC IDEA. AND I PROMISE YOU WE HAD PEOPLE WHO SAID WHAT A LOUSY IDEA, LET'S DON'T DO THAT. I PROMISE YOU THERE WERE PEOPLE IN 1973 THAT SAID WE DO NOT NEED AN NBA TEAM IN SAN ANTONIO. 
          IT'S HARD TO MAKE LONG-TERM DECISIONS. I HAVE SAT IN YOUR SEAT. 
          I HAVE BEEN A PART OF SOME OF THESE BIG DECISIONS AND I KNOW HOW DIFFICULT IT CAN BE BECAUSE YOU WON'T BE HERE, MAY NOT BE HERE TO REAP SOME OF THE BENEFIT AND THE SUCCESS OF THIS. BUT I WILL TELL YOU THIS IS AN INVESTMENT INTO THE FUTURE. 
          WE HAVE CASE STUDIES SHOWING BUSINESSES WHEN THEY RELOCATED, CORPORATE CULTURES MADE THOSE DECISIONS OVER THE QUALITY OF LIFE IN A COMMUNITY. THESE ARE QUALITY OF LIFE DECISIONS. THIS WILL CHANGE THE LIFE FOR A COUPLE OF THOUSAND CONSTRUCTION WORKERS THAT WILL WORK ON THESE PROJECTS. THIS WILL CHANGE THE LIFE OF 
          [01:10:02]
ENTREPRENEURS WHO WILL START BUSINESSES THAT WILL IMPACT FOR GENERATIONS TO COME. 
          I ENCOURAGE YOU TO THINK BEYOND YOUR TERM, BEYOND TODAY, AND LET'S SUPPORT A BIG VISION. 
          BUT, MAYOR, I APPLAUD YOU ON THE FACT OF YOU'VE GOT TO HAVE THE FACTS. 
          AND I AGREE WITH YOU 110%. LET'S GET ALL THE FACTS AND NUMBERS IN. 
          LET'S MAKE A BUSINESS DECISION THAT HAS A LONG-TERM IMPACT FOR OUR COMMUNITY. 
          I THANK YOU FOR WHAT YOU HAVE GOT IN FRONT OF YOU AS A COUNCIL. 
          PLEASE TAKE THE TIME TO DELIBERATE CAREFULLY BECAUSE THIS WILL IMPACT FUTURE GENERATIONS. THANK YOU ALL VERY MUCH. [APPLAUSE] 
          >> MAYOR JONES: THANK YOU. RENEE GONZALES FOLLOWED BY JOE LINDSON. 
          >> GOOD AFTERNOON, MAYOR AND COUNCIL MEMBERS. I HAVE LIVED IN PHILADELPHIA AND AUSTIN AND HAVE BEEN A RESIDENT FOR SAN ANTONIO -- IN SAN ANTONIO FOR ABOUT 32 YEARS. IN THAT TIME, I'VE DONE A LOT OF TRAVEL ACROSS THE COUNTRY. 
          BUT, UNFORTUNATELY FOR SAN ANTONIO IN THAT TIME, I HAVE NOT SEEN MUCH PROGRESS. 
          I'M HERE AS SOMEBODY WHO LIVES IN DISTRICT 7 BUT WORKS FOR AFFORDABLE HOUSING IN DISTRICT 5. I WANT TO REMIND YOU ALL, AS WELL AS OTHERS THAT HAVE BEEN HERE, REMINDING YOU THAT YOU ARE HERE FOR THE PEOPLE OF SAN ANTONIO. 
          I'VE HEARD INFORMATION TODAY ABOUT WHERE THE MONEY'S COMING FROM, WHO'S GOING TO BE SERVED BY THIS PROJECT MARVEL, AND TO ME IT SEEMS LIKE OUT OF TOWN TOURISTS ARE GOING TO BE BENEFITING THE MOST. THE RESIDENTS OF SAN ANTONIO ARE FACING TREMENDOUS OBSTACLES. YOU CITED YOURSELVES WHAT KIND OF BUDGET SHORTFALLS ARE HAPPENING FOR THE NEXT TWO YEARS. I DON'T THINK THIS IS A GOOD TIME FOR YOU ALL TO CONSIDER THIS PROJECT. I DON'T THINK THAT YOU SHOULD BE LOOKING BEYOND THE BIGGEST NEEDS OF THE COMMUNITY AT THIS POINT. 
          YOU HAVE A VERY CHALLENGING JOB AND I APPRECIATE THAT. I APPRECIATE THE COMMENTS THAT HAVE BEEN MADE BY COUNCIL MEMBERS FROM DISTRICT 5, FROM DISTRICT 10 REGARDING THE BUDGET, BUT THE RESPONSIBILITY THAT YOU HAVE IS TO THE PEOPLE OF SAN ANTONIO. 
          I DON'T SEE THAT THERE IS A PRESSING NEED TO DEVELOP PROJECT MARVEL AT THIS POINT. 
          I DON'T THINK YOU SHOULD BE LOOKING AT IT BEFORE YOU FIGURE OUT WHAT ARE YOU GOING TO DO FOR THE NEXT TWO YEARS WITH THOSE BUDGET SHORTFALLS AND WHAT ARE THE UNMET NEEDS THAT ARE FACING THE COMMUNITY. POINTS HAVE BEEN MADE EARLIER ABOUT HOW MANY OF THE COMMUNITY ARE NOT GETTING LIVABLE WAGES. YOU'RE LOOKING AT CONTINUING TO DEVELOP IN THE DOWNTOWN AREA AN INFRASTRUCTURE THAT DOES NOT SUPPORT LIVING WAGES FOR THOSE WORKING THERE. 
          SO I WOULD ASK YOU TO GET MORE INFORMATION FROM THE SPURS. GET MORE INFORMATION ABOUT THE ECONOMIC IMPACT THE CITY MANAGER HAS POINTED OUT. THIS MORNING IN THE NEWSPAPER I SAW A HEADLINE ABOUT SPURS POSSIBLY CONTRIBUTING $1.5 BILLION. 
          THAT'S THE COST OF THE ARENA. SO WHAT ARE YOU GOING TO CONTINUE TO ASK OF THE SPURS? BUT MORE IMPORTANTLY, WHAT ARE YOU GOING TO ASK OF YOURSELVES AS YOU FACE THE OBSTACLES THAT THIS COMMUNITY FACES, AGAIN ONE OF THE POOREST IN THE STATE AND THE COUNTRY. 
          >> MAYOR JONES: MR. JOE LINSON FOLLOWED BY MS. LUPITA GONZALEZ. 
          THREE MINUTES. >> MAYOR AND CITY COUNCIL, FIRST OF ALL, MAYOR JONES, I WANT TO CONGRATULATE YOU ON YOUR LEADERSHIP. I WANT TO SPEAK TO MY COUNCIL REP, DISTRICT 7, THANK YOU FOR WHAT YOU ARE DOING, PARTICULARLY THE SIDEWALKS IN DISTRICT DISTRICT 7IECC THINK THIS PROJECT IS GOING TO BE AMAZING FOR THE CITY. DALLAS, HOUSTON, AUSTIN. I'M GOING TO USE THE ALAMODOME AN EXAMPLE OF WHAT CAN HAPPEN. 30 YEARS AGO, WE GOT THE DOME, WE HAVE 100,000 SIGNATURES JUST TO PUT IT ON THE BALLOT AND WE WON THAT ELECTION. AS A RESULT OF THAT, THINK ABOUT THE FINAL FOUR. 
          IT'S JUST UNDER THE SUPER BOWL IN TERMS OF ECONOMIC IMPACT. 
          WE NEED TO STAY IN THE LOOP FOR THAT. THE BOWL, IT WAS A TIME IN 
          [01:15:02]
DECEMBER, NOW WE'RE DOING 60,000 PEOPLE THERE EVERY YEAR AND WE'RE THE NUMBER ONE BOWL OUTSIDE THE COLLEGE FOOTBALL BOWL. THINK OF YOU'LL. 
          THE ROAD RUNNERS WILL HAVE A FACILITY WHERE THEY CAN RECRUIT THE HIGH-POWERED PLAYERS TO COME DOWN HERE. I THINK JEFF TRADER WILL DOVE THAT. 
          IT WILL IMPACT SUNSET STATION. THE COWBOYS HAD A TRAINING CAMP IN THE NFL. DENVER HEIGHTS, DIGNOWITY HILL, CARVER COMPLEX, ALL WILL BE IMPACTED BY THIS FACILITY. THE LAND BRIDGE OVER 37, I'M LOVING THAT BECAUSE IT BREAKS THE BERLIN WALL. NOW, HERE'S WHERE YOU HAVE A ROLE, COUNCIL, AND MAYOR. WE NEED A STRONG, GOOD-FAITH EFFORT BUILT INTO THIS PROJECT SO THAT SMALL BUSINESSES CAN BENEFIT BY WHAT'S GOING TO HAPPEN. 
          IT'S ALL ABOUT JOBS. IF WE CAN GET THAT SMALL BUSINESS COMMUNITY IN THERE AND YOU CAN DO THIS IN THE GENERAL CONDITIONS AND ANY PAPERWORK YOU DRAW UP TO MAKE SURE THAT'S TALKED ABOUT. I ALSO THINK YOU OUGHT TO THINK ABOUT APPRENTICESHIPS, OJT TO HELP OUR YOUNG PEOPLE COMING TO THIS IN THE BUILDING TRADES AND UNDERSTAND WHAT IT'S ALL ABOUT. 
          THIS IS GOING TO NEED A LOT OF INFRASTRUCTURE. THAT'S JOBS, JOBS AND MORE JOBS. THAT'S HOW WE GET OUT OF THIS POOR NEIGHBORHOOD AND POOR COMMUNITY THAT I'M HEARING ABOUT. I'M NOT UPSET WITH THE OPPOSITION. THAT'S OKAY. THAT'S PART OF THE DEMOCRATIC PROCESS. BUT THINKING LONG-TERM, THIS PROJECT WILL TRANSFORM SAN ANTONIO. I'M NOT EVEN TALKING ABOUT THE SPURS PIECE NOW. 
          THAT'S A BIG PIECE, BUT IT'S ALL THAT STUFF AROUND IT. THE 1,000-ROOM HOTEL, CONVENTION CENTER EXPANSION. WE NEED TO LOOK AT ALL THAT. THANK YOU CITY COUNCIL, FOR THE JOB YOU ARE DOING. I WANT TO SAY HELLO TO JALEN IN TERMS OF THE BABY AND 
          THANK YOU VERY MUCH, MAYOR. ,. >> MAYOR JONES: LUPITA 
          GONZALEZ. >> JUST FOR THE RECORD, [INAUDIBLE] HAVE GIVEN THEIR TIME UP SO NINE MINUTES FOR ME. THANK YOU. 
          SO GOOD AFTERNOON, MAYOR, COUNCIL. THANK YOU FOR YOUR TIME AND ATTENTION TODAY. I'M A SAN ANTONIO NATIVE. RACE EQUITY SPECIALIST AND FOUNDER OF THE THRIVE ADVISORY. I HAVE OVER 30 YEARS EXPERIENCE IN ORGANIZATIONAL CULTURE CHANGE. I'M DEDICATED TO ENSURING RACE EQUITY IS AT THE FOREFRONT OF POLICY DECISIONS. 
          SO JUST A LITTLE BIT OF CONTEXT, I WOULD LIKE TO LAY OUT TERMS OR DEFINITIONS. 
          INSTITUTIONAL RACISM -- >> MAYOR JONES: MA'AM, THE TWO FOLKS THAT YOU MENTIONED HAVE NOT SIGNED UP SO WE'RE GOING TO HAVE TO LIMIT YOUR TIME TO THREE MINUTES. 
          IF YOU WOULD REPEAT THEIR -- >> 
          THEIR NAMES. >> JEANETTE -- 
          JEANETTE RICO? >> 
          >> MAYOR JONES: I SEE GLORIA CASTILLO. AND JEANETTE RICO. 
          ALL RIGHT. GO AHEAD. THANK YOU. 
          >> THANK YOU. OKAY. SO JUST A LITTLE BIT OF CONTEXT, I'LL GO OVER SOME DEFINITIONS. INSTITUTIONAL RACISM REFERS TO POLICIES, PRACTICES AND SYSTEMS THAT DISPROPORTIONATELY FAVOR WHITE INDIVIDUALS OVER PEOPLE OF COLOR. RACE EQUITY AND CONTRAST IS WHEN ONE'S RACIAL IDENTITY NO LONGER PREDICTS ONE'S SUCCESSOR OUTCOMES IN -- SUCCESS OR OUTCOMES IN SOCIETY. IT INVOLVES ADDRESSING THE UNDERLYING CAUSES OF INEQUITIES, NOT JUST SYMPTOMS. AS THE GOVERNMENT ALIGNS FOR RACE EQUITY, WHO IS THE LEAD IN THIS FIELD AND WITH WHOM CITY OF SAN ANTONIO HAS MEMBERSHIP SINCE 2016 REMINDS US, IN THEIR QUOTE, FROM THE INCEPTION OF OUR COUNTRY, GOVERNMENT AT ALL LEVELS HAS PLAYED A ROLE IN CREATING AND MAINTAINING RACIAL INEQUITY. END QUOTE. 
          THIS CONTEXT IS CRITICAL AS I RAISE CONCERNS ABOUT THE SPORTS DEVELOPMENT PROJECT AND THE PROCESS THAT HAS SUPPOSEDLY NOW DETERMINED NEXT STEP AS COMMUNITY BENEFITS AGREEMENTS. AS FAR AS MY COMMITMENT TO RACE EQUITY IN SAN ANTONIO, IN 2015 I INTRODUCED THE CITY OF SAN ANTONIO TO THE CONCEPT OF RACE EQUITY, AND 
          [01:20:03]
TO THE GOVERNMENT ALIGNS FOR RACE EQUITY. UNDER THE LEADERSHIP OF ZAN GLIBS, THE OFFICE OF EQUITY PRODUCED SIGNIFICANT TOOLS LIKE THE 2019 RACIAL EQUITY INDICATOR REPORT. THE SAN ANTONIO EQUITY ATLAS AND EQUITY BUDGETING GUIDELINE, WHICH EXEMPLIFY THE CITY'S COMMITMENT TO ADVANCING EQUITY AND GOVERNANCE. FURTHERMORE, IN AUGUST OF 2020, CITY COUNCIL PASSED A RESOLUTION DECLARING RACISM AS A PUBLIC HEALTH CRISIS. AND AN EFFORT TO ESTABLISH STRONGER EFFORTS TO PROMOTE RACIAL EQUITY IN SAN ANTONIO. 
          THEY PLEDGED TO TAKE ACTION ON ISSUES OF RACE EQUITY. THIS INCLUDED ENSURING THAT COMMUNITY ENGAGEMENT, POLICY MAKING AND DEVELOPMENT PROJECTS ALIGN WITH RACE EQUITY AND COMMUNITY-LED INITIATIVES. THE RESOLUTION EMPHASIZED ADVOCATING FOR RACIAL JUSTICE IN ALL CITY PROGRAMS, POLICIES AND PROCEDURES, SUPPORTING COMMUNITY-DRIVEN EFFORTS TO ADVANCE RACE EQUITY AND REVIEWING POLICIES TO ELIMINATE RACE BIAS AND ENGAGING HISTORICALLY HANDLEIZED COMMUNITIES IN DECISION-MAKING. SO IT IS IN THIS CONTEXT THAT I MUST EXPRESS CONCERNS ABOUT THE CURRENT SPORTS COMPLEX DEVELOPMENT. 
          SO THE HANDLING OF THE PROJECT RAISES SEVERAL CONCERNS THAT MERIT CAREFUL CONVERSATIONS. NUMBER ONE, LIMITED COMMUNITY INPUT. 
          WHILE THE CITY HAS CLAIMED THAT COMMUNITY INPUT MEETINGS HAVE BEEN COMPLETED, THE PROCESS WAS LIMITED AND DID NOT PROVIDE ADEQUATE OPPORTUNITIES FOR GENUINE ENGAGEMENT. DESPITE YEARS-LONG DEVELOPMENT PERIOD PRIOR TO COMMUNITY OUTREACH, THE PUBLIC WAS ONLY RECENTLY INFORMED AND ASKED TO PROVIDE FEEDBACK. LOW ATTENDANCE IN THESE, QUOTE, OPEN TO TO PUBLIC MEETINGS, REFLECTED THE LACK OF ENGAGEMENT WITH COMMUNITIES, ESPECIALLY WITLLH THOSE THAT WILL BE THE MOST IMPACTED. ADDITIONALLY CONCERNS RAISED BY ATTENDEES WERE NOT ADEQUATELY ADDRESSED BY FACILITATORS SUGGESTING A DISCONNECT BETWEEN THE FEEDBACK AND SUBSEQUENT ACTIONS. 
          NUMBER TWO IS HIDDEN COSTS. SO THERE IS FREQUENTLY ASKED QUESTIONS HANDOUT THAT WAS PROVIDED IN THESE MEETINGS, AND THEY MADE CLAIMS SUCH AS THE DISTRICT WILL BE PAID BY VISITORS AND NOT RESIDENTS. WHICH PRESENTS AN INCOMPLETE PICTURE OF THE TRUE COSTS. 
          IN REALITY, THE DEVELOPMENT IS LIKELY TO GENERATE SIGNIFICANT INDIRECT COSTS INCLUDING DISPLACEMENT OF LOW-INCOME RESIDENTS PARTIALLY IN SURROUNDING NEIGHBORHOODS, INCREASED PROPERTY TAXES THAT MAY EXACERBATE AFFORDABILITY CHALLENGES FOR CURRENT RESIDENCES, ENVIRONMENTAL AND HEALTH RISKS INCLUDING HIGHER LEVELS OF POLLUTION WHICH CONTRIBUTES TO RESPIRATORY ISSUES LIKE ASTHMA, INCREASED OZONE DAYS AND IMPACTING PUBLIC HEALTH. AND OPPORTUNITY COSTS OF HOTEL TAX REVENUE FROM TIRZ BOARDS WHICH COULD HAVE BEEN USED FOR HOUSING, INFRASTRUCTURE AND PUBLIC HEALTH INITIATIVES ALL OF WHICH ARE PRESSING NEEDS IN OUR COMMUNITY. THESE FACTORS WERE NOT SUFFICIENTLY ADDRESSED AND IN THE FREQUENTLY ASKED QUESTIONS AND MEETINGS, UNDERMINING THE TRANSPARENCY OF THE PROPOSED PROJECT AND COMMUNITY IMPACT. [APPLAUSE] NUMBER THREE, MISALIGNMENT WITH RACE EQUITY PRINCIPLES. THE DEVELOPMENT AS CURRENTLY PLANNED PRESENTS RISKS OF FURTHER MARGINALIZATION OF ALREADY VULNERABLE COMMUNITIES. LOW-INCOME AND COMMUNITIES OF COLOR ARE AT GREATER RISK OF DISPLACEMENT ESPECIALLY WHEN DEVELOPMENTS DO NOT PRIORITIZE THEIR NEEDS OR CONCERNS. MORE OVER THE ENVIRONMENTAL IMPACT SUCH AS THOSE AFFECTED BY CLIMATE CHANGES AND DISPROPORTIONATE IMPACT ON THESE COMMUNITIES. 
          THIS OVERSIGHT DIRECTLY CONTRADICTS THE CITY'S COMMITMENT AS ARTICULATED IN THE 2020 RESOLUTION TO ADVANCE RACE EQUITY AND THOUGHTFULLY ENGAGE HISTORICALLY HANDLEIZED POPULATIONS IN DECISION-MAKING PROCESSES FROM THE BEGINNING AND THROUGHOUT -- MARGINALIZED. HALT THE PROJECT AND CONDUCT 
          [01:25:08]
A RACE IMPACT ASSESSMENT. [APPLAUSE] GIVEN THE LACK OF TRANSPARENCY AND THE MISALIGNMENT WITH THE CITY'S STATED COMMITMENTS TO RACE EQUITY AND TO PUBLIC HEALTH, I STRONGLY URGE YOU TO-MITT THIS ---MITT THIS FROM MISALIGNMENT NOVEMBER VOTING AND HALT ITS PROGRESSION. I RECOMMEND A RACE IMPACT ASSESSMENT BE CONDUCTED BY THOSE WHO STAND TO BE THE MOST IMPACTED OR TO BE CONDUCTED BY THE LEAD RACE EQUITY EXPERTS CHOSEN BY COMMUNITIES WHO WILL BE MOST IMPACTED. THIS ASSESSMENT MUST ENSURE THAT THE DEVELOPMENT, A, DOES NOT CONTRIBUTE TO FURTHER DISPLACEMENT OF MARGINALIZED COMMUNITIES, B, PROVIDES REAL MEASURABLE COMMUNITY BENEFITS THAT ALIGN WITH THE NEEDS AND PRIORITIES OF LOW-INCOME COMMUNITIES AND COMMUNITIES OF COLOR. 
          AND C, TAKES INTO ACCOUNT THE CLIMATE VULNERABILITY OF THE AREAS MOST LIKELY TO BE IMPACTED BY THIS PROJECT. IN CONCLUSION, THE CITY OF SAN ANTONIO HAS THE OPPORTUNITY TO LEAD BY EXAMPLE BUT ONLY IF THEY STAY TRUE TO COMMITMENTS TO RACE, EQUITY AND COMMUNITY LEADERSHIP. IF WE CONTINUE DOWN THIS PATH WITHOUT REAL ENGAGEMENT, TRANSPARENCY AND ACCOUNTABILITY, WE WILL ONLY REINFORCE THE VERY INEQUITIES WE CLAIM TO BE WORKING TO ADDRESS. 
          I LOOK FORWARD TO YOUR LEADERSHIP AND ENSURING OR CITY FUTURE OF ONE OF EQUITY, JUSTICE AND SUSTAINABILITY FOR ALL SAN ANTONIO. 
          [APPLAUSE] >> MAYOR JONES: THANK YOU. THANK YOU. 
          JESSE [INAUDIBLE] FOLLOWED BY LUIS RODRIGUEZ. >> CONGRATULATIONS ON BEING OUR NEXT MAYOR MAYOR AND THANKSGIVING US THE OPPORTUNITY TO SPEAK. 
          I'M THE FOUNDER OF THE DOWNTOWN NEIGHBORHOOD ASSOCIATION AND SOCIALIZE SAN ANTONIO. TODAY I SPEAK AS A CITIZEN OF SAN ANTONIO. 
          I WANT US TO REMEMBER A LITTLE SAN ANTONIO HISTORY. WHEN THE CONVERSATIONS OF THE 1968 WORLD'S FAIR STARRED, LOCAL BUSINESS LEADERS SUCH AS TOM FROST AND COMMUNITY MEMBERS CAME TOGETHER WITH A PLAN, THE WORLD'S FAIR HAS TO BE IN SAN ANTONIO. AS JUDGE WOLFF SAID WHO WOULD HAVE THOUGHT A CITY OF ABOUT 700,000 PEOPLE THAT DIDN'T HAVE A CONVENTION CENTER PRIOR TO THIS WOULD HOLD A WORLD'S FAIR. OUR CITY AND ECONOMY HAS GROWN, BUT WE STILL HAVE THE AMBITION AND STRIVE FOR A BETTER CITY AS THE WORLD'S FAIR DID. 
          WITH THE TOWER OF THE AMERICAS BEAMING AS A STAR THAT MAKES SAN ANTONIO PHOTOGENIC, THE SAN ANTONIO RIVERWALK, WE HAVE BENEFITED FROM BIG RISK. 
          OVER 300 YEARS DOWNTOWN IS THE CORE WHERE BOTH VISITORS AND RESIDENTS COME TO EAT, LIVE AND PLAY. FOR MAJOR FESTIVALS LIKE THE RECENT FINAL FOUR WHICH GENERATED OVER 440 MILLION TO THE LOCAL ECONOMY, TO THE AMAZING PROGRAMMING THAT HEMISFAIR PROVIDES YEAR ROUND AND OTHER EVENTS TO ALL -- FOR ALL TO ENJOY. 
          THE SPORTS AND ENTERTAINMENT DISTRICT CAN BE THE NEXT WORLD'S FAIR FOR GENERATIONS TO COME. IT IS ESTIMATED THAT SAN ANTONIO IS ON THE TRACK TO BE THE SIXTH LARGEST CITY IN THE NATION SURPASSING PHILADELPHIA AND WE NEED TO BE PREPARED. THIS ISN'T JUST ABOUT THE SPURS, THIS IS ABOUT OUR FUTURE AS A CITY. I HAVE LIVED THE PRE-PEARL ERA, REMEMBER OUR FIRST ROOFTOP AND SEE HOW ABOUT OUR CITY HAS PROGRESSED. I JOKE ABOUT LEAVING TO AUSTIN BECAUSE OF THE FAST PROGRESS, FEARLESSNESS OF CREATING IDEAS AND WE AREN'T AUSTIN. I'M CONFIDENT AS LEADERS SHALL THIS PROJECT MOVE FORWARD WE WILL FIND A PLACE FOR AFFORDABLE HOUSING AND MAYBE EVEN A FLYING CAR PARKING LOT ATOP RIVER CENTER MALL. I BEG YOU TO MOVE FORWARD WITH THE SPORTS ANDSTRICT. JUST AS ANGIE YAYS AND HAS TEAM CREATED A LOCAL SPACE, LET THE SPORTS ENTERTAINMENT DISTRICT BE YOUR LEGACY, MEMORY AND REMEMBRANCE OF WHY SAN ANTONIO IS THE PLACE TO LIVE FOR GENERATIONS TO COME. 
          THANK YOU, SOUTHBOUND, AND MAYOR JONES. -- CITY COUNCIL, AND MAYOR 
          JONES. >> MAYOR JONES: THANK YOU. LUIS RODRIGUEZ. 
          >> GOOD AFTERNOON, MAYOR AND COUNCILMEMBERS. MAYOR, IT'S A PRIVILEGE TO ADDRESS YOU AS OUR THIRD WOMAN MAYOR IN OUR GREAT CITY AND TO THE NEW COUNCIL 
          [01:30:02]
MEMBERS, WELCOME. I HAVE THE HONOR AND PRIVILEGE TO SERVE AS CEO OF THE FIRST CHAMBER OF COMMERCE AND I'M HERE TO EXPRESS WE'VE DONE A LOT OF DIALOGUE, WITH BOTH THE CITY AND SPURS SPORTS AND ENTERTAINMENT AND WOULD ENSURE PRESENTING THE FACTS ARE PRESENTED SO THE OPPORTUNITY THAT IS BEING PRESENTED TO SAN ANTONIO TODAY DOES NOT FOREGO US. SAN ANTONIO'S DOWNTOWN HAS AN OPPORTUNITY TO DO SOMETHING WE HAVE NOT DONE SINCE THE HEMISFAIR IN THE '60S. ITS THE SPORTS AND ENTERTAINMENT DISTRICT THAT'S GOING TO MAKE US A GREAT CITY. JUST AS IMPORTANTLY, IT'S GOING TO PROVIDE AN OPPORTUNITY TO HELP OUR SMALL, MINORITY, WOMEN AND VETERAN-OWNED BUSINESSES AND PROVIDE AN OPPORTUNITY FOR FUTURE ENTREPRENEURS BECAUSE WE'RE GOING TO HAVE A VIBRANT DOWNTOWN DISTRICT. ON BEHALF OF OUR 900 MEMBERS AT THE SAN ANTONIO HISPANIC CHAMBER OF COMMERCE AND WE KEEP GROWING BECAUSE THIS CHAMBER BELIEVES IN WHAT SMALL BUSINESSES DO TO OUR COMMUNITY, A NEW WEALTH OF GENERATION AND OPPORTUNITIES LIKE THIS, THEY DON'T COME VERY OFTEN. 
          AS A FORMER DISTRICT 3 SOUTHSIDE KID FROM SAN ANTONIO WHO WENT TO CHARLES C. BALL, CONGRATULATE FROM MARGINALIZED COLUMN, NOW A PROUD RESIDENT OF DISTRICT 10, I URGE YOU ALL, THIS IS IMPORTANT FOR SAN ANTONIO. 
          THIS WILL CHANGE OUR MENTALITY OF BEING THE THIRD LARGEST POOREST CITY. 
          THIS IS THE CHANGE WE NEED TO SEE HAPPEN FOR SAN ANTONIO. 
          I LOOK FORWARD TO WORKING WITH YOU ALL TO MAKE SURE WE DON'T FORGET ABOUT OUR SMALL BUSINESS COMMUNITY ON THIS GREAT OPPORTUNITY FOR SAN ANTONIO. 
          THANK YOU ALL. >> MAYOR JONES: GENTLEMEN'S TAKE -- JESSICA 
          PALACIOUS. >> GOOD AFTERNOON, MAYOR JONES AND CITY COUNCILMEMBERS. THANK YOU FOR THE OPPORTUNITY TO SPEAK TODAY. 
          I'M THE DIRECTOR OF GOVERNMENT AFFAIRS AT THE SAN ANTONIO HISPANIC CHAMBER OF COMMERCE. I'M HERE TODAY BOTH AS A REPRESENTATIVE OF THE CHAMBER AND A PROUD SAN ANTONIAN. THE CITY HAS BEEN MY HOME FOR THE LAST TEN YEARS WHERE I'VE HAD THE OPPORTUNITY TO EARN AN EDUCATION, START A FAMILY AND START MY CAREER. TODAY'S CONVERSATION SURROUNDING THE SAN ANTONIO SPORTS AND ENTERTAINMENT DISTRICT AND SPECIFICALLY THE PROPOSED DOWNTOWN ARENA MARKS A PIVOTAL MOMENT IN HOW WE AS LOCALS EXPERIENCE AND SHAPE THE URBAN CORE. 
          THIS ISN'T JUST ABOUT ANY VENUE. IT'S ABOUT REIMAGINING DOWNTOWN AS A DESTINATION THAT REFLECTS OUR CULTURAL IDENTITY, CIVIC PRIDE AND INCREDIBLE MOMENTUM THAT WE'RE BUILDING TOGETHER. THIS PROJECT PRESENTS A POWERFUL OPPORTUNITY TO STIMULATE ECONOMIC GROWTH, ATTRACT NEW INVESTMENTS AND CREATE MEANINGFUL OPPORTUNITIES FOR LOCAL BUSINESSES, PARTICULARLY THOSE THAT ARE SMALL HISPANIC OWNED AND HISTORICALLY UNDER REPRESENTED. THE SAN ANTONIO CHAMBER OF COMMERCE IS SUPPORTIVE AND SEES THE POTENTIAL FOR A REVITALIZED DOWNTOWN AND TO SERVE AS AN INCLUSIVE HUB WHERE BOTH COMMUNITY AND COMMERCE INTERSECT. AS DEVELOPMENT MOVES FORWARD, THE HISPANIC CHAMBER WILL CONTINUE CONVERSATIONS WITH OUR ELECTED OFFICIALS TO ENSURE LOCAL BUSINESSES IN AND AROUND THE AREA ARE INFORMED, INCLUDED AND SUPPORTED THROUGH THE PROCESS. 
          THANK YOU FOR YOUR TIME, YOUR LEADERSHIP IN ALLOWING US TO BE AN IMPORTANT PART 
          OF THIS DISCUSSION. THANK YOU SO MUCH. >> MAYOR JONES: JASMINE 
          HERRERA. >> HELLO. I'M WITH THE COALITION FOR [INAUDIBLE] HOUSING. AND ALSO WITH HISTORIC WESTSIDE ASSOCIATION. 
          I'M GOING TO BE READING A COMMENT FROM KAMALA PLATTE, LIVES IN DISTRICT 5. 
          >> MAYOR JONES: CAN I ASK YOU TO MOVE YOUR MIC DOWN. >> OVER 25 YEARS AGO I CAME TO TEACH FOR ONE YEAR. AT THE END OF THE YEAR I RESIGNED FROM A TRACK JOB. 
          I WANTED TO BE IN SAN ANTONIO, A CITY WITH A VISION FOR FUTURE, LIFE WITH MY OWN. MY DECISION TO STAY HERE WAS BASED ON THE VALUES DEEPER THAN SHORT-TERM ECONOMICS. SAN ANTONIO'S INDIGENOUS [INAUDIBLE] FROM OTHER 
          [01:35:14]
STATES AND COUNTRIES FELT MORE COSMOPOLITAN THAN NYC AND MORE NEIGHBORLY THAN THE SMALL TOWNS WHERE I GREW UP. ARTISTS WORK WAS -- BY HOTEL TAXES. 
          PEOPLE [INAUDIBLE] TO PROTECT THE AQUIFER AND WROTE POETRY TO PROTEST VIOLENCE OF WAR, INJUSTICE AND THE MANY HURTFULNESSES WE REFLECTED. 
          I MISSED THE VIOLENCE OF COLONIZATION, ECOLOGICAL PEOPLE BEFORE PROFIT CENTER ED. [INAUDIBLE] AND -- WE STILL DO. 
          THIS IS WHY SAN ANTONIO REJECTS THE FALSE HYPE OVER PROJECT MARVEL. 
          WE KNOW THAT WE ALREADY HAVE OUR MARVEL. OUR UNIQUE COMMUNITIES AND NATIVE LANDS AND TO PROTECT. OUR CITY DOESN'T LATCH ON SHAKY SHORT-TERM GAME COMING AT THE EXPENSE OF OUR NEIGHBORHOODS. OUR EQUALITY OF LIFE AND HEALTH AND ARTISTIC HUMANITARIAN AND SCIENTIFIC AND OUR -- THAT'S IT. 
          THANK YOU. >> MAYOR JONES: THANK YOU. YOU CAN SUBMIT YOUR WRITTEN COMMENTS TO THE CLERK. THANK YOU. ISABEL GALVAN FOLLOWED BY HEYWARD SANDERS. HEYWARD SANDERS FOLLOWED BY SANDRA MARTINEZ. 
          HAVE THE OTHER TWO SIGNED UP? >> HAVE YOU SIGNED UP TO 
          SPEAK? >> MAYOR JONES: SANDRA MARTINEZ -- 
          >> AND ANTONIA CAST TEN GNAWED TODAY. >> MAYOR JONES: NINE 
          MINUTES OOMS. >> MAYOR, COUNCILMEMBERS, CITY MANAGER, I'M A PROFESSIONAL EMERITUS AT UTSA. I'D LIKE TO SPEAK TODAY ABOUT A LITTLE BIT OF THE BROADER CONTEXT OF THIS PROJECT AND THE SPECIFICS THAT WE'VE GOT ON THE TABLE FROM THE SPURS AS OF LAST EVENING AND TODAY. 
          JUST AS A SIDE NOTE, I WALKED OVER HERE EARLIER TODAY FROM UTSA'S DOWNTOWN CAMPUS. I WALKED THROUGH MARKET SQUARE. 
          I WALKED PAST THE MARKET SQUARE PARKING FACILITY, THE GROUND FLOOR WHICH WAS DESIGNED AND BUILT BY THE CITY TO BE A PRODUCE MARKET. WITH THE SIGN ON THE DOORS THAT SAID THEY WERE CLOSED BECAUSE THEIR AIR CONDITIONING WASN'T WORKING. 
          I WALKED DOWN PRODUCE ROW PAST THE GALLERY OF THE CITY'S THAT BEGAN ITS LIFE AS THE FIRST SMITHSONIAN ASSOCIATED MUSEUM IN THE COUNTRY. 
          THAT HAS NEVER BEEN WHAT IT WAS SUPPOSED TO BE. WE HAVE A LONG HISTORY OF PUBLIC INVESTMENTS THAT HAVEN'T PAID OFF IN THE WAY THAT WAS PROMISED AND FORECAST. AND SO AS FAR AS I'M CONCERNED, WE NEED TO ASSESS THIS PROJECT, BOTH THE SPECIFICS OF THE PROPOSED SPURS ARENA AND THE MUCH BROADER CONTEXT OF THE PROPOSED SPORTS AND ENTERTAINMENT DISTRICT. 
          IN THE CONTEXT OF WHAT ARE WE REALLY GETTING AND HOW COMMITTED AND CONTRACTED AND EFFECTIVELY GUARANTEED IS THE PRIVATE INVESTMENT THAT WE'RE BEING TOLD WILL HAPPEN AS A RESULT OF THAT. BUT I ALSO WANT TO STRESS ONE OTHER POINT. 
          THROUGHOUT THIS PROCESS OF DEVELOPING THE SPORTS AND ENTERTAINMENT DISTRICT, WHAT WE'VE HAD AS A COMMUNITY IS A VERY CLEAR SENSE THAT THERE IS NO REAL CHOICE. 
          [01:40:05]
THAT'S NOT THE CASE. THERE ARE A GREAT MANY CHOICES. 
          CHOICES ABOUT ALTERNATIVE INVESTMENTS, CHOICES ABOUT DIFFERENT KINDS OF USES. 
          ABOVE ALL, PARTICULARLY IN THE CASE OF THE PROJECT FINANCING ZONE FROM THE STATE WHICH WE'VE BEEN TOLD IS IN MANY WAYS FREE MONEY FOR THIS COMMUNITY SINCE IT'S COMING FROM THE INCREMENTAL STATE HOTEL-RELATED TAX REVENUES OVER A 30-YEAR PERIOD. THAT THAT MONEY IS LIMITED NOT ONLY IN TERMS OF PURPOSE BUT GEOGRAPHICALLY. THE REALITY IS WE COULD BUILD A NEW SPORES ARENA ON A -- SPURS ARENA ON A DIFFERENT SITE WITHOUT THE INFRASTRUCTURE COSTS THAT WE FACE FROM DEVELOPING AT THE CONGESTED HEMISFAIR SITE THAT WE'RE DISCUSSING WITH A VERY DIFFERENT PRICE TAG IN A VERY DIFFERENT TIME FRAME WITH BENEFITS THAT ACCRUE DIRECTLY TO A DIFFERENT COMMUNITY. AND WHAT WE AT LEAST OWE THIS CITY AND ITS RESIDENTS IS THE OPPORTUNITY TO CONSIDER THAT AND OTHER ALTERNATIVES, EVEN IF WE CHOOSE TO MOVE AHEAD WITH INVESTING PUBLIC DOLLARS, OUR TAX DOLLARS NO MATTER WHO THEY ARE COMING FROM IN A NEW VENUE FOR THE SPURS. 
          SO LET'S START WITH WHAT WE KEEP NOT HEARING IN ADDITION TO WHAT WE'VE HEARD A LITTLE EARLIER TODAY. WHEN I ATTENDED ALONG WITH A GROUP OF STUDENTS THE DISTRICT 5 COMMUNITY WORKSHOP, THE PRESENTER, A CONSULTANT FOR THE CITY, SHARED WITH US A SLIDE THAT SHOWED THREE DIFFERENT PROJECTS IN THREE DIFFERENT CITIES. THREE MODELS OF SPORTS AND ENTERTAINMENT DISTRICTS. 
          THOSE CITIES WERE KANSAS CITY, SUBURBAN ATLANTA, COBB COUNTY, AND MILWAUKEE. 
          THEY DIDN'T TELL US THE DETAILS OF THOSE PROJECTS, THEY DIDN'T TELL US THE HISTORY, THEY DIDN'T TELL US THE CONTEXT. THE PRESENTER DIDN'T TELL US ABOUT THE SPECIFIC SPORTS FACILITY PROJECTS THAT WERE INVOLVED, AND ABOVE ALL DIDN'T TELL US WHAT THEY COST AND HOW THEY WERE PAID FOR. 
          IT WASN'T THAT THE PRESENTER DIDN'T TELL US LOTS OF THINGS. 
          HE TOLD US IT WAS IMPERATIVE THAT WE INVEST IN THE CONVENTION CENTER EXPANSION AND INDEED THE LARGER SPORTS AND ENTERTAINMENT DISTRICT GAUZE HOSPITALITY IS THE THIRD LARGEST INDUSTRY IN SAN ANTONIO. AT THE VERY LEAST, THAT WAS A MODEST MISREPRESENTATION. MORE LIKELY DEPENDING ON THE SOURCE OF DATA AND WHERE IT CAME FROM, AND HE DIDN'T BOTHER TO SHARE THAT WITH US, IT'S MOST LIKELY AN OUTRIGHT FALSEHOOD. IT'S THAT KIND OF MYTHOLOGY, LIMITED INFORMATION, DISTORTIONS, IF YOU WILL, THAT WE ARE DEALING WITH THIS CONTEXT, SPECIFICALLY THIS PROJECT AND WHAT WE FACE TODAY. LET ME START BY TALKING ABOUT THOSE THREE EXAMPLES OF SPORTS AND ENTERTAINMENT DISTRICTS THAT WE WERE SHARED. THE POWER AND LIGHT DISTRICT IN KANSAS CITY IS ADJACENT TO THEIR REASON, ORIGINALLY THE SPRINT CENTER, NOW THE T-MOBILE CENTER. 
          THAT WAS A PUBLIC-PRIVATE PARTNERSHIP ARENA. THE CITY DID NOT PAY FOR THE WHOLE THING. BUT THE CITY DID WITH A SUBSTANTIAL PUBLIC SUBSIDY GET A PRIVATE DEVELOPER TO COME IN AND DEVELOP THAT PROJECT. 
          IT TOOK YEARS TO DEVELOP FULLY. THE PROJECT IN ATLANTA, THE BATTERY, AROUND TRUEST PARK IN SUBURBAN COBB COUNTY, SURROUNDS THE NEW HOME FOR THE ATLANTA BRAVES. THE BRAVES HAVING ABANDONED DOWNTOWN ATLANTA. 
          THE FINANCING OF TRUEST PARK, THE SPORTS VENUE, COMBINED PUBLIC FINANCING AND FINANCING FROM THE BRAVES, BUT THE PRINCIPAL PORTION, THE SLIGHT MAJORITY OF THE FINANCING, AS I RECALL, CAME FROM THE BRAVES ORGANIZATION. 
          THE BRAVES ALSO COMMITTED, FINANCED AND BUILT A BILLION DOLLARS OF NEW PRIVATE FACILITIES AND INVESTMENT AROUND THAT 
          [01:45:07]
THEN THERE'S MILWAUKEE AND THE DEERE DISTRICT AROUND THE NEW PFIZER ARENA FOR THE MILWAUKEE BUCKS. THERE IN MILWAUKEE THE FINANCING ARRANGEMENT FOR PFIZER WAS AN ALMOST EQUAL DIVISION BETWEEN THE PUBLIC AND THE PRIVATE SECTOR WITH A SIGNIFICANT CONTRIBUTION FROM THE STATE. THOSE ARE THE KINDS OF MODELS WE NEED TO KNOW AND WE NEED TO TALK ABOUT WHEN THE SPURS SEND THE LETTER LATE IN THE EVENING THAT SAYS THEY WILL COME UP WITH 500 MILLION. 
          THAT'S A VERY UNPLEASANT STARTING POINT FOR A NEGOTIATION, BUT LET ME STRESS THAT'S EXACTLY WHAT IT SHOULD BE FOR YOU AND FOR THE CITY. 
          MERELY A STARTING POINT FOR A NEGOTIATION. THERE WAS ONE NUMBER THAT ALL OF US HERE DIDN'T HEAR TODAY AND THAT WAS AN UPDATED NUMBER, A REALISTIC, SUBSTANTIVE NUMBER FOR THE COST OF THAT NEW ARENA. THE LAST NUMBER I'VE SEEN PRESENTED BY THE CITY STAFF IN PRESENTATIONS EARLIER THIS YEAR WAS A RANGE OF 1.2 TO 1.5 BILLION. WHAT WE'VE SEEN IN CONSTRUCTION COSTS INFLATION IN THE LAST FEW MONTHS SUGGESTS EVEN THE HIGH END OF THAT, THE 1.5 BILLION, IS A UNDER ESTIMATE OF WHAT THE LIKELY COST IS. IT'S IMPERATIVE THAT YOU AND THE PUBLIC IN THIS COMMUNITY BEFORE WE MOVE AHEAD MUCH FURTHER GET A FIRM, SUBSTANTIVE COST ESTIMATE WITH SOME REAL GUARANTEES. BECAUSE WHAT WE NEED TO KNOW IS NOT THAT THE SPURS WANT TO START AT 500 MILLION, BUT WHAT THE FULL COST IS. 
          AND WHAT THOSE EXAMPLES SUGGEST IS THAT WE, GIVEN THE HOST OF OTHER PUBLIC NEEDS WE HAVE IN THIS COMMUNITY, SHOULD START FROM A NEGOTIATING POSITION OF AT LEAST 50% FROM THE SPURS SPORTS AND ENTERTAINMENT ORGANIZATION. 
          >> MAYOR JONES: THANK YOU. [APPLAUSE] POINT TAKEN ON THE FINAL NUMBER. I WILL NOTE EARLIER THE CITY MANAGER MENTIONED AND IT'S ON SLIDE 4, 1.3 TO 1.5 IS THE APPROXIMATE COST. MARYANNE KESTENBAUM. 
          FOLLOWED BY KAYLA MIRANDA. KAYLA MIRANDA, FOLLOWED BY MELODY [INAUDIBLE]. 
          >> [INAUDIBLE] TUCKER GIVING UP MY TIME. >> MAYOR JONES: JAKE TUCK ER. OKAY. CAN WE UPDATE THAT TIME TO 
          SIX, PLEASE? THANKS. >> GOOD AFTERNOON. 
          MY NAME IS KAYLA MIRANDA AND I'M A HOUSING ORGANIZER ON THE WEST SIDE OF SAN ANTONIO. RESIDENT OF DISTRICT 5. A PUBLIC HOUSING TENANT AND PROUD MOTHER OF FOUR. TWO OF MY GIRLS YOU HEARD FROM VERY SOON TO MY TWO SONS ARE BOTH DISABLED. I DIDN'T START IN PUBLIC HOUSING. 
          I DIDN'T GROW UP IN PUBLIC HOUSING. I GOT PUBLIC HOUSING AFTER A YEAR AND A HALF OF HOMELESSNESS AFTER I LOST MY BUSINESS, MY HOME AND EVERYTHING IN MY LIFE. IT IS IMPORTANT FOR PEOPLE WHO UNDERSTAND THE REALITY OF THIS PROJECT. IF YOU CAN FIND MILLIONS OR BILLIONS OF DOLLARS TO FUND AN ENTERTAINMENT CENTER, WHY CAN YOU NOT FIND THE FUNDING TO PROVIDE TRULY AFFORDABLE HOUSING? THE WAGE IN SAN ANTONIO -- [APPLAUSE] THERE ARE STILL PEOPLE MAKING $8 AND $9 AND $10 AN HOUR. 
          BUT WHEN YOU LOOK AT THE COST OF LIVING FOR A SINGLE ADULT IT'S $25 AN HOUR. 
          IT'S NOT FEASIBLE. I WORKED MY ENTIRE LIFE. I'VE HAD A JOB SINCE I WAS 12. I'VE DONE EVERYTHING I COULD TO RAISE MY KIDS. 
          IT IS NOT A FAILURE ON MY PART THAT I DID HAVE TO USE PUBLIC HOUSING. 
          [01:50:03]
IT IS A FAILURE OF THE SYSTEM. A FOUNDATION IN SAN ANTONIO WHICH IS BROKEN. AND NOT JUST HERE. WHO I AM, YES, I'M A PUBLIC HOUSING TENANT. NO, I DON'T HAVE A COLLEGE DEGREE. 
          I AM A LOCAL, REGIONAL AND NATIONAL ORGANIZER. I AM A HOUSING EXPERT. 
          AND I HAVE GIVEN ELECTRICS TOURS AND WORKSHOPS AT EVERY MAJOR UNIVERSITY IN SAN ANTONIO, SO EDUCATION IS NOT NECESSARILY DONE THROUGH A COLLEGE DEGREE WHICH PEOPLE PUT WAY TOO MUCH IMPORT ON. IT IS THROUGH LIVED EXPERIENCE. IT IS THROUGH BEING IN TOUCH WITH THE COMMUNITY. 
          AND IT IS THROUGH BEING A PART OF THE COMMUNITIES THAT YOU LIVE IN. 
          IN THE HISTORIC WEST SIDE WHERE I LIVE, I AM A BOARD MEMBER OF THE WESTSIDE RESIDENTS ASSOCIATION. OUR COMMUNITY IS FAMILY. WE ARE INTERCONNECTED. 
          MY PROBLEMS ARE THEIR PROBLEMS, THEIR PROBLEMS ARE MY PROBLEMS. WE CARE ABOUT EACH OTHER. BUT WE DEFINITELY CAN'T AFFORD WHAT IS CALLED MARKET RATE. WE CANNOT AFFORD TO FIX OUR COMMUNITY. 
          YOU DRIVE DOWN THE STREET, THE ROADS ARE TERRIBLE, THE TRAINING -- THE DRAINAGE IS TERRIBLE. WHY IS THAT NOT BE ADDRESSED? YES, I AGREE WE NEED AN INFRASTRUCTURE BOND. NO, WE DO NOT NEED TO USE AN INFRASTRUCTURE BOND TO SUPPLEMENT PROJECT MARVEL. YES, WE NEED HOUSING BOND. 
          WE DO NOT NEED A HOUSING BOND TO SUPPLEMENT PROJECT MARVEL. 
          AND WE DON'T NEED A HOUSING BOND FOR 150 MILLION, WE NEED IT FOR 500 MILLION. 
          THAT IS HOW BAD WE ARE. AND IT'S NOT GOING TO GET BETTER. 
          YOU CAN'T JUST CONTINUE TO IGNORE THE NEEDS OF THE LOWEST INCOME EARNING IN SAN ANTONIO FOR PLAY TIME FOR THE RICH. PLAY TIME FOR THE UPPER MIDDLE CLASS. [APPLAUSE] IT IS MORE IMPORTANT THAT WE HAVE A ROOF OVER OUR HEAD THAN SOMEONE CAN GO TO A GAME IN A BRAND-NEW STADIUM WHEN THERE'S A PERFECTLY GOOD STADIUM ALREADY IN PLACE. 
          I'M GOING TO END WITH IMPLORING THIS NEW COUNCIL TO DO THINGS IN A DIFFERENT WAY. WE'VE ALREADY HAD A STRONG ADVOCATE IN OUR COUNCILWOMAN FOR DISTRICT 5 AND NOW WE HAVE MORE. AND I HAVE SO MUCH HOPE FOR THIS COUNCIL. GIVE THE PEOPLE THAT THEY NEED, NOT SUPPLEMENTING RICH PEOPLE'S PLAY TIME. THANK YOU. [APPLAUSE] 
          >> MAYOR JONES: MELODY MIRANDA FOLLOWED BY NADIA MIRANDA. 
          >> HELLO. MY NAME IS MELODY MIRANDA. I LIVE IN DISTRICT 5 AND I'M IN 10TH GRADE. I GRADUATED FROM SPEAKERSES ESPERANZA. 
          I AM AGAINST A SPORTS ENTERTAINMENT DISTRICT AND ANY PROJECT MARVEL PLANS. 
          AS A PUBLIC HOUSING RESIDENT AND AN ACTIVE MEMBER OF MY COMMUNITY, I KNOW I CAN'T VOTE YET, BUT THE DECISIONS YOU MAKE TODAY WILL WILL BE BURDEN TO MY GENERATION. 
          THE COST OF LIVING WHEN I FINISH SCHOOL. I WORRY I WON'T BE ENOUGH, BUT THAT'S A FEAR I SHOULDN'T HAVE. EVERYONE DESERVES AN AFFORDABLE HOME, ENOUGH FOOD TO EAT, TO PAY MEDICAL AND HAVE GOOD QUALITY OF LIFE. 
          FRANKLIN ROOSEVELT SAID NO BUSINESS WHICH DEPENDS FOR EXISTENCE ON PAYING LESS THAN WAGES TO ITS WORKERS HAS ANY RIGHT TO CONTINUE IN THIS COUNTRY. 
          BY LIVING WAGES, I MEAN MORE THAN BEXAR SUBSISTENCE LEVEL, THE WAGES OF DECENTLY. IN SAN ANTONIO LIVABLE RAGE IS $25 AN HOUR. 
          INSTEAD OF SPENDING MONEY ON WANTS, WE SHOULD CORRECT THE NEEDS OF OUR PEOPLE. 
          THANK YOU FOR YOUR TIME. >> MAYOR JONES: NADIA MIRANDA FOLLOWED BY FRAY 
          REYES. >> HELLO. MY NAME IS NADIA MIRANDA AND 
          [01:55:04]
I LIVE IN DISTRICT 5. I'M A COLLEGE STUDENT AT SAN ANTONIO COLLEGE AND I'M PART OF A BOARD OF HISTORICAL WESTSIDE RESIDENT ASSOCIATION. 
          AND ESPERANZA PEACE AND JUSTICE CENTER GRADUATE. I AM AGAINST PROJECT MARVEL. 
          AFTER I GET MY DEGREE, I NOT ONLY HAVE TO PAY HOUSING COSTS, COST OF LIVING, BUT ALSO REPAYING MY STUDENT LOAN. IF I DIDN'T LIVE IN PUBLIC HOUSING, I WOULD NOT HAVE THE OPPORTUNITY TO GO TO SCHOOL. 
          I WOULD HAVE TO HAVE GET THREE JOBS LIKE MY MOM DID AT MY AGE JUST TO PAY BILLS. 
          WHO IS THIS FOR? IT'S NOT FOR ME. WHILE I LOVE THE SPURS, I CAN'T AFFORD TICKETS. WHEN THERE ARE SO MANY MORE IMPORTANT THINGS MONEY GOES TOWARDS. FOR EXAMPLE, I HAD PAID FOR FOUR TIMES TO REWELD MY MUFFLER DUE TO POTHOLES AND UNEVEN STREETS. I'M MORE CONCERNED ABOUT PRACTICAL THINGS AND IT'S YOUR JOB TO BE AS WELL. THIS -- THINK ABOUT WHAT YOU PRIORITIZE ENTERTAINMENT INSTEAD OF PAYING YOUR BILLS? IT SEEMS TO ME THAT YOU CARE MORE ABOUT THOSE WHO HAVE MONEY TO SPEND INSTEAD OF THOSE WHO NEED THE MOST HELP. IT'S TIME THAT SAN ANTONIO PUTS PEOPLE OVER PROFIT. WE HAVE TO TAKE CARE OF EACH OTHER -- SORRY. 
          WE HAVE TO TAKE CARE OF OUR OWN. THANK YOU FOR YOUR TIME. 
          [APPLAUSE] >> MAYOR JONES: FRAY REYES FOLLOWED BY ALEX COY. 
          >> THANK YOU. I WOULD LIKE TO GIVE MY TIME TO MARY [INAUDIBLE]. 
          >> MAYOR JONES: MARY, IF YOU ARE HERE. >> GOOD AFTERNOON, MAYOR AND CITY COUNCIL. MY NAME IS MARY, I'M A RETIRED TEACHER BORN AND RAISED HERE IN SAN ANTONIO AS WELL AS RAISED MY FAMILY. I'M A VERY CONCERNED CITIZEN. WHO ARE THE BILLIONAIRE OWNERS OF THE SPURS SPORTS AND ENTERTAINMENT CORPORATION THAT OWN THE SAN ANTONIO SPURS? WHY ARE THEY SHAME LESSLY DEMANDING THAT SAN ANTONIO AND BEXAR COUNTY TAXPAYERS FINANCE THE ESTIMATED $4 BILLION COST OF THEIR MISNAMED PROJECT MARVEL THAT INCLUDES A NEW ARENA FOR THEIR TEAM. HERE ARE THEIR NAMES AND NET WORTH ACCORDING TO SOURCES LIKE FORBES MAGAZINE, SPORTING.COM, THAT SPECIALIZES IN TRACKING THE VALUE OF U.S. SPORTS TEAMS. THE "SAN ANTONIO EXPRESS NEWS" AND OTHERS. PETER J. HOLT AND HIS FAMILY. 
          HOLT OWNS THE CATERPILLAR INDUSTRY THAT MANUFACTURES HEAVY EQUIPMENT LIKE BULLDOZERS THAT ARE SOLD TO U.S. CITY GOVERNMENTS AND FOREIGN GOVERNMENTS. 
          THEIR ESTIMATED ANNUAL REVENUE IS $1.6 BILLION. ONE OF THE FOREIGN BUYERS OF CATERPILLAR HEAVY MACHINES HAS BEEN BENJAMIN NETANYAHU WHOSE ARMY USED TO DEMOLISH HOMES. CATERPILLAR REPORTED SALES AND REVENUES OF 67.1 BILLION IN 2013. HOLT'S 40% OWNERSHIP OF SSE IS WORTH MORE THAN 864 MILLION AFTER SPORTICO.COM VALUED THE TEAM AT 2.16 BILLION IN 2024. MICHAEL DELL, FOUNDER AND CEO OF DELL TECHNOLOGIES, MANUFACTURER OF DELL COMPUTERS AND OTHER EQUIPMENT, DELL'S WORTH IS ESTIMATED TO BE MORE THAN 200 BILLION. DELL OWNS 10% OF SS&E. 
          [02:00:03]
JAMES R.L.A.N.I.N.G.E.R., A SAN ANTONIO BILLIONAIRE WHO WAS PART OF THE WEALTHY WHO BOUGHT THE SPURS FROM RED MCCOMBS FOR 73 MILLION IN 1993. HIS NET WORTH IS ESTIMATED TO BE 1.7 BILLION. THIS IS ONLY SOME OF THE VERY WEALTHY OWNERS OF THE S S&E COMPANY. SO THE FUNDAMENTAL QUESTION SAN ANTONIO AND BEXAR COUNTY TAXPAYERS MUST ASK THEMSELVES, WHY SHOULD WE SUBSIDIZE ANOTHER SPURS ARENA OR HOTELS AND OTHER BUSINESSES INCLUDED IN PROJECT MARVEL? WHY? REMEMBER THE NOW-CALLED WHITE ELEPHANT, ALAMODOME. 
          KNOWN FOR THEIR -- AND HOW WE ARE STILL PAYING MILLIONS FOR ITS MAINTENANCE. 
          WHY SHOULD HARD-WORKING, UNDERPAID TAXPAYERS SUBSIDIZE ALL THESE WEALTHY INDIVIDUALS? SAN ANTONIO AND BEXAR COUNTY, KNOWN FOR THEIR LOW-WAGE WORKFORCE AND HIGH POVERTY LEVELS, NEED AND DESERVE BETTER STREETS, DRAINAGE, FLOOD PREVENTION, TRAINED AND BETTER PAID TEACHERS, ET CETERA. 
          I SAY NO TO PROJECT MARVEL. THESE ARE MANY HONEST AND INDEPENDENT GROUPS FIGHTING AS PART OF A COALITION TO STOP PROJECT MARVEL. ONE OF THEM BEING ESPERANZA PEACE AND JUSTICE CENTER, THE OTHER ONE IS COPS WHO I AM VERY PROUD TO HAVE HEARD FATHER JAMIE AS WE CALLED HIM AT ST. PAUL'S, SAY WHAT HE SAID ABOUT OUR CITY. 
          I AGREE TOTALLY WITH HIM. THERE ARE MANY, OF COURSE, HONEST AND INDEPENDENT GROUPS. THEY NEED EVERYONE'S INVOLVEMENT. 
          WHY DON'T WE ALL JOIN THEM? THANK YOU VERY MUCH. [APPLAUSE] 
          >> MAYOR JONES: ALEX COY FOLLOWED BY LETICIA SANCHEZ, PLEASE. 
          >> MAYOR JONES, ESTEEMED COUNCILMEMBERS INTERNATIONAL ALIGNS OF THREE IATRICAL AND STAGE EMPLOYEES LOCAL 76 AND SERVE ON THE CENTRAL LABOR COUNCIL AS DELEGATE FOR OUR UNION LOCAL. 
          I LIVE IN DISTRICT 7 AND I WAS BORN AND RAISED IN SAN ANTONIO WHERE I HAVE RESIDED SINCE 1989. I'M HERE TO TALK ABOUT HOUSING AND HOW THE PROPOSED PLAN AS IT STANDS WILL DEMOLISH SOME OF THE ONLY AFFORDABLE HOUSING IN THE DOWNTOWN AREA. I SAY THAT WITH A BIG ASTERISK BY IT BECAUSE THE AVERAGE SINGLE-INCOME OWNER IN THIS CITY CANNOT AFFORD TO LIVE IN EITHER OF THESE BUILDING. NOBODY I WORK WITH AT THE CONVENTION CENTER CAN LIVE ACROSS THE STREET AT THE LABOR APARTMENTS. THE SOAP FACTORY APARTMENTS THAT ARE GOING TO BE DEMOLISHED ARE SOME OF THE ONLY HOUSING IN THE DOWNTOWN AREA WHERE YOU BEING GET A ONE BEDROOM OR STUDIO FOR LESS THAN TWO GRAND. 
          ANY KIND OF PLAN LIKE THIS GOING FORWARD THAT DOES NOT SERIOUSLY TALK ABOUT DISPLACING THESE INDIVIDUALS IN ACTUAL AFFORDABLE HOUSING. 
          I DON'T KNOW IF YOU ARE AWARE OF THIS, THE TRUE MODAL INCOME FOR SINGLE INCOME EARNERS IN SAN ANTONIO IS 25 TO 27K. IT'S ABYSMAL. 
          WE TALK ABOUT MEAN AND MEDIAN, BUT THAT INCLUDES DUAL INCOME HOUSEHOLDS AS A FAIRLY LARGE BLOCK AND THE TOP 10% SCREWS UP THE BELL CONSERVE IN THIS CITY. 
          I'M GOING TO IMPLORE YOU ALL TO STRONG ARM THE JACKALS WHO ARE TRYING TO RAM ROD THIS TRUE AND GOBBLE UP CITY FUNDING TO ACTUALLY PROVIDE AFFORDABLE HOUSING FOR RESIDENTS HERE. BECAUSE IF YOU MAKE A DOWNTOWN AREA THAT PEOPLE CAN WORK AT BUT CAN'T AFFORD TO LIVE NEAR, YOU DON'T HAVE A DOWNTOWN, YOU HAVE A THEME PARK. THANK YOU. [APPLAUSE] 
          >> MAYOR JONES: LETICIA SANCHEZ FOLLOWED BY RITA GARS. 
          >> HI. WELCOME TO THE NEW CITY COUNCIL AND MAYOR. 
          [02:05:04]
          MESA IS GOING TO GIVE ME HIS TIME. >> MAYOR JONES: SIX 
          MINUTES, PLEASE. >> MY NAME IS LETICIA SANCHEZ, HISTORIC WESTSIDE RESIDENTS ASSOCIATION WHICH REPRESENTS RESIDENTS WHO LIVE IMMEDIATELY WEST OF DOWNTOWN. OUR RESIDENTS OPPOSE THE DEVELOPMENT OF A NEW SPURS ARENA ALONG WITH THE PROPOSED SPORT AND ENTERTAINMENT DISTRICT PROJECT. AND THE USE OF CITY STAFF WORK HOURS SPENT ON THE PROJECT. THERE'S SO MANY REASONS THAT OUR CITY SHOULD NOT SUPPORT A NEW ARENA, BUT I'LL LIST A FEW THAT OUR RESIDENTS ASKED ME TO SHARE. 
          NUMBER ONE, OUR CITY HAS ALREADY FUNDED ARENAS FOR THE SPURS THREE TIMES AND WE RESIDENTS HAVE NOT GOTTEN ANYTHING THAT IMPROVES OUR EMPLOYMENT OPPORTUNITIES, OUR NEIGHBORHOOD INFRASTRUCTURE OR HOUSING CONDITIONS. 
          THE EMPLOYMENT OPPORTUNITIES THAT OUR RESIDENTS GET ARE SEASONAL, SERVICE LEVEL PAYING JOBS. WITH THE LAST MOVE TO THE EAST SIDE, RESIDENTS WERE PROMISED BETTER INFRASTRUCTURE AND BUSINESS DEVELOPMENT. 
          BUT OUR D2 NEIGHBORS WITH WHOM WE HAVE CONVERSATIONS ARE STILL WAITING FOR THOSE PROMISES TO BE REALIZED. NUMBER 2, ALTHOUGH YOU CONTINUE TO TELL US THAT TAXPAYER FUNDS WILL NOT BE USED FOR THE ARENA OR THE SPORTS AND ENTERTAINMENT DISTRICT, YOU WILL BE DIRECTING MONEY, REDIRECTING MONEY THAT SHOULD BE USED TO HELP LIFE-LONG TAX-PAYING RESIDENTS OF OUR CITY. YOU HAVE ALREADY BEEN DOING THIS WHEN -- BY HAVING CITY STAFF LIKE ERIK WALL MUCH AND LORI HOUSTON SPEND THEIR WORKING HOURS TO PLAN THIS DEVELOPMENT BEHIND CLOSED DOORS. 
          YEARS BEFORE ANYTHING WAS SIGNED OR AGREED BY CITY COUNCIL. 
          THOSE STAFF HOURS SHOULD HAVE BEEN USED TO WORK ON RESOLVING OUR HOUSING CRISIS, ON DEVELOPING STRATEGIES TO PROVIDE MORE MENTAL HEALTH FACILITIES, ON UNDERSTANDING AND PROPOSING CHANGES TO CITY POLICIES THAT KEEP OUR CITY ONE OF THE POOREST IN OUR NATION. NOT ON DEVELOPING PROJECTS THAT BENEFIT A FEW WEALTHY DEVELOPERS AND RESIDENTS WHO EARN THE HIGHEST INCOMES. NUMBER 3 -- [APPLAUSE] -- SPORTS ARENAS AND STADIUMS THAT HAVE BEEN DEVELOPED IN OTHER U.S. CITIES HAVE NOT PROVIDED A RETURN ON INVESTMENT TO THE CITY AND MANY CITIES HAVE BEEN LEFT WITH OUTSTANDING COSTS THAT MUST BE PAID BY TAXPAYERS. AS OUR REPRESENTATIVES, WE EXPECT YOU TO DO THE RESEARCH ON THESE TYPES OF MAJOR PROJECTS THAT HAVE BEEN DONE THROUGHOUT THE U.S. THE RESEARCH SHOWS THESE TYPES OF PROJECTS DO NOT BENEFIT RESIDENTS. SO PLEASE DO NOT JUST TAKE THE WORD OF CITY STAFF AND DEVELOPERS TO BASE YOUR DECISION ON CONTINUING THIS PROJECT AND SUPPORTING IT WITH OUR FUNDING. AT THE MINIMUM, LISTEN TO PROFESSOR HAYWOOD. 
          I MEAN MEET WITH HIM, TALK TO HIM. HE KNOWS ABOUT THESE PROJECTS AND SO MANY FAILED PROJECTS. NUMBER 4, ALTHOUGH YOU THINK THAT RESIDENTS WILL NOT BE DISPLACED BECAUSE OF PROPERTY PROPOSED FOR THE ARENA WON'T REQUIRE PURCHASING RESIDENTIAL PROPERTIES, THE DEVELOPMENT OF THIS ARENA AND THE SPORTS AND ENTERTAINMENT DISTRICT WILL INCREASE RESIDENTIAL PROPERTY TAXES AND WILL LEAD TO HIGHER RENTS AND WILL INDIRECTLY DISPLAYS OUR RESIDENTS, WHETHER IT IS WITHIN THE IMMEDIATE AREA OR WITHIN A TWO TO THREE-MILE RADIUS OF THE AREA. OUR RESIDENTS FROM THE HISTORIC WESTSIDE RESIDENTS ASSOCIATION WHO HAVE LIVED FOR GENERATIONS IN THAT NEIGHBORHOOD BECAUSE WE'VE BEEN RED-LINED AND FORCED TO LIVE THERE, WHO HAVE BEEN IGNORED WITH NO INFRASTRUCTURE FOR YEARS AND YEARS AND YEARS LIVE WITHIN THE THREE-MILE RADIUS. 
          AND WILL BE IMPACTED. WE'RE TIRED OF AND ANGERED BY THE BACKROOM DEALS MADE BY THE CITY STAFF THAT DO NOT BENEFIT THE MAJORITY. HE WITH HOPE THAT OUR CITY COUNCIL AND MAYOR JONES WILL HEAR THE OBJECTIONS OF THEIR CONSTITUENTS TO A NEW ARENA AND THINK AND TO STOP THIS TYPE OF PROJECT. THERE HAVE BEEN TOO MANY BROKEN PROMISES. SO WILL THE CBAS BE KEPT? AND ULTIMATELY ARE THERE ANY GUARANTEES THAT THE SPURS WILL STAY EVEN WITH A NEW ARENA? THANK YOU VERY MUCH FOR YOUR TIME. [APPLAUSE] 
          [02:10:02]
          >> MAYOR JONES: RITA GARS FOLLOWED BY CHRISTINA BALI. >> GOOD AFTERNOON. 
          MY NAME IS EAT IS A GARZA. -- RITA. AND I AM A LONG-LIFE RESIDENT OF DISTRICT 5 AND LIVE JUST WEST OF DOWNTOWN. I'M HERE TO TELL YOU THAT I AM VERY MUCH AGAINST BUILDING A NEW ARENA FOR THE SPURS WHEN WE HAVE SO MANY OF MY NEIGHBORS ARE IN NEED OF HELP TO JUST LIVE DAY BY DAY. 
          WE TAXPAYERS HAVE ALREADY HELPED TO PROVIDE NEW ARENAS FOR THE SPURS. 
          BUT WHAT TYPE OF HELP AM I OR MY NEIGHBORS GETTING TO IMPROVE OUR HOMES AND OUR NEIGHBORHOOD? THE LIGHTING IN OUR STREETS IS BAD, MAKING IT DIFFICULT TO WALK HOME AT NIGHT. OUR OUT HOW MUCH TO PAY FOR THEIR YARD AND TREE LIMBS TO BE CUT WHILE TRYING TO FIGURE OUT HOW TO PAY INCREASING CPS BILLS AND GROCERY BILLS BECAUSE THE AMOUNT WE GET FROM SOCIAL SECURITY DOES NOT INCREASE BY MUCH EACH YEAR. 
          WHY IS OUR CITY COUNCIL AND STAFF WASTING TIME TALKING ABOUT BASKETBALL ARENAS AND BASEBALL STADIUMS WHEN WE HAVE SO MANY OF OUR NEIGHBORHOODS ARE STRUGGLING? IS IT BECAUSE WE'RE POOR? AND IF SO, ARE WE AREN'T CONSIDERED IMPORTANT? BUT WE ARE THE PEOPLE WHO CLEAN YOUR HOMES AND HOTEL ROOMS. WHO FIX YOUR CARS. WHO ARE POURING HOSPITAL ASPHALT ON THE NEW ROOFS IN THE MIDDLE OF THE SUMMER. THERE ARE ALL -- THESE ARE ALL RESPECTABLE JOB, BUT THEY DON'T EVEN PAY ENOUGH OR EVEN PROVIDE INSURANCE BENEFITS. SO WE STRUGGLE TO PAY OUR BILLS WHILE YOU SIT AND TALK ABOUT ANOTHER ARENA? COME ON, NOW. THAT WILL NOT HELP TO IMPROVE OUR NEIGHBORHOOD CONDITIONS. FOR SO MANY YEARS OUR LEADERS HAVE CHOSEN TO IGNORE OUR CALLS FOR ASSISTANCE. 
          YOU HAVE AN OPPORTUNITY TO NOW LISTEN TO US WHEN WE ASK YOU TO STOP SPENDING OUR TIME AND ANY OF OUR CITY-FUNDED FUNDS TO PAY FOR ANOTHER ARENA THAT ME AND MY NEIGHBORHOODS WILL NEVER GET TO GO OR GET ANY BENEFITS FROM. 
          WE ASK -- >> MAYOR JONES: MA'AM, THANK YOU FOR YOUR TIME. 
          >> EXCUSE ME? >> MAYOR JONES: YOUR TIME IS UP. 
          >> REALLY? THANK YOU. >> MAYOR JONES: IS THERE SOMEBODY THAT WOULD LIKE TO GIVE YOU TIME? 
          >> THANK YOU. >> MAYOR JONES: HOLD ON ONE SECOND, MA'AM. 
          WHAT WAS THAT PERSON'S NAME? >> 
          OKAY. >> THANK YOU. AS I WAS SAYING, ME AND MY NEIGHBORS WILL NEVER GO TO OR GET ANY BENEFITS FROM. WE ASK THAT YOU FOCUS ON THE REAL NEEDS OF THE RESIDENTS OF SAN ANTONIO BECAUSE WE ALL KNOW THAT WE -- THAT A NEW ARENA WILL NOT HELP US. THANK YOU FOR YOUR TIME. [APPLAUSE] 
          >> MAYOR JONES: THANK YOU. CHRISTINA BALI FOLLOWED BY LETICIA VELA. 
          >> GOOD AFTERNOON. MY NAME IS CHRISTINA BALI AND I LIVE AND WORK IN DISTRICT 5. FIRST I WANT TO CONGRATULATE THE NEW COUNCIL MEMBERS AND MAYOR JONES. I HAVEN'T HAD AN OPPORTUNITY TO DO THAT AND WISHING THE BEST OF LUCK IN GOVERNING OUR CITY. I'M EXECUTIVE DIRECTOR OF THE GUADALUPE CULTURAL ARTS CENTER AND I AM A BOARD MEMBER OF CENTRO SAN ANTONIO AND EXECUTIVE COMMITTEE MEMBER OF ESTAD WEST. I'M HERE TO ADVOCATE IF THE 
          [02:15:05]
SPORTS AND ENTERTAINMENT DISTRICT MOVES FORWARD, I'D LIKE TO ASK FOR THE REQUIREMENT OF A SERIOUS AND THOUGHTFUL COMMUNITY BENEFITS AGREEMENT THAT WILL RESPOND TO THE FUTURE IMPACT OF SUCH A PROJECT. WE RECOMMEND THAT CITY COUNCIL REQUIRE SUCH A AGREEMENT WITH CLEAR PROCESSES AS THE PROPOSED DISTRICT MOVES FORWARD. COMMUNITY BENEFITS AGREEMENTS IS A LEGALLY BINDING CONTRACT BETWEEN COMMUNITY COALITIONS AND DEVELOPERS THAT OUTLINES SPECIFIC PUBLIC BENEFITS FROM A PROPOSED PROJECT. CBAS HAVE BEEN USED IN CITIES LIKE LOS ANGELES, NEW YORK, DETROIT, ATLANTA, PITTSBURGH AND SAN DIEGO, ESPECIALLY FOR PROJECTS INVOLVING PUBLIC LAND, PUBLIC SUBSIDIES OR MAJOR ZONING CHANGES. CBAS ARE ROOTED IN COMMUNITY'S SELF-DETERMINATION AND HAVE BECOME A NATIONAL BEST PRACTICE FOR EQUITABLE URBAN DEVELOPMENT. A GROWING COALITION OF COMMUNITY STAKEHOLDERS FROM SAN ANTONIO'S EAST SIDE, WEST SIDE AND SOUTH SIDE IS ORGANIZING TO ENSURE COMMUNITY VOICES ARE CENTRAL IN SHAPING A ROBUST AND COMPREHENSIVE CBA FOR THE PROPOSED DISTRICT. THESE NEIGHBORHOODS HAVE LONG FACED INEQUITABLE DEVELOP PRACTICES AND WILL BE CONFRONTING RAPID INCREASES IN LAND SPECULATION AND COST OF LIVING DUE TO PROXIMITY TO THE PROPOSED SITE. 
          THIS COALITION IS COMMITTED TO WORKING COLLABORATIVELY AND IN COORDINATION WITH THE CITY, COUNTY AND THE SPURS TO ENSURE THAT ANY NEW DEVELOPMENT DELIVERS LASTING BENEFITS TO THE SURROUNDING RESIDENTS. THE CBA PROCESS SHOULD BE COMMUNITY DRIVEN WITH NEIGHBORHOOD ORGANIZATIONS AND VOLITION IDENTIFYING THE KEY CONCERNS AND WORKING TOGETHER TO DRAFT TERMS. NEGOTIATIONS CAN OCCUR BETWEEN THE COALITION, DEVELOPERS AND THE CITY OR PUBLIC AGENCIES INVOLVED. 
          SPORT AND ENTERTAINMENT DISTRICTS ARE MARKETED AS ECONOMIC DRIVERS BUT THEIR DEVELOPMENT CAN RAPIDLY ESCALATE HOUSING COSTS AND ERODE COMMUNITY IDENTITY, PARTICULARLY IN VULNERABLE NATION. GOVERNANCE AND MECHANISM IS A NECESSARY ELEMENT TO A SUCCESSFUL CBA. BUT THIS THEY OFTEN FAIL TO DELIVER ON PROMISES. WE HOPE YOU WILL CONSIDER THAT AS WE MOVE FORWARD. 
          THANK YOU. [APPLAUSE] >> MAYOR JONES: THANK YOU. 
          JUST TO REITERATE, THE CITY MANAGER DID LAY OUT A COMMUNITY BENEFITS AGREEMENT AS WELL AS SEVERAL OTHER AGREEMENTS ARE SOMETHING THAT WOULD BE FORTHCOMING IN 
          THIS MOVED FORWARD. LETICIA VELA. >> HELLO, I ASKED A NICE WOMAN IN THE BACK IF SHE HAD TIME, GLORIA CASTILLO WOULD GIVE ME MY THREE MINUTES IF 
          IT'S AVAILABLE. THANK YOU. >> MAYOR JONES: SHE SHARED THAT WITH SOMEBODY ELSE. IS THERE SOMEBODY ELSE THAT WOULD LIKE TO GIVE YOU THEIR 
          TIME? >> MY NAME IS LETICIA VELA AND I LIVE IN DISTRICT 7. I HAVE JUST RETURNED INTO SAN ANTONIO. I LEFT TEN YEARS AGO BECAUSE THIS COUNCIL MADE EXACTLY THE SAME TYPE OF DECISIONS ON DEVELOPMENT IN THIS CITY THAT DID NOT HELP MY COMMUNITY. SO I SAID YOU ARE NOT THE BOSS OF ME ANYMORE AND I LEFT. I MOVED BACK THIS YEAR OUT OF A GREAT NEED TO DO SO. 
          I LIVE IN ONE OF THE AFFORDABLE HOUSING COMMUNITIES HERE CALLED SNOWEDDEN LIVING WHICH IS FOR SENIORS. AND IT HAS BEEN SUCH A LIFE LINE FOR ME AND FOR THE OTHERS WHO LIVE THERE. SO I WANT TO THANK THE CITY FOR BONDS ON AFFORDABLE HOUSING. IT'S ABSOLUTELY A LIFE SAVER, SO CONTINUE TO USE YOUR POWER TO PROMOTE THOSE SAFE HOUSING HOMES FOR SENIORS AND FOR OTHERS IN POVERTY. I'VE BEEN LISTENING DURING THIS MEETING, THIS PUBLIC COMMENT MEETING, AND I'VE HEARD COMMENTS LIKE THIS IS GOING THE REVITALIZE DOWNTOWN. IT'S GOING TO PROVIDE OPPORTUNITY. IT'S GOING TO MAKE US A GREAT CITY. 
          WE'RE GOING TO HAVE JOBS. IT'S GOING TO TRANSFORM SAN ANTONIO. 
          THIS IS OUR FUTURE. OKAY. PLEASE FORGIVE ME FOR BEING 
          [02:20:07]
SKEPTICAL, BUT I GREW UP IN DISTRICT 5, 78207. I GRADUATED FROM LANIER HIGH SCHOOL IN 1978. I HAVE HEARD THOSE SAME PHRASES SINCE I WAS A HIGH SCHOOL STUDENT. IT'S THE SAME THING THE CITY HAS DONE OVER AND OVER AND OVER. WE KNOW THAT THE ONLY INDUSTRY IN SAN ANTONIO THAT COUNTS IS THE DEVELOPMENT INDUSTRY. I HAVE -- I HAVE A BACHELOR'S IN MEXICAN MEXICAN-AMERICAN STUDIES. I HAVE A MASTER'S IN PUBLIC ADMINISTRATION. I CAME FROM 78207, BUT I COULD NOT FIND A JOB IN THIS CITY WHERE I COULD ADVOCATE FOR MY COMMUNITY. NO ONE WANTS TO KNOW WHAT MY COMMUNITY NEEDS. ALL WE WANT TO HEAR IS WHAT THE DEVELOPMENT COMMUNITY NEEDS, AND HERE WE ARE AGAIN. I WANT TO REFER SPECIFICALLY TO THE COMMUNITY BENEFITS AGREEMENT. LET ME TELL YOU ABOUT THE EARLY CHILDHOOD EDUCATION THAT THE SPURS SAY THEY ARE GOING TO OFFER. 
          THAT FUND WILL DOLLAR FOR DOLLAR REDUCE TAXES FOR THEM. 
          SO WHAT THEY ARE GIVING, THEY ARE GETTING BACK. THEY ARE -- YOU KNOW, REALLY GREAT AT -- WE'RE DOING PHILANTHROPY, WE'RE GOING TO HELP THE CHILDREN. 
          YOU KNOW WHAT, HELP THEIR PARENTS. THEIR PARENTS ARE THE ONES THAT NEED THE HELP. THEY NEED TO BE GETTING A LIVING WAGE. 
          I DON'T KNOW WHAT THE PAY IS AT THE SPURS ARENA, BUT THAT'S SOMETHING THAT YOU ALL SHOULD KNOW AND YOU SHOULD PAY THOSE EMPLOYEES SOMETHING DECENT. 
          I'M GOING TO GUESS THEY GET $10 AN HOUR. MAYBE WITH SOME SENIORITY THEY GET A LITTLE BIT MORE. BUT CHECK ON THE OPERATING EXPENSES AND HOW THEY ARE NOT WANTING TO RAISE WAGES FROM THEIR MONEY, FROM SPURS MONEY, OPERATING EXPENSES TO PAY THEIR EMPLOYEES. THOSE ARE THE LOW-WAGE HOSPITALITY EMPLOYEES THAT WE KEEP HEARING ABOUT THAT NEVER -- YOU KNOW, PICK YOURSELF UP BY THE BOOT STRAPS. I HAVE A MASTER'S AND I COULDN'T DO IT. 
          I AM IN BASICALLY PUBLIC HOUSING WITH A MASTER'S BECAUSE I CANNOT SPEAK FOR MY COMMUNITY. AND HOLD A JOB IN THIS CITY. IF I SPOKE FOR THE DEVELOPMENT COMMUNITY, I WOULD BE WEALTHY. BUT I CHOSE MY PEOPLE INSTEAD. I WANTED TO ALSO SAY, YOU KNOW, NOT ONLY IS THERE IS TAX BENEFITS TO THE SPURS BY THIS BILLION DOLLARS THAT THEY ARE GOING TO GIVE, BUT YOU HAVE ALL KINDS OF FUNDING MECHANISMS THAT ARE GOING TO COME INTO PLAY. 
          THIS LOCAL GOVERNMENT CORPORATION THAT YOU ARE GOING TO CREATE TO OVERSEE THIS, IT'S A NON-PROFIT. AGAIN, WE HAVE NO TAXES. PROPERTY TAX EXEMPTIONS, SALES TAX EXEMPTION, THEY HAVE WHAT'S AKIN TO GIFT CARDS AND IOUS, LOANS, DEPRECIATION WRITE-OFFS, AMORTIZATION FUNDS. IT'S ALL KINDS OF FUNDING THAT'S GOING TO COME INTO THE SPURS. IT'S NOT SIMPLY, OH, HOW GREAT THEY ARE GIVING US A BILLION DOLLARS AND THEY ARE GOING TO PAY FOR KIDS AND GET ALL THESE WRITE-OFFS. SO WHEN YOU ARE TELLING US THAT YOU ARE SO EXCITED ABOUT THIS PLAN, WE KNOW WHAT YOU ARE SAYING. I'VE BEEN HERE FOR ALL THESE YEARS AND SO HAS HAYWOOD SANDERS, SO HAS COPS/METRO, SO HAS ESPERANZA. 
          WE HAVE NEVER BEAT THE DEVELOPERS, NOT ONCE, AND I DON'T EXPECT TO BEAT THEM NOW, BUT AT LEAST GET THESE EMPLOYEES A LIVING WAGE AND DON'T BUY THEIR GENEROSITY. 
          >> MAYOR JONES: THANK YOU. ROBERT GARCIA, FOLLOWED BY DAISY DELGADO. 
          >> HI, THANK YOU. CONGRATULATIONS, COUNCILMEMBER MCKEE-RODRIGUEZ ON YOUR BEAUTIFUL BABY GIRL. I JUST WANT TO SAY FOR ME PERSONALLY I'M HERE TO REPRESENT MYSELF AND ALSO SMALL BUSINESSES. 
          [02:25:04]
ONE OF THE THINGS THAT I THINK THAT IS IMPORTANT THAT IS OBVIOUSLY DIFFICULT AND CHALLENGING TASK. IT'S IMPORTANT FOR OUR CITY. I'M HURT TO HEAR SO MANY OF OUR CITIZENS TALK ABOUT HOUSING, REAL ISSUES. THE ECONOMICS ARE THERE. 
          THERE ARE THINGS WE CAN DO WELL AND RIGHT. I DON'T KNOW IF WE HAVE DONE THOSE THINGS IN THE PAST. I WILL ALSO SAY THAT FOR ME, YOU KNOW, WHEN IT COMES TO SMALL BUSINESSES, SMALL BUSINESSES ARE OUR NEIGHBORS, THEY ARE OUR FRIENDS. THEY ARE ECONOMIC DEVELOPMENT, THEY ARE HOUSING, EDUCATION, THEY ARE HEALTH CARE. THESE ARE THINGS WE HAVE NOT INVESTED IN AS DEEPLY AS WE SHOULD WHEN IT COMES TO THE SMALL AND MEDIUM-SIZED BUSINESSES. WE'VE HEARD PEOPLE TALK ABOUT THE DEVELOPERS THAT DO TEND TO GET THE BIGGER PIECES OF THE PIE. WE HAVE TO UNDERSTAND AND BE MEANINGFUL WITH THE WORK WE DECIDED TO SO THOSE ECONOMICS REALLY TO TRANSLATE TO HELP SUPPORT THE SURROUNDING COMMUNITIES. THROUGH THE WEST SIDE, PARTS OF THE EAST SIDE, SOUTH SIDE. THERE ARE A LOT OF THINGS WE HAVE FALLEN ON AND THERE ARE A LOT OF THINGS THIS COUNCIL CAN PERFORM AND COMPLETE THAT'S VERY DIFFERENT THAN PREVIOUS COUNCILS. FOR ME, EQUITABLE LOOKS LIKE REALLY CREATING A SMALL BUSINESS FUND WITHIN THE ENTERTAINMENT DISTRICT. 
          THIS IS SOMETHING WE HAD ASKED THE MISSIONS TO HELP SUPPORT THOSE BUSINESSES SO IT'S NOT JUST THE LARGER BUSINESSES THAT COME IN. MAKE SURE WE CAN SELL OUR LOCAL GOODS THERE. WE HAVE TO CONTINUE TO SUPPORT THE LOCAL GOODS WE HAVE IN SAN ANTONIO. WE HAVE TO ENSURE WE'RE PAYING HIGHER WAGES. 
          OTHERWISE WE'RE STILL IN THE SAME POSITION WE WERE BEFORE. 
          THE INCOME INEQUALITY. A LOT OF GOOD THINGS CAN HAPPEN, WE'VE SEEN TOYOTA, OTHER ORGANIZATIONS COME THROUGH AND IT'S BEEN SUCCESSFUL. 
          WE HAVE TO FIND THE RIGHT WAY TO WORK FOR ALL OF OUR COMMUNITY MEMBERS. 
          WE'VE SEEN THIS VAST INCOME INEQUALITY WHEN IT COMES TO THE PRIVATE BUSINESSES. 
          ONE OF THE THINGS THAT I WOULD ALSO JUST SUGGEST IS, YOU KNOW, TYING SOME OF THIS POTENTIAL FUNDING INTO AN ASSET APPRECIATION AS WELL. WHERE ARE THEY GOING TO START TODAY IN THEIR VALUATION AND WHERE WILL THEY END IN 10 OR 120 -- OR 20 YEARS. IT'S REALLY NOT A LOT OF MONEY, BUT THEIR ASSET APPRECIATION MAY GO 5 BILLION, 10 BILLION, UP. LOOKING AT SOME OF THOSE ASPECTS WILL BE VERY HELPFUL. I TRUST YOU GUYS WILL DO THE 
          WORK. THANK YOU SO MUCH. >> MAYOR JONES: DAISY DELGADO FOLLOWED BY SAN SANDRA TORRES. SANDRA TORRES FOLLOWED BY 
          ROSA REYES. >> 
          ARE YOU GIVING YOUR TIME UP TO? >> 
          >> MAYOR JONES: SANDRA TORRES FOLLOWED BY ROSA REYES. 
          >> I THINK SHE WAS GOING TO GIVE HER TIME TO [INAUDIBLE]. 
          >> MAYOR JONES: THAT NAME IS NOT ON THE LIST. SANDRA TORRES, OKAY. 
          ROSA REYES. ROSA RYE YES, SIR. -- REYES. 
          >> 
          FOLLOWED BY GEORGE CISNEROS. >> HELLO, EVERYONE. MADAM MAYOR, CITY COUNCIL, 
          [02:30:02]
THIS IS THE MOST EXCITING CITY COUNCIL I'VE SEEN IN A LONG TIME, SO THANK YOU FOR BEING HERE. NOW, MY NAME IS CATHERINE CISNEROS. 
          I LIVE IN DISTRICT 5. BUT LISTEN, PLEASE. ALL I HAVE HEARD TODAY IS ABOUT MONEY. MONEY, MONEY, MONEY. ECONOMIC IMPACT. 
          WHAT I AM CONCERNED WITH, AND I HEAR NOTHING ABOUT, IS THE ENVIRONMENTAL IMPACT OF THIS PRODUCTION. AND ERIK, PLEASE, WE NEED AN ENVIRONMENTAL IMPACT STUDY. 
          WE ARE IN A CLIMATE CRISIS. WE ARE IN AN UNPRECEDENTED SITUATION. 
          LOOK AT -- LOOK AT THE FLOODING THAT HAS HAPPENED, AND YOU WERE DISCUSSING FLOODING. ALL RIGHT. WHAT WE IN SAN ANTONIO HAVE STARTED GETTING IS FLOODING. WHY? THIS ENVIRONMENTAL CRISIS. 
          NOW, WE HAVE BEEN DEALING WITH THE HEAT. THE HEAT HAS BEEN EXPLODING IN OUR CITY. AND I LIVE FOUR BLOCKS FROM DOWNTOWN. 
          I LIVE IN AN AREA ON THE WEST SIDE, EVERYONE DOES NOT HAVE AIR CONDITIONING. 
          THE EAST SIDE, JALEN, EVERYONE ON THE EAST SIDE DOES NOT HAVE AIR CONDITIONING. THE SOUTH SIDE, WE ARE -- THEY DON'T ALL HAVE AIR CONDITIONING. I WOULD THINK THE NORTH SIDE DOES, I WOULD HOPE THEY DID, BUT IF THE PLANET KEEPS INCREASING WITH THIS HEAT, WE WILL COME -- THINK ABOUT IT. SAN ANTONIO BECOMES THE DEATH VALLEY OF TEXAS BASE OF OUR HEAT. THIS IS TERRIFYING. ERIK, CAN YOU PLEASE DO AN ENVIRONMENTAL IMPACT STUDY? WHAT WILL THIS HUGE AMOUNT OF CONCRETE, STEEL, GLASS, THIS INCREASE OF REFLECTIVE SYSTEMS DO TO US? THIS IS PRETTY TEAR PHIING. 
          YOU THINK THIS SUMMER IS HOT? WAIT UNTIL THE NEXT SUMMER, THE NEXT SUMMER, TEN YEARS FROM NOW. THIS IS A TERRIFYING THOUGHT. SO IF WE CAN DO AN ENVIRONMENTAL IMPACT STUDDED I AND COME UP WITH -- STUDY AND COME UP WITH WAYS TO MITIGATE IT. 
          PLEASE TAKE CARE OF US. >> MAYOR JONES: THANK YOU, MA'AM. 
          >> THANK YOU. >> MAYOR JONES: GEORGE CISNEROS FOLLOWED BY RYAN COOL. ERIK, DOES THE ECONOMIC ANALYSIS THAT WE'RE EXPECTING, WILL IT INCLUDE ENVIRONMENTAL THAT MRS. CISNEROS MENTIONED? 
          >> WALSH: NO, IT WON'T. >> THANK YOU, MADAM MAYOR, FOR CALLING THIS SESSION TODAY. IT'S NICE TO SEE EVERYBODY HERE EXCEPT FOR ONE TODAY. 
          MY INITIAL COMMENTS WERE GOING TO BE ABOUT PROJECT MARVEL, A YES/NO CONVERSATION AND UPS AND DOWNS. BUT I'M MORE CONCERNED TODAY ABOUT A COUPLE OF PECULIAR AIRPORTS IN THE LETTER YOU RECEIVED YESTERDAY, THE OPENING STATEMENT FROM SS&E. THERE WERE A COUPLE OF ITEMS, PARTICULARLY THE $500 MILLION FOR ADJACENT BUSINESS DEVELOPMENT. THAT SEEMED VERY AMBIGUOUS. 
          ADJACENT DOWNTOWN DEVELOPMENT. AND IT WAS NOT CLEAR IF THOSE WERE DEVELOPMENTS THAT ARE IN THE WORKS TODAY OR NEW DEVELOPMENTS. 
          I THINK THAT THAT NEEDS TO GET CLARIFIED. AND IF THEY ARE STATE OR LOCAL OR PRIVATE PROJECTS, THAT $500 MILLION, IS IT GOING TO SUPPORT, YOU KNOW, REIMAGINE ALAMO OR IS IT GOING TO SUPPORT THE RIVERWALK OR SOME KIND OF OTHER PROJECT THAT MAY BE DOWN THE ROAD? IS IT GOING TO SUPPORT PRIVATE BUSINESS DEVELOPMENTS LIKE CONSTRUCTION OF NEW HOTELS? NEW CONDOMINIUMS? THAT NEEDS TO BE CLARIFIED IF YOU ARE GOING TO SPEND $500 MILLION ON THAT. IT WOULD BE SMARTER TO PUT THE $500 MILLION INTO MAKING THAT ARENA. IT MIGHT BE A CONSIDERATION. THE SECOND ITEM THAT 
          [02:35:07]
CONCERNED ME, AB AND POOR DON HARRIS, I THOUGHT HE WAS GOING TO PEE IN HIS HANDS, IS THE $35 MILLION OVER 20 YEARS. THOSE OF US IN THE NON-PROFIT SECTOR, $1.7 MILLION IS NOT A LOT OF MONEY PER YEAR OVER 20 YEARS TO DO ANYTHING. MAYBE FOR CHILDCARE CENTERS, MAYBE TWO ADULT CENTERS, BUT $1.5 MILLION A YEAR IS NOT A BIG BUDGET FOR AFFORDABLE HOUSING. 
          MAYBE THAT 20-YEAR WINDOW OUGHT TO BE REDUCED TO FIVE. THAT'S SOMETHING THAT MIGHT BE MORE ACCEPTABLE. FINALLY, THE LAST THING, THE $500 MILLION COMMITMENT FOR THE CONSTRUCTION AND A GUARANTEE FOR COST OVERRUS. IS THERE A CAP ON THAT GUARANTEE? DOES THAT INCLUDE CHANGE ORDERS? BAD CONSTRUCTION, THINGS THAT HAVE TO BE DEMOLISHED? IS THERE GOING TO BE A CAP ON COST OVERRUNS? THOSE ARE THINGS THAT ARE REAL -- THOSE ARE REAL NUMBERS. AND FINALLY, NO ONE HAS MENTIONED NAMING RIGHTS. 
          YEAH. BECAUSE IF WE CAN GET 100 MILLION OR 500 MILLION ON NAMING RIGHTS THAT WOULD REDUCE EVERYTHING AND HYDRATE -- IAL TAKE CARE. 
          >> MAYOR JONES: THANK YOU, SIR. RYAN KUHH FOLLOWED BY 
          REBECCA FLORES. >> GOOD AFTERNOON, MAYOR JONES AND MEMBERS OF COUNCIL. MY NAME IS RYAN KOOL, PROSPER WEST SAN ANTONIO. 
          ORIGINALLY ESTABLISHED BY CITY COUNCIL AS THE WEST SIDE DEVELOPMENT CORPORATION WAS CREATED TO ADDRESS THE DEEP ECONOMIC DISPARITIES THAT HAVE LONG PLAGUED OUR COMMUNITIES. WE WERE CHARGED WITH IMPROVING CONDITIONS IN PART OF THE CITY THAT HAS HISTORICALLY RECEIVED LESS PUBLIC INVESTMENT AND FEWER ECONOMIC DEVELOPMENT INCENTIVES. WITH OVER 100,000 RESIDENTS IN OUR AREA AND A CLEAR MANDATE TO FOSTER EQUITABLE REVITALIZATION, PROSPER WEST IS NOT ONLY QUALIFIED BY OBLIGATED TO ENSURE THAT LARGE PUBLIC INVESTMENTS LIKE THE PROPOSED SPORTS AND ENTERTAINMENT DISTRICT DELIVER MEANINGFUL, LASTING BENEFITS TO THE PEOPLE OF THE WEST SIDE. AS A LEADER OF PROSPER WEST, I SUPPORT INVESTMENT IN OUR CITY, BUT WE KNOW THAT INVESTMENT AND DEVELOPMENT COME HAND IN HAND WITH THE CONSEQUENCES OF RISING PROPERTY TAXES THAT DISPLAYS LEGACY RESIDENTS AND BUSINESSES AND CHANGE THE CHARACTER OF A COMMUNITY. 
          ESPECIALLY THOSE IN THE MOST VULNERABLE AREAS LIKE THE WEST AND EAST SIDE. 
          RESIDENTS ARE ASKING HOW WILL THIS BE ANY DIFFERENT THAN THE ECONOMIC DEVELOPMENT PROMISES MADE AFTER THE ALAMODOME AND THE FROST CENTER? BUT THERE IS AN OPPORTUNITY TO DO THINGS DIFFERENTLY. THAT'S WHY WE ARE CALLING FOR A GENUINE COMMUNITY BENEFITS AGREEMENT. A LEGALLY BINDING CONTRACT COMMUNITY COALITIONS AND DEVELOPERS THAT OUTLINE SPECIFIC PUBLIC BENEFITS FOR A PROPOSED PROJECT. A TRUE CBA HAS COMMUNITY MEMBERS AT THE NEGOTIATING TABLE, INFORMING THE PRIORITIES, PROVIDING RECOMMENDATIONS, AND CONTRUCTIVELY COLLABORATING WITH THE OTHER PARTIES INVOLVED. 
          AND THIS MUST BE ESTABLISHED FROM THE START. NOT AS AN AFTERTHOUGHT, NOT AS A CHECK BOX, BUT AS LEADERS IN THE PROCESS. THE COMMUNITY INVOLVEMENT THUS FAR IN THE CBA AS IT STANDS NOW IS NOT TOUGH. WHEN PUBLIC DOLLARS ARE USED, THE PUBLIC DESERVES A RETURN. NOT JUST IN JOBS AND DEVELOPMENT, BUT IN LASTING COMMUNITY-CENTERRERRED BENEFITS, ESPECIALLY FOR THOSE COMMUNITIES MOST AFFECTED. AFFORDABLE HOUSING, SMALL BUSINESS, INFRASTRUCTURE INVESTMENT, AND PROTECTIONS FROM DISPLACEMENT ARE JUST A FEW EXAMPLES. ACROSS THE COUNTRY, CBAS HAVE DELIVERED RESULTS WHEN COMMUNITY COALITIONS ARE INVOLVED. IN OTHER MARKETS, RESIDENT-LED OVERSIGHT INSURED DEVELOPMENTS SERVED THE PEOPLE AND PROTECTED THE SURROUNDING COMMUNITIES. SAN ANTONIO CAN AND MUST DO THE SAME. 
          TOO OFTEN SO-CALLED ENGAGEMENT KEEPS RESIDENTS ON THE SIDELINES. 
          >> MAYOR JONES: THANK YOU. >> THANK YOU. >> MAYOR JONES: OUR LAST SPEAKER IS REBECCA FLORES. THANK YOU TO EVERYONE WHO CAME TO SPEAK TODAY. 
          [02:40:12]
WE APPRECIATE YOU TAKING THE TIME OUT OF YOUR DAY TO SHARE YOUR THOUGHTS ON THIS VERY IMPORTANT PROJECT, VERY IMPORTANT COMMUNITY INVESTMENT. 
          THERE WILL NOW BE TWO ROUNDS OF COUNCILMEMBER SPEAKERS, EACH ROUND HAVING TEN MINUTES. THREES SIGN UP. LET'S SEE HERE. 
          THERE WE GO. COUNCILMEMBER VIAGRAN. >> VIAGRAN: THANK YOU, MAYOR. I WANT TO THANK EVERYBODY FOR COMING IN TODAY. 
          I WANT TO THANK CITY STAFF FOR THEIR DUE DILIGENCE AND ALL WHO HAVE DONE THEIR RESEARCH AND HISTORY. I'M GOING TO START WITH CLEAR DIRECTION TO MY CITY MANAGER AND THEN I'M GOING TO EXPLAIN WHY. SO MY DIRECTION TO YOU AND THE TEAM IS TO CONTINUE WITH THE NEGOTIATIONS PROPOSED DEAL FOR THE DOWNTOWN ARENA UNDER THE STRUCTURE THAT HAS BEEN PRESENTED AND TO CONTINUE NEGOTIATIONS ON THE TERM SHEET, BUT TO TAKE INTO CONSIDERATION THE CBA THAT WE'VE HEARD ABOUT RIGHT NOW TO MAKE SURE THAT IT IS PART OF THE INTEREST FOR THE COMMUNITIES, AND UNDERSTANDING THAT WHERE WE ARE TODAY AND WHILE I WANT TO -- YES, THE EARLY CHILDHOOD AND WHAT WAS PROPOSED, THAT SOUNDS GREAT, BUT WHERE WE ARE IN TWO YEARS MAY NOT NECESSARILY BE WHERE WE NEED TO BE AS WE LOOK AT THE DIRECTION. 
          SO OF WHERE THE -- OUR ECONOMY IS GOING. MY SUPPORT OF THIS HAS COME FROM THE FACT THAT GROWTH PAYS FOR GROWTH. AND ONE THING WE HAVE SEEN BEFORE PRE-PANDEMIC AND POST-PANDEMIC IS THAT THE SPORTS ENTERTAINMENT AND THAT INDUSTRY, THE ENTERTAINMENT INDUSTRY HAS CONTINUED TO SURVIVE AMIDST A PANDEMIC, AMIDST ECONOMIC DOWNTURNS, BECAUSE PEOPLE WANT THAT TWO TO FOUR TO SIX HOURS WHERE THEY JUST ESCAPE FROM THEIR COMMUNITY. AND SAN ANTONIO HAS SHOWN THIS IS AN INDUSTRY AND THAT THEY CAN MAINTAIN AN NBA QUALITY TEAM HERE. 
          SO I THINK WHEN WE TALK ABOUT WHERE ARE WE GOING TO GET MORE INDUSTRY, OF COURSE THE CITY COUNCIL IS COMMITTED AND OUR CHAMBERS THAT WERE HERE TODAY REPRESENTED ARE COMMITTED IN BRINGING OTHER INDUSTRIES WITH THOSE BETTER PAYING JOBS, WITH THE GROWTH AND THE ABILITY TO RAISE YOUR SALARY THERE, AND I THINK WE'VE DONE THAT THROUGH READY TO WORK. I THINK WE'VE DONE THAT THROUGH THE DIFFERENT THINGS THAT WE'VE TASKED OUR CHAMBERS TO DO, SO I DON'T THINK THAT STOPS. THE IDEA WE CAN ONLY DO ONE OR THE OTHER IS ONE OF SCARCITY. IN MY YEARS I HAVE ALWAYS CHOSE FOR A VIBRANT DOWNTOWN. AND THAT IS BECAUSE I SPENT TIME AT VISIT SAN ANTONIO AND LIKE SOME PEOPLE WERE TALKING THAT CAME FROM THE WEST SIDE, BECAUSE I LIVED ON THE SOUTH SIDE, DOWNTOWN IS WHERE YOU CAME. YOU WANTED TO GO OUT TO EAT, YOU CAME TO DOWNTOWN. YOU WANTED TO GO TO ONE OF THE NICER PARKS, YOU CAME TO DOWNTOWN. THAT IS WHAT WE DID. WE DID NOT HAVE -- WE DID NOT HAVE BROOK CITY BASE BACK THEN WHERE WE COULD GO AND CONVENTION VISITORS. IT HAS BEEN FOR THE LOCALS AND IF WE THINK ABOUT IT AND WE TALK ABOUT THE HISTORY, IS OF THE CITY IS HOSPITALITY AND SERVICE SOME OF YOU HAVE HAD SERVICE JOBS. THIS IS THE AVENUE WE'VE HAD HERE IN THE CITY OF SAN ANTONIO. AND, OF COURSE, WE WANT TO GET TO THE POINT WHERE SOMEONE IS NOT WORKING THREE JOBS AT THREE DIFFERENT RESTAURANTS. AND WE WILL GET THERE. BUT WE CA CANNOT DENY THIS IS WO WE ARE AND WHERE WE'VE BEEN. 
          AND HOSPITALITY AND TOURISM AND HEADING DOWNTOWN IS PART OF WHAT WE ARE AND WHAT WE DO HERE. SO I THINK THAT AS WE TALK ABOUT THAT AND WE LOOK AT THAT AND I KNOW I HAVE VISIT SAN ANTONIO HERE. MY YEARS WITH VISIT SAN ANTONIO, MAKING DOWNTOWN KIND OF EBB AND FLOW WITH THE MARKET AND ONE SPOT, ALAMO, THE BASEBALL FIELD, AND NOW THE EXPANSION -- BECAUSE 
          [02:45:06]
THIS ISN'T JUST AN ARENA. THIS IS AN EXPANSION OF THE CONVENTION CENTER. THIS IS A NEW THEATER-TYPE OF THE WOOD FACILITY. AN ARENA. AND THEN EVENTUALLY LOOKING AT THE DOME. 
          SO THIS IS MAKING OUR DOWNTOWN VIABLE. AND THIS DOESN'T HAPPEN -- YES, THERE'S DATA OUT THERE. 
          BUT I'VE ALSO VISITED ATLANTA, KANSAS CITY, PHILADELPHIA, TAMPA. AND THIS IS THE TREND WHERE WE'RE MOVING FORWARD. AND WHY SHOULDN'T SAN ANTONIO, THE 7TH-LARGEST CITY IN THE UNITED STATES, TAKE ADVANTAGE AND MOVE FORWARD TO SEE THAT GROWTH? I THINK WE ARE IN THE DISCUSSION STAGES. 
          I THINK WE HAVE SHOWN THAT HOUSING IS IMPORTANT TO US, AND THAT THIS COUNCIL HAS BEEN COMMITTED TO A HOUSING BOND, AND THAT OUR HOUSING BOND, FROM WHAT I'VE HEARD TODAY, NEEDS TO BE MORE FLUID TO TAKE INTO CONSIDERATION AFFORDABILITY AND THE LEGACY HOMEOWNERS THAT ARE GOING TO BE IMPACTED BY RAISING PROPERTY TAXES WITH AN ARENA AND WITH A MORE VIBRANT DOWNTOWN. 
          SO, I'M GLAD THAT WE'VE BEEN HAVING THIS CONVERSATION. I WANT TO ENSURE THAT THIS HAS BEEN A THOUGHTFUL PROCESS OF ENGAGEMENT, BUT WE TALK ABOUT THIS JUST CAME. THE MINUTE WE STARTED TALKING ABOUT REIMAGINING THE ALAMO, WE KNEW THAT THE ENTIRE FACE OF DOWNTOWN WOULD NEED TO BE LOOKED AT. BECAUSE THERE WERE THINGS THAT NEEDED TO BE DONE. THAT'S WHY WHEN WE TALK ABOUT THE INFRASTRUCTURE THAT WE'RE LOOKING AT THE BOND IS THIS NEEDS TO HAPPEN. BECAUSE AS WAS MENTIONED, MARKET SQUARE NEEDS UPGRADES. AND THEY'RE STILL WAITING FOR ALL THEIR STREETS TO BE FIXED. HEMISFERE WE HAVE THE PARK, BUT WE CANNOT SETTLE FOR THAT. THE ALAMO IS -- LIKE IT OR NOT, THAT IS THE STORY THAT PEOPLE KNOW NATIONALLY AND INTERNATIONALLY ABOUT. SO WHY WOULDN'T WE WANT TO MOVE WHAT THE OTHER ASPECT THAT THE WORLD KNOWS ABOUT US NATIONALLY AND INTERNATIONALLY, THE SAN ANTONIO SPURS, BACK DOWNTOWN FOR THAT FULL STORY? I UNDERSTAND THAT YOU HAVE COMPLAINTS ABOUT WHAT HAPPENED ON THE EAST SIDE AND FROST. 
          AND I WOULD LOVE TO HAVE THAT CONVERSATION IN LENGTH, BECAUSE IF WE GO BACK AND REMEMBER THAT, THE CITY OPTED OUT OF THAT. 
          AND I AM NOT GOING TO BE OPTING OUT OF THE OPPORTUNITY THAT WE HAVE NOW. BECAUSE WE NEED TO MOVE FORWARD. 
          WE NEED TO HAVE CONVERSATION. AND WE NEED TO BELIEVE -- AND I DO BELIEVE -- WITH WHAT WAS SHARED TODAY IS THAT PRIVATE INVESTMENT WILL COME. BUT THE CITY HAS TO COMMUNICATE. AND THIS COUNCIL NEEDS TO COMMUNICATE THAT THEY BELIEVE THAT THERE IS A PATH FORWARD. AND THAT'S WHAT I WANT US TO DO HERE TODAY, IS SAY YES, CITY MANAGER, CONTINUE TO MOVE FORWARD. BECAUSE I THINK THERE'S A WAY. AND TO ALL OF THOSE BUSINESSES OUT THERE AND COMMUNITIES OUT THERE THAT WERE WAITING FOR THII BELIEVE THAT WITH THIS COUNCIL, WITH THIS NEW COUNCIL, THAT EVERYBODY IS GOING TO WANT TO BE IN SAN ANTONIO. BECAUSE EVERYONE -- EVERYBODY WANTED TO BE IN SAN ANTONIO PREPANDEMIC. 
          AND IT'S GOING TO CONTINUE. AND I KNOW WE ARE WORKING. AND I KNOW IT'S NOT FAST ENOUGH ON THE POVERTY ISSUE, ON THE INEQUITY ISSUE, ON THE WAY WOMEN ARE TREATED. BUT WE CAN DO BOTH. WE CAN WORK ON THESE ISSUES AND WE CAN CONTINUE TO MOVE FORWARD AND BE MARKETABLE IN THIS ARENA, IN THIS INDUSTRY, WHICH IS ENTERTAINMENT. 
          BECAUSE THIS IS JUST ONE PIECE OF AN ENTIRE DOWNTOWN THAT GOES FROM MARKET TO THE ALAMO TO HEMISFERE. 
          THIS IS JUST ONE PIECE. AND WE CAN DO OTHER THINGS TOO AT THE SAME TIME. WE CAN TALK ABOUT OUR CULTURE AND ARTS. AND WE CAN ELEVATE THAT. AND WE CAN TALK ABOUT A FILM INDUSTRY IN SAN ANTONIO. 
          AND WE CAN STILL ADDRESS THE HOUSING ISSUES AND THE INEQUITY ISSUES AT THE SAME TIME. ERIC, I HOPE YOU'RE CLEAR ON THAT AND I LOOK FORWARD TO HEARING FROM MY COUNCIL COLLEAGUES. THANK YOU. 
          >> MAYOR JONES: THANK YOU. YOU ANSWERED MY QUESTION IN YOUR FIRST COMMENTS. WHAT I'D ASK MY COLLEAGUES TO DO IS TO CONSIDER -- IF YOU'D LIKE TO SHARE YOUR PUBLIC THOUGHTS ON WHAT I ASKED YOU TO CONSIDER, WHICH IS IF YOU'D LIKE TO 
          [02:50:05]
POTENTIALLY REVISE THE GUIDANCE FROM THE PREVIOUS MAYOR AND COUNCIL ABOUT THIS, WHICH IS THAT APPROACH IS ONE, FOCUSING ON HOW DO WE FINANCE IT. ANOTHER APPROACH IS HOW CAN WE FINANCE IT, AND CAN WE THINK ABOUT SOME CONTRIBUTIONS TO THE GENERAL FUND. IF YOU'D LIKE TO DO THAT PUBLICLY TODAY, PLEASE FEEL FREE. 
          THANK YOU. THE NEXT PERSON, COUNCILMEMBER KAUR. >> KAUR: THANK YOU. 
          WE'VE BEEN TALKING A LOT ABOUT COMMUNITY ENGAGEMENT WITH THIS. I THINK A LOT OF US HAVE RECOGNIZED WE SHOULD HAVE STARTED COMMUNITY ENGAGEMENT EARLIER. WHAT WE HEARD IN DISTRICT 1 SESSIONS IS FOLKS JUST GOT THE CONVERSATION STARTED IN THOSE FIRST TWO DAYS. WHEN WE PUT THAT PLAN TOGETHER WE KNEW THAT WAS GOING TO BE THE FIRST TIME WE WENT TO COMMUNITY. I KNOW SOME OF THE PRESENTATIONS FELT LENGTHY BECAUSE THERE WAS SO MUCH BEING SHARED. 
          WE CAN LEARN FROM THAT AND GROW IN THE NEXT TIME. I DO THINK THERE WAS QUALITY FEEDBACK THAT WAS RECEIVED. 
          THERE WAS SO MANY PEOPLE THAT CAME TO THE DISTRICT 1 SESSION. WE HAD HUNDREDS OF PEOPLE THAT CAME OVER THOSE TWO DAYS. 
          WHAT I'M MOST CURIOUS ABOUT IS HEARING WHAT THOSE RESULTS WERE. SO GRATEFUL THAT FOLKS CAME OUT AND SHARED THEIR THOUGHTS TODAY, BUT IT'S A FRIDAY AFTERNOON AND BEING RESPECTFUL OF THE REST OF OUR COMMUNITY'S TIME, I'D LIKE TO HEAR WHAT CAME OUT OF THAT COMMUNITY ENGAGEMENT AND THAT DEEP LISTENING THAT DID OCCUR WITH THE MAPS, THE EXERCISES OF FOLKS SAYING THIS IS WHAT THEY WANT TO SEE WHERE, AND THE SURVEY. THE SURVEY WAS GREAT. I LIKED THAT WE HAD THE VIDEO AT THE BEGINNING. IT ALLOWED PEOPLE TO PRESENT INPUT. I THINK WE NEED TO CONTINUE THE ENGAGEMENT, SPECIFICALLY AROUND THE COMMUNITY BENEFITS AGREEMENT, BECAUSE THAT WASN'T SUPER CLEAR, TO PROVIDE SPECIFIC GUIDANCE ON WHAT FOLKS WOULD SAY. IF EARLY CHILDHOOD BECOMES A PRIORITY THAT WE WANT TO SET, WOULD LOVE TO HEAR FROM COMMUNITY MEMBERS, FROM EXPERTS. I KNOW DR. BRAY IS HERE AND OTHER EXPERTS ON HER BOARD AND IN THE COMMUNITY ABOUT WHAT THAT PLAN SHOULD LOOK LIKE. BUT THAT ALL BEING SAID, DO WE HAVE A TIMELINE FOR WHEN WE'RE GOING TO RECEIVE THE INPUT FROM THE COMMUNITY ENGAGEMENT THAT WAS -- THIS FIRST ROUND OF COMMUNITY ENGAGEMENT? 
          >> WALSH: AS I SAID IN MY PRESENTATION, I'M EXPECTING TO PRESENT THAT TO YOU ALL NEXT THURSDAY. 
          THE STAFF PRESENTATION, WE'LL HAVE THE MATERIALS TO YOU BY TUESDAY. >> KAUR: I HAD ASKED THEM AS WELL, THE SURVEY IS OPEN UNTIL NEXT -- IT'S CLOSING ON THE 31ST. I WANT TO KNOW MAYBE THAT 
          QUANTITATIVE DATA WILL HAVE TO COME AT A LATER TIME. IF WE CAN CLARIFY THAT. >> WALSH: YES, MA'AM. 
          >> KAUR: I WANT TO TALK ABOUT THREE REALITIES I'VE BEEN THINKING ABOUT WHILE FOLKS HAVE BEEN SPEAKING. 
          FIRST IS OUR DOWNTOWN REALITY. WE KNOW THAT THRIVING CITIES HAVE THRIVING DOWNTOWNS. AND UNFORTUNATELY, AFTER COVID, WE HAD A LOT OF BUSINESSES THAT HAVE LEFT. THERE'S A LOT OF EMPTY, VACANT BUILDINGS. 
          WE'RE LOSING JOBS. PEOPLE ARE ALLOWING FOLKS TO WORK REMOTE. IT'S REALLY HARD TO ACTUALLY INCENTIVIZE DEVELOPMENT DOWNTOWN. THAT MAKES IT -- FOR LESS ACTIVATION IN SPACES, LESS FOLKS WALKING AROUND AND ENJOYING AND SPENDING MONEY, WHICH HELPS GROW OUR ECONOMY OVERALL. SO, WE HAVE SOME WORK TO BE DONE IN ACTUALLY REACTIVATING AND REENGAGING DOWNTOWN. THE SECOND REALITY IS WHAT MANY OF OUR RESIDENTS TALKED ABOUT, WHICH IS THE REALITY OF OUR CITY. WE ARE AN ECONOMICALLY POOR CITY. 
          OUR NEIGHBORHOODS -- I TALKED ABOUT THIS A FEW WEEK AGO. OUR NEIGHBORHOODS NEED SO MUCH WORK. 
          THERE ARE SIDEWALKS BEYOND REPAIR IN SO MANY OF OUR COMMUNITIES THAT WE HAVE TO FOCUSSEN. 
          FOCUS ON. WE'RE A MID-MARKET CITY, NOT L.A. WE DON'T HAVE THE ABILITY TO GO OUT AND, YOU KNOW, PAY SPONSORS TO HAVE HUGE BOOTHS IN OUR COMMUNITY. THE MAYOR SENT OUT THESE CHARTS YESTERDAY THAT I FOUND SUPER FASCINATING. I HAD NO IDEA WE WERE -- NBA CITIES, WE'RE IN THE BOTTOM SIX FORTUNE 500 COMPANIES LOCATED IN OUR CITY, WHICH MAKES IT DIFFICULT TO GET SPONSORSHIPS. THOSE ARE THINGS I HADN'T THOUGHT ABOUT BEFORE. AND WE HAVE A HUGE GAP IN THIRD GRADE READING LEVELS. AND WE ALSO HAVE A HARD TIME RECRUITING COMPANIES. WE ARE ALWAYS IN HERE TRYING TO THINK OF INCENTIVE PACKAGES THAT WILL HELP FOLKS COME. 
          ONE OF THOSE, HAVING AN EARLY CHILDCARE SYSTEM WOULD BE GREAT. BUT RECRUITING IS HARD FOR JOBS THAT WILL PAY WHAT WE KNOW OUR RESIDENTS DESERVE TO BE PAID. AT THE SAME TIME, THE LAST THING ABOUT OUR CITY IS WE HAVE SO MUCH LOVE FOR OUR CULTURE AND COMMUNITY. WE LOVE OUR SPURS, WHICH SO MANY FOLKS MENTIONED TODAY. THEY ARE A HUGE PART OF WHAT MAKES OUR CITY OUR CITY. GO ANYWHERE IN THE WORLD AND PEOPLE ARE WEARING SAN ANTONIO SPURS SHIRTS. 
          THERE'S SO MUCH LOVE, PARTICULARLY BECAUSE WE'RE AN INTERNATIONAL CITY THAT LOVES TO DRAW INTERNATIONAL PLAYERS AS 
          [02:55:08]
WELL. SO THAT ALL BEING SAID, THIS IS NOT -- I'M GOING TO SAY PURPLE BULLET. 
          AND AT THE SAME TIME, IT'S A SMALL PIECE IN THE PUZZLE THAT WILL TRY TO GET US GROWING OUR ECONOMIC REVENUE THAT WE NEED TO HELP OUR DOWNTOWN GROW AND HELP OUR CITY GROW. AND THE LAST REALITY I WANTED TO TALK ABOUT WAS THE FINANCING. 
          THE FINANCING STRUCTURE THAT'S POTENTIALLY BEING USED FOR THIS IS BASED ON THE HEMISFERE AND PFC. 
          HEMISFERE DOESN'T HAVE ANY FUNDING. EACH PARK HAS HAD SUCH A HARD TIME GETTING FOLKS TO REDEVELOP SOME OF THOSE BUILDINGS. IT COSTS SO MUCH. A PROJECT FELL THROUGH THERE A COUPLE YEARS AGO. 
          WE NEED TO HAVE THE PRIVATE DEVELOPMENT THAT'S BEING GUARANTEED TO BE ABLE TO GROW THAT AREA IN ORDER TO PAY FOR THE WORK. SO IT'S HARD TO -- EVEN SOMETIMES I GET LOST IN THE WORDS TRYING TO EXPLAIN IN FUNDING MECHANISM, BUT IT ALMOST FEELS LIKE YOU NEED ONE TO HAVE THE OTHER. AND THAT'S THE REASON WHY THEY'RE NOT JUST PUTTING $100 MILLION INTO THE STADIUM. YOU NEED THAT PRIVATE DEVELOPMENT TO HELP PAY FOR THE REST OF THE WORK THAT WE WANT TO DO AROUND. THIS ISN'T EITHER/OR, INVEST IN COMMUNITIES AND ADDRESS CHALLENGES, OR INVEST IN DOWNTOWN. THIS IS AN OPPORTUNITY TO DO IT BETTER THAN THOSE CITIES THAT HAVE FAILED. YOU CAN LOOK UP CITIES THAT HAVE FAILED AND THERE ARE A FEW. I WAS LON LOOKING INTO MIAMI. 
          AND SOME HAVE BEEN REALLY SUCCESSFUL, TOO. IT DEPENDS ON HOW WE DO THE WORK, WHICH IS WHAT WE'VE BEEN SAYING AND NEED TO CONTINUE TO MOVE FORWARD WITH. WE HAVE TO GET THIS RIGHT BY FIGURING OUT WHAT PEOPLE DID WRONG AND NOT MAKING THOSE SAME MISTAKES. WHEN I WAS LOOKING AT WHAT FOLKS DID WRONG -- WE'VE TALKED ABOUT THIS. THERE WAS NO ACCOUNTABILITY FOR DEVELOPMENT. THAT HAS TO BE THERE. 
          WE HAVE TO BE ABLE TO SEE THAT THIS IS GOING TO HAPPEN BEFORE FUNDS ARE SPENT. THERE HAS TO BE A COMMUNITY BENEFITS AGREEMENT THAT THE COMMUNITY WANTS AND HAS VOICED THAT THEY WANT. THERE HAS TO BE A HOUSING COMPONENT VERY NEAR TO. IT CAN'T BE -- I LOVE MY SOUTH SIDE, BUT IT HAS TO BE CLOSE TO THE AREA OF DEVELOPMENT OCCURRING. AND WE CAN USE TRANSIT TO BENEFIT. TRANSIT IS ANOTHER BIG THING FOLKS HAVE SAID IS IMPORTANT. IF YOU DON'T HAVE A STRONG PUBLIC TRANSIT SYSTEM, PEOPLE CAN'T COME. 
          COUNCILMEMBER VIAGRAN SAYS IN HER COMMUNITY, PEOPLE WANT TO KNOW HOW AM I GOING TO GET TO THE GAMES. 
          IT HAS TO HAVE CLEAR LOCATION AND URBAN PLANNING. THOSE ARE SOME OF THE THINGS THAT WERE REALLY IMPORTANT. 
          AND IT COMES BACK TO ECONOMIC IMPACT. THE MAYOR MENTIONED IT. WE'RE A COUPLE WEEKS AWAY FROM TRULY UNDERSTANDING THE IMPACT OF THE WHOLE PLAN. IF YOU WANT TO MENTION A FEW SECONDS ABOUT THAT. 
          >> WALSH: YOU'RE REFERRING TO THE BOND ELECTION? >> KAUR: ECONOMIC IMPACT FOR THE ENTERTAINMENT DISTRICT AND 
          THE ARENA. >> WALSH: ECONOMIC IMPACT STUDY WE'LL DISTRIBUTE THAT. THE CONSULTANT WILL BE HERE AND 
          WILL PRESENT ON THURSDAY. >> KAUR: THE OTHER QUESTION I ASKED WAS, IT'S ALSO IMPORTANT SOME OF THE ISSUES THAT HAVE COME UP WITH HOUSING INFRASTRUCTURE. WHEN WILL WE KNOW HOW MUCH CAPACITY WE HAVE IF WE WENT OUT 
          FOR A BOND? >> WALSH: WE'RE WORKING ON THAT. WE JUST GOT THE CERTIFIED PROPERTY TAX ROLL THIS WEEK. THE FINANCE TEAM IS GOING THROUGH THAT. WE'RE UPDATING OUR PROPERTY TAX AND DEBT PLAN. I WOULD ANTICIPATE WE WOULD BE ABLE TO SHARE THAT WITH YOU ON WEDNESDAY, MARCH -- NOT MARCH. 
          AUGUST 5TH OR 6TH, WHATEVER THE WEDNESDAY IS, THE B SESSION IS WHAT THE TARGET DATE IS. >> KAUR: THANKS, BEN. 
          >> YES, MA'AM. >> KAUR: IT'S IMPORTANT THAT WE LOOK AT THE CAPACITY TO SEE WHAT WE CAN SUPPORT THROUGH THIS BOND ELECTION. WE HAVE TO LOOK AT ADDING INFRASTRUCTURE, WE HAVE TO LOOK AT ADDING DOLLARS FOR A HOUSING BOND. I WAS JUST AT THE HOUSING CONFERENCE AND EVERYONE WAS TALKING ABOUT HOW OUR $250 MILLION HOUSING BOND WAS SO IMPACTFUL. WE'VE ALREADY FLED THROUGH IT. I SAID WE'RE STILL HAVING A REALLY HARD TIME WITH 30% AMI UNITS. WHAT WOULD YOU RECOMMEND? GIVE US MORE INCENTIVES. 
          THE HOUSING BOND FUNCTIONED IN THE WAY IT WAS SUPPOSED TO. LET'S MAKE SURE WE CAN ADD ON TO THAT AND CONTINUE THAT TRAJECTORY. THE LAST THING I WANTED TO TALK ABOUT WAS WALKABILITY AND CONNECTIVITY. 
          THAT CAME UP A LOT IN OUR DISTRICT 1 CONVERSATIONS. IT'S SO IMPORTANT THAT SUCCESSFUL DISTRICTS PREVIOUSLY HAVE MADE SURE THAT THEY'RE ACTIVATED YEAR-ROUND. IF YOU GO TO THE PARK THIS SUMMER ON A THURSDAY NIGHT THERE IS MUSIC. THEY DO THE SOUND STREAMS AND ALL THE SMALL BUSINESSES AT THE PARK WILL GO OUT. 
          IT'S A GOOD TIME. THURSDAY NIGHTS, THE SMALL BUSINESSES AT HEMISFAIR SAY THURSDAY NIGHTS ARE SAVING THEM. 
          [03:00:05]
IT'S FREE. KEEPING THAT THROUGHOUT THE YEAR IS GOING TO BE SUPER IMPORTANT. AND OUR COMMITMENT TO SMALL BUSINESSES. I KNOW YOU GUYS HAVE THE STAND AS ONE OF THE VENDORS. WE WANT TO KEEP THAT LOCAL VENDOR MENTALITY. AND, OF COURSE, I WOULD BE REMISS IF I DIDN'T SAY I'D LOVE YOU TO RECRUIT A WNBA TEAM. 
          AS WAS MENTIONED, WE ARE A GROWING SPORT. AND IT IS NECESSARY FOR SAN ANTONIO TO ALSO HAVE A WNBA 
          TEAM. THANK YOU. >> MAYOR JONES: THANK YOU, COUNCILWOMAN. 
          COUNCILMEMBER ALDERETE GAVITO. >> ALDERETE GAVITO: THANK YOU, MAYOR. THANK YOU TO ERIC FOR THE PRESENTATION AND FOR ALL THE STAFF'S WORK ON THIS. ERIC, I ALSO WANT TO BE CLEAR THAT I DO WANT TO CONTINUE TO NEGOTIATE FOR A PROPOSED DEAL. WE HAVE TO GET THIS DEAL DONE. I ALSO WANT TO THANK ALL THE SPEAKERS WHO CAME OUT TODAY. 
          WE HEARD A LOT. I'M GOING TO KEEP MY COMMENTS SHORT AND SWEET. WE, WE ARE THE SEVENTH-LARGEST CITY. YES, WE HAVE A LOT OF OPPORTUNITIES HERE. BUT I FEEL THAT WE CAN WALK AND CHEW GUM AT THE SAME TIME. WHAT I MEAN BY THAT IS THAT WE NEED TO CONTINUE TO WORK ON ADDRESSING THE INEQUITIES HERE. 
          AND WE CAN ALSO BUILD FOR US AND OUR KIDS' FUTURE AT THE SAME TIME. I THINK THAT THAT WAS THE SENTIMENTS I HEARD FROM MY COLLEAGUES. IT ISN'T EITHER/OR. WE CAN DO BOTH AT THE SAME TIME. 
          THAT'S WHAT WE NEED TO KEEP OUR EYE ON. I WAS ALSO -- COUNCILMEMBER KAUR, I'M GLAD YOU ASKED ABOUT THE SESSIONS, THE ABLE CITY SESSIONS. DISTRICT 7 WAS ONE OF THE LARGEST-ATTENDED SESSIONS. 
          I THINK IT'S IMPORTANT THAT WE TAKE THE FEEDBACK. WE ALL LOVE EARLY CHILDCARE. IT'S IMPORTANT. 
          BUT I WANT TO MAKE SURE, AS SOME OF THEOF THE SPEAKERS NOTED, THE COMMUNITY BENEFITS AGREEMENT ADDRESSES WHAT THE COMMUNITY WANTS. IT COULD BE AFFORDABLE HOUSING, OR A LOT OF OTHER THINGS. I HAD A GOOD CONVERSATION WITH MY COLLEAGUE, COUNCILMEMBER CASTILLO, AND WE WERE SAYING LET THE DATA DRIVE IT AND LET THE COMMUNITY'S INPUT DRIVE WHAT THAT COMMUNITY BENEFITS AGREEMENT IS GOING TO SHAPE UP TO BE. AND LASTLY I'LL JUST NOTE THAT YES, TRANSPORTATION IS OF UTMOST IMPORTANCE NOT ONLY IN WALKABILITY, BUT FOR RESIDENTS ALL OVER THE CITY TO BE ABLE TO ENJOY GAMES AND ACTIVATION ALL YEAR ROUND. SO, THOSE ARE ALL MY COMMENTS. THANK YOU. 
          >> MAYOR JONES: COUNCILWOMAN, MAY I ASK YOU TO CLARIFY? I THINK YOU ANSWERED IT. WHEN YOU SAID WE WANT TO CONTINUE TO NEGOTIATE A PROPOSED DEAL, UNDER THE CURRENT STRUCTURE AS PRESENTED, OR MODIFIED TO INCLUDE FINANCE AND 
          ADDITIONS TO THE GENERAL FUND? >> WHAT'S BEEN PRESENTED. >> MAYOR JONES: JUST THE FINANCE PIECE. 
          GOT IT. ERIC, BECAUSE AS MENTIONED BY A COUPLE OF FOLKS, THE IMPORTANCE OF THE FEEDBACK FROM THOSE ABLE SESSION PIECES, I THINK IT IS IMPORTANT, AS YOU REMEMBER, ONE OF MY FEEDBACK TO YOU WAS HAVING GONE TO THE SESSION IN DISTRICT 10, FOLKS NEEDED AN OPPORTUNITY FOR Q&A. THERE WASN'T THAT ONE IN DISTRICT 10. 
          I KNOW THAT MODIFIED AFTER THAT SESSION. IF YOU WOULD PLEASE, WHEN YOU PROVIDE THAT FEEDBACK TO THIS COUNCIL AND YOU MARK THE FEEDBACK OF THOSE SESSIONS, PLEASE NOTE WHICH ONES HAD A FORMAL Q&A PORTION AND WHICH DID 
          NOT. THANK YOU. COUNCILMEMBER WHYTE. >> WHYTE: THANKS, MAYOR. 
          I'VE BEEN PRETTY CLEAR EVERY TIME WE TALK ABOUT THIS ISSUE THAT I HAVE BEEN EXTREMELY FRUSTRATED IN HOW THIS WAS ROLLED OUT. I THINK WE COULD HAVE DONE A MUCH, MUCH BETTER JOB. AND WE SHOULD HAVE HAD COMMUNITY ENGAGEMENT EARLIER. AND FRANKLY, WE SHOULD HAVE GOTTEN OUR ACT TOGETHER BETTER SO WE COULD HAVE TOLD THE CITIZENS OF SAN ANTONIO HOW THIS WAS GOING TO BE PAID FOR. WITH THAT SAID, WE ARE FINALLY THERE. 
          AND IT LOOKS LIKE WE HAVE A FINANCIAL STRUCTURE IN PLACE AT THE PRESENT TIME WHERE WE CAN PAY FOR THIS STADIUM WITHOUT USING OUR CITIZENS' TAX DOLLARS, THROUGH THE COUNTY PORTION AS WE'VE DISCUSSED, THE VENUE TAX, AND THROUGH THIS PFZ. 
          AND THAT'S THE SECOND PART OF IT. AND BEN, IF YOU COULD JUST CLARIFY FOR US HERE ON THESE PFZ DOLLARS THAT WOULD BE, I GUESS THAT'S BEING LABELED AS THE CITY'S PORTION. THIS IS MONEY THAT WE ARE GETTING FROM THE STATE THAT CAN ONLY BE USED FOR SOMETHING LIKE THIS. IS THAT RIGHT? 
          >> CORRECT. IT IS INCREMENTAL REVENUES. IT IS RESTRICTED TO SPECIFIC USES. 
          [03:05:10]
          AND ONE OF THOSE USES IS -- THE ARENA FITS INTO THAT CATEGORY. >> WHYTE: THIS IS NOT MONEY THAT WE COULD USE ACROSS THE 
          CITY FOR INFRASTRUCTURE OR ANYTHING ELSE. >> NO. UNDER THE STATUTE IT CAN GO FOR 
          INFRASTRUCTURE, BUT IT'S GOT TO BE RELATED TO ONE OF THE QUALIFYING PROJECTS. >> WHYTE: OKAY. 
          GREAT. THANK YOU FOR THAT. SO, WE'RE AT A PLACE WHERE THE FINANCIAL STRUCTURE FOR THIS DEAL SEEMS TO BE THE MONEY FROM THE COUNTY. THIS PFZ MONEY THAT WAS JUST EXPLAINED. 
          AND THEN WE GET TO THE SPURS PORTION. AND THAT LOOKS LIKE JUST DIRECT DOLLARS TO THE STADIUM, SOMEWHERE IN THE NEIGHBORHOOD OF $500 MILLION PLUS. AND YOU KNOW, THE VILIFICATION THAT I HEAR SOMETIMES OF THE SPURS AND THE PEOPLE THAT OWN THE SPURS, AND THE MONEY THAT THEY MAKE, ETC. -- AI THAT BOTHS ME. 
          THIS IS THE MODEL FRANCHISE I WOULD ARGUE, IN THE NBA. THIS IS A GREAT COMMUNITY PARTNER THAT WE HAVE HERE AT THE CITY. AND WHAT THEY ARE OFFERING HERE TO DO TO MAKE THIS DEAL HAPPEN IS FRANKLY, IT'S SOMETHING THAT SHOULD BE APPLAUDED. IT'S A COMMITMENT TO THIS CITY THAT WE SHOULD NOT TAKE FOR GRANTED. 
          THERE ARE OTHER NBA TEAMS THAT HAVE ALL, YOU KNOW, BEEN IN THIS SAME SPOT LOOKING AT STADIUM DEALS RECENTLY AND OVER THE PAST 10-15 YEARS THAT DO NOT MAKE THE COMMITMENT TO THE CITY AND DO NOT PUT UP THE KIND OF DOLLARS THAT WE'RE TALKING ABOUT HERE THAT THE SPURS ARE OFFERING. AND SO THIS IS NOT SOMETHING THAT WE SHOULD TAKE LIGHTLY. WE SHOULD BE APPRECIATIVE. 
          AND WE SHOULDN'T BE LOOKING TO BLEED EVERY LAST DOLLAR FROM THEM ON THIS DEAL. WE SHOULD BE LOOKING AT THE SPURS AS A PARTNER IN DOING SOMETHING THAT COULD BE REALLY, REALLY SPECIAL FOR THE CITY OF SAN ANTONIO. 
          YOU KNOW, I HEARD SOMETHING EARLIER. SOMEBODY SAID THAT THERE WAS SOMEBODY TODAY THAT SAID, YOU KNOW, THIS PROJECT COULD MAKE SAN ANTONIO A GREAT CITY. AND OF ALL THE THINGS THAT I HEARD TODAY, THAT MAY BE THE SENTIMENT THAT I DISAGREE WITH THE MOST. BECAUSE SAN ANTONIO IS ALREADY A GREAT CITY. 
          WE ARE A PLACE WITH PASSIONATE PEOPLE, SMART, HARDWORKING FOLKS. WE HAVE GREAT CULTURE HERE. 
          THIS IS A SPECIAL PLACE IN AMERICA. AND THIS PROJECT ISN'T GOING TO MAKE SAN ANTONIO GREAT, BUT WHAT IT CAN DO IS ELEVATE EVERY CORNER OF THIS CITY. IT CAN ELEVATE OUR CITIZENS AND TAKE THIS CITY TO SOMEWHERE THAT IT HASN'T BEEN BEFORE. BUT ONLY IF WE DO IT RIGHT. AND SO ERIC, THE GUIDANCE THAT I'M HERE TO ASK FOR, OR TO GIVE YOU TODAY, IS, YES. TO CONTINUE TO NEGOTIATE THIS DEAL, SO LONG AS WE ARE NOT USING OUR CITIZENS' TAX DOLLARS TO MAKE THIS HAPPEN. AND SO, TO ME, THE STRUCTURE THAT HAS BEEN PRESENTED TODAY, THE STRUCTURE THAT THIS CITY COUNCIL -- YOU KNOW, THE WORK THAT THIS CITY COUNCIL HAS PUT IN OVER THE PAST YEAR ON THIS PROJECT AND CITY STAFF -- AND LET ME SAY, ERIC, YOUR TEAM -- THIS IS A COMPLICATED DEAL. AND YOU AND BEN AND LAURIE AND EVERYBODY THAT'S WORKED ON THIS DESERVES SO MUCH CREDIT FOR GETTING US TO THE PLACE WE ARE TODAY. AND WE'VE HAD THOSE FRANK CONVERSATIONS. I HAVEN'T LOVED THE PROCESS. BUT WE ARE WHERE WE ARE NOW. AND WE ARE ABLE TO GIVE THE CITIZENS OF SAN ANTONIO A CLEAR LOOK AT WHAT THIS WOULD LOOK LIKE IF WE GO FORWARD FROM A FINANCIAL AND A COMMUNITY PERSPECTIVE. AND THAT'S WHAT'S REALLY IMPORTANT. TRANSPARENCY MUST BE AT THE FRONT OF EVERYTHING THAT WE DO HERE AT CITY HALL. SO I'M PLEASED THAT WE'RE NOW IN A PLACE WHERE OUR CITIZENS CAN BE GIVEN ALL THE INFORMATION THAT THEY NEED SO THAT WHEN THEY GO TO THE POLLS TO VOTE ON THIS ISSUE IN NOVEMBER, OR NEXT MAY, 
          [03:10:09]
OR HOWEVER IT'S GOING TO END UP BEING DONE, THEY HAVE ALL THE INFORMATION TO MAKE THE DECISION. 
          BECAUSE AT THE END OF THE DAY, IT WILL BE THE PEOPLE THAT GET TO DECIDE THIS. AND I THINK THAT WE'RE ALL VERY PLEASED ABOUT THAT. THE LAST THING I'M GOING TO SAY IS, YOU KNOW -- AND A COUPLE OF MY COUNCIL COLLEAGUES STOLE MY LINE. BUT THIS IS NOT AN EITHER/OR. THE WAY THE FINANCIAL STRUCTURE OF THIS ARENA HAS BEEN SET UP IS WE CAN DO THE ARENA WITHOUT SACRIFICING OUR OTHER GOALS. I HEARD TALKS TODAY ABOUT THE INFRASTRUCTURE PROBLEMS WE HAVE IN THIS CITY. YES, WE DO. WE HAVE AN AGING INFRASTRUCTURE IN SAN ANTONIO THAT WE'VE GOT TO TAKE CARE OF. WE NEED NEW STREETS. WE NEED NEW SIDEWALKS. WE NEED TO DO OTHER THINGS IF FR OUR PARKS. WE NEED MORE PUBLIC SAFETY. WE'VE GOT TO GET MORE OFFICERS ON THE STREET TO KEEP OUR CITIZENS SAFE. THERE IS A LOT THAT WE NEED TO DO THAT WE'RE GOING TO BE TALKING ABOUT OVER THE NEXT COUPLE OF WEEKS WHEN WE TALK ABOUT THE BUDGET. AND SO, I DON'T WANT US TO LOOK AT THIS AS WELL, WE'RE DOING THE STADIUM SO WE'RE GOING TO HAVE TO FO FORGO ALL OF THESE OTHER THINGS. THAT'S NOT THE CASE. 
          WE CAN GET THIS ARENA DONE, WHICH IS GOING TO DO SOMETHING FOR THIS CITY, PROVIDE REVENUE FOR THIS CITY FOR YEARS TO COME THAT WE'RE GOING TO BE ABLE TO USE TO DO ALL THESE OTHER THINGS. AND AT THE SAME TIME, WE CAN GET FOCUSED IN OUR BUDGET AND FOCUS ON THE DAY-TO-DAY NEEDS OF SAN N CITIZENS. HOW CAN WE DIRECTLY IMPACT THEIR LIVES. WE'VE GOT TO ALLOCATE THEIR TAX DOLLARS IN THIS BUDGET PROCESS. AND AT THE SAME TIME, WE CAN HAVE A LONG-TERM VISION FOR SAN ANTONIO, PROVIDE THE SPURS A WORLD-CLASS ARENA, WHICH THEY DESERVE. 
          WE CAN DO IT ALL AT ONCE. WHEN IT COME TO THE COMMUNITY BENEFITS AGREEMENT, I SPOKE WITH COUNCILWOMAN CASTILLO, AND I BELIEVE WITH WHAT SHE BELIEVES, AND COUNCILWOMAN KAUR, AND COUNCILWOMAN ALDERETE GAVITO. WE'VE HEARD FROM OUR RESIDENTS AS TO WHAT THEY'RE LOOKING FOR. IF IT'S CHILDHOOD EDUCATION, GREAT. IF IT'S HOUSING, SURE. 
          INFRASTRUCTURE, WHATEVER IT IS. ERIC, YOU GO AND NEGOTIATE A GOOD, A FAIR DEAL FOR THE CITY. AND THEN WE CAN ALL TALK ABOUT WHAT WE WANT TO DO AND HAVE IN THAT COMMUNITY BENEFITS AGREEMENT. SO, LISTEN. 
          THIS HAS NOT BEEN A PERFECT PROCESS. I'M PROUD OF THE WORK THAT COUNCIL HAS DONE OVER THE LAST YEAR AND YOUR TEAM, ERIC, TO GET US TO WHERE WE ARE TODAY. LET'S MOVE FORWARD. LET'S KEEP EXPLORING THIS IN A RESPONSIBLE MANNER SO THAT WE END UP WITH SOMETHING THAT OUR ENTIRE CITY CAN BE PROUD OF. THANKS, MAYOR. 
          >> MAYOR JONES: SO, CONFIRMING AGAIN, YOU'D LIKE TO PROCEED WITH THE CURRENT STRUCTURE, NO FINANCE AND ADDITIONAL RESOURCES 
          TO THE GENERAL FUND, CORRECT? >> WHYTE: YEAH. PROCEED HOW WE ARE. THANKS. 
          >> MAYOR JONES: ERIC, ONE OF THE THINGS I THINK THAT WILL BE HELPFUL ON SLIDE 5 YOU TALK ABOUT THE SPURS AND DEVELOPER REVENUES AND THE PFZ. VERY CLEARLY LAYING OUT WHICH OF THESE THINGS COULD AT ONE POINT, AND SOONER MAYBE THAN ANTICIPATED COME INTO THE GENERAL FUND, VERSUS -- SO I THINK AS COUNCILMEMBER WHYTE HAS MENTIONED, THIS IDEA THAT WE'RE NOT USING CITY RESOURCES. WANT TO MAKE SURE THAT EVERYBODY UNDERSTANDS THAT, FOR EXAMPLE, WITH THE TIRZ, THERE IS A POSSIBILITY WHERE A PORTION OF THAT COULD COME INTO THE GENERAL FUND, WHICH WOULD MAKE THAT CITY DOLLARS. 
          BECAUSE IT DOESN'T COME INTO THE GENERAL FUND DOESN'T MEAN IT'S NOT CITY DOLLARS. ERIC, IF I HAVE 
          MIS-CHARACTERIZED ANY OF THAT, PLEASE CORRECT ME. >> WALSH: NO. ULTIMATELY, THE TIRZ IS CREATED THERE, OR ANY OTHER CITY-INITIATED TIRZ FOR REVENUE IN THAT AREA. AS WE HAVE CONTEMPLATED THE STRUCTURE, WHATEVER THE VALUE OF THE GUARANTEED DEVELOPMENT, WE HAVE ASSUMED -- IN OUR INTERNAL MODELS -- THAT WE'RE SHOWING OUT HERE, THAT 100% OF THAT INCREMENT WOULD GO TOWARD THAT CONTRIBUTION. IF THAT'S SOMETHING DIFFERENT 
          [03:15:07]
          THAT YOU WANT, THAT'S UP TO YOU ALL. YEAH. >> MAYOR JONES: THANK YOU. 
          COUNCILMEMBER GALVAN. >> GALVAN: THANK YOU, MAYOR. I WANT TO START SAYING THANK YOU TO STAFF, TO THE SPURS, AND TO FOLKS FROM ABLE CITY FOR HOSTING THE MEETINGS, AND, OF COURSE, IN DISTRICT 6. I WAS EXCITED TO HAVE THE OPPORTUNITY FOR EACH OF THE SESSIONS, TOWN HALLS OR DURING THE TRANSPORTATION, OR THE SMALL GROUP CONVERSATIONS, TO BE PRESENT DURING THOSE IN DISTRICY FROM RESIDENTS WHAT THEY WERE THINKING ABOUT FOR THE SPORTS ENTERTAINMENT DISTRICT. 
          WHAT I HEARD A LOT OF FROM THERO GET THE COMMUNITY INPUT REPORT SOONER THAN LATER. BUT WHAT I HEARD FROM WITHIN THE DISTRICT 6 CONVERSATIONS WAS A FOCUS ON SOME OF THE IMPROVEMENTS NEEDED IN DOWNTOWN AS WELL AS SOME OF THE POTENTIAL CBA CONVERSATIONS, INCLUDING LOOKING AT LIVING WAGES, SMALL BUSINESS INCLUSION, INFRASTRUCTURE IMPROVEMENTS BOTH WITHIN DOWNTOWN GENERALLY AS WELL AS ALSO IN OTHER PARTS OF THE CITY, AND ENSURING THAT THESE DON'T NECESSARILY HARM THE INFRASTRUCTURE IMPROVEMENTS THAT WE'RE LOOKING AT AND NEED THROUGHOUT THE REST OF OUR CITY, OF COURSE FOCUSING IN ON DISTRICT 6. TALKED ABOUT HOUSING AFFORDABILITY, PUBLIC SPACES, TALKED ABOUT GENERALLY MAKING SURE THERE'S LITTLE TO NO IMPACT ON CITY SERVICES, FOCUSING ON FUNDING THESE PIECES. I'M GLAD WE HAD THE CONVERSATION. AS WE GET OUR COMMUNITY INPUT REPORT FROM ALL THESE CONVERSATIONS, I WANT TO SEE OUR COMMUNITY BENEFITS AGREEMENT, WHILE CHILDCARE IS IMPORTANT, IT BEGINS TO ADDRESS SOME OF THOSE PIECES WE'RE HEARING DIRECTLY FROM RESIDENTS AROUND WHAT THEY WANT TO SEE. THE BIGGEST THING ABOUT THE COMMUNITY BENEFITS AGREEMENT IS THAT IT COMES FROM THE COMMUNITY. US HERE ON THE DAIS ARE LOOKING AT WAYS TO MEET THE NEEDS, BUT I WANT TO MAKE SURE THERE ARE OPPORTUNITIES IN THE FUTURE AS WE CONTINUE FORWARD ON THESE CONVERSATIONS FOR RESIDENTS TO GIVE INPUT ON WHAT THEY WANT TO SEE WITHIN THE CVA THAT WOULD BE EFFECTIVE THAT WOULD IMPACT THEIR DAY-TO-DAY LIVES OR WHAT THEY WANT TO SEE IN THE SPORTS ENTERTAINMENT DISTRICT. I DON'T WANT TO SEE INTERNAL CONVERSATIONS DIRECTING THE CBA. 
          I WANT TO SEE OUR GOVERNMENT REPRESENT WHAT FOLKS ARE ASKING FOR FROM THIS PARTICULAR PIECE, THIS PARTICULAR PROJECT. 
          SIMILARLY TO THAT, I THINK A LOT ABOUT WHAT I HEARD COMING OUT OF THE CAMPAIGN TRAIL, KNOCKING THOUSANDS OF DOORS SINCE DECEMBER OF LAST YEAR AND STILL GETTING INPUT FROM RESIDENTS THROUGH OUR CITY COUNCIL EMAIL BOX AND PHONE CALLS AND ALL THOSE THINGS. WHAT I HEARD A LOT OF WAS I GET IT. LOVE THE SPURS. 
          I STILL HAVE THE JERSEY IN MY CLOSET. HOWEVER, IS THIS THE RIGHT TIME FOR THIS PIECE? IS THIS THE RIGHT TIME FOR US TO INVEST IN THIS PIECE? WHAT I'VE HEARD A LOT OF WAS I'VE SEEN THIS BEFORE. 
          WE HEARD THAT TODAY, TOO. IT FEELS LIKE IT'S FREQUENTLY WE ARE CHASING OUR OWN TAILS HOPING IF WE GIVE MONEY TO PRIVATE INVESTMENT, IT WILL COME AROUND AND WE'LL BE ABLE TO FUND OUR SERVICES AND INVEST IN OUR RESIDENTS. 
          AND THEN WE'RE BACK AT SQUARE ONE SAYING WE'RE OUT OF MONEY. OF COURSE, THOSE ARE DIFFERENT CONVERSATIONS, DIFFERENT BUCKETS OF MONEY WE'RE LOOKING AT. THAT'S THE SENTIMENT I'VE HEARD FROM MY RESIDENTS. IT DIDN'T MATTER WHAT POLITICAL PARTISANSHIP THEY HAD, THOSE ARE THE CONCERNS THEY HAD LOOKING AT WHAT OUR CURRENT STATE IS IN OUR CITY. 
          SO WHEN I THINK ABOUT THIS PARTICULAR PROJECT AND REPRESENTING MY RESIDENTS, I HAVE TO MOVE ON THIS SPORTS ENTERTAINMENT DISTRICT WITH SKEPTICISM, WITH CONCERN ON HOW IT WILL REALLY IMPACT OUR FUTURE BOND CYCLES, HOW IT WILL IMPACT IF AT ALL OUR BUDGET. I KNOW THERE ARE PROJECTIONS, I'M EXCITED TO SEE THE ECONOMIC IMPACT REPORT. 
          BUT IT'S JUST HARD TO IGNORE THE DECADES OF RESEARCH THAT ALWAYS SHOW THESE DON'T PAN OUT THE WAY WE ALWAYS THINK. 
          ARE THEY IMPACTFUL TO OUR CULTURE? YES. CAN THEY HELP REVITALIZE AREAS OF DOWNTOWN? SURE. ALL REVITALIZATION EFFORTS DO THAT. 
          CAN IT DO IT TO THE POINT WHERE IT DELIVERS ON THE PROMISE THAT ONCE WE GET THIS REVENUE WE CAN DELIVER THE SERVICES WE PROMISE WE'RE GOING TO. I DON'T KNOW. AND IN FACT, I WOULD LEAN MORE TO I THINK WE DO KNOW. 
          AND I THINK IT'S BAD ON OUR CITY TO JUMP INTO ANOTHER DEAL THAT JUST HAS A BAD TRACK RECORD. I'VE HEARD AS SOMEONE WHO STUDIES HISTORY, THE REFERENCE TO HEMISFAIR IN PAST PROJECTS. THE RECORD IS REALLY CLEAR. DID IT HAVE IMPACT ON PUTTING 
          [03:20:06]
SAN ANTONIO ON THE MAP? SURE, HEMISFAIR DID. DID IT ALSO LEAVE LEAVE US IN A DEFICIT? YES. DID IT GIVE US A RETURN? NO. IT LEFT A DEFICIT. 
          WHAT WAS SUCCESSFUL WAS SOME OF THE MAJOR PUBLIC IMPROVEMENTS THAT ARE STILL THRIVING TODAY, WHETHER IT'S LOOKING AT THE HEMISFAIR TOWER, THE RIVER WALK, PUBLIC PARK SPACES. THAT'S THE KIND OF ECONOMIC DEVELOPMENT I REALLY AM FOCUSED ON, LOOKING AT WAYS WE CAN IMPROVE PUBLIC IMPROVEMENTS TO CREATE CONDITIONS THAT WILL BRING IN MORE ECONOMIC DEVELOPMENT ON ITS OWN RATHER THAN HAVING TO FIGURE OUT WAYS TO DO A CYCLICAL MOVE OF GIVING MONEY DIRECTLY TO THE FOLKS WHO WE HOPE WILL CREATE THE CONDITIONS, AND THEN WILL SAY HERE'S THE REVENUE WE WERE ABLE TO COLLECT. 
          I'M WORRIED ABOUT TO THE POINT THAT THE MAYOR ASKED ABOUT WILL THIS MONEY COME BACK AROUND, ARE THERE WAYS WE CAN MAKE SURE THE TIRZ DOLLARS COME BACK INTO OUR GENERAL FUND. HOPEFULLY. BUT I KNOW WITH -- BEFORE I SAY THAT, I DON'T KNOW IF IT WOULD BE ANDY FOR THE . . . WE WEREN'T PRESENTED THE TERM SHEET. ARE WE ABLE TO DISCUSS ELEMENTS 
          OF THAT PUBLICLY? >> WHAT WASN'T ON THE TERM SHEET? >> GALVAN: ARE WE ABLE TO 
          DISCUSS ELEMENTS OF THE TERM SHEET? >> ABSOLUTELY, AS OUTLINED IN THE PRESENTATION. 
          WE, YYES. >> GALVAN: THERE WAS A PIECE ABOUT THE IMPROVEMENTS COMING AROUND WITH OPERATIONS FOR THE STADIUM AND OTHER ENTITIES. MAINLY THE STADIUM. WOULD IT BE FUNDED BY THE TIRZ DOLLARS THAT ARE RAISED AFTER THIS PROJECT IS DEVELOPED. I DON'T KNOW AT WHAT POINT DO THOSE TIRZ EVER CLOSE OR GET REDUCED, OR WE GET THE FUNDS BACK. THEY'RE FOCUSED ON GOING BACK INTO THE SAME POOL THEY'RE INVESTING IN. 
          IT FEELS LIKE THE SAME CYCLE WE NEVER GET THE FUNDING BACK FROM. SALES TAX WILL BE A BIT DIFFERENT. 
          WE'LL BE ABLE TO CAPTURE SOME OF THOSE DOLLARS. BUT IT KEEPS ME IN THE SAME CYCLE OF IS IT GOING TO BE DIFFERENT REVENUE THAN WHAT WE'RE EXPERIENCING NOW? HOPEFULLY. BUT STUDIES SAY OTHERWISE. 
          STUDIES SAY THE SALES TAX SHIFT IN THE CITY RATHER THAN CREATING NEW SALES TAX REVENUES. IT MAKES ME UNCOMFORTABLE TO CONTINUE GOING FORWARD. BUT TO BE STRAIGHTFORWARD AND CLEAR, I DON'T THINK THERE'S ENOUGH INFORMATION YET. 
          I'M GRATEFUL THAT THE MAYOR SCHEDULED THIS MEETING BECAUSE IT SEEMED TO GET INFORMATION OUT FASTER THAN WE WERE GOING TO GET IT AT FIRST. COULD BE WRONG. I DID APPRECIATE THAT, AND BEING ABLE TO HAVE THIS CONVERSATION PUBLICLY ABOUT WHAT THE SPURS ARE LOOKING TO CONTRIBUTE, WAYS THAT WE CAN FINANCE THIS. I WOULD LIKE TO CONTINUE MOVING FORWARD WITH THESE CONVERSATIONS TO SEE WHAT MORE DETAILS SHAKE OUT AND WHAT THE ACTUAL PROPOSAL IS AT THE END OF THE DAY FOR ALL OF THIS. AND BY THE END OF AUGUST, HAVING THAT CONVERSATION. GETTING MORE ABOUT THE FINANCE SPECIFICS, WHAT THE CBA COULD LOOK LIKE. HAVING THAT CONVERSATION WITH THE COMMUNITY AND THE DAIS ABOUT WHAT THE COMMUNITY BENEFITS AGREEMENT COULD LOOK LIKE. I WOULD LIKE TO CONTINUE TO MOVE FORWARD, RECOGNIZING THE HISTORY THAT IS THERE, RECOGNIZING THERE IS SKEPTICISM FROM MYSELF AND RESIDENTS THROUGHOUT OUR CITY, BASED ON PUBLIC POLLING, AND TO TAKE THAT WITH SERIOUSNESS, THE SAME WAY WE TAKE IT SERIOUSLY ABOUT OUR BUDGET. THE CONCERNS THAT WE HAVE ABOUT OUR BUDGET, SAYING WE KNOW WE NEED TO INVEST IN HOMELESSNESS, PUBLIC PARKS, INFRASTRUCTURE -- BUT THE MONEY IS TIGHT AT THE MOMENT. I THINK WE SHOULD LOOK AT THIS THE SAME WAY. I'LL LEAVE MY COMMENTS THERE FOR NOW. I MAY JUMP BACK IN A SECOND. 
          SPEARS. >> SPEARS: THANK YOU, MOIR, MAYOR,ERIC, STAFF, AND EVERYONEO CAME TO SPEAK. 
          WE TAKE EVERYTHING YOU'RE SAYING SERIOUSLY AND WE APPRECIATE YOUR TIME. MAYOR, I WOULD LIKE TO CONTINUE OUR DISCUSSIONS UNDER THE CURRENT FINANCING STRUCTURE. AND I WOULD ASK CITY STAFF TO CONTINUE TO ENGAGE IN MORE COMMUNICATION SESSIONS AND MAKE IT MORE CLEAR FOR OUR CITIZENS ON WHAT WE'RE ACTUALLY VOTING ON AND EXPLAIN THE FUNDING STRUCTURE AS WE'RE MOVING THROUGH AND CONTINUE OUR DISCUSSIONS, BECAUSE IT IS COMPLICATED. 
          AND I THINK THERE'S A LOT OF MISUNDERSTANDINGS AROUND THE WAY THIS IS BEING STRUCTURED CURRENTLY. 
          OUR RESIDENTS DO DESERVE TRANSPARENCY. AND I HEAR FROM MY DISTRICT 9 RESIDENTS THAT THEY ARE NOT SAYING NO TO THIS PROJECT. THEY'RE JUST ASKING FOR MORE INFORMATION AND TIME SO THAT THEY CAN MAKE ANTIBIOTICKED EDUD DECISIONS. I DON'T THINK THAT'S UNREASONABLE. I WOULD LIKE TO ACKNOWLEDGE THE 
          [03:25:02]
DEEP HISTORY THE SPURS ORGANIZATION HAS IN OUR CITY AND FOR ME WITHIN MY OWN FAMILY. MY HUSBAND'S GRANDFATHER, ADRIENNE SPEARS, PLAYED A MAJOR ROLE IN KEEPING THE SPURS IN SAN ANTONIO. IN 1974, HE RULED TO KEEP GEORGE THE ICEMAN HERE, IN A CONTESTED TRADE DEAL, A DECISION THAT NOT ONLY HELPED DEFINE THE SPURS FRANCHISE, BUT HELPED ANCHOR SAN ANTONIO'S IDENTITY FOR GENERATIONS. AND SO TO MANY OF US THE SPURS AND THEIR AFFILIATION WITH SAN ANTONIO FEELS VERY PERSONAL. SO AS A COUNCIL, WE MUST LEAD NOT WITH SENTIMENT BUT WITH OUR STRATEGY. 
          THE SPURS HAVE BEEN A PART OF SAN ANTONIO'S STORY FOR DECADES. BUT NOT EVERYONE KNOWS WHAT THEY'VE INVESTED IN OUR COMMUNITY FAR BEYOND THE COURT. PLAYERS LIKE DAVID ROBINSON, TIM DUNCAN, DANNY GREEN, PATTY MILLS, SEAN AND OTHERS HAVE MADE INVESTMENTS IN LOCAL PROGRAMS AND INITIATIVES. AND BEYOND INDIVIDUAL CONTRIBUTIONS, THE SPURS SPORTS HAVE INVESTED IN THE FABRIC OF OUR CITY. THEY'VE PUT OVER $510 MILLION INTO THE ROCK, AND CONTRIBUTED TO OPERATIONS AND UPGRADES, AND THEY EMPLOY 900 TO 1100 PEOPLE WITH JOBS THAT SUSTAIN LOCAL FAMILIES AND CONTRIBUTE TO OUR ECONOMY. BUT WE MUST FOCUS ON THE BASICS OF OUR CITY. GETTING BACK TO THE CORE RESPONSIBILITIES OF GOVERNMENT AND ECONOMIC DEVELOPMENT IS A MAJOR PART OF THAT. AND THE PARTNERSHIPS ARE KEY. 
          THIS MEANS FOCUSING ON THE IMPACTS OF THESE INVESTMENTS AND ENSURING THAT ALL SAN ANTONIANS BENEFIT AND BUILD STRONG RELATIONSHIPS WITH OUR ECONOMIC PARTNERS. THESE INVESTMENTS MUST DRIVE CONTINUOUS GROWTH WHILE STRENGTHEN OUR COMMUNITY, OUR CULTURE, AND WHAT MAKES US SAN ANTONIAN, AND THAT STARTS WITH UNDERSTANDING WHAT GOOD PARTNERSHIPS LOOK LIKE. WHAT WE NEED TO DETERMINE AS A COUNCIL AND AS A CITY IS HOW THESE INVESTMENTS CAN HAVE THE MOST EQUITABLE AND LASTING IMPACT. AND WHILE I APPRECIATE THE PROPOSED INVESTMENT IN CHILDCARE, WE STILL DESPERATELY NEED INVESTMENT IN SENIOR HOUSING, DRAINAGE AND EQUIPMENT FOR ALL OF OUR FIRST RESPONDERS. 
          A ROBUST COMMUNITY BENEFIT AGREEMENT IS ESSENTIAL. OUR FOCUS MUST STAY CENTERED ON LONG-TERM ECONOMIC IMPACT AND ON ENSURING THAT EVERY DISTRICT SEES A RETURN ON THIS PARTNERSHIP. THE SPURS ARE AN ANCHOR INSTITUTION AND A LONG-PROVEN FORWARD-THINKING PARTNER IN SAN ANTONIO. I WOULD LIKE TO SAY THANK YOU TO THE SPURS ORGANIZATION FOR PROVIDING GREATER CLARITY AROUND YOUR FINANCIAL COMMITMENTS AND DEVELOPMENT PLANS. 
          AND I THINK THIS IS EXACTLY THE KIND OF TRANSPARENCY AND DETAIL MY RESIDENTS HAVE CONSISTENTLY BEEN ASKING ME FOR. 
          WE NEED CLEAR INFORMATION ABOUT THE SCOPE OF PRIVACY INVESTMENT AND HOW THIS PROJECT WILL BENEFIT THE BROADER COMMUNITY. 
          I WANT THIS PROJECT TO BENEFIT THE WHOLE CITY. THE WHOLE CITY NEEDS TO BE INFORMED, HEARD, AND RESPECTED IN THIS PROCESS. I WOULD ALSO ASK THAT WE DETERMINE THE PROJECTED NUMBER AND TYPE OF JOBS THAT WILL BE CREATED BY THIS NEW DEVELOPMENT, AND WILL THESE JOBS PROVIDE PATHWAYS FOR UPWARD MOBILITY FOR OUR RESIDENTS. 
          AND I WOULD ALSO LIKE TO CONSIDER WHETHER -- WILL THE SPURS COMMIT TO HIRING OUR LOCAS AND WORKFORCE TRAINING PROGRAMS TO ENSURE A BROADER ECONOMIC BENEFIT. AND I WOULD ALSO ASK THAT THE SPURS ORGANIZATION AND THE CITY MAKE COMMITMENTS TO LOCAL SMALL BUSINESSES, INCLUDING FOOD SERVICE, RETAIL, STAFFING, MAINTENANCE, AND PROFESSIONAL SERVICES AND THAT THEY BE PRIORITIZED FOR VENDOR AND SERVICE CONTRACTS AT THE NEW ARENA AND SURROUNDING ENTERTAINMENT DISTRICT, AND NOT JUST THROUGH CONSTRUCTION, BUT THROUGHOUT THE WHOLE ARENA IN CONTINUED PARTNERSHIP. 
          SO, I REALLY APPRECIATE ALL THE TIME THAT WE'VE PUT INTO THIS. IT'S BEEN A LONG TIME THAT WE'VE BEEN WORKING ON THIS. 
          AND I THINK IT WOULD BE A LOST OPPORTUNITY IF WE DIDN'T CONTINUE IN OUR DISCUSSION. SO, MAYOR, DID I ANSWER ALL YOUR 
          QUESTIONS? >> MAYOR JONES: YES. THANK YOU. >> SPEARS: THANK YOU VERY 
          MUCH. >> MAYOR JONES: COUNCILMEMBER CASTILLO. >> CASTILLO: THANK YOU, MOIR. 
          THANK YOU, ERIC FOR THE PRESENTATION, AS WELL AS TO THE MEMBERS OF THE PUBLIC WHO GAVE THEIR COMMENTS TODAY. 
          CONSISTENT WITH MY COMMENTS THAT I MADE THROUGHOUT THIS CNVERSATION AS WELL, RUNNING PARALLEL TO THE DISCUSSIONS AND COMMENTS AND POSITION I'VE HAD IN TERMS OF PUBLICLY SUBSIDIZED STADIUMS, THERE'S A WEALTH OF CASE STUDIES THAT DEMONSTRATE THAT OFTENTIMES, THE PUBLIC WHO INVESTS IN THESE LARGE PROJECTS, ARENAS, WHETHER IT'S BASEBALL, SOCCER, OR BASKETBALL, OFTEN DO NOT EVER SEE THE RETURN IN TERMS OF THE AMOUNT OF PUBLIC DOLLARS THAT THEY'VE PUT INTO THAT PROJECT. 
          [03:30:05]
IMPORTANT. DO WE MOVE FORWARD WITH BUSINESS AS USUAL, OR DO WE CONTINUE TO EVALUATE THIS PROPOSAL TO SEE HOW OUR PUBLIC TAXPAYERS CAN GET THE BIGGEST RETURN ON THEIR INVESTMENT. AND I BELIEVE IT'S A MISSTEP TO NOT CONTINUE TO EVALUATE HOW WE CAN NEGOTIATE A BETTER DEAL. FOR EXAMPLE, WHAT IT LOOKS LIKE IS THERE'S OPPORTUNITY TO EVALUATE HOW THOSE TIRZ CAN FUND PUBLIC SAFETY. THERE'S EXAMPLES IN THE TIRZ HOW IT HAS FUNDED SOME OF THOSE KEY INFRASTRUCTURE PROJECTS. AND IF THERE'S OPPORTUNITY FOR US TO EVALUATE IT, I BELIEVE WE SHOULD. 
          FURTHER, THINKING ABOUT THE NEGOTIATION WITH THE MISSION STADIUM, THERE WAS AN OPPORTUNITY TO ADD A $1 OR $2 FEE TO THE GENERAL FUND FOR PUBLIC SAFETY. IT'S A MISSED OPPORTUNITY TO NOT EVALUATE IS THAT FEASIBLE WITHIN THIS CONVERSATION AS WELL. SO I THINK THERE'S OPPORTUNITY. AND IT WOULD BE A DISSERVICE FOR US NOT TO GO BACK AND EVALUATE HOW WE CAN CONTINUE TO FUND THE CITY'S GENERAL FUND. WE'RE NAVIGATING A BUDGET DEFICIT AND WE NEED TO THINK LONG-TERM ON HOW WE'RE GOING TO SUPPORT THESE BASIC INFRASTRUCTURE NEEDS AND CRITICAL INFRASTRUCTURE NEEDS LIKE DRAINAGE AND FLOOD CONTROL IN SAN ANTONIO. BUT AS I'VE HAD CONVERSATIONS WITH MY COLLEAGUES AROUND THE COMMUNITY BENEFITS AGREEMENT, IN 2023 MY TEAM DRAFTED A CCR ON HOW WE CAN CODIFY COMMUNITY BENEFITS AGREEMENT POLICY. 
          AND IT'S SOMETHING THAT WE KNOW IS THE ONLY VEHICLE FOR THE PUBLIC, LEGALLY BINDING, TO SEE A RETURN ON THAT WHAT PROJECT AND INVESTMENT LOOKS LIKE. I WANT TO THANK BRIAN AT PROSPER WEST, WORKING WITH SAGE TO ADVOCATE ON HOW WE CAN ENSURE THAT THE PUBLIC RECEIVES THE BEST BENEFIT. AND I ECHO THE SENTIMENTS OF MY COLLEAGUES IN WHICH WE SHOULD RECEIVE THE ABLE CITY DATA BEFORE SHAPING AND FORMING WHAT A CBA CAN LOOK LIKE. ULTIMATELY IT SHOULD BE DRIVEN BY THE COMMUNITY TO LAY OUT THEIR EXPECTATIONS ON WHAT THEY'D LIKE TO SEE IN RETURN. WE HAVE A WHOLE BUNCH OF IDEAS, BUT IT SHOULD REFLECT WHAT COMMUNITY HAS ASKED FOR. AND WITH THE DISTRICT 5 COMMUNITY MEETING, WE HEARD A NUMBER OF REQUESTS. ONE, THERE'SP THERE'S FOLKS WHOT WANT TO SEE THIS PROJECT MOVE FORWARD. 
          THOSE WHO DO, THEIR EXPECTATION IS THERE'S A CBA THAT PRIORITIZES AFFORDABLE HOUSING AND WHAT THAT COULD LOOK LIKE IS SIMILAR TO THE DISBURSEMENT OF THE HOUSING BOND DOLLARS AND/OR WORKING WITH THE HOUSING TRUST TO DISBURSE THOSE DOLLARS. 
          TRANSPORTATION WAS ANOTHER PRIORITY FOR DISTRICT 5 RESIDENTS ON WHAT THEY WOULD LIKE TO SEE US ADDRESS. 
          THERE WAS A LOT OF QUESTIONS AND CONCERNS IN WHICH THE PROPOSED PROJECT INCLUDES PARKING LOTS. AND IF WE'RE INVESTING IN A GREEN AND SILVER LINE, IT CONTRADICTS THE CITY'S PLAN. AND I THINK THAT'S WHERE WE SEE THE OPPORTUNITY WITH WHAT THE SPURS ARE PROPOSING WITH COUPLING THE TICKET WITH A FARE TO GET TO THE STADIUM. HOWEVER, I THINK THERE'S OPPORTUNITY FOR US TO THINK BIGGER IN TERMS OF HOW CAN WE SUBSIDIZE FREE FARE FOR ALL FOLKS THROUGHOUT THE CITY OF SAN ANTONIO. AND ULTIMATELY ENSURE THAT WHETHER IT'S AN AFFORDABLE TICKET, FOLKS CAN GET TO AND FROM DOWNTOWN. FOLKS MENTIONED THAT WE NEED TO ENSURE THAT THIS DOESN'T JUST SERVE -- WHETHER IT'S TOURISTS OR FOLKS WHO CAN AFFORD TO GO TO SPURS GAMES. WE NEED TO KEEP IN MIND THE HOSPITALITY WORKERS WHO NEED TO FIND TRANSPORTATION TO GET DOWNTOWN. IF THERE'S OPPORTUNITY FOR THE SPURS TO CONSIDER ON HOW THEY CAN WORK, WHETHER IT'S WITH THE RESTAURANT ASSOCIATION OR UNITE HERE K WOULD BE VALUE. IN TERMS OF THE CBA, I BELIEVE LARGER CONVERSATIONS NEED TO BE HAD. AND TO INCLUDE A MORE ROBUST COALITION OF INDIVIDUALS TO LAY OUT WHAT THOSE EXPECTATIONS ARE. I DO BELIEVE THIS DISCUSSION DOES MERIT AN ENVIRONMENTAL AND RACIAL ANALYSIS. 
          SEVERAL FOLKS CITED THE WORLD'S FAIR AND HEMISFAIR PARK. HISTORICALLY, THAT WAS THE RESULT OF RAISING SEVERAL NEIGHBORHOODS THAT DISPLACED COMMUNITIES OF COLOR AND PLACED THEM IN UNDESIRABLE NEIGHBORHOODS THAT UNTIL THIS DAY STILL LACK BASIC INFRASTRUCTURE. THAT WOULDN'T BE A MODEL I'D LIKE TO REPLICATE. 
          IT'S TYPICALLY COMMUNITIES OF COLOR THAT GET DISPLACED AND GET THE SHORT END OF THE STICK. IN TERMS OF THE PRESENTATION THAT WE RECEIVED TODAY, UNDER THE CITY OF SAN ANTONIO'S CONTRIBUTION, IT HAS A PFZ AND TIRZ. 
          DO WE KNOW WHAT THE BREAKDOWN IS, WHAT THAT LOOKS LIKE? >> ON THAT SLIDE, SLIDE 5, WE GAVE EXAMPLES OF TWO SCENARIOS THAT WE DEVELOPED INTERNALLY WITH OUR OWN ASSUMPTIONS. JUST TO SHOW THE MECHANISM. AND THAT $350 MILLION, BASED ON 
          [03:35:05]
OUR ASSUMPTIONS, WHICH HAVE NOT BEEN SHARED OR GREED UPON WITH H ANYBODY ELSE EXCEPT BEN AND I, HOW THAT FITS. 
          AS WE CONTINUE, THAT'S THE INFORMATION THAT WE NEED TO SHOW AND TRANSLATE. WE DID IT IN PERCENTAGE TOTAL BY 
          DOLLAR AMOUNT AS WELL. >> CASTILLO: IN TERMS OF THE TERMS SHEET, I MAY HAVE MISSED IT. 
          BUT IN THE INSTANCE OF INFLATION, WHETHER IT'S A HOUSING PROJECT OR A STREET PROJECT, THE MORE WE DELAY, THE HIGHER THE COSTS GO UP. WHAT ASSURANCES ARE THERE THAT THE RATE WOULD CHANGE IF WE SEE THE COST INCREASE? 
          >> SOME OF THAT COULD POSSIBLY BE BORNE BY THE FINANCING CONDITIONS Y UNDER THE TERM SHE. IF YOU LIKE AT SLIDE 12. 
          AND ONE OF THE BROADER AREAS IS UNDER -- BOTH UNDER THE FINANCING ADDENDUM AND THE CITY FINANCING CONTINGENCY. 
          REALLY, UNDER THE CONTINGENCY. WHAT IT SAYS THERE IS THAT WE'RE MAKING CERTAIN ASSUMPTIONS AS WE DO THIS. 
          AND WE WOULD NEED TO CONFIRM THOSE METRICS AT THE TIME TO ENSURE THAT THE MODELED ASSUMPTIONS WORK. 
          IN OTHER WORDS, IF A DEBT ISSUANCE IS IN 2027 OR 2029 OR WHENEVER, WE'RE MAKING CERTAIN ASSUMPTIONS. 
          WE'RE GOING TO HAVE TO KICK THE FINANCIAL TIRES TO MAKE SURE THEY'RE STILL VALID BEFORE WE MOVE FORWARD. 
          >> CASTILLO: IN TERMS OF THE PROPOSED BONDS, ARE WE ACCOUNTING FOR THE INTEREST OF THOSE BONDS? 
          >> WALSH: ON THE REVENUE BONDS, IF WE DO A CONTRIBUTION WITH THOSE REVENUE SOURCES? YES, MA'AM. 
          >> CASTILLO: OKAY. AND THEN IN TERMS OF THE LEASE AGREEMENT, THERE ARE OTHER EXAMPLES. 
          FOR EXAMPLE, THE SACRAMENTO KINGS, THE LEASE AGREEMENT INCREASES TO GO TOWARDS THE CITY'S GENERAL FUND. 
          THAT'S SOMETHING -- THERE'S OPPORTUNITY TO LOOK AT HOW WE CAN INCREASE THAT LEASE AGREEMENT TO SUPPORT CITY SERVICES. SO, WOULD THERE BE OPPORTUNITY TO INCREASE THE LEASE AGREEMENT CONTRIBUTION TO THE CITY'S 
          GENERAL FUND? >> WALSH: I THINK WE WOULD NEED TO GET TO THE TABLE AND HAVE THOSE CONVERSATIONS WITH 
          THE SPURS. >> CASTILLO: MY EXPECTATION WOULD BE IN THAT INSTANCE THAT THOSE INCREASED LEASE AGREEMENT DOLLARS GO BACK TO THE CITY'S GENERAL FUND. I THINK THERE'S A NUMBER OF MOVING PIECES HERE, BUT HEARING THE CONSENSUS, I'M NOT COUNTING. BUT I'M THE SEVENTH PERSON TO SPEAK. THERE'S FOLKS THAT ARE EAGER TO MOVE THIS ALONG. THE EXPECTATION IS A ROBUST, LEGALLY BINDING COMMUNITY BENEFITS AGREEMENT. 
          BUT I THINK IT'S A HUGE DISSERVICE TO THE RESIDENTS OF SAN ANTONIO IF WE DON'T EVALUATE OTHER OPPORTUNITIES TO SEE HOW WE CAN SUPPORT THE CITY'S GENERAL FUND. YES, WE CAN WALK AND CHEW GUM AT THE SAME TIME, BUT THESE ARE BILLION-DOLLAR INVESTMENTS AND OUR RESIDENTS' EXPECTATION IS THAT THEIR POTHOLES GET FILLED. THE MAYOR DID A GREAT JOB HIGHLIGHTING THE DRAINAGE NEEDS THROUGHOUT EACH OF OUR DISTRICTS. WHEN WE LOOK AT SIDEWALK GAPS, FAILED STREETS, THAT COST EXCEEDS THE 500 MILLION THAT THE SPURS ARE CONTRIBUTING OR EXPECTING TO CONTRIBUTE TO A NEW STADIUM. SO, I THINK THERE'S OPPORTUNITY FOR THE SPURS TO CONTRIBUTE MORE IN TERMS OF THE COMMUNITY BENEFITS AGREEMENT, IN TERMS OF HOW MUCH YOU INTEND TO PROVIDE TOWARDS THE CONSTRUCTION OF A STADIUM. 
          AND I ALSO HAVE QUESTIONS IN TERMS OF THE ADDITIONAL 500 MILLION FOR THE DEVELOPMENT AROUND THE STADIUM. 
          HAVE THE PROJECTS ALREADY BEEN SELECTED IN WHICH THOSE $500 MILLION ARE GOING TO BE ALLOCATED TOWARDS? 
          >> NO. NO, MA'AM. WE HAVEN'T HAD THOSE CONVERSATIONS SPECIFICALLY. 
          WE NEED TO. >> CASTILLO: I THINK WE NEED MORE DETAILS WHERE THOSE DOLLARS ARE GOING TO GO. 
          FOR EXAMPLE, IF IT'S FOR THE CONSTRUCTION OF A NEW VENUE, WE NEED TO TALK ABOUT EXPECTATIONS OF LIVABLE WAGES CONSISTENT WITH THE CITY'S MINIMUM WAGE, ENSURING THE SPURS CONSULT WITH UNITE HERE. THERE'S JUST A LOT OF UNANSWERED QUESTIONS IN TERMS OF WHERE DOLLARS ARE GOING TO BE ALLOCATED FOR ME TO FEEL COMFORTABLE TO SAY LET'S MOVE FORWARD AS PRESENTED TODAY. I WILL HAVE A COUPLE QUESTIONS IN THE SECOND ROUND. THANK YOU, MAYOR. 
          >> MCKEE-RODRIGUEZ: THANK YOU, MAYOR. THANK YOU TO EVERYONE WHO CAME OUT TO SPEAK. 
          I ALWAYS APPRECIATE IT. I ALWAYS TAKE NOTES. ALMOST FOUR HOURS ON A FRIDAY AFTERNOON. 
          Y'ALL MADE TIME TO BE HERE. THANK YOU. I WANT TO ACKNOWLEDGE THE MAYOR FOR -- SO QUICKLY, ALMOST 
          [03:40:05]
INSTANTANEOUSLY AND WORKING TO MAKE THIS A MUCH MORE TRANSPARENT PROCESS AND ASKING THE SAME QUESTIONS THAT MANY OF US HAVE BEEN ASKING FOR WELL OVER A YEAR NOW. I'M GOING TO OFFER SOME OF MY PRELIMINARY THOUGHTS ABOUT WHAT WE'VE HEARD. I'LL STATE WHILE WE'VE HEARD FEEDBACK OVER THE PAST SEVERAL MONTHS ONION C -- ABOUT THE ARES IMPORTANT WE OFFER MORE SUBSTANTIVE DIRECTION AFTER RECEIVING THE FEEDBACK THAT WE RECEIVED AT OUR COMMUNITY ENGAGEMENT. I'D LIKE THE COMMUNITY TO BE AS ENGAGED AS POSSIBLE IN THE CRAFTING OF A CBA. 
          I'LL GIVE A BIT ABOUT COST. THE COST OF AN ARENA IS THE EQUIVALENT OF 23,841 SAN ANTONIO HOUSEHOLDS' INCOME FOR ONE YEAR. 
          20,000 HOUSEHOLDS COULD CONTRIBUTE THEIR ENTIRE SALARY FOR THE YEAR AND IT WOULDN'T COVER THE COST OF THIS ARENA. 
          THEN WE LOOK AT THE OWNERSHIP, THE TEAM, THEIR NETWORKS. THERE ARE BILLIONS AND BILLIONS OF DOLLARS SITTING WITHIN COUNTRY CLUBS, SITTING ON FLIGHTS TO AND FROM TOWNHOMES AND HOTELS AND ARENA SUITES. THE MONEY IS RIGHT THERE SITTING SHOULDER TO SHOULDER. I WOULD ASK WHAT ARE THOSE PERSONAL CONTRIBUTIONS AND INVESTMENTS, BECAUSE THERE WILL CERTAINLY BE PLENTY OF PERSONAL GAINS. FOR EXAMPLE, THE OWNER AND CO-FUNDER OF AIRBNB HAPPENS TO BE ONE OF THE OWNERS OF THE SPURS. HIS NET WORTH IS ESTIMATED AT ALMOST $9 BILLION. 
          IT WOULD TAKE ONE PERSON MAKING 260,000 YEARS TO MAKE THAT MUCH. THE AVERAGE SAN ANTONIAN LIVES 79 YEARS. 
          IT WOULD TAKE 3,000 LIFETIMES IF A PERSON WORKED FROM THE DAY THEY WERE BORN UNTIL THE DAY THEY DIED. 
          HOW MANY MORE PEOPLE -- ON THE TOPIC OF AIRBNB, HOW MANY MORE PEOPLE CHOOSE TO CONVERT HOUSING AROUND THIS DISTRICT INTO AIRBNBS AS A RESULT OF THIS DEVELOPMENT? THIS WILL NOT ONLY PUSH OUT MANY OF OUR RESIDENTS, REMOVE HOUSING FROM THE STOCK, IT WILL ALSO ENSURE A MULTIBILLIONAIRE BENEFITS FROM A HOUSING CRISIS THAT WE ARE PERPETUATING TIME AND TIME AGAIN. 
          WE LOOK AT PETER HOLT. WILL THE CONSTRUCTION REQUIRE THE USE OF ANY HOLT MACHINERY? WILL HE BE MAKING THAT PROFIT BACK? THERE'S MORE WHO HAVE BEEN NAMED BY SPEAKERS, SUCH AS MICHAEL, SIXTH STREET PARTNERS. 
          AT THE END OF THE DAY, THEY HAVE IT, WE DON'T. SOMETHING I ALSO CAN'T HELP BY NOTICE IS THROUGHOUT THIS PROCESS, MANY OF THE INDIVIDUALS SUCH AS REPRESENTATIVES OF CHAMBERS OF COMMERCE AND MEMBERS OF THE BUSINESS COMMUNITY AND DEVELOPMENT COMMUNITY, FOLK WHO HAVE LOOKED ME DEAD IN MY FACE AND TOLD ME TO FOCUS ON CITY ISSUES WHEN I'VE HAD THE AUDACITY TO PROPOSE POLICY, ESPECIALLY AS WE'VE WORKED AS A BODY TO IMPROVE WORKER PROTECTIONS OR AIM TO HOLD THOSE ACCOUNTABLE WHO ARE CAUSING HARMS WITHIN OUR COMMUNITY. THEY WILL STACK THE CHAMBERS FOR PUBLIC COMMENT AND ASSERT WE NEED TO FOCUS ON THE BASIC NEEDS OF OUR RESIDENTS. CENY'ALL HAVE TOLD US TO FOCUS N CITY ISSUES AND NOW AS WE NAVIGATE A BUDGET DEFICIT OVER THE NEXT FEW YEARS, GUARANTEED A BILLION-DOLLAR DEFICIT WITHIN THE NEXT DECADE, WE HAVE TO MAKE THAT UP NOW OR WE RISK CONTINUED UNDER-INVESTMENT IN INFRASTRUCTURE, PUBLIC SAFETY, LIBRARIES, PARKS, METRO HEALTH, ALL OF IT. SUDDENLY THERE IS ENOUGH SPACE FOR US TO PRIORITIZE A MULTIBILLION DOLLAR DEAL WITH THE PRIVATE SECTOR IN THE CONTEXT OF A SPORTS DISTRICT. SUDDENLY OUR PROBLEMS WILL BE SOLVED BECAUSE THERE WILL BE ECONOMIC DEVELOPMENT. PEOPLE WILL WANT TO VISIT SAN ANTONIO. THEY WILL WANT TO TRAVEL DOWNTOWN, PAY $100 FOR PARKING AND HAVE DINNER FOR NO LESS THAN $300. IN PREMISE NEGLECTS THAT SAN ANTONIO CAN BE A BEAUTIFUL PLACE TO VISIT OR ATTEND CONFERENCES AT BUT IT WILL BE IMPOSSIBLE FOR EXISTING RESIDENTS TO CONTINUE TO LIVE IN AND TO EXPERIENCE. SO WE'RE THINKING ABOUT ALL OF THIS BACKWARDS. IN THE EVENT THAT WE DO CONSIDER AND APPROVE AN AGREEMENT, WE NEED I THINK AB -- TO THINK ABOT HOW WE USE IT DEAL TO ADDRESS POVERTY, TO PROGRESS OUR AFFORDABLE HOUSING GOALS, HOW WE ENSURE THAT WE ARE GETTING OUR MONEY BACK IN THE FORM OF INVESTMENT IN HUMANS, THE PEOPLE WHO LIVE AND MAKE SAN ANTONIO WHAT IT IS. ALL THAT TO SAY I APPRECIATE THE SPURS SHARING A STARTING POINT. 
          IF I WERE CASTING A VOTE ON WHAT THEY'VE SHARED TODAY, I'D VOTE NO. IT'S NOT ENOUGH. 
          AND THE DIRECTION I'D GIVE TO ERIC IS WE NEED TO HOLD THE LINE ON THAT EXPECTATION, INCLUDING OPPORTUNITIES FOR REVENUE TO COME INTO OUR GENERAL FUND OR INTO OTHER DESIGNATED FUNDS. I HAVE GENERAL THOUGHTS ON TERMS. STARTING, IF WE DO THIS, THERE SHOULD BE NO MORE GAMES IN AUSTIN. I DON'T W WANT THE SPURS EXPLORG OTHER CITIES. Y'ALL NEED TO SPEND 24/7 IN THESE FACILITIES, INCLUDING THE ROCK IN DISTRICT 8. 
          I NEED TO PUT REVENUE-SHARING AND NAMING RIGHTS BACK ON THE TABLE, INCLUDING TICKET FEES AS WAS MENTIONED BY COUNCILMEMBER CASTILLO THAT CAN BE DIRECTED BACK TO ADDRESSING OUR COMMUNITY NEEDS. I DON'T ACCEPT THAT THESE ARE 
          [03:45:02]
NONNEGOTIABLES WHEN WE'RE BEING ASKED FOR UP TO $500 MILLION. I ALSO NEED AN INVESTMENT FROM THE SPURS INTO DEVELOPMENT ON THE EAST SIDE. THE SPURS HAVE COMMUNICATED TO MY COMMUNITY ON THE EAST SIDE THEY'RE WILLING TO PUT HUNDREDS OF MILLIONS OF DOLLARS INTO A CAMPUS ON THE NORTHWEST SIDE. YOU'VE COMMUNICATED YOU'RE WILLING TO PUT HUNDREDS OF MILLIONS OF DOLLARS INTO A NEW ARENA DOWNTOWN. YOU COULD HAVE PUT THOSE SAME DOLLARS INTO THE ARENA IN THE SURROUNDING AREA ON THE EAST SIDE AND MAYBE IT WOULD BE AN ARENA COMPETITIVE WITH THOSE ACROSS THE NATION. 
          AND MAYBE THE PROMISES OF ECONOMIC DEVELOPMENT WOULD HAVE BEEN MET. 
          >> MCKEE-RODRIGUEZ: I ALSO WANT THIS -- GOING BACK TO SOME OF THE MORE NARROW FOCUS, I WANT THIS ARENA TO BE BUILT AND POWERED. WE NEED TO SET NEW STANDARDS FOR HOW WE POWER OUR FACILITIES, ESPECIALLY THESE HUGE USERS OF ENERGY. THAT INCLUDES SOLAR, EV CHARGING, WATER RECAPTURE. WE ARE IN A CLIMATE CRISIS. 
          EVERY INVESTMENT NEEDS TO CENTER THAT. I NEED TO KNOW HOW ARE WE GOING TO HOLD THE SPURS ACCOUNTABLE FOR UPGRADES. I SEE THEY'RE GOING TO BE RESPONSIBLE FOR MAINTENANCE AND OPERATION. 
          THE COUNTY PUT TENS OF MILLIONS OF DOLLARS INTO THE CENTER AND THAT'S NOT A COMMITMENT WE NEED TO PUT OURSELVES, FUTURE COUNCILS, OR CONSTITUENTS ON THE LINE FOR. I ALSO NEED TO KNOW ANY DEVELOPMENT THAT INVOLVES HOUSING AS IT RELATES TO PROJECT MARVEL IS AFFORDABLE AND INCLUDES DEEPLY AFFORDABLE HOUSING FOR THOSE MAKING 30% AMI AND BELOW. ARENAS NATIONWIDE THAT HAVE BEEN DEVELOPED HAVE LED TO INCREASED PROPERTY TAXES. 
          IN SOME CASES, DOUBLING OVER A SHORT PERIOD OF TIME. AND YOU'VE SEEN BLACK AND BROWN RESIDENTS PRICED OUT OR OTHERWISE DISPLACED AS A RESULT. TO THAT END, I WOULD EXPECT THE SPURS TO CONTRIBUTE MEANINGFULLY TO FUND AFFORDABLE HOUSING, POTENTIALLY TO INCLUDE PRESERVATION OF NEW CONSTRUCTION, MAJOR AND MINOR HOME REHAB. 
          I WOULD EXPECT NO LESS THAN 50% OF JOBS, CONSTRUCTION OR OPERATING BE RESERVED FOR SAN ANTONIO RESIDENTS. 
          I'D EXPECT THE SPURS TO CONTRIBUTE TO OUR EDUCATION LANDSCAPE, WHETHER THAT'S INVESTMENT IN EARLY CHILDHOOD EDUCATION, OR A RECURRING SCHOLARSHIP FOR BUSINESS, TRADES, ANY OF THAT. I WOULD SUGGEST A MINIMUM OF 1.5% OF THE ARENA BUDGET BE ALLOCATED FOR LOCAL ART. AND THIS ONE WE HAVEN'T TALKED TOO MUCH ON, BUT WE NEED TO THINK ABOUT SIDEWALKS. IT IS ALWAYS A PRIORITY OF OUR CONSTITUENTS, BUT IT'S NEVER A PRIORITY INVESTMENT THAT WE MAKE BECAUSE WE DON'T HAVE A RELIABLE MECHANISM TO FULLY INVEST IN SIDEWALKS CITYWIDE. WE HAVE TO INFORM OUR RESIDENTS THAT MAINTENANCE OF SIDEWALKS IS THEIR RESPONSIBILITY. HOW DO WE USE THIS AGREEMENT AS AN OPPORTUNITY TO MEANINGFULLY ADDRESS THAT. I'D RECOMMEND A BOARD COMPOSED OF RESIDENTS, LABOR REPS, YOUTH, AND COMMUNITY LEADERS TO MONITOR CBA COMPLIANCE, AS WELL AS SOME CLAW-BACK PROVISIONS IF AND WHEN THOSE TERMS AREN'T MET. THESE ARE SOME OF THE MINIMUMS ON TOP OF THE DATA WE'VE BEEN COLLECTING AND ALREADY HAVE ABOUT WHAT OUR COMMUNITY'S PRIORITIES ARE. 
          IT'S NOT A STRETCH TO SAY THAT AFFORDABLE HOUSING AND OUR HOUSING AND HOMELESSNESS CRISIS ARE PRIORITIES OF OUR CONSTITUENTS. IN THE CONTEXT OF THIS ARENA THERE WILL BE ADDITIONAL PRIORITIES THAT WE MAY NOT USUALLY COLLECT DATA FOR IN OUR BUDGET. I WANT TO REITERATE IT'S IMPORTANT THAT BEFORE WE BEGIN SUBSTANTIVE NEGOTIATIONS, THAT WE COLLECT THAT FEEDBACK. LASTLY, I WANT TO -- AMOUNT, IF NOT MORE. 
          ALL OF THAT IS JUST AS IF NOT MORE EXPENSIVE IN ANOTHER MARKET AS HERE. I'D BE WILLING TO BET THEY'D HAVE BETTER LUCK WORKING OUT A BETTER DEAL HERE. TO THAT END, ERIC, MY DIRECTION IS IT DOESN'T MATTER WHAT STRUCTURE THE DEAL TAKES, AS LONG AS A FLOUR PLURALITY OF THE INVESTMENT IS IN OUR RESIDENTS' NEEDS. 
          THANK YOU. >> MAYOR JONES: COUNCILMEMBER MUNGIA. >> MUNGIA: THANK YOU. 
          I'M LOOKING AT THE MAY 2025 TERM SHEET. AND IT SAYS HERE -- 
          [03:50:03]
          DISCUSS THE MAY 2025? >> I WOULD RECOMMEND NOT TALKING ABOUT SPECIFICS, BUT GENERALLY ABOUT WHAT'S IN THE TERM SHEET 
          THAT WE'RE LOOKING AT IF WE CONTINUE. >> MUNGIA: GOTCHA. OKAY. 
          WE'RE GOING TO GO WITH WHAT THE PRESENTATION WAS. SO, WHAT CURRENT REVENUE DO -- ARE WE EXPECTING FROM THE SPURS 
          FOR THIS AGREEMENT, WHETHER THAT'S RENT, LEASE, ANYTHING LIKE THAT? >> SO, COUNCILMAN, WE WOULD NEED TO CONTINUE NEGOTIATIONS WITH THEM. GENERALLY SPEAKING, IN THE STRUCTURE I SHOWED, WE'RE FOCUSED ON THE FINANCING STRUCTURE ON A LEASE, LEASE FROM THE DEVELOPER, THE PRIVATE DEVELOPMENT, GROUND LEASE. 
          AND THEN A TAXABLE VALUE GUARANTEE OF THE DEVELOPMENT. THOSE ARE THE THREE THAT WE'RE FOCUSED ON, PRIMARILY AS THE 
          FUNDING OF A CONTRIBUTION BACK FROM THE CITY INTO THE ARENA. >> MUNGIA: AND SO IN SOME I CASES, PLEASE STOP ME IF I'M 
          GOING TOO FAR, BUT WOULD WE BE THE LANDLORD IN THAT SITUATION, THE CITY IN OF SAN ANTONIO? >> THERE WOULD BE AN ENTITY THAT WOULD OWN THAT FACILITY. ONE OF THE OTHER COUNCILMEMBERS MENTIONED OUR POSITION WOULD BE THE SPURS WOULD BE REQUIRED TO 
          OPERATE AND MAINTAIN IT. >> MUNGIA: SO IF THE LIGHTS WENT, THEY WANTED TO REPLACE CHAIRS, THE HVAC SYSTEM WENT 
          OUT, THE SPURS WOULD HAVE TO PAY FOR THAT FOR THE ENTIRETY OF THE TERM SHEET. >> YES, SIR. 
          >> MUNGIA: WE GO TO THE HEMISFAIR, WHICH HAS BEEN WIDELY DISCUSSED. WHAT IS THE CURRENT BALANCE OF 
          FUNDS IN THAT TIRZ? >> WALSH: DO YOU KNOW THAT, BEN? >> I DON'T KNOW THE BALANCE OF THE FUND, BUT I CAN TELL YOU LAST YEAR'S INCREMENT WAS $65,00$65,000 -- $650,000, BOTH GENERAL FUND AND DEBT SERVICE. 
          >> MUNGIA: THAT'S WHAT WE'RE THINKING OF USING IN PARTIAL OF THE CITY CONTRIBUTION TO THE PROJECT. 
          >> THAT'S WITHIN THE TIRZ TODAY. WHAT THIS DEAL CONTEMPLATES IS THAT THE SPURS WILL BE REQUIRED TO BRING A DEVELOPER. 
          THEY WILL HAVE TO GUARANTEE A LEVEL OF DEVELOPMENT -- >> BEN, COUNCILMEMBER, WOULD YOU LIKE ME TO PAUSE YOUR TIME WHILE 
          HE ANSWERS? >> MUNGIA: SURE. THANK YOU. >> COUNCILMAN, THAT DEVELOPER AND/OR THE SPURS WOULD GUARANTEE NEW DEVELOPMENT GOING IN. IT'S ABOUT A HALF A BILLION DOLLARS IS PROJECTED, ABOUT THE SAME TIME THE ARENA WOULD GO INTO PLACE. THERE WOULD A SUBSEQUENT PHASE BEHIND THAT. 
          TOTAL VALUE IS ABOUT A BILLION DOLLARS. SO WE'RE USING THAT GUARANTEE AS ERIC MENTIONED ON NOT THE DEVELOPMENT COMMITMENT. THAT'S PART OF IT. WE WANT A GUARANTEE ON THE LEVEL OF PROPERTY TAX REVENUE TO COME OFF OF THAT DEVELOPMENT. THAT'S WHAT THE GUARANTEE IS ON. WE USE THAT AS PART OF THE FINANCING TO ISSUE THE BOARD. 
          >> MUNGIA: AND THE BOARD IS ABLE TO EXPEND THAT FUND. >> AS PART OF THE FINANCING, WE WOULD HAVE AGREEMENTS IN PLACE, A FUNDING AGREEMENT THAT WOULD ALLOW US TO CAPTURE THAT AND USE IT TOWARD THE BOND FINANCING. IT WOULD GO TOWARDS THE 
          REPAYMENT OF THE BONDS. >> MUNGIA: WHAT WOULD WE BE LEFT WITH IN THE GENERAL FUND OF THAT TIRZ, DO YOU ANTICIPATE? 
          >> THE GENERAL FUND . . . >> MUNGIA: ARE WE USING ALL THE REVENUE TO PAY OFF THE DEBT? >> THE PROJECTIONS THAT WE ARE WORKING WITH ASSUME THAT ALL OF THAT INCREMENT IS PUT TOWARDS THE REPAYMENT OF THE DEBT. IT STAYS INSIDE OF THE TIRZ. 
          >> MUNGIA: OKAY. SO THE ABILITY TO USE THAT TIRZ FUND FOR OTHER DEVELOPMENTS IN THAT AREA, LIKE IF WE WANTED PARK, TREES, PUBLIC SAFETY FACILITY, IS THAT -- DO WE ANTICIPATE US BEING ABLE TO USE FUNDS FOR THOSE THINGS? 
          >> YOU CAN ALWAYS CONTINUE TO LOOK AT THAT AS THE TIRZ CONTINUES TO GROW AND MATURE. WE'RE TRYING TO MAKE CONSERVATIVE ASSUMPTIONS UP FRONT ABOUT WHAT WE'RE DOING WITH THIS BOND ISSUE. BUT ONCE -- IF THIS MOVES FORWARD, IT ATTRACTS MORE DEVELOPMENT. AS THAT GROWS, HOPEFULLY THAT'S EXCEEDING OUR PROJECTIONS. 
          THEN THERE'S A CONVERSATION ABOUT WHAT YOU DO WITH THAT. >> MUNGIA: AND THE EXTRA 500 MILLION THE SPURS ARE TALKING ABOUT GUARANTEEING IN DEVELOPMENT, IS THAT GOING TO BE WHOLLY WITHIN THE BOUNDARY OF THAT TIRZ? 
          >> YES. I BELIEVE WHAT THAT LETTER IS REFERENCING IS THAT FIRST PHASE OF PRIVATE DEVELOPMENT THAT WOULD GO AROUND THE ARENA ITSELF. SOME OF THAT WOULD GO ON THE PROPERTY WE'D ACQUIRE FROM THE 
          [03:55:03]
          GENERAL SERVICES ADMINISTRATION. >> MUNGIA: OKAY. AND WHO'S CURRENTLY ON THAT BOARD OF THAT HEMISFAIR TIRZ? 
          >> THAT I DON'T RECALL OFF THE TOP OF MY HEAD. >> MUNGIA: OKAY. YOU CAN GET BACK TO US. 
          MAYBE IT WOULD BE BENEFICIAL TO HAVE MORE DETAIL ABOUT THAT, JUST SO WE'RE CLEAR. I DON'T WANT OTHER COUNCILMEMBERS, INCLUDING MYSELF, TO THINK THAT'S GOING TO BE A LOT OF EXTRA FUNDS THAT WE WOULD BE ABLE TO REINVEST IN 
          THAT AREA ON SOME OF THE THINGS THAT WE'RE TALKING ABOUT. >> OKAY. WE CAN PUT A SUMMARY OF 
          INFORMATION TOGETHER AND SEND IT TO YOU ALL. >> MUNGIA: THANK YOU VERY MUCH. 
          WHEN IT COMES TO THE CBA, AND THE CBA CCR THAT NEVER WAS, THAT COULD HAVE PROBABLY PREVENTED A LOT OF DISCUSSIONS THAT WE'RE HAVING NOW. IT COULD HAVE CODIFIED A PUBLIC INPUT PROCESS AND A GOVERNING ENTITY THAT WOULD ENSURE THAT THAT HAPPENED. REALLY QUICK, WAS THERE A CBA THAT WE DID WHEN WE FINANCED THE ALAMO DOME? 
          >> I DON'T THINK SO, COUNCILMAN. WE'D DOUBLE CHECK, BUT ALMOST POSITIVE THERE WASN'T. >> MUNGIA: DO WE KNOW IF THERE 
          WAS A CBA DONE BY THE COUNTY WHEN THEY DID THE FROST CENTER? >> I DO NOT KNOW. >> THERE WAS NOT ONE. 
          THOSE ARE SOME THINGS THAT ARE REALLY IMPORTANT TO NOTE. AND I HAD TALKED TO MY COLLEAGUE IN DISTRICT 8 AND I THINK COUNCILMEMBER CASTILLO MENTIONED THAT WHATEVER CBA AGREEMENT WE COME TO, WHATEVER NUMBER THAT IS, WE HAVE TO HAVE A SEPARATE ENTITY THAT'S FROM THE PUBLIC TO HELP GOVERN AND SPEND THAT REINVESTMENT DOLLARS IN THE COMMUNITY. 
          SO HOPEFULLY -- PUBLIC INPUT FROM ABLE CITY THAT WENT AROUND THE CITY OF SAN ANTONIO. WHETHER THAT'S HOUSING, TRANSPORTATION, EDUCATION, WHATEVER THOSE PILLARS ARE, WE NEED FOLKS IN THE COMMUNITY WHO ARE PROFESSIONALS IN THOSE TO HELP US INVEST THOSE DOLLARS. WE COULD COME UP WITH ALL SORTS OF PET PROJECTS UP HERE, BUT I THINK IT NEEDS TO BE OUTSIDE. 
          MAYBE IT'S ALSO SOMETHING THAT WE FINALIZE LIKE A TIRZ BOARD, THEY PASS SOMETHING, IT COMES TO US FOR FINAL APPROVAL. 
          THAT'S A STRUCTURE WE NEED TO LOOK AT ON OUR SIDE OF IT. AS FAR AS THE CURRENT STRUCTURE OF THE TERM SHEET, WE HAVE TO TRY TO GET AS MUCH AS REVENUE AS POSSIBLE WITHOUT SQUEEZING FOLKS FOR EVERY DIME. WHAT OTHER CITIES DO, WHETHER THAT'S LEASE AGREEMENTS, MARKETING, SOME OTHER CITIES HAVE GOTTEN A CUT OF THAT. WHETHER THAT'S EVEN TVSA HAVING A SPOT IN THERE ALSO FOR FREE WITHOUT HAVING TO PAY FOR MARKETING. SO I THINK THOSE ARE THINGS WE HAVE TO LOOK AT IN DEVELOPMENT OF THIS. SO I THINK WE SHOULD CONTINUE WITH THAT AND ADD THOSE AS 
          CONSIDERATIONS. THANK YOU. >> MAYOR JONES: OKAY. LET'S SEE. 
          WE CAN GO BACK FOR A SECOND ROUND. COUNCILMEMBER KAUR. LET ME ACTUALLY ADDRESS THE POINT THAT YOU MADE. BEN IS GOING TO PROVIDE ADDITIONAL INFORMATION, BUT THE POINT I RAISED EARLIER WAS TO YOUR POINT. NOT ALL OF THAT MONEY GENERATED FROM THE TIRZ HAS TO GO -- IT CAN GO TO THINGS IN THE GENERAL FUND. SO FOR EXAMPLE, WE SAID IN THIS TIRZ, 75% IS GOING TO FINANCE THAT ARENA. 
          AND 25% GH GOES INTO THE GENERAL FUND. THERE ARE NO HARD AND FAST RULES. 
          WE HAVE AN OPPORTUNITY TO BE FLEXIBLE IN LIGHT OF THE FINANCIAL NEEDS. COUNCILMEMBER KAUR. 
          >> KAUR: THANKS, MAYOR. I DON'T THINK I WAS DIRECT ON YOUR QUESTION. I'M A LITTLE BIT CONFUSED. 
          THE TERMS SHEET IS JUST A STARTING POINT. WE'RE NOT AT FINAL -- THAT'S NOT OUR FINAL TERM SHEET, RIGHT, 
          ERIC? >> WALSH: NO, MA'AM. THAT WAS JUST -- THERE WAS THREE SLIDES OF THE MAJOR CATEGORIES. 
          WE NEED TO SIT DOWN WITH THE SPURS AND NEGOTIATE THOSE TERMS AND SHARE THOSE DOCUMENTS. >> KA 
          >> WE'RE ASKING YOU TO CONTINUE NEGOTIATIONS WITH ALTERATIONS? I WANT TO KNOW EXACTLY TO MAKE SURE I'M SEEING WHAT ADVICE I 
          NEED TO GIVE. >> MAYOR JONES: ON THE SLIDE IT SAYS WOULD YOU LIKE TO MOVE FORWARD WITH THE PROPOSED STRUCTURE, I.E. PREVIOUSLY THE CHARGE FROM THIS BODY, PREVIOUS ADMINISTRATION, WAS JUST FOCUS ON FINANCING THE ARENA. 
          WE HAVE AN OPPORTUNITY TO SAY FOCUS ON THE ARENA AND HELP US UNDERSTAND IF THROUGH REVENUE STREAMS WE MIGHT BE ABLE TO HAVE MORE MONEY COME INTO THE GENERAL FUND. SO IN ONE PIECE IT'S JUST HOW DO WE HELP PAY FOR THIS. 
          THE OTHER APPROACH I ASKED YOU TO CONSIDER IS HOW CAN WE HELP THEM PAY FOR IT AND THINK ABOUT HAVING MORE MONEY COME INTO OUR 
          GENERAL FUND. >> KAUR: EXAMPLES OF ADDING A HOUSING BOND TO OUR -- TO THE BOND ISSUANCE THAT WE PUT OUT, THAT WOULD BE AN EXAMPLE OF TRYING TO PAY FOR THINGS THAT WE NEED. IS THAT . . .? 
          [04:00:05]
          >> WALSH: NO. WHAT THE MAYOR IS TALKING ABOUT IS, IS THERE AN OPPORTUNITY TO CONTINUE TO DEVELOP A FINANCING 
          STRUCTURE, BUT ALSO ADD AN ELEMENT OF RETURN TO THE CITY. >> KAUR: SO IN ADDITION TO A TICKET PRICE, THAT WOULD BE 
          SOMETHING THAT -- >> MAYOR JONES: CORRECT. YEAH. SO, PLEASE STOP FOR TIME. 
          AM I EATING INTO IT? >> KAUR: NO, IT'S OKAY. >> MAYOR JONES: THE MEMO I SHARED WITH YOU, I SAID HERE ARE THE QUESTIONS THAT ARE OUTSTANDING, IS WHAT ARE THE GROSS NUMBERS FOR THE LAST TWO SEASONS, VALUE OF SPURS, NON-SPURS TICKET SALES, MERCHANDISE SALES, CONCESSIONS, PARKING. WHAT'S THE VALUE OVER THE LAST TEN YEARS, NAMING RIGHTS, BROADCAST RIGHTS, ALL OF THAT WAS TO UNDERSTAND IF WE WANTED TO, HOW COULD SOME OF -- A CUT FROM THOSE -- NOT JUST A DOLLAR ON A TICKET, 1%. THERE ARE WAYS IN WHICH WE MIGHT BE ABLE TO REALLY HELP OURSELVES WITH THE BUDGET GAP THAT WE'VE GOT. MAY WE ASK AND THINK ABOUT HOW CUTS FROM THOSE THINGS, WHERE THERE IS SOME FLEXIBILITY ON THE SPURS SIDE, HOW CAN WE USE A REVENUE-SHARING AGREEMENT AS PART OF THOSE TO CONTRIBUTE 
          DIRECTLY TO THE GENERAL FUND. >> KAUR: OKAY. I DON'T KNOW WHAT THOSE NUMBERS ARE OR WHAT THAT LOOKS LIKE. 
          I GUESS MY DIRECTION THEN IS TO CONTINUE WITH NEGOTIATIONS AND DO OUR BEST. FIGURE OUT CREATIVE WAYS. 
          I'M SUPPORTIVE OF CREATIVE WAYS. IF WE CAN FIGURE OUT A DOLLAR EXTRA A TICKET TO FUND A SIDEWALK FOR EVERY STREET, THAT WOULD BE A GREAT -- I DON'T KNOW THAT THAT HAS -- I WOULD CONTINUE WITH NEGOTIATIONS, THINKING CREATIVELY. 
          THANKS, MAYOR. >> MAYOR JONES: THANK YOU, COUNCILMEMBER. NOBODY UP HERE KNOWS THOSE BECAUSE WE HAVE ASKED AND WE HAVE NOT RECEIVED THAT INFORMATION. BUT I THINK IT'S IMPORTANT WHEN WE THINK ABOUT -- LET ME RESERVE MY TIME. I'LL COME BACK AT THE END. WHO'S NEXT? 
          >> KAUR: SORRY. ADD ON, I BELIEVE THAT WE NEED TO CONTINUE TO COLLABORATE. WHATEVER -- IN A COLLABORATIVE MANNER, IF WE CAN'T -- I DON'T NECESSARILY KNOW WE NEED TO ASK THE PRIVATE ENTITY TO OPEN ALL OF THEIR BOOKS TO US. 
          BUT IF WE CAN COME UP WITH A COLLABORATIVE SOLUTION THAT WE CAN ALL AGREE UPON AT THE NEGOTIATION TABLE, IN A 
          COLLABORATIVE MANNER, I WOULD SUPPORT THAT. THANKS, MAYOR. >> MAYOR JONES: COUNCILMEMBER 
          CASTILLO, PLEASE. >> CASTILLO: THANK YOU, MAYOR. I WANT TO COMMEND THE MAYOR FOR REQUESTING THE DETAILED FINANCIAL INFORMATION. WHEN I THINK ABOUT OUR RESIDENTS WHO APPLY FOR UNDER ONE ROOF OR MINOR REHAB, THEY'RE REQUIRED TO PROVIDE THEIR BANK STATEMENTS. WE'RE HERE TALKING ABOUT A MULTIBILLION-DOLLAR PROJECT AND WE'RE ASKED TO GIVE DIRECTION WITHOUT HAVING THE FULL SCOPE AND UNDERSTANDING OF THE FINANCIAL STANDING OF THE ORGANIZATION. 
          AND I THINK THAT'S A DISSERVICE TO SAN ANTONIO RESIDENTS. 
          US MOVING FORWARD WITH THIS WITHOUT DETAILED INFORMATION IS CONCERNING. BUT THE QUESTION THAT I DO HAVE IN TERMS OF THE -- IF WE CAN'T GET INTO SPECIFICS BASED OFF THE AGREEMENT, MY QUESTION IS, THAT RENT -- PAYMENT, WILL IT GO TO THE CITY'S GENERAL FUND, BE USED TO PAY DOWN DEBT, OR BE USED TO FUND ADDITIONAL BELLS AND WHISTLES AA AROUND THE SPORTS 
          DISTRICT? >> COUNCILWOMAN, UNDER THE STRUCTURE, IT'S PART OF THE BOND FINANCING. 
          SO IT WOULD BE USED TO PAY DOWN DEBT. >> CASTILLO: OKAY. AND THEN THE QUESTION THAT I ASKED EARLIER BUT I DON'T THINK I RECEIVED AN ANSWER. LET ME RESTATE MY QUESTION. IN TERMS OF THE $500 MILLION 
          PROPOSED CONTRIBUTION IN THE CITY OF SAN ANTONIO, DOES THAT INCLUDE INTEREST FOR BONDS? >> THE $500 MILLION, MAKE SURE I'M CAPTURING YOUR QUESTION. IF I'M NOT ANSWERING IT RIGHT. THE $500 MILLION, ASSUMING THAT WOULD BE THE NUMBER, WOULD BE THE PROCEEDS THAT WE WOULD CONTRIBUTE TO THE CONSTRUCTION FUND. THAT'S THE AMOUNT WE WOULD BORROW THAT THEY WOULD USE TO BUILD THE ARENA. WE'VE GOT TO PAY THAT PRINCIPAL BACK PLUS INTEREST. 
          THAT STRUCTURE TAKES ALL OF THAT INTO ACCOUNT. DOES THAT HELP? >> CASTILLO: OKAY. 
          SO, I GUESS, LET ME RESTATE MY QUESTION AND MAYBE IT IS THE SAME ANSWER. IN TERMS OF THE BONDS THAT WILL BE TAKEN OUT TO SUPPORT THIS PROJECT AND THE $500 MILLION EARMARK AS THE CITY'S CONTRIBUTION, DOES THAT 
          INCLUDE -- OR TAKING INTO ACCOUNT INTEREST FOR THOSE BONDS? >> LET'S ASSUME WE'RE MAKING A $500 MILLION CONTRIBUTION TO THE ARENA. WE'RE GOING TO BORROW $500 MILLION. 
          WE'RE GOING TO HAVE TO PAY THAT PLUS INTEREST BACK. OUR STRUCTURE TAKES INTO ACCOUNT PAYING BOTH OF THOSE BACK. 
          >> CASTILLO: AND THEN IN TERMS OF THE TERM SHEET IT MENTIONED THE RESERVES IN CERTAIN SECTIONS. 
          [04:05:03]
IS THAT THE CITY'S RESERVES THAT ARE MENTIONED WITHIN THAT SECTION? CAN I JUST READ THE TERM SHEET? 
          THAT WOULD BE HELPFUL. >> I CAN ANSWER YOUR QUESTION. THOSE ARE NOT GENERAL FUND -- >> MAYOR JONES: CAN WE STOP 
          THE TIME WHILE HE ANSWERS AND THEN RESTART? >> YES, MA'AM. THE RESERVES THAT ARE BEING REFERRED TO THERE ARE NOT GENERAL FUND RESERVES. THEY'RE NOT WITHIN OUR BUDGET. SO THERE ARE A COUPLE OF DIFFERENT RESERVES YOU'LL HAVE ON BOND FINANCING. WE'LL HAVE SOME TYPE OF DEBT SERVICE RESERVE. 
          SO IT'S BASICALLY A CONTINGENCY FUND THAT'S THERE FOR BOND HOLDERS. IT MAKES THEM COMFORTABLE IN THE EVENT REVENUES AREN'T PRODUCING, THERE'S ANOTHER FUND. THAT'S BUILT INSIDE. THE OTHER THING IS A POTENTIAL FOR DOLLARS FOR CAPITAL RESERVES, THINGS THAT YOU'VE GOT TO TAKE CARE OF IN THE BUILDING. AS ERIC TALKED ABOUT DURING OUR CONVERSATION, HE WENT OVER THAT, OUR ASSUMPTION IS THE SPURS WILL OPERATE THE ARENA. THEY'LL BE RESPONSIBLE FOR ALL 
          OPERATIONS AND MAINTENANCE COSTS ASSOCIATED WITH THE BUILDING. >> CASTILLO: IN TERMS OF THE SPACE IN WHICH THE ARENA IS PROPOSED TO BE PLACED ON, DO WE KNOW HOW MUCH IT WOULD CONTRIBUTE TO PROPERTY TAXES IF IT WEREN'T PROPOSED TO BE 
          PROPERTY TAX EXEMPT? >> THE ARENA ITSELF? >> CASTILLO: YES. >> I HAVE NOT CALCULATED THAT, 
          NO, MA'AM. >> CASTILLO: I THINK THERE WOULD BE VALUE IF WE ANALYZE HOW MUCH THE LAND WOULD ACCUMULATE IN TERMS OF PROPERTY TAXES IF IT WEREN'T PROPERTY TAX EXEMPT. AND I THINK IN TERMS OF THE LARGER DEFICIT CONVERSATION, THAT'S MONEY TO OUR CITY'S GENERAL FUND. I THINK THERE'S MORE OPPORTUNITY AND HIGHER EXPECTATIONS IN WHICH WE SHOULD EXPECT FROM THE SPURS AND ENTERTAINMENT. 
          >> MAYOR JONES: COUNCILMEMBER GALVAN. >> GALVAN: THANK YOU, MAYOR. I WANTED TO JUST ECHO A BIT WHAT COUNCILMEMBER MUNGIA AND COUNCILMEMBER MCKEE-RODRIGUEZ MENTIONED ABOUT OVERSIGHT OF THE TIRZ AND CBA CONVERSATIONS THERE AND MAKING SURE THAT WE HAVE INPUT, WHETHER IT'S FOLKS HERE ON THIS DAIS, FOLKS FROM OUR CITY AND PEOPLE FROM THE PUBLIC TO OVERSEE REVENUES COMING BACK IN, OR MAKE SURE THERE IS COMPLIANCE IF THIS GOES FORWARD WITH THE CBA. 
          THE LAST PIECE I WANTED TO MENTION, MAYBE IS A BIT MORE PERSONAL VIEWS OF THIS. THE SAME THING I HEARD FROM RESIDENTS IS THE WAY I FEEL ABOUT THIS IN DIST DISTRICT 6. I DON'T THINK ANY OF US WANT TO SEE THE SPURS LEAVE OUR CITY. 
          I DON'T. WE HAVE RESIDENTS HERE IN OUR CITY, NO MATTER WHAT DISTRICT THEY'RE IN, NO MATTER HOW MUCH INCOME THEY HAVE, WHO LOVE THE SPURS, WHO HAVE MEMORIES OF THE SPURS. SOME OF MY FAVORITE FAMILY PICTURES ARE ME, MY MOM, MY BROTHER, AT A CHAMPIONSHIP SPURS GAME. WHATEVER WE CAN DO, IT'S PART OF OUR LIVES. SO MUCH SO THAT WE HAVE FOLKS WHO -- SOMEONE I CAN THINK OF PERSONALLY. 
          I KNOW THERE'S ONE EVERY PLACE E IN THE CITY AND EVERY NEIGHBORHOOD WHO THE BIGGEST ASSET THEY HAVE IS THEIR HOME AND IN THAT HOME THEY'VE DEDICATED A SINGLE ROOM OF SOME KIND OR A WALL THAT'S A SHRINE TO THIS PIECE OF OUR CULTURE, WHICH IS THE SPURS. THERE IS NO DOUBT THAT OUR CITY LOVES THE SPURS, THE TEAMS, THE PLAYERS, EVERYTHING ABOUT IT. 
          AND I DON'T THINK THAT THE CONVERSATION WE HAVE HERE ABOUT QUESTIONING OR BEING SKEPTICAL ABOUT THIS PARTICULAR SPORTS ENTERTAINMENT DISTRICT OR FINANCING PLAN OR CBA SHOULD BE MISCONSTRUED, WE DON'T WANT TO DO THIS. 
          IT'S NEVER THAT. ARE WE BOTH COMMITTED TO MAKING SURE WE'RE SERVING OUR COMMUNITY? IF SO, LET'S TALK ABOUT HOW WE CAN DO THAT TOGETHER. I DON'T APPRECIATE ANY VEILED OR PUBLIC STATEMENTS THAT SAY IT'S THIS OR THEY GO. THAT DOESN'T SEEM TO BE THE SPURS WAY, THE WAY THAT WE'VE COMMUNICATED, THE WAY THAT OUR GOVERNMENT SHOULD HAVE TO BE IN NEGOTIATIONS OF A THREAT THAT EITHER IT'S THIS OR NOTHING. SO I THINK I JUST WANT TO NOTE THAT I BELIEVE AS A CITY WE SHOULD ALWAYS BE WORKING TO MAKE SURE OUR CITY IS COMPETITIVE TO SOME OF THE MAJOR INDUSTRIES OR SPORTS TEAMS WHO WANT TO COME HERE TO BE PART OF THIS COMMUNITY, TO BE PART OF OUR ECONOMY, TO CONTRIBUTE TO MAKE SURE THAT OUR ECONOMY IS GROWING AND OUR RESIDENTS ARE PROSPERING. THAT LOOKS LIKE INVESTING IN AFFORDABLE HOUSING, CHILDCARE AND EDUCATION, INFRASTRUCTURE, AND PUBLIC GOODS. AND WE SHOULDN'T HAVE TO WAIT FOR CBAS. WE SHOULDN'T HAVE TO WAIT FOR THESE PIECES TO MAKE SURE WE INVEST IN THESE COMPONENTS OF OUR CITY TO MAKE OUR CITY ATTRACTIVE TO THESE ENTITIES. I JUST DON'T THINK . . . I REALLY APPRECIATE COUNCILMEMBER MCKEE-RODRIGUEZ'S STATEMENTS ON WE HEAR A LOT ON THIS DAIS AND OTHER PLACES TOO IN DIFFERENT GOVERNMENTS OF WHAT CAN BE AND 
          [04:10:03]
SHOULD BE DONE BY GOVERNMENTS. AND WHEN IT'S A DIFFERENT ENTITY ASKING FOR IT RATHER THAN RESIDENTS, SOME OF THE LOWEST INCOMES IN OUR -- MODEST INCOMES IN OUR CITY, WE'LL FIGURE OUT A WAY TO GET IT DONE. I WOULD APPRECIATE THE TONE WE HEARD TODAY ABOUT WHAT IS POSSIBLE TO GET DONE IN THE CBA TO ALSO CONTINUE TO HAVE THAT CONVERSATION TO BE POSSIBLE WITH OUR BUDGET AND OTHER PUBLIC FUNDING AS WELL, TOO. THOSE ARE MY COMMENTS FOR TODAY. THANK YOU. 
          THANK YOU, MAYOR. >> MAYOR JONES: COUNCILMEMBER MUNGIA -- COUNCILMEMBER VIAGRAN. >> VIAGRAN: THANK YOU. 
          I WANTED TO CHIME IN, ANDY AND ERIC. I'M HEARING SOME THINGS THAT ARE MAKING ME CONCERNED. 
          I HAVE TIRZ, LOTS OF TIRZ IN MY DISTRICT. AND SO IF -- WHEN YOU PRESENT TO US AT B SESSION. 
          AND ANDY, IF YOU COULD LOOK INTO THIS IDEA OF TAKING A TIRZ AND THEN GIVING IT BACK TO THE GENERAL FUND OF THE CITY OF SAN ANTONIO. WHILE I UNDERSTAND THAT IN THE SOUTHERN SECTOR, IN THE TIRZ THAT I HAVE THERE, AND I'M THINKING ROOSEVELT, I'M THINKING TOYOTA AREA. I'M THINKING THE TIRZ I RECENTLY HAVE. 
          THERE IS A LOT I NEED DONE. SO, I AM ALL FOR A HEMISFAIR TIRZ THAT PAYS BACK THE SPURS BUT THAT ALSO CONTRIBUTES TO WHAT HEMISFAIR AND THAT DOWNTOWN AREA NEEDS. IF IT COMES TO THE GENERAL FUND, IF WE'RE GOING TO DO THIS TREND WHERE WE TAKE IT BACK TO THE GENERAL FUND, I'D LIKE TO KNOW IF WE'RE GOING TO DO THAT AND IF WE CAN DO THAT IN -- WITH THE NUMBER OF TIRZ THAT WE HAVE. BECAUSE WHEN WE TALK ABOUT TIRZ, I START TO GET A LITTLE NERVOUS ABOUT THE NUMBER OF TIRZ WE HAVE. AND AS Y'ALL KNOW, I'LL SAY THIS AGAIN. WE LIKE TO TALK ABOUT F STREETS. 
          THEY HAVE NO STREETS IN SOME AREAS. THAT IS WHY WE'VE CREATED TIRZ THERE. 
          DISTRICT 4 HAS DONE THAT. I REALLY -- I'D LIKE THAT CLARIFIED BY THE NEXT SESSION, BECAUSE IF THIS IS GOING TO BE THE EXPECTATION, THAT TIRZ START GIVING BACK TO THE GENERAL FUND. AND THIS ONE WE COULD DO IF THE INCOME'S THERE. 
          BUT I NEED CLARIFICATION ON THAT AND IF IT'S POSSIBLE. AND IF YOU COULD JUST GIVE US MORE DETAILS ON THE PFZ AND THE EXPECTATIONS OF THE STATE AS WE DO THIS. BECAUSE I WANT TO MAKE SURE THAT WE ARE -- IF WE'RE GOING TO DO THIS FOR ONE TIRZ, ARE WE PLANNING TO DO THIS FOR ALL TIRZ WITHIN THE CITY. WE'VE GOT HOUSTON AND OTHER DOWNTOWN TIRZ. IF WE COULD HAVE THAT BY NEXT WEEK. THANK YOU. 
          AND THIS CONVERSATION HAS BEEN VERY INSIGHTFUL. AND I LOOK FORWARD TO HAVING A CONVERSATION NEXT WEEK. 
          THANK YOU. >> MAYOR JONES: THANK YOU, COUNCILWOMAN. TO CLARIFY MY COMMENTS HAVE ONLY 
          BEEN ABOUT THIS TIRZ AND THIS >> MUNGIA: BEN, I HAVE A COUPLE OF QUESTIONS FOR YOU. 
          EARLIER WE WERE TALKING -- THANK YOU. THAT DID HELP CLARIFY SOME THINGS FOR ME. POTENTIAL LEASE PAYMENTS, THAT REVENUE YOU WERE SAYING COULD GO -- IN YOUR STRUCTURE, WOULD GO TO HELP FINANCE THE DEBT, CORRECT? 
          >> THAT'S CORRECT. >> MUNGIA: SAME THING FOR THE HEMISFAIR TIRZ. 
          THAT WOULD GO TO HELP -- IN YOUR STRUCTURE WOULD HELP GO TO FINANCE THE DEBT? 
          >> THAT'S CORRECT. >> MUNGIA: SO WE START TO DRAW FROM THOSE FUNDS. 
          IF 
          >> MUNGIA: OKAY. AND SO FOR THE REPAYMENT PURPOSES, WHAT COULD THAT MEAN 
          FOR US? >> REPAYMENT OF THE DEBT? >> MUNGIA: YEAH. 
          >> SO IF WE'RE TAKING REVENUE OFF OF THE FRONT END, THEN WE'RE ISSUING LESS DEBT AND WE'RE SIZING INTO THAT SMALLER REVENUE STREAM. SO THAT MEANS LESS MONEY FOR 
          THE FACILITY. >> MUNGIA: GOTCHA. AND SO, YOU KNOW, TWO YEARS 
          [04:15:02]
FROM NOW THE CITY, WE'RE GOING TO CHANGE THAT AND WE'RE GOING TO PULL THAT, WHAT DOES THAT DO 
          TO THE AGREEMENT WE HAVE FOR THE BOND? >> SO THIS WOULD CONTEMPLATE ISSUING SOMETHING PROBABLY IN 2028 TIME-FRAME, MAYBE LATE '27 -- 2028 IS WHAT WE'VE BEEN MODELING. ON THE FRONT END, WE'VE GOT TO MAKE SURE WE'RE PAYING OUR DEBT. WE'VE GOT TO MAKE SURE WE'RE MAKING COVERAGE, MEANING WE'RE MEETING THE BOND HOLDER REQUIREMENTS. IF WE'RE TALKING ABOUT LATER ON, IF A TIRZ MATURES, THERE'S MORE DEVELOPMENT, MORE GROWTH, MORE ANTICIPATED REVENUE THAN WHAT WE'VE GOT, THEN THAT'S A DIFFERENT CONVERSATION. THAT'S NOT GOING TO AFFECT 
          THEIR PAYMENT OF THE BONDS. >> MUNGIA: BUT YOU DON'T SEE A WORLD IN WHICH WE'RE USING GENERAL FUND DOLLARS OR PROPERTY TAX REVENUE BOND DOLLARS TO PAY FOR THIS? 
          >> FOR THE ARENA? >> MUNGIA: YES. >> NO, SIR. 
          THIS STRUCTURE HAS BEEN SET UP SO ONLY THESE REVENUE SOURCES WOULD BE PLEDGED TO THE 
          BONDHOLDERS. >> MUNGIA: GOTCHA. THANK YOU FOR THAT. 
          ONE OTHER THING. TO ERIK'S POINT EARLIER, WHATEVER TERM WE AGREE ON OR PASS FOR THE COUNCIL, IT WILL BE CONTINGENT ON THE COUNTY VENUE TAX IN NOVEMBER? 
          >> WALSH: SAY YOUR QUESTION AGAIN, COUNCILMAN. >> MUNGIA: THE TERMS THAT WE'RE EVENTUALLY GOING TO PASS AT THE CITY COUNCIL, IS THAT DEAL STRUCTURE CONTINGENT ON 
          THE COUNTY VENUE TAX PROPOSAL PASSING IN NOVEMBER? >> WALSH: WELL, AS THE MAYOR SAID AT THE BEGINNING OF THE MEETING, THERE ARE MULTIPLE PLANES IN THE AIR -- 
          >> MAYOR JONES: DO YOU WANT ME TO HELP, ERIK? >> WALSH: GO AHEAD. 
          >> MAYOR JONES: THE COUNTY HAS A DIFFERENT CALCULUS AND WE HAVE A DIFFERENT CALCULUS. 
          THEY HAVE THAT'S WHY WE'RE BEING SO DILIGENT IN THE INFORMATION THAT WE'RE ASKING FOR. 
          NOW IF THE COUNTY IS COMFORTABLE MOVING FORWARD IN THEIR OWN NEGOTIATIONS, ABSENT THAT INFORMATION, THEN THAT'S ON THE COUNTY. BUT THE COUNTY HAS SAID THEY'LL DO 311 OR 25% OF THE ARENA, WHICHEVER IS THE LOWEST. THAT'S THEIR NUMBER AND SO FOR THEM TO SAY THEY NEED OUR NUMBER IS NOT TRUE. FOR US TO SAY WE NEED THEIR NUMBER IS ALSO NOT TRUE. WE DO OUR OWN ANALYSIS AND WHAT WE CAN AFFORD, WE AFFORD. 
          >> WALSH: COUNCILMAN, THE ONLY THING I'LL ADD TO THE MAYOR'S COMMENT IS THE COUNTY WOULD NEED TO MAKE A DECISION BEFORE AUGUST 18TH, BEFORE THEY DECIDE TO PUT SOMETHING ON 
          THE BALLOT FOR THE VOTERS FOR NOVEMBER. >> MUNGIA: OKAY. 
          LET'S JUST SAY -- JUST TO CLARIFY. LET'S SAY THEY DID, THEY PUT SOMETHING ON THE BALLOT AND THAT INITIATIVE FAILED, THAT DOES NOT MEAN THE END OF THIS 
          DEAL, FROM OUR STANDPOINT? >> WALSH: WELL, THAT MAY BE A -- MAYBE ANOTHER CONVERSATION FOR US. BUT LET'S JUST CONTEMPLATE THAT THERE'S AN AGREEMENT AND A TERM SHEET, A NON-BINDING TERM SHEET THAT HAS AN AGREED-UPON STRUCTURE OF FINANCING. 
          THAT STRUCTURE THAT I SHOWED IS ASSUMING $311 MILLION FROM THE COUNTY APPROVED BY THE VOTERS. 
          IF THERE WAS AN AGREEMENT AND THE CITY COUNCIL APPROVED THAT NON-BINDING TERM SHEET THAT INCLUDED THE SPURS' AMOUNT, THE GUARANTEED REVENUE, THE THINGS THAT BEN JUST DESCRIBED, BUT THAT THIRD BOX DID NOT PASS THE VOTERS, THEN WE WOULD BE IN A POSITION WHERE WE WOULD NOT HAVE A STRUCTURE ANYMORE. RIGHT, ANDY? ANDY WANTS TO RING IN. 
          >> SEGOVIA: IF I MAY TRY IT AS WELL, COUNCILMAN. I WOULD IMAGINE THAT IF THE NOVEMBER ELECTION DOES NOT PASS, WE WOULD BE AT A DECISION POINT. 
          AS ERIK SAID THAT DOESN'T NECESSARILY MEAN THERE'S NO DEAL BUT WE WOULD HAVE A DECISION POINT AS TO WHETHER WE WOULD CONTINUE OR NOT. I WOULD GUESS THERE WOULDN'T BE ANY DEFINITIVE AGREEMENTS ESTABLISHING ANY FINANCIAL AGREEMENTS BY THE CITY OR THE 
          SPURS UNTIL WE FIND OUT WHAT HAPPENS IN NOVEMBER. >> MAYOR JONES: TO CLARIFY, ANDY, JUST ON THAT POINT, CAN YOU REMIND EVERYBODY HOW FREQUENTLY THE COUNTY CAN CALL 
          AN ELECTION. >> SEGOVIA: UNDER STATE LAW, MAYOR, THEY CAN ONLY CALL AN ELECTION EVERY NOVEMBER. SO IF THEY DIDN'T CALL IT FOR THIS NOVEMBER, IT WILL HAVE TO 
          WAIT UNTIL NEXT NOVEMBER. >> MUNGIA: THAT HELPS. THANK YOU. 
          >> MAYOR JONES: I ALSO WANT TO MAKE SURE WE CLARIFY YOUR QUESTION IN TERMS OF THE BOND DOLLARS BEING USED TO PAY FOR THE ARENA. WHILE THEY WOULDN'T PAY FOR THE ARENA, AS MENTIONED, THE ONLY TIME THE VOTERS WOULD VOTE ON THIS PROJECT IS WHEN THEY VOTE 
          [04:20:02]
FOR BONDS THAT FINANCES THE INFRASTRUCTURE, RIGHT? OKAY. 
          >> WALSH: MAYOR, CAN I MAKE ONE OR CLARIFICATION? >> MAYOR JONES: PLEASE. 
          >> WALSH: COUNCILMAN, TO YOUR QUESTION AROUND THAT AS WELL. CITIES AND TOWNS AND COUNTIES ARE RESTRICTED FROM SPENDING GENERAL OBLIGATION DOLLARS ON SPORTS FACILITIES UNLESS APPROVED BY THE VOTERS. AT THE NOVEMBER PRESENTATION LAST YEAR WHEN THE COUNCIL RECEIVED THE ENTIRE PRESENTATION, THE COUNCIL CLEARLY SAID AT THAT POINT THAT THERE WOULD BE NO CONSIDERATION FOR DOING THAT. THAT'S ANOTHER PART OF THE ANSWER THAT BEN GAVE YOU IS THAT EVEN -- THERE CAN'T BE A STRUCTURE TO DO THAT UNLESS THE VOTERS APPROVE IT AND THE COUNCIL -- THE PREVIOUS COUNCIL SAID WE WERE NOT GOING TO DO 
          THAT. >> MAYOR JONES: COUNCILMEMBER WHYTE. 
          >> WHYTE: BRIEFLY. I REALLY APPRECIATED RICK'S COMMENTS ABOUT WORKING COLLABORATIVELY ON THIS AND MAKING SURE THAT THE RHETORIC DOESN'T GET ANYWHERE WHERE IT SHOULDN'T BE. AND, YOU KNOW, SAYING, WELL, THE SPURS GO IF WE DO THIS AND DON'T LIKE THAT. BUT COMMENTS LIKE WE HAVE THE UPPER HAND AND THEY'RE NOT GOING TO GET A BETTER DEAL ANYWHERE ELSE THAN HERE, THAT DOESN'T HELP EITHER. 
          THE SPURS ARE NOT THE CITY PIGGY BANK. WE SHOULDN'T BE ACTING AS IF WE CAN HOLD THEM HOSTAGE AND SAY GIVE, GIVE, GIVE, GIVE, OTHERWISE WE'RE NOT GOING TO DO THIS. AND, YOU KNOW, COUNCILWOMAN VIAGRAN I THINK RAISES A GREAT POINT WHEN SHE VOICES SOME CONCERNS ABOUT HOW WE USE THESE TIRZ DOLLARS. 
          THE TIRZ ARE SET UP FOR A REASON, TO ASSIST IN PROMOTING DEVELOPMENT IN VARIOUS REGIONS OF OUR CITY AND SAY WE HAVE A DEFICIT AND LET'S TAKE MONEY FROM THERE TO TRY TO PLUG THE HOLE IN THE DEFICIT, I THINK THAT SETS A DANGEROUS PRECEDENT. 
          WE DO HAVE A DEFICIT AND WE NEED TO SPEND OUR MONEY BETTER AS A CITY GOVERNMENT. 
          WE'VE BEEN TALKING ABOUT THAT I THINK FOR TWO YEARS NOW AND WE'RE ALL GOING TO GET AN OPPORTUNITY TO GIVE OUR OPINIONS ON HOW WE SPEND THE MONEY IN THE 2026 BUDGET COMING UP. BUT I THINK WE SHOULD REMEMBER THIS CONVERSATION AND AGAIN PUT OUR TAX DOLLARS TO WORK FOR THE BASIC CORE CITY SERVICES AND THINGS THAT WE'VE BEEN TALKING ABOUT HERE TODAY. I WOULD JUST URGE US TO TREAT THE SPURS LIKE THE GOOD COMMUNITY PARTNER THAT THEY ARE. THEY HAVE STEPPED UP, IN MY OPINION, AND ARE WANTING TO MAKE A SIGNIFICANT INVESTMENT IN OUR COMMUNITY. 
          AND WE'VE SEEN THAT TODAY IN THE PRESENTATION. SO I LOOK FORWARD TO CONTINUING TO WORK ON THIS AND, MAYOR, I APPRECIATE YOU CALLING THIS MEETING SO THAT WE COULD HAVE A 
          DISCUSSION TODAY. >> MAYOR JONES: THANK YOU. COUNCILMEMBER MCKEE-RODRIGUEZ. 
          >> MCKEE-RODRIGUEZ: THANK YOU. I ONLY HAVE A COUPLE MEETINGS LEFT SO I NEED TO MAKE IT WORTH IT. I'LL EXPRESS THAT, YOU KNOW, DISTRICT 2 STANDS TO LOSE THE MOST AS A RESULT OF THIS MOVE FROM THE FROST BANK CENTER TO DOWNTOWN. AND IF WE AS A BODY ARE NOT HOLDING LINE AND IF WE'RE NOT STRONG IN OUR NEGOTIATIONS AND IF WE'RE NOT FIRM IN OUR BELIEF THAT WE DO HAVE THE UPPER HAND AND WE CONTINUE TO SAY THINGS LIKE WE'RE GOING TO DO WHATEVER WE CAN TO KEEP THE SPURS IN SAN ANTONIO, IF WE CONTINUE TO WEAKEN OUR HAND IN THAT WAY, IT'S GOING TO IMPACT MY COMMUNITY AND OUR ABILITY TO GET THE MUCH-NEEDED INVESTMENTS THAT WE NEED. 
          IT'S GOING TO IMPACT US IN OUR ABILITY TO PROTECT RESIDENTS FROM DISPLACEMENT AND INVESTING IN THE INFRASTRUCTURE AND TRANSPORTATION, ALL THOSE THINGS. 
          AND SO WE CAN AGREE TO DISAGREE. I WOULD MAKE THE POINT ABOUT TIRZ. I APPRECIATE THE MAYOR'S CLARIFICATION OF POINTING TO THIS TIRZ SPECIFICALLY AS IT RELATES TO ANY POLICY CHANGES OR DISCUSSIONS ABOUT COMING BACK TO THE GENERAL FUND. THERE ARE TIRZ SUCH AS THE INNER CITY TIRZ THAT ARE DOING WONDERFUL WORK AND CAN DO GREAT THINGS FOR COMMUNITIES THAT HAVE BEEN HISTORICALLY UNDERINVESTED IN. THERE'S ALSO A DEVELOPER-INITIATED TIRZ. 
          I DID ASK FOR INFORMATION ABOUT THAT, IF ANY OF THOSE EXPIRE AT ANY POINT SOON OR IF ALL OF THEM ARE UP TO STANDARD AND THEY'RE HOLDING UP THEIR END OF THE AGREEMENT. 
          THE ONLY WAY WE COULD END ANY OF THOSE TIRZ IS IF THE LEGAL AGREEMENTS ARE NOT BEING UPKEPT. I WOULD SO APPRECIATE THAT INFORMATION. 
          THANK YOU. >> MAYOR JONES: ARE THERE ANY OTHER MEMBERS THAT WOULD LIKE TO SPEAK? OKAY. WELL, THANK YOU TO THE STAFF. 
          THANK YOU ALL FOR BEING SO PATIENT. HOPEFULLY WE CAN ALL STILL 
          [04:25:02]
STAND UP AFTER THIS. BUT THIS IS A REALLY IMPORTANT DISCUSSION, AS WAS DESCRIBED, THIS IS A GENERATIONAL INVESTMENT AND SO WE'VE GOT TO DO EXACTLY WHAT JEFF WEBSTER DESCRIBED, WHICH IS WE'VE GOT TO THINK NOT ONLY ABOUT THIS GENERATION BUT THE NEXT. 
          SO THANK YOU FOR ALL OF THE GOOD INPUT. ERIK, MY DIRECTION WOULD BE THAT WE -- I THINK IT'S REALLY IMPORTANT YOU'VE HEARD HERE THE IMPORTANCE OF GETTING SOME CLARITY ON, FOR EXAMPLE, WHAT IS THE $60 MILLION LOOK LIKE IN THE CBA, THE ACTUAL DOLLARS OF THAT, AS WELL AS MAKING SURE THAT THAT'S INFORMED BY THE COMMUNITY ENGAGEMENT THAT'S TAKEN PLACE. I THINK WE ALSO WANT TO MAKE SURE THAT WE'VE GOT MUCH MORE CLARITY ON THE $500 MILLION IN THE GROUND LEASES. AND JUST TO CLARIFY, BECAUSE I KNOW THAT WAS A VERY HEADLINE-GRABBING TITLE, BUT WHEN THE HEADLINE SAYS SPURS GIVES $1 BILLION, THAT'S $500 MILLION. BUT THEN THE OTHER $500 MILLION IN GUARANTEES, THAT IS ESSENTIALLY, YOU KNOW, IF THE LEASES DON'T PROVIDE THAT, THEN THE SPURS COVER IT, CORRECT? THAT'S THE GUARANTEE? BEFORE I SAY MY NEXT THING I 
          WANT TO MAKE SURE WE ALL UNDERSTAND THAT. >> WALSH: YEAH, MAYOR. 
          THERE'S A $500 MILLION CONTRIBUTION, AS I UNDERSTOOD IT ON THE LETTER. 
          AND THEN THEY'RE GUARANTEEING $500 MILLION IN THE DISTRICT WITH A DEVELOPER THAT WOULD GENERATE ADDITIONAL REVENUE THAT WOULD FUEL PART OF OUR CONTRIBUTION. 
          >> MAYOR JONES: SO IS IT FAIR THEN TO SAY, JUST FOR EVERYONE'S EDIFICATION, THAT IF THE GROUND LEASES PRODUCE THE $500 MILLION, THEN THE SPURS WOULD NOT BE RESPONSIBLE FOR 
          THAT $500 MILLION? >> WALSH: NO. SOMEBODY'S GOING TO BE 
          CONTRACTUALLY OBLIGATED FOR THAT. >> MAYOR JONES: UNDERSTOOD BUT IF THE GROUND LEASES PRODUCE WHAT THEY THINK THEY WILL -- IF THINGS WORK OUT THE WAY THAT WE HOPE THEY MAY AND SO THOSE GROUND LEASES GUARANTEE -- THEY PRODUCE THAT $500 MILLION, THEN THE SPURS WOULD NOT NECESSARILY BE ON THE HOOK FOR CONTRIBUTING THAT $500 MILLION, CORRECT? THEY'RE ONLY COVERING THE GAP, CORRECT, IF THE GROUND LEASES 
          DON'T PROVIDE THAT? >> WALSH: SO THE REVENUE -- IT'S NOT THE GROUND LEASES' PART. IT WOULD BE THE TAXABLE VALUE OF THE DEVELOPMENT. 
          THAT TAXABLE VALUE WOULD REQUIRE AN ANNUAL PAYMENT TO US BASED ON THAT TAXABLE VALUE. 
          REGARDLESS OF WHAT THE APPRAISAL DISTRICT SAID. SO THEY OR SOMEBODY ELSE, THEIR PARTNER, DEVELOPER WOULD BE RESPONSIBLE FOR THAT PAYMENT OVER THE TERM OF THE DEBT. 
          SO IT'S NOT THAT IT COULD DO BETTER AND THEY'RE OFF THE HOOK, PER SE, THEY WOULD STILL BE REQUIRED TO DO THAT AND PAY US SO THAT WE CAN SERVICE THE DEBT. 
          IT IS A LITTLE BIT OF APPLES AND ORANGES. YEAH. 
          >> MAYOR JONES: AND TO CLARIFY, WE'VE TALKED A LOT ABOUT THE PFZ -- AND IF I RECALL CORRECTLY FROM THE PREVIOUS PRESENTATION, THAT'S $2.5 BILLION IS WHAT WE'RE ANTICIPATING THAT WILL GENERATE, IS THAT RIGHT, ERIK OR BEN? 
          >> WALSH: WE'RE ESTIMATING CLOSE TO $2 BILLION. THE STATE ESTIMATED 2.6 IN 
          THEIR ANALYSIS. >> MAYOR JONES: IF WE GO TO SLIDE 5, JUST TO REFRESH EVERYBODY, IF THAT 350 TO $500 MILLION, WHICH AGAIN IS JUST FOR ILLUSTRATION PURPOSES, NOT ANYTHING WE HAVE SIGNED UP FOR. OF THOSE TWO BOXES, ONE COULD SAY, OH, IF THE PFZ COULD GENERATE $2 BILLION, WHY DOESN'T THIS ALL COME OUT OF THE PFZ? BUT THE REASON THAT IS NOT BEING PROPOSED IS BECAUSE SOME OF THAT PFZ FUNDING NEEDS TO GO TOWARD THE CONVENTION CENTER AND ALAMODOME, CORRECT? 
          >> WALSH: YES, MA'AM. THAT LAST BULLET ON THERE. >> MAYOR JONES: AND THAT'S WHY IT'S REALLY IMPORTANT THAT WE HAVE THE ECONOMIC ANALYSIS FOR THIS ENTIRE PROJECT. 
          THE CSL ANALYSIS THAT SHOWS WHAT IS THE RATE OF RETURN ON EACH OF THESE THINGS. 
          BECAUSE WHAT IF THAT ANALYSIS SHOWS ACTUALLY A HIGHER PERCENTAGE CONTRIBUTION FROM THE PFZ MAKES SENSE TOWARD THIS ARENA VERSUS THOSE OTHER TWO PROJECTS. 
          BECAUSE, AGAIN, THE REASON WE'RE HAVIME OF OUR MONEY BECAUSE THE PFZ MONEY WE'RE PUTTING INTO THE OTHER THING. I THINK THE ECONOMIC ANALYSIS AS WELL AS THE FEEDBACK FROM THE COMMUNITY, WE NEED BOTH OF THOSE THINGS. 
          THIS BODY DOES, AT LEAST, TO MAKE SURE THAT WHAT WE PROVIDE NEXT TO THE SPURS AND THE TERM SHEET IS REFLECTIVE OF ALL THAT WE CAN POSSIBLY KNOW AT THIS POINT. 
          AND I THINK THOSE ARE SOME PRETTY BASIC PIECES OF INFORMATION. 
          LET ME ALSO JUST SAY, YOU KNOW, I WANT TO REITERATE COUNCILMEMBER GALVAN'S COMMENTS. NOBODY IS TRYING TO DEMONIZE ANYBODY. 
          [04:30:01]
WE'RE THANKFUL FOR HOW WELL THE SPURS REPRESENT THE CITY. I THINK IN LIGHT OF THE NET WORTH OF SOME OF THE OWNERS AND IN LIGHT OF THE GREAT NEED IN OUR COMMUNITY, I THINK IT IS ONLY FAIR THAT WE COMMUNICATE -- WHAT ARE YOU LOOKING AT? 
          DID I SAY SOMETHING? >> WHYTE: I WAS JUST LOOKING AT YOU WHILE YOU WERE TALKING. 
          >> MAYOR JONES: I THOUGHT -- YOU MADE A FACE SO I THOUGHT I HAD MISSPOKE ABOUT SOMETHING. 
          BUT THE -- SO US ASKING THE VERY QUESTION THAT MEMBERS OF THE PUBLIC ARE ASKING IN THE HOPES THAT WE GET AN ANSWER IS NOT DEMONIZING ANYBODY. IT'S JUST TRULY DOING OUR DUE DILIGENCE. AND THIS IS NOT DIRECTED TOWARD ANYONE IN PARTICULAR BUT THESE ARE FAIR QUESTIONS TO ASK, GIVEN WHAT IS BEING PROPOSED. BECAUSE IF THE ANSWER IS NO, THEY'RE NOT WILLING TO GIVE US ANY MORE MONEY, THEN THAT'S THE ANSWER AND THE PUBLIC NEEDS TO KNOW THAT'S THE ANSWER. IF THEY DON'T WANT TO -- IN LIGHT OF WHAT WE'VE SEEN HERE, THOUGH, WE'VE HEARD UP HERE THAT THERE IS INTEREST AND UNDERSTANDING IF ADDITIONAL REVENUE SHARING IS SOMETHING THAT THE SPURS WOULD BE INTERESTED AND COULD CONSIDER. 
          AND SO WE TALK ABOUT A CBA, AND A CBA IS IMPORTANT BUT OUR ABILITY TO ACTUALLY MAKE A SOLID ASK THAT IS REASONABLE AND REFLECTIVE IS BASED ON US UNDERSTANDING OUR NEGOTIATING SPACE. WE HAVE TO UNDERSTAND. SO WHEN THE CONTRACT SAYS, HEY, YOU KNOW, ENTITY X GETS ALL OF ADVERTISING. ENTITY X GETS ALL OF CONCESSIONS. ENTITY X GETS ALL OF NAMING RIGHTS, WE AS A COMMUNITY SHOULD KNOW WHAT WE ARE GIVING UP, WHICH IS WHY ANSWERS TO THOSE QUESTIONS ARE SO IMPORTANT. SO I WOULD ASK AGAIN, ERIK, IF WE CAN GET SOME ANSWERS AS TO IF THE SPURS MAY BE WILLING TO PROVIDE US THAT INFORMATION SO THAT WE CAN UNDERSTAND WHAT OUR ACTUAL TRADE SPACE IS. LET ME SAY ONE OTHER PIECE HERE. 
          ON THE BOTTOM OF SLIDE 6, WHEN IT SAYS REVENUE SHARING. REVENUE SHARING IS NOT AN OPTION GIVEN THE FINANCIAL RISKS AND STRUCTURE OF THE FINANCIAL DEAL. 
          WE DON'T ACTUALLY HAVE AN UNDERSTANDING OF WHAT THE FINANCIAL RISKS ARE. 
          RIGHT? WE'RE JUST BEING TOLD THERE ARE RISKS. 
          BUT HAVING AN UNDERSTANDING OF THE VALUE OF THE NAMING RIGHTS, BROADCAST RIGHTS, ADVERTISING, THE GROSS NUMBERS FOR THE LAST TWO SEASONS, ALL OF THAT HELPS US UNDERSTAND HOW MUCH STOCK WE 
          CAN ACTUALLY PUT IN THAT. OKAY. >> WHYTE: MAYOR, CAN I ASK 
          SOMETHING? >> MAYOR JONES: ONE SECOND. OKAY. 
          AND JUST TO REITERATE THE OTHER ASKS, ERIK, ABOUT LAYING OUT SOME OF THE OTHER OPTIONS ABOUT WHAT COULD COME INTO THE GENERAL FUND OF THE THINGS THAT HAVE JUST BEEN DESCRIBED, JUST SO PEOPLE AGAIN UNDERSTAND, YOU KNOW, WHERE WE'VE GOT SOME FLEXIBILITY. 
          THE ARENA LEASE, IF THAT DIDN'T ALL GO BACK INTO PAYING FOR DEBT, COULD THAT COME INTO THE GENERAL FUND? IT SOUNDS LIKE IT COULD. COULD THE TIRZ, COULD WE STRUCTURE THAT IN A CERTAIN PERCENTAGE SO THAT SOME OF THAT COULD COME INTO THE GENERAL FUND SOONER, ET CETERA. I THINK THAT WILL HELP THIS BODY UNDERSTAND WHAT IS REASONABLE TO THINK ABOUT AND HOW WE CAN ALSO EXPLAIN TO PEOPLE, NOT ONLY IN TERMS OF THE BUDGET GAP THAT WE'VE GOT NOW, BUT AND SO IF SOME OF THE CHANGES WE'VE GOT TO MAKE IN THE BUDGET ARE BECAUSE WE'VE GOT TO CLOSE THAT GAP, IF WE DON'T HAVE TO TAKE SUCH DRASTIC STEPS BECAUSE WE'RE TAKING STEPS TO PUT MORE MONEY INTO THE GENERAL FUND THROUGH THIS AGREEMENT, THEN I THINK THAT MAKES A LOT OF SENSE FOR US TO AT LEAST EXPLORE. I THINK IT'S ALSO -- WE HAVEN'T REALLY TALKED ABOUT THE TIMELINE HERE. ERIK, I WOULD WELCOME YOUR THOUGHTS, THOUGH. 
          I THINK WE'VE HEARD HERE ABOUT THE NEED FOR MORE PUBLIC INPUT BUT IF WE STILL DON'T HAVE THE ECONOMIC ANALYSIS, WE HAVEN'T YET SEEN THE REPORT ABOUT COMMUNITY ENGAGEMENT AND THE EXPECTATIONS THAT WE SHARE A REVISED TERM SHEET WITH THE SPURS, I THINK IT'S APPROPRIATE WHATEVER WE GIVE BACK TO THE SPURS IS REFLECTIVE OF THOSE TWO THINGS. 
          AND WE HAVE ANOTHER PUBLIC DISCUSSION ABOUT WHAT THAT NOW LOOKS LIKE AS A RESULT OF 
          [04:35:01]
HAVING THAT INFORMATION. DO YOU HAVE RECOMMENDATIONS ON ANOTHER TIMELINE THAT ALLOWS FOR THOSE THINGS TO TAKE PLACE? BECAUSE I THINK AT THE END OF 
          THE DAY, AUGUST 21ST IS FLEXIBLE, RIGHT? >> WALSH: WELL, LET'S WORK BACKWARDS. WHERE DO YOU WANT TO LAND? THAT'S KIND OF A GENERAL QUESTION FOR EVERYBODY BUT DO YOU WANT MORE TIME ON THE BACKEND? BECAUSE I THINK PART OF THAT IS FLEXIBLE. I THINK FRANKLY THE MOST CRITICAL THING IS THAT I GET GOOD DIRECTION OUT OF HERE TO START NEGOTIATING AND ANSWERING SOME OF THE QUESTIONS THAT YOU ALL HAVE. THAT NEEDS TO HAPPEN SOONER RATHER THAN LATER. AND SO WE'LL DELIVER BOTH THAT ECONOMIC IMPACT ANALYSIS AND COMMUNITY ENGAGEMENT TO Y'ALL NEXT WEEK. IF IT'S ADDITIONAL TIME -- BUT I GUESS I'M LOOKING FOR WHERE DO YOU WANT TO -- ARE YOU LOOKING FOR MORE TIME? 
          >> MAYOR JONES: WELL, I THINK BASED ON THIS, WE NEED THOSE TWO DOCUMENTS TO UNDERSTAND WHAT OUR FEEDBACK WOULD BE ON THE TERM SHEET THAT CURRENTLY EXISTS. 
          >> WALSH: SO MY RECOMMENDATION IS THAT I START THAT PROCESS NOW. 
          THAT SHOULD NOT WAIT. IT SHOULD CONTINUE TO BE INFORMED BY THE DOCUMENTS FOR NEXT WEEK. BUT IF WE'RE NOT GOING TO MOVE FORWARD WITH BEING ABLE TO ANSWER SOME OF THE QUESTIONS ABOUT THE $500 MILLION OR THE GUARANTEES OR THE DETAILS OR THE $60 MILLION, THEN THAT TIMELINE DEFINITELY HAS TO SLIDE BACK. 
          IT SHOULD. AND SO IT'S REALLY UP TO YOU ALL. 
          IF THAT'S WHAT YOU WANT. BUT I CANNOT DELIVER THAT IN THAT TIMELINE IF I CAN'T START THOSE CONVERSATIONS WITH THE SPURS. I MEAN, I THINK MY TAKEAWAY FROM THIS CONVERSATION IS TO CONTINUE. WE NEED TO STRETCH IN A LOT OF DIFFERENT AREAS AND A LOT OF COMMENTS MADE ABOUT WHETHER IT'S GENERAL FUND OR TIRZ OR LEASES. I THINK THERE'S A BALANCE ACT -- AND THAT'S CLEARLY WHAT I HEARD TODAY. BUT IT'S TO CONTINUE TO -- TO START TO CONTINUE TO HAVE THOSE CONVERSATIONS. IF YOU'D LIKE TO WAIT UNTIL THOSE CONVERSATIONS OR UNTIL 
          THOSE OTHER REPORTS, THEN LET ME KNOW. >> MAYOR JONES: WHAT IS YOUR ASSESSMENT OF THE RISK OF US WAITING TO ENSURE THAT THE TERM SHEET SUBMITTED OR TRANSMITTED TO THE SPURS -- WHAT IS THE RISK IN NOT SENDING THAT NEXT WEEK, WHICH WOULD ALLOW US TIME TO ENSURE THAT OUR FEEDBACK INCORPORATED THE ECONOMIC ANALYSIS AND THE COMMUNITY 
          INPUT. >> WALSH: I THINK THERE'S THREE MAIN RISKS. 
          ONE -- >> MAYOR JONES: OTHER THAN PISSING OFF THE COUNTY. 
          >> WALSH: THAT WAS GOING TO BE NUMBER THREE, MAYOR. THAT WAS ACTUALLY NUMBER THREE, MAYOR. NUMBER ONE, I THINK SOME OF THE -- I'M GOING TO BE CAREFUL HOW I ANSWER THIS BECAUSE WE'RE OUT IN OPEN SESSION. BASED ON SOME OF THE COMMENTS AND SUGGESTIONS, I THINK THEY WOULD HAVE AN IMPACT ON THE STRUCTURE AND PROBABLY THE INFORMATION WE RECEIVED IN THE LETTER LAST NIGHT. AND I THINK THERE'S SOME RISK TO THAT BUT I THINK WE NEED TO SIT DOWN WITH THE SPURS AND TALK THROUGH THAT. 
          NUMBER TWO, I THINK IT'S TIME. THE SOONER THAT I CAN START -- THAT WE CAN, THE CITY STAFF CAN START WEEDING THROUGH SOME OF THOSE ISSUES, THE BETTER OFF I THINK YOU ALL WILL BE BETTER INFORMED AS I GIVE YOU AN UPDATE NEXT WEEK. HOPEFULLY IN EXECUTIVE SESSION TO SHARE, FROM A NEGOTIATING STANDPOINT, SOME OF THE KEY POINTS. 
          AND, FRANKLY, I THINK THAT FITS NICELY WITH BETTER INFORMED WITH THE ECONOMIC IMPACT ANALYSIS SO WE CAN STAY ON TRACK. AND IF WE DO ALL THAT AND THE 21ST NEEDS TO SLIDE, THEN IT NEEDS TO SLIDE BECAUSE THE THIRD RISK IS THAT THE COUNTY 
          IS TRYING TO DECIDE WHAT THEY'RE GOING TO DO. >> MAYOR JONES: SO IT DOESN'T SOUND LIKE THERE'S A RISK, ACTUALLY, OF WAITING TO ENSURE THAT OUR FEEDBACK HERE ON THE TERM SHEET REFLECTS THE -- MY CONCERN IS WE'RE NOT GOING TO HAVE SUFFICIENT TIME TO READ THOSE TWO THINGS AND THEN PROVIDE THOUGHTFUL FEEDBACK ON THE TERM SHEET. 
          UNLESS YOU IMAGINE SEVERAL ITERATIONS OF THE TERM SHEET GOING BACK AND FORTH BETWEEN US AND THE SPURS BETWEEN NOW AND THE 6TH. ON TOP OF SUFFICIENT TIME TO 
          HAVE A PUBLIC DISCUSSION ABOUT THOSE THINGS. >> WALSH: I THINK WE TAKE IT IN BITE-SIZED PIECES. I THINK IT'S GOING TO BE BACK AND FORTH AND I THINK NEXT WEEK WE COULD BE PREPARED TO GIVE YOU AND THE REST OF THE COUNCIL AN UPDATE ON WHERE WE'RE AT. 
          [04:40:08]
I THINK THERE'S GOING TO BE SOME BACK AND FORTH. AND IF THE CONDITIONS CHANGE A WEEK FROM NOW, THEN WE PIVOT AND WE GIVE OURSELVES MORE TIME. 
          BUT WE MAKE THAT DECISION NEXT WEEK. BUT I THINK THERE'S GOING TO BE 
          BACK AND FORTH, MAYOR. >> MAYOR JONES: MY CONCERN IS THIS ECONOMIC ANALYSIS -- MY UNDERSTANDING IS YOU WERE EXPECTING THIS MONTHS AGO. AND SO DO WE HAVE CONFIDENCE 
          THAT WE'LL ACTUALLY HAVE THIS NEXT WEEK? >> WALSH: YES, MA'AM. 
          >> MAYOR JONES: OKAY. OKAY. JUST TO SUM UP. 
          YOUR PROPOSAL IS A TERM SHEET -- WELL, ACTUALLY AT THIS POINT THOUGH THE TERM SHEET CAN BE REFLECTIVE, ANDY, OF SOME OF THE FEEDBACK -- ALL OF THE FEEDBACK -- OF THE FEEDBACK THAT YOU HAVE HEARD HERE TODAY TO INFORM WHAT IS NEXT TRANSMITTED. 
          AND THEN IT'S TRANSMITTED. WE WILL THEN RECEIVE THE ECONOMIC ANALYSIS, THE COMMUNITY FEEDBACK SO THAT ONCE WE HEAR BACK FROM THE SPURS ON THEIR FEEDBACK ON THE TERM SHEET THAT WE JUST SENT OVER, WE WILL BE READY TO PROVIDE FEEDBACK ON THE TERM SHEET THAT THEY SENT. THAT'S WHY DO WE NECESSARILY NEED TO SEND IT OVER JUST YET, UNDERSTANDING IT COULD BE SIGNIFICANTLY DIFFERENT BASED ON WHAT WE SEE IN THE ECONOMIC 
          ANALYSIS AND THE COMMUNITY FEEDBACK. >> SEGOVIA: MAYOR, IF YOU'RE ASKING FOR MY RECOMMENDATION, IT WOULD BE NOT TO SEND BACK A TERM SHEET UNTIL WE HAVE A HIGHER DEGREE OF CONFIDENCE THAT THE TERM SHEET WE'RE GOING TO SEND OVER IS REFLECTIVE OF 
          WHAT THE COUNCIL WANTS. >> MAYOR JONES: OKAY. IT SOUNDS LIKE THEN, BASED ON AT LEAST THE COMMENTS I HEARD HERE, THAT REQUIRES THE ECONOMIC ANALYSIS AS WELL AS 
          THE CITY COMMUNITY ENGAGEMENT. >> WALSH: I WOULD LIKE TO START HAVING THOSE CONVERSATIONS DIRECTLY WITH THE SPURS, EVEN IF ALL THE TERM SHEETS AREN'T DONE, TO START TO 
          WORK THROUGH AND ANSWER SOME OF THESE QUESTIONS. >> MAYOR JONES: WHICH 
          QUESTIONS? >> WALSH: THE QUESTIONS THAT THE COUNCIL IS ASKING AND THE 
          QUESTIONS THAT I HAVE. >> MAYOR JONES: ABSOLUTELY. >> WALSH: WE NEED TO GET 
          GOING HERE. >> MAYOR JONES: TO BE CLEAR, NOTHING IS PREVENTING YOU FROM ASKING THE QUESTIONS -- I MEAN, WE'RE TALKING ABOUT SENDING OVER A REVISED TERM SHEET. 
          SO YOU CAN ASK QUESTIONS. >> WALSH: I THINK WE NEED TO SIT DOWN WITH THE SPURS AND GO THROUGH THESE ISSUES. AND THE TERM LANGUAGE IS -- CAN WORK AROUND WHERE WE END UP. 
          >> MAYOR JONES: OKAY. THAT'S HELPFUL. THANK YOU. 
          YOU WILL WORK THE QUESTIONS THAT YOU HAVE HEARD HERE. WE WILL NOT SUBMIT A TERM SHEET UNLESS THIS BODY HAS PROVIDED FEEDBACK, WHICH WILL BE INFORMED BY THE ECONOMIC ANALYSIS AND THE COMMUNITY FEEDBACK. OKAY. 
          THANK YOU. AND THEN THAT WILL ALLOW FOR, BASED ON THAT, WE'LL SEE HOW MUCH TIME WE HAVE THEN OR WHAT THE TIME CAN LOOK LIKE. BECAUSE ON SLIDE 13 WHEN WE THINK ABOUT THIS TIMELINE, I THINK THE FEEDBACK HERE AS WELL AS THAT'S BEEN REITERATED, JULY 31ST EXECUTIVE SESSION BRIEFING ON STATUS OF NEGOTIATIONS, THERE NEEDS TO BE A PUBLIC UPDATE AND WE'LL MAKE SURE THAT IS REFLECTIVE OF THIS BODY'S FEEDBACK AS WELL. 
          OKAY. OKAY. LET ME REITERATE MY THANKS AGAIN TO EVERYBODY'S TIME AND PATIENCE. I THINK WE HAVE A BETTER UNDERSTANDING OF SOME OF THE FINANCE PIECES HERE AS WELL AS WHAT IS STILL OUTSTANDING AND THE WORK THAT REMAINS AHEAD AS WELL AS THE TIMELINE AT LEAST IT STANDS UNTIL WE HAVE THE ADDITIONAL INFORMATION. THANK YOU. YEP. 
          THAT SUMMER BREAK. HERE WE GO. OKAY. 
          THERE BEING NO FURTHER DISCUSSION, THE TIME IS NOW 5:44 P.M. AND THE MEETING IS ADJOURNED. THANKS, EVE
* This transcript was compiled from uncorrected Closed Captioning.