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          >> MAYOR JONES: GOOD AFTERNOON. THE TIME IS NOW 1:03 P.M. ON WEDNESDAY, AUGUST 6. AND THE CITY OF SAN ANTONIO SPECIAL SESSION IS CALLED TO ORDER. MADAME CLERK, PLEASE CALL THE ROLL. 
          >> CLERK: MAYOR, WE HAVE QUORUM. >> MAYOR JONES: THANK YOU, MADAME CLERK. BEFORE WE START, I WOULD LIKE TO WELCOME OUR DISTRICT 2 INTERIM COUNCILMEMBER TO HIS VERY FIRST MEETING. WELCOME. 
          [APPLAUSE] WE'VE GOT A FULL AGENDA. WE'VE GOT A FULL HOUSE, AS 
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PUBLIC COMMENT HAS BEEN ALLOWED. SO THIS IS A SPECIAL MEETING ON PROPOSED DOWNTOWN SPORTS ENTERTAINMENT DISTRICT WITH A FOCUS ON THE ECONOMIC IMPACT ANALYSIS AND THE COMMUNITY ENGAGEMENT REPORT. AND I ASKED LAST WEEK FOR THE CITY MANAGER TO PUSH THAT MEETING. WE HAD RECEIVED QUITE A FEW -- WELL, SEVERAL DOCUMENTS, VERY LENGTHY. I WANTED TO GIVE MY COLLEAGUES SUFFICIENT TIME TO REVIEW THOSE. WE PUSHED THAT TO THIS MEETING TODAY. THANK YOU TO EVERYBODY FOR BEING FLEXIBLE. 
          THOSE DOCUMENTS RECEIVED -- CITY MANAGER WILL CORRECT ME -- BUT YESTERDAY WE RECEIVED THE ECONOMIC IMPACT REPORT THAT THE SPURS' CONSULTANT PROVIDED. SO THAT ALSO IS PUBLICLY AVAILABLE. BUT, AGAIN, WE RECEIVED THAT YESTERDAY. 
          SO, ERIK, PLEASE PROCEED WITH THE STAFF PRESENTATION. >> WALSH: THANK YOU, MAYOR. 
          GOOD AFTERNOON, MAYOR AND COUNCIL. THREE COMPONENTS, AS THE MAYOR LAID OUT. FIRST WE'LL KICKOFF WITH MARIO PENA, TRANSITION TO JOHN KATZ FROM CSL. AND THEN BEN GORZELL HAS A FEW SLIDES TO TALK TO THE COUNCIL ABOUT THE STRUCTURE THAT WE HAVE DISCUSSED SEVERAL TIMES AND LOOK FOR SOME DIRECTION FROM THE COUNCIL IN TERMS OF NEXT STEPS. MARIO, I'LL TURN IT OVER TO 
          YOU. >> MY NAME IS MARIO PENA. I'M ONE OF THE FOUNDING PARTNERS OF ABLE CITY AND WE WERE HIRED TO LEAD DESIGN A LARGE-SCALE COMMUNITY ENGAGEMENT PLAN TO REACH AS MUCH OF SAN ANTONIO AS POSSIBLE WITHIN THESE LAST SUMMER MONTHS. IS MY PRESENTATION UP? THANK YOU. 
          SO, REALLY FIRST AND FOREMOST, I WANT TO THANK MAYOR JONES AND THE REST OF THE COUNCIL FOR MAKING SPACE FOR THIS TO HAPPEN DURING THESE SUMMER MONTHS. AND THE TEAM AT ABLE CITY -- I'M SURE I SPEAK FOR ALL OF THE STAFF AT THE CITY OF SAN ANTONIO THAT WE WORKED VERY CLOSELY WITH TO ROLL THIS OUT. WE REALLY WANT TO THANK THE RESIDENTS, THE ADVOCATES, ALL THE PARTICIPANTS, THE BUSINESS SECTOR THAT CAME OUT. THEY USED THEIR PERSONAL TIME 
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TO COME IN AND GIVE US THEIR VISION, THEIR OPINION. SO THEIR TIME IS REALLY, REALLY VALUABLE TO US AND WE WANT TO MAKE SURE THAT WE GIVE THEM AS MUCH RESPECT FOR SHARING THEIR VIEWS AS POSSIBLE. AND SO THAT'S THE GOAL OF THE ENGAGEMENT PLAN. 
          SO THE PURPOSE. SO WE ALSO WORK SORT OF IN A TWO-SIDED WORLD. 
          WE CALL IT CO-LEARNING. AND THE IDEA BEHIND A COMMUNITY ENGAGEMENT PLAN LIKE THIS IS WE WANT TO MAKE SURE THAT THERE'S SPACE FOR COMMUNITY TO LEARN THE FACTS. 
          SO THEY ARE LEARNING ALL OF THE AVAILABLE FACTS THAT WERE PUT TOGETHER THAT WERE DRIVING THE CONCEPTION OF A SPORTS AND ENTERTAINMENT DISTRICT. AND WE TALKED TO THEM ABOUT THE PUBLIC SPACES THAT WERE THERE THAT WERE A CONTINUATION OF THE HEMISFAIR PLAN. 
          THE FACILITIES THAT ARE POTENTIALLY PLANNED. MIXED-USE DEVELOPMENT. 
          A PRELIMINARY FUNDING PLAN, WHERE THE SOURCES OF FUNDING MIGHT COME FROM. 
          OBVIOUSLY WE WERE THERE REALLY MAINLY TO LISTEN. WE HAD -- WE'LL GET TO THIS IN THE NEXT SLIDE. WE HAD SEVERAL METHODS THAT WERE REALLY DESIGNED TO COAX OUT VOICES THAT ARE TYPICALLY HEARD. SOME PEOPLE ARE VERY CONFIDENT SPEAKING IN PUBLIC AND TAKING THE MIC AND ASKING QUESTIONS AND ENGAGING WITH A COMMUNITY ENGAGEMENT EVENT. WHILE OTHERS ARE NOT. AND SO THAT'S WHY THERE WAS A VARIETY OF ACTIVITIES THAT WERE DESIGNED IN THE FORUMS. AND SO THOSE INCLUDED PUBLIC MEETINGS, FOCUS GROUP DISCUSSIONS, STAKEHOLDER MEETINGS, THE DIFFERENCE BETWEEN THAT IS FOCUS GROUPS ARE ACTUALLY TOPIC RELATED. WE TALKED ABOUT HOUSING, INFRASTRUCTURE, PUBLIC SPACE, LOCAL BUSINESSES. AND THEN STAKEHOLDER MEETINGS WERE AROUND A SPECIFIC INTEREST GROUP. WE HAD SOME OPEN HOUSES AND THEN WE HAD A BROAD ONLINE SURVEY. WE ALSO ADDED A POLL QUESTION WHERE WE POLLED THE FORUM PARTICIPANTS AROUND WHAT COMMUNITY PRIORITIES THEY WOULD WANT TO SHARE WITH YOU ALL AS WE SHARE THE REPORT WITH YOU. SO, ENGAGEMENT PLAN HIGHLIGHTS. WE'RE HAPPY TO REPORT THAT BETWEEN JUNE 24 AND JULY 22, 1400 RESIDENTS ATTENDED OUR IN-PERSON EVENTS. ONLINE, OVER COMPLETED THE SURVEY. AND OVER 400 PEOPLE PARTICIPATED IN THE POLL THAT WAS GIVEN AT THE FORUMS. SO, HERE ARE JUST SOME HIGHLIGHTS. 
          WE'LL TALK A LITTLE BIT ABOUT WHAT WE HEARD IN TERMS OF CONTENT. 
          LIKE I SAID EARLIER -- SORRY. MY PHONE. SO WHAT WE HEARD JUST GENERALLY -- AND, AGAIN, THIS IS A SUMMARY. WE'RE TRYING TO REFLECT EVERYTHING WE HEARD IN A 20-MINUTE PRESENTATION. IF YOU LOOK AT YOUR DRAFT REPORT THAT WAS SUBMITTED, WE GO A LOT MORE IN DEPTH, AND THAT'S ONLINE. 
          EVERYONE CAN ACCESS IT. BUT IN TERMS OF SUMMARIZING IT, REALLY THE REPEATED THEMES IS THE ELEMENT OF TRANSPARENCY AND CONTINUED COMMUNITY ENGAGEMENT AND BACK AND FORTH INFORMATION FROM THE CITY TO THE RESIDENTS AND ADVOCATES. THE CONVERSATION AROUND COMMUNITY BENEFITS. HOW CAN THE COMMUNITY BENEFIT FROM A PROJECT LIKE THIS? PROTECTIONS AGAINST DISPLACEMENT. TRAFFIC, AS WE KNOW, PARKING, AND REALLY MAKING SURE THAT THE DISTRICT IS DESIGNED FOR LOCALS MORE THAN ANYTHING ELSE. 
          SO RESIDENTS SHARED THEIR ASPIRATIONS ABOUT THE DISTRICT'S CULTURAL AND RECREATIONAL AND ECONOMIC POTENTIAL. AS FAR AS BIG IDEAS, THIS WAS -- I'LL TRY TO DESCRIBE THAT ACTIVITY WHERE WE GATHERED PEOPLE'S BIG IDEAS ACROSS ALL TEN DISTRICTS. WE SPLIT EVERYBODY UP INTO ROUNDTABLES AND THEY HAD A MAP IN FRONT OF THEM. AND THEY COULD SHARE REALLY SOMETHING THEY MIGHT WANT TO MAP ON THE ACTUAL DISTRICT. THEY MIGHT HAVE SHARED A CONCERN OR AN ASPIRATION, IN GENERAL. SO IT WAS SORT OF CARTE BLANCHE. 
          AND THE VALUE OF THAT CONVERSATION IS THAT PEOPLE WHO HAVE, AGAIN, A VARIETY OF 
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PERSPECTIVES ON THE PROJECT ARE TALKING TO OTHER RESIDENTS. COLLEAGUES AND CITY MAKING ABOUT THEIR VARIED IDEAS AS WELL. SO AT THE END OF THAT -- ABOUT 30 TO 40-MINUTE CONVERSATION AND DISCUSSION AND SHARING OF IDEAS, EACH TABLE SHARED THEIR THREE BIG CONSENSUS IDEAS WITH THE ENTIRE FORUM. AND THERE WE STARTED SEEING, YOU KNOW, A PATTERN AROUND CONNECTIVITY AND WALKABILITY, GETTING TO AND FROM THE DISTRICT. AFFORDABLE AND INCLUSIVE HOUSING. 
          AND THEN, AGAIN, THIS ELEMENT OF MAKING SURE THAT THIS PROCESS CONTINUES TO BE TRANSPARENT. THAT THERE CONTINUES TO BE ACCOUNTABILITY ON THE GOALS THAT ARE SET AND ON THE GUIDING PRINCIPLES WE'LL PRESENT WAS A BIG PART OF IT. 
          NEXT, I'LL SHARE A BIT ABOUT WHAT THE HOUSING FOCUS GROUP THEMES WERE. 
          AND, AGAIN, THESE WERE HOUSING FOCUS GROUPS THAT WERE HELD AT EACH DISTRICT. 
          SO THERE WAS A TOTAL OF TEN. THEY WERE ALL VERY WELL ATTENDED. 
          WE WERE HAPPY TO SEE PEOPLE COME AND SPEAK OUT AT THOSE. AND THAT WAS MORE OF A FORMAT OF Q&A, SHARING A LITTLE BIT ABOUT THE PROJECT RELATED TO THAT TOPIC. 
          HOW IS HOUSING RELATED TO THE PROJECT? WHAT ARE THE POTENTIAL OPPORTUNITIES FOR HOUSING. AND THEN AFTER THAT PRESENTATION, WE HEARD THIS CONTINUED TOPIC OF CONCERN OF AFFORDABILITY AND ANTI-DISPLACEMENT. 
          AGAIN, THIS IS JUST SOMETHING RELATED TO SOMETHING THAT WE'RE HEARING ACROSS THE WHOLE CITY, NOT JUST AROUND THE DISTRICT. IT'S VERY IMPORTANT. IT'S REAL IN PEOPLE'S LIVES. 
          PRESERVATION AND RELOCATION OF EXISTING HOUSING. AGAIN, FOCUS AROUND THE NEIGHBORHOODS THAT ARE GOING TO BE IMPACTED BY PROJECTS SUCH AS THIS. 
          BUT THEN OBVIOUSLY IN DISTRICTS THAT ARE NOT IN D1, D2, YOU KNOW, THOSE CONCERNS ABOUT RESONATED WITH THOSE GROUPS, EVEN IN THEIR DISTRICTS. THE SPILLOVER OF INCREASED ACTIVITY, ECONOMIC ACTIVITY AND WHAT THAT MEANS IN TERMS OF NEIGHBORHOOD PRESERVATION ACROSS THE CITY WAS IMPORTANT. AND THEN INTEGRATION WITH TRANSIT. 
          AND NEIGHBORHOOD STABILITY OVERALL. TRANSPORTATION FOCUS GROUPS. 
          SO WE HAD A FEW FOCUS GROUPS. THOSE TEN FOCUS GROUPS ACROSS ALL TEN DISTRICTS. 
          AND THE TOPICS THAT WE HEARD REALLY WERE FOCUSED ON EXPANDING PUBLIC TRANSPORTATION, THE PARK AND RIDE SYSTEM. I THINK THAT'S WHAT'S IN MY HEAD. HEY, WE WOULD LOVE TO HAVE MORE EXPANDED PARK AND RIDE OPPORTUNITIES FOR PEOPLE TO GET DOWNTOWN WITH PUBLIC TRANSIT CENTER ACROSS THE ENTIRE CITY. 
          EXPANDED TRANSPORTATION HOURS SO THAT THEY'RE USEFUL DURING AN EVENT. 
          BUT ALSO SO THAT THEY'RE USEFUL FOR THE WORKFORCE THAT ARE COMING IN AND OUT OF THE DISTRICT. MAKE SURE IT WORKS FOR THEM, WHICH IS THAT LAST ELEMENT ON THE SLIDE. WE ALSO TALKED ABOUT PUBLIC SPACE. 
          AND THERE THE FOCUS THAT WE WANTED TO HIGHLIGHT HERE IS, YOU KNOW, THE FACT THAT PEOPLE SPOKE A LOT ABOUT SAFETY, ACCESSIBILITY, AND THE DESIGN OF PUBLIC SPACE. 
          AND THAT IT CONTINUES TO HAVE A LOCAL IDENTITY. SO DON'T MAKE THIS SORT OF A DISNEY-FIED AREA. WE WANT TO MAKE SURE THAT SAN ANTONIO CONTINUED TO LOOK LIKE SAN ANTONIO. PEOPLE ARE PROUD OF THE HERITAGE THAT WAS PASSED DOWN TO THEM BY THE, YOU KNOW, BY OUR FOREFATHERS THAT ESTABLISHED THE CITY AND THAT WE STILL GET TO ENJOY EVERY DAY. SO, AGAIN, THE AUTHENTICITY AND PRESERVATION OF OUR LOCAL IDENTITY. WE ALSO HAD A LOT OF CONVERSATIONS AROUND PROGRAMMING. PROGRAMMING THAT WAS AFFORDABLE, THAT WAS LOCAL, THAT WAS TARGETED AT LOCALS. THAT WAS TARGETED AT YOUTH. 
          SO WHAT OPPORTUNITIES CAN WE HAVE FOR YOUTH TO ENGAGE AND ENJOY THE DISTRICT AS WE EXPAND ON IT. LOCAL BUSINESSES. SO, HERE AGAIN IT'S ALL ABOUT THE LOCAL. IT'S ALL ABOUT HELPING LOCAL BUSINESSES, CREATING OPPORTUNITIES BY VARYING MAYBE SIZES OF TENANT SPACES. AND INTEGRATING THAT WITH THE ACADEMIC AND WORKFORCE PIPELINES. SO I'LL MOVE ON AND JUST BRIEFLY GO THROUGH THE THEMES THAT ARE EMBEDDED IN THE GUIDING PRINCIPLES. 
          AND SO THERE'S A LIST OF GUIDING PRINCIPLES IN EVERYONE'S REPORT. 
          IT'S QUITE A LONG LIST. AND THEY'RE ALL CATEGORIZED AROUND THESE THEMES. 
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AND SO THIS IS WHAT THEY ARE AGAIN. WHAT RESONATED. 
          THIS IS MAYBE SOMEWHAT IN ORDER OF -- I DON'T WANT TO SAY IMPORTANCE, BUT THE PATTERN OF REPETITION THAT WE SAW. AND SO THINGS JUST BECAME MORE AND MORE OBVIOUS THAT THEY NEEDED TO BE PART OF A CATEGORY OR A THEME. SO, AGAIN, COMMUNITY ENGAGEMENT. CONTINUED COMMUNITY ENGAGEMENT. 
          CONTINUED SHARED DECISION MAKING ACROSS ALL OF THE ELEMENTS THAT WOULD MAKE THE DISTRICT, FROM PROJECTS TO THE COMMUNITY BENEFITS AGREEMENT. SO SHARING IN THAT DECISION MAKING WAS REALLY IMPORTANT. PRESERVING HOUSING AND PROTECTING NEIGHBORHOODS. 
          ACCESS TO MOBILITY. CONGESTION RELIEF. SO OPEN SPACE. 
          AGAIN, A CATEGORY FOR OPEN SPACE. HOW IMPORTANT ARTS AND CULTURE IS AND MAKING SURE THAT AS MONIES ARE CONSIDERED TO BE USED FOR DIFFERENT ELEMENTS, THAT THE MONIES THAT ARE NOW PART OF WHAT PROPELS ARTS AND CULTURE CONTINUES TO BE A KEY TO MAKING THE SPACE LOCAL. LOCAL BUSINESSES AND HIRING. INCLUSIVE AND EQUITABLE ACCESS. AND MAYBE THAT BEARS A LITTLE BIT OF EXPANSION. 
          BUT THIS IS RELATED TO MAKING SURE THAT EVENTS -- PROGRAMMING EVENTS ARE AT AFFORDABLE PRICES. TO MAKE THIS A SPACE THAT IS USEFUL. 
          TO MAKE EVENTS THAT ARE HELD HERE ACCESSIBLE TO ALL SAN ANTONIANS. 
          SO JUST BRIEFLY ON STAKEHOLDER MEETINGS. AND I HAVE -- I JUST WANT TO NOTE THAT AS OF THIS WEEK WE'RE STILL ENGAGED WITH SOME STAKEHOLDERS. 
          WE ARE BRINGING IN NOTES AND JUST GREAT IDEAS FROM STAKEHOLDERS, EVEN AS WE SPEAK. THAT'S ONE OF THE REASONS WHY YOU SEE A DRAFT IN YOUR DRAFT REPORT. BECAUSE WE'RE STILL INTEGRATING THIS AS WE HAVE CONVERSATIONS WITH STAKEHOLDERS. BUT, AGAIN, THERE WAS A VARIETY OF PERSPECTIVES THAT WE'RE TRYING TO CAPTURE IN THOSE STAKEHOLDER CONVERSATIONS. AND SO YOU SEE SOME OF THESE HERE. SOME OF THEM ARE RELATED TO REVIVING COMMUNITY TRADITIONS. 
          SUPPORTING THAT VISITOR EXPERIENCE. BEING INCLUSIVE IN OUR DESIGN, AS FAR AS ACCESSIBILITY. AND THEN SOME EVEN MORE SPECIFIC. 
          THIS IS WHERE WE HAVE MORE SPECIFIC CONVERSATIONS ABOUT ALAMODOME IMPROVEMENTS AND SPECIFIC PROJECT NEEDS LIKE THAT. OKAY. 
          SO THEN OF NOTE IS THAT TOWARD THE MIDDLE OF OUR COMMUNITY ENGAGEMENT PLAN, THERE WAS A Q&A SESSION THAT WAS ADDED. AND SO AT THE SUGGESTION OF MAYOR JONES, SHE WANTED TO MAKE SURE -- AND I CAN'T SPEAK FOR YOU, MAYOR -- BUT I THINK I GET THE SPIRIT OF WHY THAT WAS IMPORTANT TO YOU THAT THAT WAS ADDED. SO PEOPLE HAD A CHANCE TO BE A LITTLE MORE ENGAGED BEFORE WE GOT INTO THE TABLE DISCUSSIONS. 
          SO WE WERE ASKED TO JUST INCLUDE A LITTLE BIT OF A Q&A RIGHT BEFORE SO THAT THE DISCUSSIONS WERE A LITTLE MORE INFORMED WHEN WE BROKE OUT INTO THOSE GROUPS. 
          >> MAYOR JONES: LET ME JUST CLARIFY. WHEN I WENT TO -- IT WAS THE ONE SESSION THAT I WENT TO. IT WAS THE D10 SESSION. AND IT WAS A PRESENTATION THAT WAS LAID OUT BY MS. HOUSTON. AND THEN THERE WERE COMMENTS PROVIDED BY THE ABLE CITY REPRESENTATIVE. AND THEN THEY WENT STRAIGHT INTO ASKING FOLKS TO DRAW ON THE MAP. AND WHEN I RECEIVED THE PRESENTATION FROM THE BACK -- IT WAS A PACKED HOUSE. CREDIT TO DISTRICT 10. IT'S ALWAYS PACKED. 
          I DID HEAR FOLKS LEAN OVER AND SAY WHEN ARE WE GOING TO ASK QUESTIONS OR WHEN ARE WE HAVING A DISCUSSION? AND BECAUSE THERE WASN'T A FORMAL PART OF THAT PRESENTATION -- WHICH I WAS SURPRISED BY AND I THINK THOSE IN ATTENDANCE WERE ALSO SURPRISED. I WANTED TO MAKE SURE THAT WE AMENDED THAT MOVING FORWARD. 
          SO I APPRECIATE THE TEAM'S INCLUSION OF THAT FOR THE SESSIONS THAT FOLLOWED. 
          >> SURE, SURE. ABSOLUTELY. OF COURSE. 
          AND WE WELCOME THAT ELEMENT IN IT AND WE REALLY TRIED TO EXTRACT THE MOST VALUE OUT OF IT AS WE COULD. AND THEN WE BROKE OUT INTO THE TABLE DISCUSSIONS. 
          SO THOSE -- THE PRESENTATION WENT AWAY. THERE WE GO. 
          SO A LOT OF THOSE REALLY CENTERED ON, AGAIN, ARENA FUNDING. 
          THAT WAS ONE OF THE REPEATING QUESTION ELEMENTS OR THEMES. TRANSPARENCY, CONGESTION, 
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PARKING. WE START TO SEE A PATTERN HERE. 
          ECONOMIC IMPACT. YOU KNOW, IS THIS GOOD OVERALL FOR THE ENTIRE CITY. 
          AND THEN, OF COURSE, QUESTIONS ON AFFORDABLE HOUSING AND WHAT THAT MEANS. 
          WHERE IT IS, WHAT THE PLANS ARE FOR IT. HOW DOES THIS PLAN PLUG INTO AFFORDABLE HOUSING GENERALLY AND HOW CAN IT SOLVE THE AFFORDABLE HOUSING CRISIS OR BE AN ELEMENT IN SOLVING THE AFFORDABLE HOUSING CRISIS FOR THE CITY OVERALL. 
          I THINK WE ALL AGREE THAT'S ONE OF OUR MOST PRESSING ISSUES THAT WE'RE ALL TRYING TO RESPOND TO AS WELL AS WE CAN. AND SO THEN NOW I'M GOING TO TAKE YOU THROUGH THE CITYWIDE RESULTS. NOW, THIS PAINTS SOMEWHAT OF A DIFFERENT PICTURE FROM WHAT WE SAW AT THE FORUMS. SO I COULD SAY THERE WAS A SLIGHTLY BROADER PERSPECTIVE HERE FROM PEOPLE THAT MAYBE COULDN'T ATTEND THE MEETINGS. AND I'M SURE A LOT OF PEOPLE THAT ATTENDED THE MEETINGS ANSWERED THE SURVEY AS WELL. BUT THIS WAS 2500 RESPONDENTS ACROSS THE CITY OF SAN ANTONIO. AND SO THESE ARE THE QUESTIONS THAT WERE ASKED. AND MAYBE IT'S A LITTLE SMALL ON THERE SO I'LL HELP WITH THE READING. HOW FAMILIAR ARE YOU WITH THE PROPOSED DOWNTOWN SPORTS AND ENTERTAINMENT DISTRICT. I MUST SAY BY THE TIME SOMEBODY GOT TO THIS QUESTION, THERE WAS A PREVIOUS QUESTION -- I'LL GO TO THE END. DID YOU WATCH THE VIDEO? SO THERE WAS A VIDEO EXPLAINER CREATED TO JUST GIVE EVERYONE THE BASIC LEVEL OF INFORMATION THAT WE THOUGHT WAS VALUABLE TO ANSWER THE SURVEY. SO BY THE TIME THEY GOT TO HERE THEY AT LEAST HAD THAT BASELINE LEVEL OF UNDERSTANDING AS THEY GAVE US THEIR INPUT. 
          HOW OFTEN DO YOU ATTEND LARGE EVENTS DOWNTOWN AND CONCERTS OR CULTURAL CELEBRATIONS LIKE FIESTA, DIWALI. RARELY WAS THE TOP ANSWER AND OCCASIONALLY. 
          HOW OFTEN DO YOU TRAVEL DOWNTOWN? THERE'S LOTS OF EFFORTS TO INCREASE THAT. WE HEARD THAT. WE WANT TO GET TO THESE EVENTS ON PUBLIC TRANSPORTATION AS MUCH AS POSSIBLE. THAT'S ACTUALLY ONE OF THE OTHER QUESTIONS THAT WERE ANSWERED. WHAT WOULD MAKE IT EASIER AND MORE ENJOYABLE FOR YOU TO TRAVEL TO EVENTS OR SPURS GAMES IN THE ENTERTAINMENT DISTRICT? PEOPLE COULD PICK MORE THAN ONE. SO THE TOP THREE WERE MORE CONVENIENT PUBLIC TRANSPORTATION OPTIONS, SAFER SIDEWALKS, AND IMPROVED STREET LIGHTING, AND ADDITIONAL PARKING. HOW IMPORTANT IS IT THAT THE SPORTS AND ENTERTAINMENT DISTRICT INCLUDE NEARBY AFFORDABLE HOUSING? VERY IMPORTANT WAS THE TOP ANSWER. SOMEWHAT IMPORTANT. 
          SO THOSE TWO WERE THE TOP TWO ANSWERS THAT WERE THE MAJORITY OF THE OTHER RESPONDENTS. 
          WHAT FACTOR WOULD MAKE YOU CONSIDER USING SOMETHING OTHER THAN A PERSONAL VEHICLE TO GET DOWNTOWN? SO THE TOP THREE. FASTER TRAVEL TIME. 
          LOWER COST THAN PARKING AND GAS. AND THEN LASTLY, MORE RELIABLE AND FREQUENT TRANSIT SERVICE. THE THEME IS PUBLIC TRANSIT SEEMS TO BE A KEY ELEMENT FOR THE RESPONDENTS AS A SOLUTION FOR THE TRAFFIC, AS A WAY TO MAKE IT A MORE ENJOYABLE WAY TO GET TO THE DISTRICT. HOW IMPORTANT ARE SPURS TO SAN ANTONIO CULTURE? I GUESS NO SURPRISE THERE. THE TOP ANSWER WAS VERY IMPORTANT. 
          OR SOMEWHAT IMPORTANT. THERE'S A HIGH PRIORITY AMONG THE COMMUNITY. 
          WHAT FACTOR WOULD MAKE YOU CONSIDER -- SORRY. WHAT CONCERNS, IF ANY, DO YOU HAVE ABOUT THIS PROPOSAL OR CHANGES IN THE SPORTS DISTRICT? SO INCREASED TRAFFIC AND CONGESTION. THAT WAS THE TOP ANSWER FOLLOWED BY RISING COSTS AND GENTRIFICATION. OKAY. 
          AND THEN LASTLY. WOULD YOU LIKE TO STAY INVOLVED WITH UPDATES? YOU KNOW, ANSWER WAS YES. AGAIN, THE CALLING FOR MORE COMMUNITY ENGAGEMENT AND CONTINUED TRANSPARENCY AND SHARED DECISIONS WAS A BIG PART OF IT AND THIS SHOWS THAT PEOPLE WANT TO STAY MORE INFORMED. WHAT TYPES OF AMENITIES WOULD ENHANCE YOUR OVERALL EXPERIENCE WHEN VISITING THE SPORTS AND ENTERTAINMENT DISTRICT? SO MORE DINING OPTIONS. WELCOMING PUBLIC SPACES. THIS JUST KIND OF GOT A REALLY GOOD, BROAD SPECTRUM OF THE WHOLE THING. YOU WERE ABLE TO CHOOSE UP TO FIVE HERE. ALL RIGHT. DID YOU WATCH THE VIDEO? WE TALKED ABOUT THAT. AND THIS IS A KEY ONE. NO PROPERTY TAXES FROM GENERAL TAXPAYERS WILL BE USED TO BUILD THE SAN ANTONIO ARENA. HOWEVER, WOULD YOU SUPPORT THE USE OF CITY BONDS TO IMPROVE TRAFFIC, WALKABILITY, AND PEDESTRIAN SAFETY FOR THE SPORTS AND ENTERTAINMENT DISTRICT IF THE SAN ANTONIO RESIDENTS WERE TO VOTE ON A CITY BOND? AND SO WE HAD THE TOP ANSWER BE YES AND THEN A TIE, THE OTHER 
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TWO ANSWERS WERE NO. UNSURE, WE NEED MORE INFORMATION. 
          AGAIN, FOCUSING ON NEEDING MORE INFORMATION, CONTINUED CONVERSATIONS WITH THE PUBLIC IS KEY. AND SO THAT WOULD THEN WITH SORT OF THE CONCLUSION OF THAT LAST ANSWER, WHICH IS SORT OF AN UNRESOLVED, LIKE WE NEED MORE INFORMATION AND WE WANT TO MAKE SURE WE PROVIDE IT. AND THEN NEXT, THE POLL RESULTS. 
          SO THIS POLL WAS GIVEN TO THE PARTICIPANTS OF THE FORUM. AND THE POLL ASKED IF WE COULD USE A MILLION DOLLARS TO ANYTHING YOU WANT -- THAT'S METAPHORICAL. 
          WE ALL KNOW IT'S NOT JUST A MILLION DOLLARS. IT'S SORT OF A WAY TO SET PRIORITIES. WHAT IS YOUR TOP PRIORITY IN THE USE OF RESOURCES THAT THE CITY COULD PROVIDE? AND SO HERE WE HAVE -- AGAIN, AN EXPLANATION HERE. 
          WE HAD AN ORIGINAL POLL RESULT WITH FEWER CHOICES. WE GOT SOME REALLY GREAT FEEDBACK FROM STAFF AND, AGAIN, WE ALWAYS SAY THIS AT THE BEGINNING. 
          WE ARE NEEDING -- WHENEVER WE SEE IMPROVEMENT, WE CAN PIVOT FROM INPUT FROM RESIDENTS. 
          SO PIVOTING AND IMPROVING THE EXPERIENCE AND THE INFORMATION WE GIVE YOU IS DEFINITELY SOMETHING WE'RE OPEN TO. SO WE DID THE ORIGINAL ONE IN D2, D4, D5, D7. 
          WE GOT THE TOP RESULT OF INCREASED AFFORDABLE HOUSING AS A TOP PRIORITY. 
          AND THEN AS WE EXPANDED THE POLL INTO MORE QUESTIONS, THEN THE TOP RESULT WAS ECONOMIC AND WORKFORCE DEVELOPMENT FOLLOWED BY AFFORDABLE HOUSING. AND SO THOSE -- THOSE WERE ROLLED OUT IN THE REST OF THE DISTRICTS. AND THE REPEAT FORUMS THAT WE HAD IN D8. AND -- I DIDN'T TALK ABOUT THIS BUT AS AN ASIDE, WE DID A GREAT ADDED FORUM FOR STUDENTS. WE CALLED IT STUDENT EDITION. THAT WAS A REALLY GREAT EXPERIENCE HEARING JUST FROM THE YOUTH. WE ENCOURAGE YOU TO SEE THE RESULTS FROM THAT IN YOUR REPORT. THAT WAS SORT OF INSPIRING TO SEE ALL THESE KIDS JUST INTERESTED IN GIVING FEEDBACK TO THEIR CITY LEADERSHIP ON THE PROJECT. SO, WHAT'S NEXT? THIS IS NOT A CONCLUSION. 
          THIS IS A STARTING POINT FOR A CONVERSATION. WE REALLY WANTED TO PROVIDE TO YOU A STRUCTURED REFLECTION OF WHAT WE HEARD TO HELP YOU MAKE THE DIFFICULT DECISIONS THAT YOU HAVE TO MAKE AS YOU ROLL THIS OUT AND A WAY TO GUIDE THOSE DECISIONS. 
          AND SO I'M HERE TO ANSWER QUESTIONS AND WE'RE HERE TO SUPPORT THE FOLLOW-UP OF THE CONVERSATION THAT I THINK THE COMMUNITY IS ASKING FOR AS THIS ROLLS INTO THE NEXT PHASE. 
          >> MAYOR JONES: THANK YOU FOR THE PRESENTATION. IF I MAY, JUST BECAUSE THERE WASN'T A Q&A PORTION AT ALL OF THOSE -- AND I NOTED THE ONES WHERE THERE WAS NOT ONE. 
          SO IF THAT COUNCIL MEMBER WAS PRESENT FOR THAT ABLE CITY SESSION AND WOULD LIKE TO PROVIDE SOME FEEDBACK BASED ON WHAT THEY HEARD AND SAW THERE, I WANT TO GIVE THOSE MEMBERS AN OPPORTUNITY. I SEE COUNCILWOMAN VIAGRAN WAS HERE BUT SHE HAS STEPPED ASIDE. COUNCILWOMAN CASTILLO, WOULD YOU LIKE TO SHARE ANYTHING 
          BASED ON THE SESSION YOU ATTENDED, IF YOU ATTENDED? >> CASTILLO: SURE. 
          A COUPLE OF MOVING PIECES. I APPRECIATE THE WORK THAT ABLE CITY DID WITH THE TIME-FRAME THAT THEY WERE ISSUED IN SCHEDULING MEETINGS WITH COMMUNITY ON A VERY SHORT NOTICE. AND WITH THAT, EACH COUNCIL DISTRICT WAS ASSIGNED A MEETING AND NOT NECESSARILY GIVEN THE FLEXIBILITY TO MOVE AROUND THE ASSIGNMENT FOR COMMUNITY ENGAGEMENT. WITH THAT, THE ASSIGNED DATE FOR DISTRICT 5 CONFLICTED WITH SOMETHING THAT WE HAD. SO I THINK THAT'S AN ISSUE THAT I DID BRING UP TO THE MAYOR DURING OUR ONE-ON-ONE. AND I DO THINK THAT, AGAIN GIVEN THE TIME-FRAME THAT ABLE CITY WAS GIVEN, YOU ALL PROVIDED THE BEST FACILITATION THAT Y'ALL COULD. 
          BUT I'LL GET INTO THE WEEDS IN TERMS OF THE SURVEY RESULTS WHEN I GET INTO MY COMMENTS. 
          THANK YOU, MAYOR. >> MAYOR JONES: I SEE THERE WAS NOT A Q&A SESSION AT DISTRICT 7. SO COUNCILWOMAN, DID YOU ATTEND THAT SESSION? 
          IF YOU DID, IF YOU WOULD LIKE TO SHARE COMMENTS. >> GAVITO: THANK YOU. 
          I DIDN'T, BECAUSE AS COUNCILWOMAN CASTILLO POINTED OUT, THEY WERE SCHEDULED WITHOUT US AND SO I HAD A PRIOR COMMITMENT TO A NEIGHBORHOOD ASSOCIATION. 
          >> MAYOR JONES: AND THEN COUNCILMAN WHYTE, I SAW YOU THERE. 
          SO, GO AHEAD. >> WHYTE: YES. AND THANK YOU, MAYOR FOR ATTENDING OUR DISTRICT 10 SESSION. I THINK THE SESSIONS WERE REALLY GOOD OVERALL. I THINK THE BIGGEST PROBLEM WITH THIS WHOLE THING FROM THE 
          [00:30:02]
BEGINNING HAS BEEN A LACK OF INFORMATION THAT HAS BEEN SHARED WITH THE PUBLIC. 
          BUT WE'RE FINALLY AT THE STAGE NOW WHERE THEY'RE GETTING THAT INFORMATION. 
          AND LORI DID A GREAT JOB ON THAT NIGHT OF PRESENTING THE FACTS TO MY CONSTITUENTS IN DISTRICT 10. I HEARD MANY COMMENTS AT THE END THAT NOW THAT FOLKS WERE UNDERSTANDING THE FINANCIAL STRUCTURE OF THE PROJECT, THAT THEY WERE MUCH MORE OPTIMISTIC THAT SOMETHING COULD BE DONE THAT THE WHOLE COMMUNITY COULD GET BEHIND AND SOMETHING THAT WOULD BENEFIT ALL OF SAN ANTONIO. SO I WAS PLEASED WITH HOW IT 
          WENT. THANKS. >> MAYOR JONES: THANKS FOR CLARIFYING THAT, COUNCILMAN WHYTE. THE ABLE CITY PRESENTATIONS DID NOT INCLUDE NUMBERS. THIS WAS AN IDEA OF HOW IT WOULD GO ABOUT BUT THERE WERE NOT HARD AND FAST NUMBERS ASSOCIATED WITH THE COSTS. CERTAINLY, THE CONTRIBUTION -- BY THAT TIME WE HAD NOT RECEIVED, FOR EXAMPLE, THE SPURS' LETTER ABOUT THEIR CONTRIBUTION NOR THE GUARANTEE FROM THE COUNTY WITH THEIR WILLINGNESS TO GO UP TO $399 MILLION, WHEN YOU INCLUDE THE $88 MILLION THAT THEY WOULD BE WILLING TO FOREGO TO LET THE SPURS OUT OF THEIR CONTRACT. I THINK IT'S HELPFUL THAT WE LEVEL SET IN TERMS OF THE INFORMATION THAT FOLKS DID HAVE AN OPPORTUNITY TO PROVIDE FEEDBACK ON. 
          AND A PIECE OF THAT INFORMATION WAS NOT HOW MUCH THIS WOULD COST AND DID NOT INCLUDE HOW 
          MUCH EACH WOULD BE ASKED TO CONTRIBUTE. >> WHYTE: WELL, IF I COULD, 
          MAYOR. >> MAYOR JONES: PLEASE. >> WHYTE: WE WERE ABLE, ON THAT NIGHT, TO LAY OUT THE BASIS OF THE STRUCTURE AND THE FACT THAT NO PROPERTY TAXES WOULD BE USED TOWARDS THE STADIUM. AND WE HAD AN IDEA ON THAT NIGHT OF, YOU KNOW, WHO WOULD BE PAYING WHAT. AND WE ALSO TALKED ABOUT THE 
          INFRASTRUCTURE PIECE. >> MAYOR JONES: I'M FAMILIAR, COUNCILMAN WHYTE. 
          NO, ONE SECOND. EXCUSE ME. WHILE I THINK IT'S REALLY IMPORTANT THAT WE TALK ABOUT LAYING OUT WHAT THE PFZ ACTUALLY IS, WHAT THE TIRZ ACTUALLY IS, WE DID NOT SPEND A LOT OF TIME CLARIFYING THAT FOR FOLKS. 
          I KNOW THERE IS A STATEMENT OUT THERE, YES, THAT THIS IS NOT COMING FROM THE GENERAL FUND. 
          I UNDERSTAND HOW FOLKS ARE MAKING THAT ARGUMENT. I UNDERSTAND THAT. 
          THAT DOESN'T NECESSARILY MEAN THAT MONEY THAT COULD GO INTO THE GENERAL FUND OR SOME PERCENTAGE OF THAT, THAT IS STILL, AGAIN, SOMETHING THAT WE CAN CLARIFY AND LEVEL SET FOR FOLKS BECAUSE JUST BECAUSE IT GOES INTO THE TIRZ DOESN'T MEAN IT COULD NOT ALSO COME INTO THE 
          GENERAL FUND. >> WHYTE: YEAH. WE DEFINITELY DIDN'T GO THAT 
          DEEP. >> MAYOR JONES: AND THAT'S THE IMPORTANT PART. 
          PEOPLE NEED TO KNOW HOW IT WOULD BE FINANCED. LET ME SAVE THE REST OF YOUR COMMENTS FOR YOUR TIME. OKAY. ERIK, DID YOU WANT TO GO 
          THROUGH ALL THE PRESENTATIONS AND THEN COMMENTS? >> WALSH: I WAS GOING TO 
          SUGGEST THAT, YES, MA'AM. JOHN KATZ. >> MAYOR JONES: LET ME AFFORD COUNCILWOMAN VIAGRAN THE OPPORTUNITY, FOR THOSE THAT WASN'T A FORMAL Q&A SESSION SO IF THERE'S SOME COMMENT YOU WANTED TO PROVIDE THAT, PLEASE DO SO, COUNCILWOMAN. 
          >> VIAGRAN: NO, I WANT TO THANK YOU FOR WHAT YOU DID AT OUR SESSION. 
          I THINK PEOPLE WERE ABLE TO KIND OF TALK AT THE TABLES. WHILE Q&A WOULD HAVE BEEN NICE, MY RESIDENTS WERE VERY GOOD -- I WAS THERE FOR A PORTION OF THE TIME -- OF EXPRESSING WHAT THEY WANTED. AND IT WAS WHAT YOU HIT ON. HOW ARE YOU GOING TO GET THERE, HOW MUCH IS IT GOING TO COST, AND THE OTHER ASPECT WAS THE CULTURE. 
          NO, MY RESIDENTS DID EXPRESS THEIR QUESTIONS TO ME AND CONTINUE TO DO SO. 
          SO, THANK YOU. 
          >> MAYOR, MEMBERS OF COUNCIL. MY PLEASURE TO BE HERE. I'D LIKE TO BEGIN TALKING BROADLY ABOUT THE GENERAL ECONOMIC IMPACT MODEL, THE FUNDING AND DEVELOPMENT MODEL THAT TENDS TO GOVERN THESE TYPES OF PROJECTS AND INCLUDING SAN ANTONIO. 
          AND I'M LOOKING AT IT IN THREE PERSPECTIVES. THE REVENUES THAT SUPPORT THE PROJECTS THAT WE STUDIED, WHICH REALLY WERE THE CONVENTION CENTER, THE ALAMODOME, NEW MUSIC VENUE. AND THEN SEPARATELY THERE'S GENERAL ECONOMIC DEVELOPMENT, HOUSING IN THE DISTRICT. BUT FROM A VENUE PERSPECTIVE, WE LOOK AT THOSE REVENUES. 
          THE FIRST ONE, THE HOTEL PFZ IS REALLY LEGISLATIVELY DEDICATED TO PUBLIC ASSEMBLY VENUES. 
          THE HOTEL OCCUPANCY TAX IS PAID BY THE VISITORS. THE MODEL BEING DEVELOPED IS LET'S GET THE VISITORS TO PAY, THROUGH THESE VARIOUS MECHANISMS, TO FUND A VARIETY OF PROJECTS FOR THE COMMUNITY. IN THIS CASE WE'RE LOOKING AT STAYING COMPETITIVE IN THE 
          [00:35:02]
CONVENTION INDUSTRY THROUGH INVESTMENT IN THE CONVENTION CENTER. 
          IMPROVING THE ALAMODOME FOR MAJOR EVENTS AND COMMUNITY BENEFIT. 
          IT IS AN AGING OLD STRUCTURE. SO IMPROVING IT JUST TO GET BACK TO GENERAL STANDARDS IS AN IMPORTANT ELEMENT. A NEW MUSIC VENUE THAT SLOTS INTO THAT 4,000 TO 5,000 SEATS INTO A GAP WE HAVE FOR ATTRACTING LARGE NUMBER OF THESE MID-SIZED CONCERTS TO THE MARKET. THEN AS I MENTIONED, THE BROADER DISTRICT ECONOMIC DEVELOPMENT THAT EXISTS AND CAN EXIST THROUGHOUT THE DISTRICT. THOSE ARE THE ASSETS THAT ARE BEING DEVELOPED THROUGH TAXES THAT ARE LARGELY VISITOR BASED. 
          THAT'S THE MODEL WE SEE THIS IN EVERY CITY WE GO TO. THE SPIN-OFF BENEFIT FOR THE PUBLIC SECTOR INCLUDES APPOINTMENT, WAGES, TAX REVENUES, QUALITY OF LIFE ASSETS FOR YOUR RESIDENTS AS THEY ATTEND THESE FACILITIES . AND THEN ECONOMIC DEVELOPMENT IN THE SENSE OF BROADENING THE TAX BASE. GROWING THE TAX BASE TO SUPPORT DEVELOPMENT WITHIN THE ENTIRE COMMUNITY. SAN ANTONIO IS A GROWING MARKET. SO THIS IS A MODEL THAT WE'LL SEE AND WE TEND TO SEE ALL OVER THE COUNTRY. WE ACTUALLY SEE IT HERE ALSO IN THE AIRPORT. 
          JUST LOOKING BACK AT EMPLANEMENTS OR AIR TRAFFIC DATA, WE'RE LOOKING AT 2 TO 5% GROWTH IN AIR TRAFFIC BUT A 9 TO 10% GROWTH IN THE BILLIONS OF DOLLARS SPENT ON THE AIRLINE INDUSTRY AND THE AIRPORT. AND THE REVENUE COMES FROM THE AIRLINE INDUSTRY THROUGH FEES. 
          SO YOU'RE USING THAT INDUSTRY TO FUND BILLIONS OF DOLLARS OF INVESTMENT, IN THIS PARTICULAR CASE, AIRPORTS. WE SEE THAT IN SAN ANTONIO WITH A $1.4 BILLION TERMINAL C PROJECT. $2.5BILLION OVER 20 YEARS. IT'S A MODEL WHERE WE TAKE THOSE PEOPLE THAT USE IT AND WE USE IT TO FUND THE ASSET. SO VERY SIMILAR AROUND THE COUNTRY. IT'S WHAT WE SEE PRETTY REGULARLY. 
          NOW LET'S GET INTO THE MATH. ECONOMIC IMPACT IS NOT A COMPLICATED SCIENCE. 
          IT'S A TIMES B TIMES C, ET CETERA, ET CETERA, ET CETERA. SO WHEN WE LOOK AT THIS, WE START WITH THE NEW EVENTS THAT MIGHT BE ATTRACTED TO THE VENUES. 
          WHO ARE WE GOING TO BRING IN THAT WE'VE BEEN LOSING. WHAT WILL THIS INVESTMENT IN A CONVENTION CENTER, A STADIUM, ARENA, MUSIC VENUE, WHAT WILL THESE INVESTMENTS DO IN TERMS OF BRINGING NEW EVENTS TO OUR MARKET? HOW MANY ATTENDEES WILL WE GENERATE? AND OF THAT, WHICH SHARE OF THESE ATTENDEES ARE NEW TO OUR COMMUNITY. AND OUR MODELS, WE'VE BASICALLY LOOKED AT THE NEW CONVENTION ACTIVITY. . WE'VE TAKEN 29 TO 37% OF IT AND WASHED IT OUT OF THE MODEL. THE THEORY IS EVEN IF IT'S A BIG CONVENTION WE MAY BE ATTRACTING ATTENDEES FROM THE REGIONAL AREA. IF SOMEBODY COMES FROM 15, 20, 30 MILES AWAY TO GO TO AN EVENT, THEY'RE NOT STAYING AT A HOTEL. 
          WE'RE TRYING TO BE CONSERVATIVE IN THE SENSE THAT IT'S THE NEW VISITORS THAT MIGHT COME TO THE MARKET. I LOOK AT CONSUMER SHOWS -- YOU HAVE PROBABLY ALL BEEN TO AN AUTOSHOW OR HOME AND GARDEN SHOW, 90% OF THE IMPACT WE WASH OUT OF THE MODEL. 
          IF IT'S AN ENTERTAINMENT EVENT AT THE CONVENTION CENTER OR A SEMINAR OR SOMETHING LIKE THAT, 
          99% OF THAT GETS WASHED OUT OF THE MODEL TO MAKE >> TO MAKE SURE WE'RE JUST FOCUSING ON THOSE IMPACTS NEW TO THE COMMUNITY. 
          THEN WE MULTIPLY THAT BY SPENDING PER CAP TAAS USING -- CAPITAS, AND THAT GETS US, THE UPPER RIGHT, THE NEW SPENDING, THE EXHIBITORS AND THE PROMOTORS, THE ATTENDEES. WHAT WE'RE CAREFUL ABOUT IS MAKING SURE WE'RE NOT -- WE'RE NOT MISSING SOMETHING THAT MIGHT LEAD US AWAY FROM THE NOTION OF NET NEW. SO AS I MENTIONED EARLIER, WE'RE NOT COUNTING SPENDING MY LOCALS. 
          WHEN I LOOK AT THE EVENT DAYS THAT MIGHT COME FROM THE CONVENTION CENTER, HOW LONG AN EVENT MIGHT LAST -- DOWN A LITTLE BIT. SOME MARKETS WE MAKE A COUNTERADJUSTMENT, WE DID NOT HERE, TO INCREASE THE LENGTH OF STAY, COMING EARLY, STAYING A LITTLE LATE FOR LEISURE. WE'RE SAN ANTONIO, WE HAVE THE ABILITY, AND WE DO DO THAT. WE HAVE NOT INCLUDED ANY OF THAT COME EARLY, STAY LATE IMPACT. NOT ALL SALES ARE TAXABLE. 
          IF IT'S A TAX EXEMPT GROUP, THAT'S FIVE TO 10% HAIRCUT RIGHT THERE. THERE IS POTENTIAL DEVELOPMENT WITHIN THE DISTRICT, WITHIN ACROSS I-37, IN THE LOTS AROUND THE ALAMODOME, AND WE'RE NOT INCLUDING THAT. WE HAVE SEEN PLANS THAT SHOW RESIDENTIAL, RESTAURANT, ENTERTAINMENT DEVELOPMENT, WITHIN THE DISTRICT, AROUND THE EXISTING CONVENTION CENTER, POTENTIAL NEW MUSIC CENTER, ARENA, BUT THE PLANS FOR THE OTHER SIDE OF THE 'DOME HAVE NOT BEEN FLESHED OUT. 
          IN ADDITION, I SUPS PECT, AND YOU PROBABLY WOULD ALL AGREE, AS THIS PROJECT TAKES PLACE, IF IT DOES, DEVELOPMENT ON PARCELS AROUND THE DISTRICT WILL ALSO MOVE FORWARD. NOT ALL ATTENDEES USE 
          [00:40:07]
HOTELS. ANOTHER 5 TO 10% HAIRCUT AND WE DON'T COUNT PROPERTY TAXES IN OUR MODELS. SO WITH THAT, THE CONCEPT 
          OF -- >> MAYOR JONES: SIR, IF I MAY, CAN YOU GO BACK TO YOUR METHODOLOGY, I THINK WOULD BE HELPFUL TO SHAPE THE REST OF YOUR PRESENTATION, CAN YOU OUTLINE THE ASSUMPTIONS THAT YOU MADE? 
          >> I HAVE SNIPPETS OF THEM HERE, THEY'RE IN THE FULL REPORT THAT YOU HAVE NOT SEEN YET. BUT AS WE GET THE ECONOMIC IMPACT AND THE PROGRAM NUMBERS FINALIZED NEXT WEEK, YOU'LL SEE ALL OF THEM. 
          I CAN CERTAINLY WALK YOU THROUGH A LOT OF THE ASSUMPTIONS. 
          >> MAYOR JONES: SO THERE'S ANOTHER FORTHCOMING ECONOMIC 
          ANALYSIS REPORT? >> THERE'S A FULL REPORT -- FOR EXAMPLE, THE CONVENTION CENTER, THE FUEL FEASIBILITY STUDY. 
          IN THAT REPORT, WE TALK ABOUT THE  EVENTS AND THE ATTENDANTS, THOSE KIND OF METRICS THAT DRIVE THE ECONOMIC IMPACT. I'LL GET TO THAT IN THE 
          CONVENTION CENTER SLIDE. >> MAYOR JONES: THAT'S REALLY HELPFUL, I THINK IN THE DISTRICT, ONE OF THE ASSUMPTIONS WE'D HAVE TO MAKE, BASED ON WHAT YOU'RE GOING TO PRESENT, FOR EXAMPLE, IS WHETHER THE SPORTS AND ENTERTAINMENT DISTRICT CAN, IN FACT, SUPPORT TWO COMPETING ARENAS, SO WE HAVE TO ASSUME THAT IS THE CASE TO ALLOW FOR THE REST OF YOUR ANALYSIS TO BE JUSTIFIABLE. IS THAT -- SO IS THAT A KEY ASSUMPTION YOU MADE? 
          >> IT IS. >> MAYOR JONES: OKAY. >> AND WE LOOKED AT THE ENTIRE LANDSCAPE OF MUSIC ENTERTAINMENT VENUES IN SAN ANTONIO, AND, YEAH, THE BIG DADDY IS THE ALAMODOME, 65, 70,000 SEATS. 
          IF YOU LOOK AT ANY PROFESSIONAL SPORTS ARENA, AND THEY'RE IN THAT 19, 20,000 SEAT RANGE. WE HAVE A COUPLE OF VENUES, MOODY GARDENS AMPHITHEATER, FOR EXAMPLE, THAT ARE IN THAT SMALLER SHARE, BUT NOT A LOT. AND THAT'S WHERE WE PLAY. SO, IMAGINE, GOING FROM 60 NOW TO 20,000, WE'RE FOUR TO FIVE. SO WITH RESPECT TO THOSE THREE VENUES, IT'S A NICE PROGRESSION. IN A DREAM WORLD, IF I'M A MUSIC PROFESSIONAL, I MAY START AT THE NEW MUSIC VENUE AND I MAY GRADUATE TO THE NEW ARENA AND THEN I MAY GRADUATE SOME DAY TO DOING A STADIUM TOUR. 
          SO THEY'RE ALL THREE DIFFERENT MARKETS WITHIN THE SAME GENERAL INDUSTRY. SO WE HAVE LOOKED AT THAT CAREFULLY, AND THAT WILL BE ALL LAID OUT IN THE REPORT. SO ECONOMIC IMPACT, WE KNOW THAT THAT IS RESPENT. SO IF THE FRONT DESK MANAGER HAS TO TAKE HER DAUGHTER TO A DOCTOR, THEY'RE SPENDING FACT THAT SHE'S EMPLOYEDE- INTO OTHER SECTORS, THE CONCIERGE AT A RESTAURANT MAY HAVE TO GET HIS CAR FIXED, SO THERE'S A RESPENDING OF DOLLARS THAT MOVE INTO WAGES FOR THE HOSPITALITY INDUSTRY THAT IMPACTS THE ENTIRE ECONOMY, THAT'S PART OF THE INDUCED AND DIRECT SPENDING. 
          WE TALK ABOUT THIS NOTION OF DIRECT OUTPUT IN THE MIDDLE, THAT'S WHAT IT IS. SO THE PROBABILITIES WE'RE LOOKING AT, WE'VE STUDIED FOUR OF THEM. THE ALAMODOME IMPROVEMENT, THE NEW MUSIC VENUE. WE'VE ALSO LOOKED AT NOT THE FEASIBILITY BUT THE IMPACT OF PROPOSED DEVELOPMENT THROUGHOUT THE DISTRICT. 
          THE ARENA'S ANOTHER PROJECT THAT WE HAVE NOT STUDIED IN DETAIL, BUT I'LL LEAVE THAT FOR COMMENTS LATER. LOOKING AT THE CONVENTION CENTER, WE ARE LOOKING AT -- LET ME -- I MISSED A PAGE HERE. 
          WE ARE LOOKING AT -- IN TERMS OF THE EXPANSION PROGRAM, I THINK YOU PROBABLY HAVE NOT SEEN ALL OF THIS IN DETAIL, BUT GENERALLY SPEAKING WHAT'S HAPPENING IS YOU'RE FAMILIAR WITH SOME OF THE HALLS, BRIDGE HALL AND A COUPLE OTHER SPACES, WE'RE GOING TO REMOVE THOSE AND CREATE A BRANDS NEW HALL FIVE AND EXPAND IT A LITTLE BIT. WE GO FROM HAVING FIRST CLASS STATE OF THE ART SPACE, SUBSTANDARD SPACE TO COMBINING IT ALL TO FIRST CLASS SPACE AND EXPANDING IT A LITTLE BIT. 
          WE'RE LOOKING AT, I THINK IT'S 74% OCCUPANCY IN OUR EXHIBITED SPACE NOW -- EXHIBIT SPACE NOW IN 2025. IN FAIRNESS, THAT INCLUDES SOME ACTIVITY FROM THE FINAL FOUR. IF I TAKE THAT OUT, WE'RE STILL AT 68% OCCUPANCY IN THAT EXISTING EXHIBIT SPACE. 
          WE THINK THERE'S ROOM TO INCREASE EVENT ACTIVITY. WE ALSO KNOW THAT EVEN THOUGH WE'RE AT 68, 70, 74% OCCUPANCY, WHICH IS INCREDIBLY HIGH, BY THE WAY, WE'RE NOT ENTITLED TO THAT. WE SIMPLY -- NO MARKET IS. THIS ISN'T A SAN ANTONIO PERSPECTIVE. 
          BUT NO MARKET CAN SIT THERE ON A PRODUCT OR A PARTICULAR SERVICE OR WHATEVER IT MIGHT BE AND NOT INVEST TO MAKE THEIR FUTURE. 
          WE KNOW THAT IN DALLAS, THEY'RE LOOKING TO SPEND 3.3 TO $3.5 BILLION ON REINVENTING THEIR ENTIRE DISTRICT, TO BE DETERMINED, IT'S UNDERWAY NOW, USING THE PFZ MONEY. AUSTIN'S 1.6 BILLION. 
          FORT WORTH IS 780 MILLION, AND HOUSTON PHASE 1 IS 1.8 BILLION. 
          SO IN TEXAS, -- AND THE WHOLE WORLD IS WATCHING THIS, THIS IS REALLY AN AMAZING PHENOMENON WITH THE PFZ MONEY, THEY'RE LOOKING AT $7.5 BILLION 
          [00:45:05]
IN INVESTMENT. IF YOU WANT TO RETAIN YOUR MARKET SHARE, LET ALONE INCREASE IT A LITTLE BIT, THIS IS -- YOU WOULD HAVE TO STEP UP. YOU CAN'T SIMPLY REST ON YOUR LAURELS. 
          I THINK OF OTHER INDUSTRIES, JUST NOT A CONVENTION CENTER QUESTION OR ARENA QUESTION OR A STADIUM QUESTION, IF I'M INVENTING THE NEXT IPHONE OR THE NEXT CAR AND YOU GO TO FORD AND SAY STOP YOUR INVESTMENT IN CREATING NEW PRODUCT AND IMPROVING, OR APPLE, SAME QUESTION. IT JUST DOESN'T WORK THAT WAY. 
          WE ALWAYS HAVE TO CONTINUE TO INVEST TO STAY COMPETITIVE. 
          WORLD'S CHANGING, HOW PEOPLE LEARN ARE CHANGING. 
          CONVENTION CENTERS ARE RESPONDING TO THAT. AND WITH THE COMPETITION THAT'S GOING ON, IN ORDER FOR US TO MAINTAIN AND POTENTIALLY INCREASE OUR IMPACT A LITTLE BIT, WE'RE GOING TO HAVE TO DO SOMETHING. 
          WE'RE LOOKING AT -- THE NEXT SLIDE -- WHEN I TALK ABOUT SOME OF THE AS ASSUMPTIONS, WE'RE TALKING ABOUT A 16% INCREASE. 
          WE'RE LOOKING IN EXCHANGE FOR THE INVESTMENTS YOU MAKE ABOUT A 16% INCREASE. UNDER THE DO-NOTHING SCENARIO, WORKING WITH VISIT SAN ANTONIO AND KIND OF CONTRACTING SOME OF THE -- AUDIO] -- PROBABLY AT 11% DECLINE. SO THE GAP THERE IS REALLY ABOUT A 25 PERCENTAGE POINT CHANGE IN OUR BUSINESS FOR BETTER OR FOR WORSE. WHEN I BUILD THOSE ASSUMPTIONS INTO IF CALCULATIONS THAT WE KIND OF WALK THROUGH A LITTLE BIT IN TERMS OF THE BIG PICTURE, WE'RE LOOKING AT ABOUT $108 MILLION IN NET NEW DIRECT SPENDING, YOU CAN SEE THAT ON THE BOTTOM THERE. THAT BLENDS THAT 16% INCREASE AND THE 11% DECREASE WITH THE INDIRECT AND INDUCED SPENDING, THAT ADDS ANOTHER 97, SO WE'RE LOOKING AT $205 MILLION ANNUALLY, MATURE YEAR OF OPERATION, OF NET NEW DIRECT SPENDING AND TOTAL OUTPUTS FOR THE COMMUNITY. NOW, THIS IS A 30-YEAR FINANCING, OVER A 30-YEAR PERIOD IT'S 8.3 BILLION, EIGHT TIMES 30. 
          IT'S NOT HARD. BUT THAT'S A LITTLE BIT OF CHEATING, BECAUSE WE'RE COUNTING INFLATION IN THOSE NUMBERS. WE CAN'T DO THAT FOR TRUE ECONOMIC IMPACT ANALYSIS PERSPECTIVES, WE HAVE TO DEFLATE YEAR 30, 29, 28, ET CETERA, BACK TO $25, AND THAT'S WHERE YOU GET THAT $4.2 BILLION OF 30-YEAR COMBINED TOTAL OUTPUT AS A RESULT OF THE INVESTMENT OF THE CONVENTION CENTER. AGAIN, THAT'S NOT ALL NEW -- FROM WHERE WE'RE AT TO DAY, BUT IT'S NEW FROM WHERE WE'D GO IF WE DID NOTHING. 
          AND THE ROI OF THIS IS IT'S AN INTERESTING DISCUSSION. 
          THIS IS NOT A CLASSIC CARBON CASCASH ON CASH RETURN ON INVESTMENT. WE'RE ASKING THE VISITORS TO PAY FOR THIS. 
          WHAT IS THE RETURN ON INVESTMENT FOR THE CITY. I LOOK AT IT MORE AS AN IMPACT METRIC. IF YOU WANTED TO YOU COULD TAKE THE $2.2 MILLION OF DIRECT SPENDING, I'M NOT EVEN GOING TO COUNT THE INDIRECT AND INDUCED, AND YOU COULD MARRY THAT WITH THE 750 MILLION THAT'S BEEN PROPOSED FOR THE PROJECT, AND YOU END UP WITH A RATIO OF NEW DIRECT SPENDING TO INVESTMENT OF 2.93. AGAIN, THAT'S NOT A RETURN ON INVESTMENT, THIS IS NOT CASH ON CASH. 
          ALL THE FINANCING GURUS OUT HERE ARE GOING TO SAY WHAT ARE YOU DOING HERE? BUT IT IS A USEFUL METRIC FOR A COMMUNITY TO UNDERSTAND HOW MUCH ECONOMIC DEVELOPMENT WE'RE GETTING IN EXCHANGE FOR THE VISITOR PAID FOR, $750 MILLION IN CONVENTION ASSETS IN THAT PARTICULAR CASE. 
          NOW, WE SHIFT TO THE ALAMODOME AND IT'S QUITE A DIFFERENT STORY. 
          WE'RE LOOKING AT FAIRLY -- I WOULD SAY MODEST INVESTMENTS OVER THE NEXT 10, 12 YEARS, PERHAPS $100 MILLION. WHAT'S THAT'S DOING FOR US, THE FF & E, FURNITURE, FIXTURE AND EQUIPMENT WILL BE IMPROVED. THIRD-PARTY EVENT SPACES, DIGITAL PLACE MAIKSING INVESTMENTS, A TREND-FORWARD DEVELOPMENT AND UPGRADING THE ENTRY PLAZA. SO BASICALLY A 10-YEAR PLAN TO IMPROVE OUR PLACE IN THE INDUSTRY RELATIVE TO SOME OF THESE BRAND-NEW SPARKLING NFL STADIUMS, FOR EXAMPLE. WE'RE NOT GOING TO GET THERE. 
          BUT IF WE DO NOTHING, WE'RE GOING TO CONTINUE TO DEGRADE, THE BUILDING FROM AN EXPERIENCE PERSPECTIVE IS VERY CHALLENGING, THE LINES ARE LONG FOR FOOD, THE RESTROOM LINES ARE LONG, IT JUST DOESN'T WORK AS EFFECTIVELY AS IT COULD. AND THIS PLAN IS DESIGNED TO SET A BUDGET FOR INVESTMENT TO CONTINUE TO IMPROVE THE VENUE. AND THEN IDEALLY WHAT HAPPENS AFTER THAT, AFTER THAT PERIOD OF TIME, WE'RE LOOKING AT DIPPING BACK INTO THE FINAL FOURS, MAYBE ADDING THE COLLEGE FOOTBALL PLAYOFFS, THE CHAMPIONSHIP, NBA ALL-STAR GAME, WE'RE NOT THERE YET WITH THIS INVESTMENT, BUT WE'VE KEPT THE BUILDING IN THE GAME SO THE NEXT GENERATION WE CAN START ATTRACTING THOSE EVENTS. 
          NONE OF THOSE EVENTS ARE IN OUR ECONOMIC IMPACT NUMBERS. 
          SO WHAT IS OUR INCREMENTAL IMPACT? AND HERE'S THE GOOD 
          [00:50:04]
NEWS/BAD NEWS. YOU'RE DOING A REALLY GOOD JOB. 
          MANAGEMENT'S DOING WELL OF ATTRACTING LARGE STADIUM CONCERTS AND STADIUM ENTERTAINMENT EVENTS. THEY'RE GETTING THEIR SHARE OF THOSE EVENTS, SO EVEN WITH THE $100 MILLION INVESTMENT WE'RE TALKING ABOUT, WE'RE NOT LOOKING AT DOUBLING OUR BUSINESS. 
          WE MAY GET ONE EXTRA CONCERT, ONE EXTRA INTERNATIONAL SOCCER MATCH, BUT THAT'S KIND OF WHERE WE'RE GOING TO LEVEL OFF. 
          SO YOU'LL SEE THE IMPACTS, 13 MILLION DIRECT AND $11 MILLION, $12 MILLION IN INDIRECT ARE NOT MASSIVE, BUT WHAT IT, AGAIN, IS DOING IS KEEPING OUR BUILDING IN THE GAME, SO TO SPEAK, FOR THE NEXT 10 YEARS, PREVENTING IT FROM DETERIORATING AND VERY IMPORTANTLY OFFERING THE COMMUNITY A BETTER ASSET TO EXPERIENCE LIVE S ENTERTAINMENT. 
          NOW, I'LL -- ONE MORE THING ON THAT RATIO WE TALKED ABOUT, I DID JUST DO THE QUICK MATH, AND IF IT IS 100 MILLION OVER 10, 12 YEARS AND WE'RE GENERATING 259 MILLION IN DIRECT SPENDING, RELATIVELY SPEAKING, 259 IS NOT A HUGE NUMBER, BUT 100 MILLION IS A LOT LESS THAN SOME OF THESE OTHER PROJECTS, SO OUR RATIO'S ACTUALLY NOT BAD OF WHAT WE'RE SPENDING VERSUS WHAT WE'RE GETTING IN NEW SPENDING IN THE COMMUNITY. 
          MUSIC -- I'M SORRY, MUSIC VENUE, AGAIN, THIS FILLS THAT GAP -- I JUST JOTTED THESE DOWN, THE SUNKEN GARDEN AMPHITHEATER, R & J DANCE HALL PAVILION, THERE ARE A FEW VENUES IN THAT 35,000 SEAT RANGE, WHAT THIS SUPPOSES, WE'RE REPURPOSING AN EXIST K BUILDING THAT HAS NO PURPOSE TODAY INTO A VENUE THAT'S MUCH MORE STATE OF THE ART FOR THIS GROWING SEGMENT OF THE CONCERT AND ENTERTAINMENT INDUSTRY. 
          IT IS A HUGE MARKET, AND WE GET SOME OF IT, BUT WE COULD DEFINITELY GET MORE OF THAT IF WE WERE TO INVEST IN THAT. WE HAVE TALKED TO SOME OF THE PROMOTORS THAT OPERATE THESE KIND OF VENUES THAT PUT EVENTS IN THERE, AND THEY'RE INCREDIBLY EXCITED. SOME ARE TALKING ABOUT WE COULD DO 80 NEW CONCERT AND ENTERTAINMENT EVENT AS YEAR AND THIS KIND OF THING. WE'VE TAKEN A HAIRCUT ON THAT A LITTLE BIT, I THINK THAT MIGHT BE A LITTLE AGGRESSIVE, BUT WE'RE RUNNING A WHOLE SERIES OF THESE EVENTS, FILLING THAT GAP IN SPACE, NOT COMPETING WITH THE NEW NBA ARENA, CERTAINLY NOT COMPETING WITH THE 70,000 SEAT DOME BUT SERVING OUR NICHE WITH RESPECT TO THAT CONCERT AND ENTERTAINMENT BUSINESS, AND IF WE LOOK AT WHAT'S HAPPENING IN TERMS OF THE IMPACTS, AGAIN, THEY'RE SOMEWHAT MODEST. 13MILLION IN DIRECT SPENDING AND 12.7 MILLION IN OUTPUT ON AN ANNUAL BASIS.  YOU'LL NOTICE, THAT'S ACTUALLY LESS THAN THE 'DOME, THE ALAMODOME. 
          WHY IS THIS LITTLE VENUE MORE IMPACTFUL THAN THE 'DOME? IT'S NOT. NOT EVEN BY A STRETCH. THE NEW BUSINESS TO THE 'DOME ISN'T AS IMPACTFUL AS THE NEW BUSINESS TO THIS VENUE, BECAUSE WE'RE ABLE TO GET DOZENS AND DOZENS OF CONCERTS THAT CAN COME TO THE MARKET NOW, WHEREAS WE'RE ONLY ABLE TO GET ONE OR SO LARGE CONCERT AT THE 'DOME. SO THAT'S WHY WE'RE SEEING THAT. 
          AGAIN, IT'S A MODEST IMPACT ON AN ANNUAL BASIS, $26.5 MILLION A YEAR ACCUMULATING TO 639 MILLION OVER THE COURSE OF THE 30-YEAR PERIOD. NOW WE LOOK AT THE MIXED USE DISTRICT ITSELF, AND YOU CAN SEE SHADED THERE WHAT WE'RE COUNTING, AND YOU CAN ALSO SEE BY VIRTUE OF THAT WHAT WE'RE NOT COUNTING. YOU DON'T SEE DEVELOPMENT AROUND THE 'DOME, YOU DON'T SEE ANY DEVELOPMENT OUTSIDE OF THIS SPACE, BUT JUST TALKING ECONOMIC DEVELOPMENT AND TALKING TO CITY MANAGE GHT, THERE'S A TREMENDOUS AMOUNT OF INTRIS IN DEVELOPING ALL AROUND THIS DISTRICT. THE DISTRICT ISN'T T SOLE FACTOR THAT MIGHT SPUR THAT, WE'RE NOT COUNTING ANY OF THAT. WE'RE TALKING 1920 RESIDENTIAL UNITS, A COUPLE OF HOTELS, 223 223 SQUARE FEET OF OFFICE SPACE IN SOME SENSE TO DESIGNED TO COMPLIMENT THE 'DOME. 
          I KNOW IN THE PREVIOUS SESSION, TALKING ABOUT COMMUNITY OUTREACH, UNIQUE AND AUTHENTIC IS HUGE. AND FOR US, THIS WILL BE -- THIS HAS TO BE INFUSED WITH THAT. I SAY THAT BECAUSE THE CONVENTION ATTENDEES ARE LOOKING FOR THAT. I DON'T WANT TO COME TO SAN ANTONIO AND NOT KNOW IF I'M IN CLEVELAND OR ANY PLACE, I WANT TO KNOW I'M HERE. AND WHEN YOU TIE IN THE ESSENCE OF WHAT'S HAPPENING WITH LA VILLITA AND LA MERCADO, ALL THE THINGS YOU HAVE ARE WHAT THEY WANT IN MAKING SURE THAT'S PART OF THIS IS ALSO VERY, VERY IMPORTANT. NOW, THE NOTION OF NET NEW, WE HAVE LOOKED AT THE POPULATION GROWTH PROJECTIONS, WE'VE LOOKED AT THE GREATER AFFINITY FOR PEOPLE TO LIVE DOWNTOWN, IT'S BECOMING A THING. 
          SO WHEN WE LOOK AT THE NEW RESIDENTS COMING IN, WE'VE TAKEN 40% AND ELIMINATED IT. WE'VE KEPT THE 60. THE 40% MIGHT BE SOMEBODY MOVING FROM SOMEWHERE ELSE INTO THIS DISTRICT, AND THE PRAIS PLACE THEY MOVED FROM IS NEVER FILLED AGAIN. SO WE'VE TAKEN SOME HAIRCUTS THERE. WE'VE ALSO TAKEN SOME SIMILAR HAIR KUTDS ON ANY DOLLARS SPENT ON RESTAURANTS, RETAIL, HALF OF THAT JUST WASHES OUT 
          [00:55:02]
OF THE MODEL BECAUSE WE DON'T WANT TO COUNT DISPLACEMENT FROM ANOTHER VENUE TO HERE. OKAY. SO WITH ALL OF THAT, WE 
          LOOK AT THE -- >> MAYOR JONES: CAN YOU GO BACK TO THE PREVIOUS SLIDE, BECAUSE HERE'S AN ASSUMPTION THAT YOU'VE BEEN EXPLICIT ABOUT. 
          WHY DID YOU ASSUME THAT NUMBER OF RESIDENTIAL UNITS VERSUS A DIFFERENT 
          NUMBER? >> YEAH. SO, AGAIN, WE DIDN'T DO THE FEASIBILITY STUDY, WE HAVEN'T STUDIED THIS, BUT THERE ARE FIRMS THAT HAVE DONE THIS, WE'VE TALKED TO THEM AND THEIR CLIENTS AND WE SIMPLY TAKE WHAT THEY'VE GIVEN US. HERE'S WHAT WE THINK WE WILL DEVELOP OVER THE NEXT 12 YEARS. THAT'S WHAT THIS IS. OKAY. 
          AND NOW WE LOOK AT THE IMPACTS OF THAT. IF I TAKE -- JUST IMAGINE YOU'RE A YOUNG PROFESSIONAL, YOU MOVE INTO THE DISTRICT AND YOU'RE SPENDING MONEY IN THE EVENINGS, YOU'RE SPENDING MONEY RETAIL IN THE AREA, THAT'S NEW SPENDING IF YOU'RE A NEW PERSON TO SAN ANTONIO. 
          SAME THING WITH RESTAURANTS, SAME THING WITH OFFICE WORKERS, AND IF I TAKE ALL OF THAT, WE'RE AT $178 MILLION IN NET NEW DIRECT SPENDING BY VIRTUE OF THE RESIDENTS, OFFICE WORKERS, RESTAURANT ACTIVITY, RETAIL ACTIVITY, ET CETERA. AND THAT LEVERAGES UP TO 277.8 MILLION. AND IF YOU LOOK AT THAT OVER 30 YEARS IT'S $4.1 BILLION. SO IT'S A SUBSTANTIAL AMOUNT OF IMPACT. 
          THE FINANCING, AGAIN, WE'RE NOT LOOKING AT THIS AND HOW THAT RELATES. 
          I'M MORE COMFORTABLE WITH THE CONVENTION CENTER, MUSIC VENUE AND THE ALAMODOME AND HOW THEY'RE PAID FOR WITH VISITOR TAXES, BUT I THINK A SUBSTANTIAL PORTION OF THIS IS PRIVATE DEVELOPMENT, SO THERE'S SOME DISCUSSION AS TO HOW MUCH OF THIS IS PUBLIC/PRIVATE, BUT THAT'S TO BE DETERMINED. BUT STILL, A SUBSTANTIAL AMOUNT OF IMPACT. 
          GETTING TO THE END HERE, I MENTIONED THE NEW SPURS ARENA AND AS I SAID, WE HAVE NOT STUDIED THIS AT ALL, BUT WE HAVE SEEN STUDIES THAT YOU JUST RECEIVED THAT SHOW THE NET NEW DIRECT SPENDING IS AROUND $225 MILLION A YEAR. WE HAVE, THROUGH OUR PROFESSIONAL SPORTS ANALYST, IT'S NOT MY DEPARTMENT, BUT WE DO HAVE A PROFESSIONAL SPORTS DEPARTMENT, THEY RECENTLY CONDUCTED A STUDY IN MILWAUKEE THAT SHOWED, I WANT TO SAY, 186, 87, IN SAME YEAR DOLLARS, MILLIONS OF DIRECT SPENDING. THAT'S MILWAUKEE. WE'RE SAN ANTONIO, SO THE STUDY DID NOT SEEM TO BE SUBSTANTIALLY OUT OF LINE WITH RESPECT TO THOSE NUMBERS, SO WE'RE -- WE WERE WILLING TO PRESENT THEM IN HERE. 
          I WILL TELL YOU POINT BLANK IF THERE ARE NUMBERS THAT WE'RE NOT COMFORTABLE WITH, THEY WOULD NEVER SEE THE LIGHT OF DAY IN THIS REPORT. 
          SO WE DIDN'T DO THE STUDY, I CAN'T TELL YOU WE WOULD HAVE COME UP WITH 225. IT PROBABLY WOULD HAVE BEEN IN THAT BALLPARK, SO WE AGREED THAT WE WOULD INCLUDE IT IN THIS STUDY. 
          NEXT WE START PUTTING IT ALL TOGETHER. THIS DOES NOT INCLUDE THE ARENA. IF I LOOK AT THAT DIRECT SPENDING NUMBER, 313 MILLION IN DIRECT SPENDING FROM THE CONVENTION ATTENDEES ATTENDEES FROM THAT PERSON GOING TO A SMALL CONCERT,  FROM THE PERSON GOING TO THE NEW CONCERT AT THE ALAMODOME OR THE INTERNATIONAL SOCCER MATCH, FROM THAT YOUNG PROFESSIONAL MOVING TO SAN ANTONIO AND LIVING DOWNTOWN, WORKING IN THE DISTRICT FROM OUT OF TOWNERS COMING TO THE RESTAURANTS AND THE UNIQUE RETAIL, ALL OF THOSE THINGS ACCUMULATE TO 313 MILLION DIRECT SPENDING, 5.4 BILLION OVER 30 YEARS, AND IF YOU LOOK AT THE ECONOMIC OUTPUT, TOTAL OUTPUT, WHICH IS THE DIRECT SH INDIRECT AND INDUCE, IT'S 9.4 BILLION. OF THAT, THIS IS NOT ADDITIVE, OF THE 9.4 BILLION, 2.6 WOULD BE IN EARNINGS, THAT WOULD SUPPORT 3360 JOBS OVER THE COURSE OF THE PERIOD. 
          AND THEN CITY TAX COLLECTIONS ON A NET PRESENT VALUE BASIS OF 182 MILLION. AND, AGAIN, GOING BACK TO THAT MODEL -- AND I'M NOT SAYING IT WORKS THIS WAY PERFECTLY, BUT IF THERE'S A WAY TO GET THE VISITOR INDUSTRY TO PAY FOR THESE ASSETS AND YOU END UP POCKETS 182 MILLION BECAUSE OF IT, THOSE ARE THE THINGS THAT THE MARKETS WE WORK IN ALL OVER THE COUNTRY ARE LOOKING TO DO. LAST TWO SLIDES. 
          CONSTRUCTION IMPACT, WE DON'T KNOW WHAT THE CONSTRUCTION COSTS ARE GOING TO BE ULTIMATELY. SO WE LOOKED AT IT FROM THE PERSPECTIVE OF IF YOU SPEND A BILLION DOLLARS LOOKING AT THE SHARE OF THAT BILLION DOLLARS THAT MIGHT BE SPENT ON LOCAL LABOR, LOCAL SUPPLIES, WORKING WITH SOME OF THE BEST COST ESTIMATORS IN THE COUNTRY, WE'VE ESTIMATED 665 MILLION OF THAT BILLION WILL BE LOCAL, LOCAL IMPACTS. IF YOU APPLY THE CONSTRUCTION MULTIPLIERS, EVERY BILLION WOULD BE $1.2 BILLION IN SPENDING, NOT CASH IN YOUR POCKET, BUT IN SPENDING AS A RESULT OF THE CONSTRUCTION. AND OBVIOUSLY, THAT LASTS JUST THROUGH THE CONSTRUCTION PERIOD. AND LASTLY, NUMBERS, NUMBERS, IN BES, THEY'RE GREAT, BUT THERE ARE OTHER ELEMENTS TO CONSIDER WHEN PEOPLE LOOK AT KE CONVENTION CENTERS. AND I'M A NUMBERS WRONG, DON'T GET ME WRONG. I DO WANT TO EMPHASIZE THERE ARE TRANSFORMATIVE EFFECTS THAT TAKE PLACE WITH THE CONVENTION INDUSTRY. 
          I LOOK AROUND THE COUNTRY, BOSTON IS ONE OF THE MOST SUCCESSFUL 
          [01:00:02]
CONVENTION CENTERS IN AMERICA AND YOU CANNOT BELIEVE WHAT'S HAPPENED AROUND THERE. THESE THINGS SPUR ECONOMIC DEVELOPMENT. 
          YOU GO TO THE K CONVENTION CENTER, YOU HAVE A BETTER MUSIC EXPERIENCE AT THE ALAMODOME, A QUALITY OF LIFE IMPACT. 
          NEW VISITATION. THE PEOPLE THAT COME TO SOME OF THESE BIG CONVENTIONS AREN'T JUST THE AVERAGE JOE. THEY'RE BUSINESS LEADERS. I WAS TALKING TO MY FRIEND WHO RUNS THE CONVENTION BUREAU IN DENVER, SOMETHING LIKE 80% OF CEOS OF COMPANIES THAT HAVE MOVED TO THE DENVER AREA HAVE BEEN TO AT LEAST ONE CONVENTION IN THE PAST. IT'S NOT DIRECT CORRELATION, BUT IT'S BRINGING OTHER PEOPLE INTO THE MARKET. I LOVE THAT THE ECONOMIC AND WORKFORCE DEVELOPMENT WAS ONE OF THE MOST IMPORTANT ELEMENTS IN YOUR COMMUNITY OUTREACH. AND WE'VE TALKED TO RELOCATION SPECIALISTS, ONE OF THE FIRST THINGS THEY DO IS TAKE THEIR CLIENTS INTO THE DOWNTOWN AREA. IMAGINE IF THEY'RE DRIVING THEM THROUGH THE ENTERTAINMENT DISTRICT, THE ABILITY FOR A CEO OR A COMPANY TO RETAIN AND ATTRACT THE NEXT GENERATION OF WORKFORCE IS BENEFITED BY THIS TYPE OF DEVELOPMENT, COMPANIES CAN THEN RELOCATE. ANCHOR FOE REVITALIZATION ALL THROUGHOUT DOWNTOWN -- FOUR REVITALIZATION ALL THROUGHOUT DOWNTOWN, CIVIC PRIDE, COMMUNITY PRIDE, CALL IT WHAT YOU WILL, IF WE'VE GOT ASSETS THAT ARE DEGRADING AND WE'RE INVITING OUR FRIENDS AROUND THE COUNTRY VERSUS IMPROVING. 
          MAYOR, I DO APPRECIATE YOUR PERSPECTIVE ON THE ASSUMPTIONS. 
          THE MATH IS NOT HARD. WE CAN SHOW YOU THE EVENTS, THE ATTENDEES, THE NONLOCAL, THE SPENDING PER CAPITA, ALL OF THAT EXISTS, AND THAT WILL BE IN THE REPORT SO YOU CAN DIG INTO THAT, AND YOU'LL SEE HOW THAT 
          BACKS UP SOME OF THE BROAD NUMBERS HERE. >> MAYOR JONES: GREAT. 
          THANK YOU. DO YOU -- I WAS JUST -- JUST IN CASE IT INFORMS ANY OTHER -- BECAUSE YOU SAID IT WAS SO DIFFERENT THAN YOUR NORMAL APPROACH, DO YOU OFTEN IN THE FULL REPORT ON THE ECONOMIC IMPACT ANALYSIS, YOU MENTIONED THAT YOU REVIEWED THE SUMMARY FINDINGS OF THE SPURS CONSULTANT'S ECONOMIC IMPACT ANALYSIS. DO YOU -- IS THAT NORMAL PRACTICE FOR YOU, OR WOULD YOU TRADITIONALLY DO AN INDEPENDENT 
          ECONOMIC IMPACT ANALYSIS? >> EITHER/OR. 
          I WILL SAY A LOT OF OUR CLIENTS THAT ARE -- POTENTIAL CLIENTS THAT HAVE SPENT MONEY ON A STUDY AREN'T EXCITED ABOUT SPENDING MONEY ON ANOTHER SAME STUDY, SO WE GET ASKED TO COMMENT ON ARE THE ASSUMPTIONS REASONABLE, ET CETERA, ET CETERA. IT'S NOT A BUSINESS WE LIKE TO BE IN. WE HAVE A RIGOROUS STUDY PROCESS FOR ANYTHING WE DO. NO STONE IS LEFT UNTURNED IN TURMS OF UNDERSTANDING WHAT -- TERMS OF UNDERSTANDING WHAT THE DEMAND IS. 
          I ASSUME THEIR CONSULTANTS DID THE SAME THING. 
          >> MAYOR JONES: YOU ASSUME? >> YEAH, WE DIDN'T DO THE STUDY, SO I DON'T KNOW. WE DON'T TYPICALLY LIKE TO OPINE ON ANOTHER FIRM'S STUDY BECAUSE WE DON'T KNOW THE LEVEL OF RESEARCH, BUT THERE IS A THREAD OF A LINK BETWEEN ONE OF OUR RECENT STUDIES AND THEIR STUDY. 
          189, 225. OKAY? THESE ARE MEASURING THE EXACT SAME METRIC IN TWO DIFFERENT MARKETS, BOTH FOR A BRAND-NEW NBA ARENA, AND THEY CAME OUT CLOSE ENOUGH THAT WE WERE WILLING TO SAY, WE DON'T THINK THAT PARTICULAR RESULT IS UNREASONABLE, WE'RE WILLING TO PUT IT IN OUR REPORT. THERE ARE CASES WHERE WE HAVE NOT DONE THAT, AND 
          THIS PARTICULAR CASE, WE FELT IT WAS APPROPRIATE. >> MAYOR JONES: AIN ANY CASE IT ANSWERS ANYONE ELSE'S QUESTION, DID YOU REVIEW THE SPURS -- NOT 
          THE FULL REPORT THAT WE WERE PROVIDED? >> NO, IT'S FAIRLY RECENTLY LANDED ON OUR DESK. I DID GO THROUGH IT AND I DID CONFIRM THEIR NET NEW DIRECT SPENDING NUMBER, THAT'S THE HOOK TO OUR REPORTS. AND I THINK THAT'S SOLID. 
          I HAVE NOT READ THE ENTIRE STUDY IN DETAIL. I'LL TURN IT OVER TO BEN 
          GORZELL. >> GORZELL: GOOD AFTERNOON, MAYOR AND COUNCILMEMBERS. I KNOW WE'VE SPENT A LITTLE BIT OF TIME HERE GOING THROUGH PRESENTATIONS, MINE'S NOT TOO LONG SO I'M GOING TO RECAP, REALLY SPENDING SOME MORE TIME ON THE STRUCTURE FOR THE ARENA, ITSELF AND TRYING TO GO INTO A LITTLE MORE DETAIL IN TERMS OF HOW THAT IS WORKING OR HOW WE'RE PROPOSING THAT THAT WORKS. 
          STILL PROJECTED BETWEEN $1.31.5 BILLION. OBVIOUSLY MORE WORK TO BE DONE HERE IN TERMS OF NARROWING THAT RANGE. WE'RE WORKING, AS YOU CAN SEE, TOWARDS THE LOWER END OF THAT RANGE AT $1.3 BILLION, BUT WE'VE GOT MORE WORK DO AS THAT PROCEEDS FORWARD. THE THREE PRIMARY FUNDING ENTITIES HERE ARE THE SAN ANTONIO SPURS WITH $500 MILLION CONTRIBUTION PLUS AN OBLIGATION TO COVER ANY COST OVERRUNS ONCE THAT PROJECT BUDGET 
          [01:05:04]
IS SET. A COUNTY FINANCING THAT WOULD YIELD $311 MILLION TOWARDS THE FACILITY, AND THEN OUR RANGE IS WHAT YOU SAW A COUPLE OF WEEKS AGO AT 350 MILLION TO $500 MILLION. I'M GOING TO TAKE EACH OF THESE AND JUST BREAK THEM DOWN JUST A LITTLE MORE DETAIL. 
          THE FIRST TWO WHEN WE TALK ABOUT THE SPURS, THIS IS COMING FROM THE TEAM, SO THIS WILL BE DEBT THAT THE TEAM WILL TAKE ON TO MAKE A $500 MILLION CONTRIBUTION TO THE COST OF THE ARENA. 
          AND, AGAIN, I MENTIONED THEY'RE GOING TO BE REQUIRED TO COVER ANY COST OVERRUNS. AS YOU SAW YESTERDAY, THE COUNTY DID CALL FOR A VENUE TAX ELECTION IN NOVEMBER.  THE VENUE TAX IS REALLY COMPRISED OF TWO DIFFERENT ELEMENTS. THERE IS CURRENTLY A 1.75% HOT TAX FOR ANY HOTELS WITHIN THE COUNTY. IN THAT ACTION THAT THE COURT TOOK YESTERDAY, THEY'RE PROPOSING TO INCREASE THAT TO 2%, WHICH IS THE MAXIMUM CAPACITY LEFT UNDER STATE LAW. 
          SO THAT WAS PART OF THE ACTION THEY TOOK YESTERDAY. 
          THE OTHER PART OF THE VENUE TAX IS THE MOTOR VEHICLE RENTAL TAX OR MVRT. THOSE TWO COMPONENTS BROADLY MAKE UP THE VENUE TAX. THE COUNTY WOULD USE, IF THAT ELECTION IS SUCCESSFUL IN NOVEMBER, THEY WOULD USE THOSE TWO FUNDING SOURCES TO DO A BOND ISSUE THAT WOULD YIELD ABOUT $311 MILLION CONTRIBUTION TO THE ARENA. AND, OF COURSE, THERE ARE TWO PRO SIGNIFICANCES, I'M ONLY TALKING -- PROPOSITIONS, I'M ONLY TALKING ABOUT THE ONE ASSOCIATED WITH THE ARENA. THERE IS A SECOND ONE ASSOCIATED WITH THE FROST BANK CENTER AND THE RODEO. 
          BEFORE I GO INTO THE CITY'S FINANCE STRUCTURE, I WANT TO TALK ABOUT SOME OF THE ELEMENTS THAT MAKE UP THAT. THIS IS THE PROJECT FINANCE ZONE, REALLY, REALLY IMPORTANT TOOL FOR US THAT THE STATE HAS ALLOWED US TO HAVE ACCESS TO. THIS ALLOWS US TO CAPTURE THE STATE'S HOTEL ASSOCIATED REVENUE FOR 30 YEARS WITHIN A ZONE. 
          THE ZONE WE'VE CREATED IS IN THAT CIRCLE YOU SEE ON THE MAP THERE. 
          TO BE REAL CLEAR, THIS DOESN'T AFFECT ANYBODY IN TERMS OF HOW MUCH YOU PAY. THIS IS A REDIRECTION OF STATE REVENUES INTO QUALIFIED PROJECTS. SO NO INCREASE IN THE RATE, IT'S JUST CAPTURING DOLLARS THAT CAN BE REINVESTED INTO FACILITIES THAT SUPPORT THAT INDUSTRY. THAT HOTEL ASSOCIATED REVENUE IS MADE UP OF THE STATE'S HOT TAX, STATE SALES TAX, STATE -- MIXED BEVERAGE SALES TAX AND THE STATE'S MIXED GROSS RECEIPT TAX. THAT ONLY APPLIES TO THE HOTELS OR TO BUSINESSES THAT OPERATE IN THOSE HOTELS. 
          THE COUNCIL DID CREATE THIS ZONE IN MAY OF 2025, SO THAT'S OUR BASE YEAR. 
          SO STARTING IN 2026, WE WILL COLLECT THE STATE'S HOTEL ASSOCIATED REVENUE INCREMENTAL FOR 30 YEARS. THINK ABOUT IT FOR A TIRZ FOR A LITTLE BIT.  IT'S GOING TO START SMALL BECAUSE IT'S INCREMENTAL BUT IT WILL GROW OVER TIME. IT'S GOING TO BE A REALLY IMPORTANT RESOURCE AS WE MOVE FORWARD AND TALK ABOUT FUNDING FACILITIES, LIKE THE ARENA, LIKE THE CONVENTION CENTER, LIKE THE ALAMODOME. 
          THE DESIGNATION THAT WE MADE WITH THAT CREATION OF THE ZONE IN 20 -- IN MAY, WAS CONVENTION CENTER COMPLEX. THAT WAS IMPORTANT BECAUSE IT GIVES US A LOT OF FLEXIBILITY IN TERMS OF HOW WE CAN USE THESE PFZ DOLLARS AMONG THOSE THREE FACILITIES, THE CONVENTION CENTER, THE ARENA AND THE ALAMODOME. THERE'S A SHOT CLOCK, ONCE YOU CREATE THE ZONE, YOU HAVE FIVE YEARS TO COMMENCE A PROJECT. IF YOU DON'T COMMENCE A PROJECT THAT YOU'VE DESIGNATED, THE ZONE AUTOMATICALLY DISSOLVES. 
          IF WE BEGIN A PROJECT, THE WAY IT'S SET UP, THE ZONE AND THE DOLLARS STAY WITH THAT PROJECT. WE WANT FLEXIBILITY TO MOVE IT, SO WE REDESIGNATED THE ZONE AS A COMPLEX, AND THAT ALLOWS US TO HAVE FLEXIBILITY TO MOVE THOSE DOLLARS AMONG THESE THREE FACILITIES. 
          I WANTED TO TOUCH ON A LITTLE BIT THE HEMISFAIR TIRZ. 
          THIS IS A MAP OF THE EXISTING TIRZ BOUNDARIES. 
          IT WAS CREATED IN FEBRUARY OF 2017. IT IS BOUNDED ON THE EAST BY IH-37. IT KIND OF FOLLOWS ON THE SOUTH, CESAR CHAVEZ, YOU SEE IT KIND OF WRAP AROUND THE GSA PROPERTY, OR GENERAL SERVICES ADMINISTRATION PROPERTIES TO THE SOUTH, AND THEN TO THE NORTH JUST SLIGHTLY BEYOND COMMERCE STREET, AND THEN TO THE WEST, A LITTLE BIT BEYOND SOUTH ALAMO STREET. SO THAT'S KIND OF THE CORE OF THE DISTRICT. 
          IT JUST DOESN'T INCLUDE THE EAST SIDE OF THE FREEWAY WHERE THE ALAMODOME IS AND THE ALAMODOME PARKING LOTS ARE, BUT I WANTED TO GIVE YOU A LITTLE BIT OF CONTEXT IN TERMS OF THE TIRZ, WHAT'S IN IT TODAY, AGAIN CREATED IN 2017 WITH A BASE VALUE OF $31.4 MILLION. 
          THAT MEANS WE'RE GOING TO CAPTURE ANYTHING ABOVE THAT INCREMENTAL FOR TIRZ IN PROPERTY TAXES. OVER THE LAST EIGHT YEARS WE'VE CAPTURED $121.7 MILLION IN INCREMENTAL TAXABLE V VALUE. 
          [01:10:04]
IN 2025, THE TAX INCREMENT THAT WENT INTO THE TIRZ IS ROUGHLY $650,000. THIS IS AS OF 2025. THERE ARE CONSTRUCTION ON THE WESTERN END OF THE ZONE.  WE HAVE THE ZACHARY HOTEL GOING IN, THAT'S NOT REFLECTED HERE BECAUSE THAT HASN'T HIT THE TAX ROLL YET. 
          THERE WILL BE A LITTLE BIT OF A BUMP ONCE THAT COMES ONLINE IN THE NEXT COUPLE OF YEARS. LET ME TALK A LITTLE BIT ABOUT MIXED USE DEVELOPMENT OPPORTUNITIES AND WHAT WE HAVE BEEN DOING WHEN WE TALK ABOUT GUARANTEES ON NEW DEVELOPMENT. WHAT YOU SEE SHADED HERE ON THIS SLIDE ARE THE OPPORTUNITIES AROUND THE ARENA FOR NEW DEVELOPMENT. THESE ARE DISCUSSIONS WE'VE BEEN HAVING WITH THE SPURS AROUND GUARANTEES ON NEW DEVELOPMENT THAT WOULD THEN SUPPORT A BOND ISSUE THAT WE WOULD USE TO MAKE A CONTRIBUTION TO THE ARENA. IT WOULD BE ONE OF THE FUNDING SOURCES. 
          IT'S ABOUT 18 ACRES, IT SURROUNDS THE ARENA THERE AND THEN YOU CAN SEE IT PICKS UP THE CURRENT GENERAL SERVICES ADMINISTRATION PROPERTIES, THE CURRENT ADMIN BUILDING, FEDERAL ADMIN BUILDING THERE JUST NORTH OF CESAR CHAVEZ, AND THEN THE TWO PARKING LOTS TO THE SOUTH. 
          I'M GOING TO COME BACK AND TALK ABOUT NEW DEVELOPMENT IN A SECOND ON A SUBSEQUENT SLIDE. SO WHEN WE LOOK AT THOSE ELEMENTS, HOW DO WE CREATE A CITY FINANCING TO MAKE A CONTRIBUTION TO THE ARENA AND HOW DO WE PAY FOR THAT DEBT? THIS STRUCTURE USES RENT FROM THE SPURS, SO THEY WOULD HAVE TO PAY A LEASE RENT FOR THE NEW ARENA. THAT WOULD BE ONE OF THE REVENUE STREAMS WE WOULD USE TO REPAY THE DEBT. WE WOULD USE THE H HEMISFAIR TIRZ, BOTH THE EXISTING, NOT A LOT IN THERE CURRENTLY, BUT THE NEW DEVELOPMENT WOULD BE A KEY PIECE OF THAT GUARANTEE, THE PROPERTY TAXES FROM THAT NEW DEVELOPMENT JUST INSIDE OF THAT TIRZ, ALONG WITH THE GROUND LEASES FOR THAT PRIVATE DEVELOPMENT WOULD ALSO BE A REVENUE SOURCE THAT WE WOULD USE FOR THE BOND REFINANCING OR TO REPAY THE DEBTS AND THEN THE PROJECT FINANCING ZONE WHICH ARE THE STATE REVENUES THAT I MENTIONED A MINT AGO. ALL OF THOSE SOURCES COMBINED, WE WOULD THEN USE TO LEVERAGE INTO A BOND ISSUE THAT WOULD ALLOW US TO MAKE A CONTRIBUTION TO THE ARENA. IN TERMS OF SOME KEY TERMS THAT I'LL JUST HIGHLIGHT AS WE TALK ABOUT NEXT STEPS AND POTENTIALLY MOVING TOWARDS THE NEGOTIATION OF A TERM SHEET, THERE'S COUPLE OF THINGS I WANT TO HIGHLIGHT. ONE, TOTAL COST OF ARENA WILL OBVIOUSLY BE IMPORTANT. WE'RE STILL AT A RANGE, WE NEED TO TIGHTEN THAT RANGE UP A LITTLE BIT AND MAKE SURE WE UNDERSTAND WHAT WE'RE GETTING IN TERMS OF AN ARENA FACTOR THE COST OF THAT PROJECT. -- FACILITY FOR THE COST OF THAT PROJECT. 
          500MILLION PLUS, COST OVERRUNS THEM, WE ARE ASKING THEM TO PAY MORE RENT THAN THEY PAY TODAY AND WE ALSO WANT TO INCLUDE AN ESCALATION FACTOR SO THAT IT INCREASES OVER TIME. 
          GUARANTEED NEW DEVELOPMENT AND TAXABLE VALUE, I'M GOING TO PAUSE FOR A SECOND AND JUST TRY TO EXPLAIN A LITTLE BIT. I KNOW THERE'S BEEN A LOT OF CONVERSATION AROUND THE CONTRIBUTION TO THE ARENA FROM THE SPURS AND THEN THIS NEW DEVELOPMENT PIECE. SO AS I WENT OVER ON THE PREVIOUS SLIDES, THERE'S A $500 MILLION -- THEY'RE GOING TO BORROW MONEY, THE SPURS, AND CONTRIBUTE $500 MILLION TO THE COST OF THE ARENA FACILITY, THEIR CONTRIBUTION. FOR OUR FINANCING, WE'RE ALSO ASKING THEM TO GUARANTEE NEW DEVELOPMENT INSIDE OF THE HEMISFAIR FIRS. 
          TIRZ. THAT SLIDE THAT I SHOWED, I'M GOING TO CALL IT FIEZ PHASE 1 PIECE OF THAT WHERE THERE ARE OPPORTUNITIES FOR NEW DEVELOPMENT. WE'VE BEEN TALKING TO THEM, BASED ON OUR CONVERSATIONS WITH THEM, ALONG WITH INFORMATION WE'VE GOT INFROM THEIR CONSULTANT THAT DOES WORK IN THE REAL ESTATE AREA, RCL CO, WE'RE LOOKING AT $1.4 BILLION OF TAXABLE VALUE OVER A 12-YEAR PERIOD, 2030 TO 2042. 
          I'M GOING TO BREAK THAT DOWN INTO TWO PHASES. IT'S IMPORTANT FROM A FINANCING PERSPECTIVE. PHASE 1 IS ABOUT $500 MILLION OF THAT 1.4 BILLION. WE'RE ASKING THEM TO PUT IN AT THE SAME TIME THE ARENA GOES IN. SO FAST-FORWARD TO 2028, IF THIS ALL MOVES FORWARD, WE'RE GETTING READY TO DO A BOND ISSUE, WE WOULD WANT TO SEE -- AND THE DEVELOPER WOULD HAVE TO HAVE, ALONG WITH THE SPURS, THEY WOULD HAVE TO BE READY TO PROCEED ON THAT FIRST PHASE OF NEW DEVELOPMENT. THAT WOULD BE A CONDITION OF US MOVING FORWARD WITH THE BOND FINANCING. IF THEY'RE NOD READY TO MOVE FORWARD, WE DON'T ISSUE BONDS. THAT'S THE FIRST POINT. IT'S IMPORTANT BECAUSE IT HELPS US FROM A CREDIT PERSPECTIVE IN TERMS OF HOW BOND HOLDERS LOOK AT THAT DEBT, KNOWING THAT THAT DEVELOPMENT WILL GO IN AT THE SAME TIME AS THE ARENA, THAT'S AN IMPORTANT PIECE. THE SECOND PIECE I'M 
          [01:15:03]
GOING TO LUMP INTO PHASE 2, I MENTIONED 2030 TO 2042, 12-YEAR PERIOD, FIRST PHASE ROUGHLY $500 MILLION IN TAXABLE VALUE GOES IN WITH THE ARENA, THAT HAPPENS BY ABOUT 2031, 2032. THAT REMAINING 10-YEAR PERIOD WOULD BE THAT REMAINING $900 MILLION IN TAXABLE VALUE. 
          THAT'S WHAT WE'RE ASKING THEM, THE SPURS, AND THEIR DEVELOPER TO GUARANTEE. TWO PIECES. ONE, ONCE WE LAND ON THE DEVELOPMENT SCHEDULE FOR THAT 12-YEAR PERIOD, IT'S A GUARANTEE ON THE DEVELOPMENT SCHEDULE, AND THEN SECONDLY, WE WANT A GUARANTEE ON THE PROJECTED REVENUE, ONCE WE CALCULATE AT THAT POINT IN TIME, WE WANT A GUARANTEE ON THAT REVENUE STREAM. WHY IS THAT IMPORTANT? BECAUSE WE'RE USING IT TO BACK STOP THESE BONDS. THIS IS  HOW WE'RE GOING TO PAY THESE BONDS. WE DON'T WANT A SCENARIO WHERE A PIECE OF PROPERTY'S GOING TO COME ON THE TAX ROLL AT 400 MILLION AND IT COMES ON AT 250 MILLION. WE'RE ASKING THEM TO TAKE THAT RISK. I WANTED TO SPEND A LITTLE BIT OF TIME SEPARATING THE COMPONENT OF THE DIRECT CASH FUNDING THAT WILL GO INTO THE ARENA VERSUS THE GUARANTEES THAT WE'RE ASKING FOR ON THE NEW DEVELOPMENT AROUND THE ARENA OVER THAT 12-YEAR PERIOD. 
          OBVIOUSLY ANOTHER KEY TERM THAT MANY OF YOU HAVE SPENT A LOT OF TIME TALKING ABOUT IS COMMUNITY BENEFITS. DURING THE LAST PRESENTATION, CITY MANAGER TALKED ABOUT A RECOMMENDED APPROACH WHERE WE NEGOTIATE A DOLLAR COMMITMENT OVER 30 YEARS. 
          WE'VE HAD DISCUSSIONS WITH THE SPURS ON THAT. THEY'RE OPEN TO THAT APPROACH, BUT WE'VE GOT MORE WORK TO DO ON THAT AS WELL. 
          AND THEN I'LL WRAP UP HERE ON THIS SLIDE, SO REALLY WAS PART OF THIS BRIEFING WE'RE ASKING FOR YOU ALL -- FOR CITY COUNCIL -- FOR CITY COUNCIL DIRECTION ON THE TWO POINTS YOU SEE HERE ON THE SLIDE. 
          DIRECTION TO THE CITY MANAGER TO SHARE A TERM SEAT WITH THE SPURS FOR PROPOSED DEAL FOR THE DOWNTOWN ARENA UNDER THE STRUCTURE THAT HAS BEEN PRESENTED TODAY THEY JUST WENT OVER, AND THEN DIRECTION TO THE CITY MANAGER TO NEGOTIATE THE TERM SHEET WITH THE SPURS FOR CONSIDERATION BY YOU ALL LATER THIS MONTH. SO THOSE ARE THE TWO POINTS WE'D LIKE TO GET YOUR FEEDBACK AND DIRECTION ON TODAY. SO MAYOR AND COUNCILMEMBERS, THAT WRAPS UP OUR PRESENTATION. 
          I'LL BE HAPPY TO ANSWER ANY QUESTIONS. >> MAYOR JONES: THANK YOU, THE PREVIOUS SLIDE, THE KEY CITY TERMS. SO WHEN WE TALKED ABOUT THE GUARANTEED NEW DEVELOPMENT AND TAXABLE VALUE, I KNOW YOU JUST MENTIONED 1.4 BILLION, THE ONLY THING THAT WE HAVE FROM THE SPURS, THOUGH, RIGHT, IS -- AND SOMETIMES YOU'VE JUST GOT TO SPEAK 78245, AND THAT'S A BAG OF CASH, WHICH IS 500 MILLION, AND THEN 500 MILLION IN GUARANTEED DEVELOPMENT. THAT'S -- PLUS THE 60 MILLION IN COMMUNITY BENEFITS AGREEMENT, RIGHT? THAT'S WHAT WE HAVE ON 
          PAPER FROM THE SPURS, CORRECT? >> GORZELL: MAYOR, THERE'S TWO PIECES TO THAT. THERE WAS A LETTER THAT THE SPURS PROVIDED TWO WEEKS AGO, I THINK, ROUGHLY. 
          >> MAYOR JONES: UH-HUH. >> GORZELL: THAT REFERENCED THE $500 MILLION CONTRIBUTION PLUS THE NEW DEVELOPMENT AT 500 MILLION. 
          WHAT WE HAVE BEEN WORKING WITH THE SPURS ON AND OUR DISCUSSIONS HAVE BEEN WHAT I DESCRIBED, THE 1.4 BILLION, AND THEN WHAT WE HAVE FROM THEIR CONSULTANT IS A -- I'M GOING TO CALL IT, PRELIMINARY DEVELOPMENT SCHEDULE FOR THAT 12-YEAR PERIOD THAT GETS TO $1.4 BILLION OVER 12 YEARS. IT HAS A MIX OF HOTEL USE, OFFICE SPACE, HOUSING AND RETAIL EMBEDDED IN THAT. THAT'S PRELIMINARY. 
          >> MAYOR JONES: YEAH. >> GORZELL: IT WILL CHANGE ONCE WE GET A DEVELOPER THERE. BUT TO YOUR POINT, MAYOR, THAT PART WILL HAVE TO BE SOLIDIFIED IN A TERM SHEET IF THIS ALL MOVES FORWARD. 
          >> MAYOR JONES: BUT AT THIS POINT, THE ONLY THING WE HAVE ON PAPER IN TERMS OF GUARANTEED DEVELOPMENT FROM THE SPURS IS THE 500, RIGHT, AND THEIR PHYSICAL CONTRIBUTION, AND THEN THE 500 IN GUARANTEED DEVELOPMENT? AND WE ASKED THEM -- I THINK WE TALKED ABOUT IT, WE ASKED THEM TO PUT THE 1.4 BILLION IN WRITING AND WE HAVE NOT RECEIVED 
          THAT, IS THAT CORRECT. >> GORZELL: AS A FOLLOW-UP TO THE LETTER FROM TWO WEEKS AGO, NO, I HAVE NOT RECEIVED A FOLLOW-UP FROM THAT. 
          >> MAYOR JONES: SO THESE NUMBERS THEN ARE WHAT WE WOULD LIKE, BUT IT'S NOT NECESSARILY WHAT THE SPURS HAVE AGREED TO, CORRECT? 
          >> GORZELL: I WOULD -- >> MAYOR JONES: UNLESS THE SPURS WOULD LIKE TO 
          SPEAK. >> MAYOR, BOBBY PEREZ, SAN ANTONIO SPURS. 
          THANK YOU FOR THE TIME. WE APPRECIATE ALL THE EXTRA WORK YOU GUYS HAVE DONE ON THIS. MAYOR, WE HAVE DELIVERED A SCHEDULE, AND THAT DEVELOPMENT SCHEDULE THAT INCLUDES ONE POINT 4 BILLION, WE WILL AGREE TO. AND  IN THIS ONGOING DISCUSSION WE'VE HAD WITH YOUR TEAM, IT'S TWO PHASES, 2031 HAS BEEN POINTED OUT -- AS BEN POINTED OUT IS THAT APPROXIMATELY $25 MILLION SCHEDULE. 
          THE SECOND PHASE THROUGH 2032 IS THE BALANCE OF IT. 
          CAMERON POLLOCK'S HERE TODAY, HE'LL ADDRESS THE BODY AS HE SPEAKS, HE'S HAPPY TO COME UP NOW AND SHARE MORE NUMBERS WITH YOU, BUT THAT IS PART OF 
          [01:20:04]
THE PROCESS AND THE PROPOSED SCHEDULE.  I'LL ALSO ADDRESS, MAYOR, THE METHOD IN WHICH WE GOT THE REQUEST TO PUT IT IN WRITING, WE'VE HAD A LOT OF MEETINGS WITH YOUR TEAM. WE HAVE SHARED SCHEDULES, DOCUMENTS, PROPOSALS, VERY IN DEPTH AND HAVE HAD HOURS AND HOURS OF CONVERSATIONS. AND IN THOSE VERBAL COMMUNICATIONS, WE HAVE COMMITTED NOT ONLY TO THE 500 MILLION BY 2031, WE'VE ALSO COMMITTED TO THE HIGHER AMOUNT THAT BEN'S TALKED ABOUT THROUGH 2042. 
          SO I DO WANT TO BE CLEAR -- I DON'T WANT TO STEP AWAY FROM THE DAIS, I'LL ANSWER YOUR QUESTIONS, OF COURSE, I DON'T WANT TO STEP AWAY FROM THE DAIS AND LEAVE THE IMPRESSION THAT WE HAVE NOT MADE THAT REPRESENTATION, BECAUSE WE HAVE. AND WE'LL CONTINUE TO, AND WE HOPE THAT AFTER THIS DISCUSSION TODAY, WE CAN FINALIZE THE TERM SHEET WITH YOUR INTERNAL LAWYERS, YOUR EXTERNAL LAWYERS, THEY WITH WORK WITH OURS, AND WE'LL BRING SOMETHING IN FRONT OF YOU ON AUGUST 21ST SO 
          WE CAN HAVE ACTION. >> MAYOR JONES: GREAT. THANK YOU FOR CLARIFYING THAT, BECAUSE I KNOW WE ASKED, I THINK YESTERDAY EVENING, FOR THAT IN WRITING AND DID NOT RECEIVE IT, SO THANK YOU. 
          >> MAYOR FOR CLARITY, WE PROVIDED THAT SCHEDULE PROBABLY A MONTH AGO. 
          >> MAYOR JONES: OKAY. >> AND SO IT'S BEEN DISCUSSED IN GREAT 
          DETAIL. >> MAYOR JONES: OKAY. >> AND EVEN PRIOR TO THE ISSUANCE OF PETER'S LETTER THAT 2031 NUMBER OF $500 MILLION HAS BEEN CONCEPTUALLY AGREED TO BY US AS WELL AS THE BALANCE OF THE DEVELOPMENT HAS BEEN TENTATIVELY AGREED TO BY US. I THINK IN ORDER TO FURTHER THE CONVERSATION, WE'RE ASKING FOR THAT DIRECTION FROM COUNCIL. 
          THE MANAGER AND THE CITY ATTORNEY AND BEN, SO WE CAN GET THIS INTO A FINAL 
          LOI. >> MAYOR NIR >> MAYOR JONES: CITY 
          MANAGER, WOULD YOU LIKE TO SPEAK TO THAT? >> WALSH: THANK YOU, MAYOR. LET'S JUST LEVEL SET HERE. 
          YOUR QUESTION ABOUT THE $500 MILLION GUARANTEED DEVELOPMENT IN THE LETTER AND THE RECONCILIATION BETWEEN DEVELOPMENT SCHEDULES THAT WE HAVE HAD FROM THE SPURS, I THINK THE DIFFERENCE IS, IS THAT BEYOND GETTING TO ACTUAL TERM NEGOTIATIONS AND INTO A TERM SHEET, THAT'S THE GAP THAT EXISTS RIGHT NOW. BEN HAS, AS HE SAID IN HIS PRESENTATION, WE'VE HAD THE DEVELOPMENT SCHEDULE IN OUR CONVERSATIONS WITH THE SPURS. THE FACT OF THE MATTER IS, IS THAT FROM OUR PERSPECTIVE IN ANY SCENARIO THAT WE RUN, THAT DEVELOPMENT PERSPECTIVE -- AND THOSE PSALASSUMPTIONS IN THE TERM SHEET THAT GUARANTEED REVENUE OR TAXABLE VALUE IS NOT GOING TO BE HALF A BILLION FROM OUR PERSPECTIVE, IT'S GOING TO BE 1.4. 
          SO SHARING DOCUMENTS AND COMPARING THEM TO LETTERS, THAT'S WHERE THE GAP IS. AND I THINK THAT REALLY IS TO THE POINT OF WE NEED TO NEGOTIATE THAT TERM SHEET, LAY OUT THOSE ACTUAL TERMS WITH THE CONTRACT SHALL LANGUAGE, NOT SPREADSHEETS  OR SO FORTH, BUT JUST WHAT IS THE GUARANTEE, WHAT ARE THE DOLLAR AMOUNTS, WHEN DO THEY NEED TO BE DONE 
          BY AND WHO'S GOING TO BACK THEM UP, SO... >> MAYOR JONES: I KNOW WE ALSO HAVE A PRESENTATION -- OR AT LEAST THE GENTLEMAN IS HERE WHO DID THE STONE ANALYSIS REGARDING THE SPURS. 
          AGAIN, MY COLLEAGUES AND I JUST RECEIVED THIS YESTERDAY, BUT IF THERE'S SOMETHING THAT THAT PERSON WOULD LIKE TO SHARE REGARDING THEIR ANALYSIS, BECAUSE I SEE AS SAL MENTIONED, THEY DID NOT REVIEW IT IN 
          DEPTH. >> [INAUDIBLE] AND HE HAS NINE MINUTES BUT I THINK DAVID'S READY TO PRESENT. DAVID'S IN THE ROOM [INDISCERNIBLE] SIGNED UP AS A GROUP, AND SO SUBJECT TO THE CHAIR, THEY CAN COME UP RIGHT NOW AND SHARE SOME INFORMATION WITH YOU REGARDING OUR ECONOMIC IMPACT STUDY, WHICH, AGAIN, I'LL ADD THAT TO THE LIST, SOME OF THE COLLABORATION, I THINK YOUR CSL EXPERT LAID THAT OUT THAT DAVID STONE HAS HAD CONVERSATIONS AND DISCUSSIONS  AND CAMERON POLLOCK, WHOSE'S ALSO BEEN PRESENT, HE'S WITH RCL CO, AND HAS BEEN PART OF OUR TEAM AND SO THEY'RE HERE TODAY, SUBJECT TO YOUR 
          APPROVAL. >> MAYOR JONES: DAVID STONE. 
          >> [INDISCERNIBLE] MAYOR? >> MAYOR JONES: PLEASE, 
          YEAH. >> CAMERON, YOU'RE FIRST. >> 
          >> MAYOR JONES, COUNCILMEMBERS  THANK YOU FOR THE OPPORTUNITY TO SPEAK TODAY. MY NAME'S CAMERON POLLOCK, I'M A PRINCIPLE WITH RCL, CO, A REAL ESTATE ADVISORY FIRM. WE'VE BEEN WORKING WITH THE SPURS AS IT RELATES TO THE MIXED USE DISTRICT SURROUNDING THE ARENA SPECIFICALLY AS IT RELATES TO THE TAX INCREMENT  AS WELL AS THE DEVELOPMENT PARTNER SELECTION. WHILE I'M WORKING ON THIS 
          [01:25:03]
ON A PROFESSIONAL CAPACITY, THIS IS DEEPLY PERSONAL TO ME. 
          I WAS BORN AND RAISED IN SAN ANTONIO, AND WHILE MY PROFESSIONAL WORK WITH RCL CO HAS TAKEN ME THROUGHOUT THE COUNTRY, I CAN STAY WITHOUT HESITATION, SAN ANTONIO IS THE MOST CULTURALLY RICH COMMUNITY I'VE EVER SEEN. I WANT TO TALK ABOUT THE CHALLENGES BEFORE THIS BODY AND THE UNDERSTANDABLE SKEPTICISM THAT HAS BEEN EXPRESSED. 
          I UNDERSTAND YOUR BELIEF THAT ANY PUBLIC INVESTMENT MUST DELIVER MEASURABLE, ACCOUNTABLE RETURNS ESPECIALLY IN A TIME OF TIGHT BUDGETS AND COMMUNITY NEED. I WANTED TO USE MY TIME TO OFFER PERSPECTIVE ON HOW THE CURRENT FRAMEWORK UNDER CONSTRUCTION ADDRESSES THE KEY CONCERNS RAISED UNDER THIS CHAMBER AND HOW IT HAS ACCOUNTABILITY AT ITS CORE. FIRST, LET ME START BY ADDRESSING ONE OF THE MOST COMMON MISCONCEPTIONS UP FRONT. THIS DOES NOT RAISE TAXES ON SAN ANTONIO RESIDENTS, NOR DOES IT POOL EXISTING RESOURCES FROM SPECIAL CITY SERVICES. THE CURRENT FRAMEWORK ENVISIONS THE PROJECTED FUNDING THROUGH, AS DISCUSSED PREVIOUSLY, A RECAPTURE OF STATE HOTEL OCCUPANCY TAX, NEW TAXES GENERATED FROM THE SPORTS AND ENTERTAINMENT DISTRICT, PRIVATE CONTRIBUTIONS AND OTHER PROJECT-SPECIFIC REVENUE STREAMS TIED TO THE DEVELOPMENT. THIS IS NOT ABOUT SHIFTING MONEY AWAY FROM EXISTING PROGRAMS, IT'S ABOUT GENERATING NEW REVENUE FROM NEW ACTIVITY TIED DIRECTLY TO THE PROJECT, AN OUTCOME THAT SIMPLY WOULDN'T BE POSSIBLE WITHOUT THE SPURS ACTING AS THE ANCHOR AND THE CATALYST. SECONDLY, THERE'S THE PERCEPTION THAT SHIS DEVELOPMENT DOESN'T SUPPORT CORE PUBLIC SERVICES. 
          RESPECTFULLY, THAT'S INACCURATE. IN ADDITION TO THE TIRZ, THE COUNTY HOT, THE PFZ AND OTHER FUNDING MECHANISMS THAT HAVE ALREADY BEEN DISCUSSED THE SPORTS ENTERTAINMENT DISTRICT IS PROTECT JECTED TO GENERATE MORE THAN $580 MILLION OF REVENUE FOR VARIOUS CITY NTITIES,AL COMMUNITY COLLEGES, VIA, THE CONVENTION CENTER AND EXPANSION, ARTS AND CULTURE PROGRAMS AND MANY OTHER CRITICAL COMMUNITY SERVICES. ADDITIONALLY, THE DEVELOPMENT IS PROJECTED TO GENERATE APPROXIMATELY $150 MILLION OF ADDITIONAL FUNDING FOR BEXAR COUNTY IN ADDITION TO THE COUNTY HOT, AS WELL AS $150 MILLION IN ADDITIONAL FUNDS FROM THE STATE OF TEXAS IN ADDITION TO THE PFZ. 
          THESE ARE DIRECT PUBLIC BENEFITS THAT IMPACT LIVES EVERY DAY. 
          FAR FROM DRAINING PUBLIC RESOURCES, THIS PROJECT HELPS FUND LONG-TERM INVESTMENT ON PUBLIC ECOSYSTEM THAT SUPPORTS HEALTH, EDUCATION, TRANSPORTATION AND MOBILITY. THIRD, I WANT TO ADDRESS THE CORE QUESTION THAT MAYOR, YOU BROUGHT UP HERE,  WHICH IS THE GUARANTEES. I RECOGNIZE THAT THESE KIND OF PROJECTS HAVE HISTORICALLY LED TO OVERPROMISING AND UNDERDELIVERING. 
          THERE IS A HISTORY OF IT ACROSS THE COUNTRY. WHAT MAKES THIS PROPOSAL DIFFERENT IS THAT THE STRUCTURE CURRENTLY BEING DISCUSSED IN ADDITION TO THE SPURS FINANCIAL COMMITMENTS TO THE ARENA ITSELF, IS ALSO THE MECHANISM THAT BEN DISCUSSED PREVIOUSLY, FOR THE SPURS AND ITS PARTNERS TO BACK BACKSTOP TIRZ REVENUES EVEN IF SURROUNDING DEVELOPMENT PHAS TAKE LONGER TO MATERIALIZE. SO IN ADDITION TO THEIR CONTRIBUTIONS TO THE ARENA, THE COMMUNITY BENEFITS AGREEMENT, THE SPURS AND THEIR PARTNERS ARE COMMITTING THE $500 MILLION IN THE SURROUNDING DEVELOPMENT FOR THAT FIRST PHASE, AND THE $1.4 BILLION IN TOTAL INVESTMENT AT BUILDOUT. THESE ARE GUARANTEES THAT THE SPURS AND THEIR PARTNERS ARE MAKING AROUND THIS DEVELOPMENT -- AUDIO] -- WHEN ASKED WHETHER THESE FUNDS ARE REAL, THESE FUNDS ARE INTENDED TO BE GUARANTEED AND WRITTEN ON PAPER FOR ALL TO SEE. 
          THIS MEANS THAT REGARDLESS OF THE ULTIMATE BUILDOUT, THE STRUCTURE REQUIRES THAT THE INCREMENTAL TAX REVENUES PROJECTED TO FLOW INTO THE TIRZ ARE GUARANTEED, THE TAX REVENUE IS NOT DEPENDENT ON MARKET TIMING, IT IS BUILT INTO THE AGREEMENT. 
          WHILE I UNDERSTAND THE DETAILS STILL NEED TO BE WORKED OUT, THE CORE PRINCIPLES OF THE PROPOSAL REPRESENT A SERIOUS COMMITMENT TO ENSURE PUBLIC OBLIGATIONS ARE MET. AND IN MY PROFESSIONAL OPINION, THE PROPOSED STRUCTURE IS BUILT ON A LONG-TERM ALIGNMENT BETWEEN THE CITY, THE SPURS AND YOUR FUTURE PARTNERS. 
          THIS IS WHAT ACCOUNTABILITY LOOKS LIKE. 
          THIS PUBLIC/PRIVATE PARTNERSHIP, AND THE SPURS AND THE CITY OF SAN ANTONIO ARE WORKING TO SET A NEW BENCHMARK FOR FUTURE P3S ACROSS THE COUNTRY. LASTLY, THIS LAND HAS BEEN VACANT FOR DECADES, GENERATING NO TAX REVENUE. NOT FOR A LOOK OF AMBITION, BUT BECAUSE IT LACKED A CATALYTIC ANCHOR WILLING TO MAKE LONG-TERM 
          [01:30:05]
FINANCIAL COMMITMENTS NECESSARY TO OVERCOME THE CHALLENGES OF A TERTIARY MARKET. THE SPURS ARE THAT ANCHOR. 
          BUT THEY'RE FAR MORE THAN JUST A SPORTS FRANCHISE. THEY'RE A SAN ANTONIO INSTITUTION WITH OVER 50 YEARS OF CIVIC ENGAGEMENT. 
          THEIR INVOLVEMENT IN THIS PROJECT BRINGS A LEVEL OF CREDIBILITY, MOMENTUM AND INVESTMENT THAT FEW OTHERS CAN AND HELP BRINGS THE CAPITAL MARKETS TO THIS PROJECT TO MAKE THIS INVESTABLE. THE KEY POINT IS THIS: WITHOUT THE SPURS, THIS LARGE LAND BLOCK LIKELY STAYS DORMANT FOR YEARS TO COME WITH LIMITED PUBLIC BENEFIT. BUT THROUGH THIS PARTNERSHIP AND WITH THE SPURS, IT BECOMES A VIBRANT, MIXED-USE DISTRICT WITH PUBLIC BENEFIT BUILT INTO THE FOUNDATION. 
          THIS ISN'T ABOUT CHOOSING BETWEEN AN ARENA AND CORE PUBLIC SERVICES, IT'S ABOUT LEVERAGING A THOUGHTFUL AND WELL-STRUCTURED OPPORTUNITY TO CREATE LASTING PUBLIC VALUE WITHOUT SACRIFICING EXISTING SERVICES. WHAT'S BEING CONTEMPLATED HERE IS A MODEL THAT PROTECTS PUBLIC DOLLARS, PROVIDES LONG-TERM ECONOMIC ALIGNMENT AND RETURNS AND PLACES COMMUNITY BENEFIT AT ITS CORE. 
          I'M HAPPY TO ANSWER ANY QUESTIONS THAT YOU MAY HAVE. 
          >> MAYOR JONES: GREAT. THANK YOU. WITH THAT, WE'LL GO INTO 
          THE PUBLIC COMMENT SECTION. >> YOUR HONOR, WOULD YOU 
          LIKE TO HEAR FROM STONE PLANNING? >> MAYOR JONES: SURE, 
          PLEASE. THANK YOU. >> 
          >> THANK YOU, ALL. MY NAME IS DAVID STONE, MY FIRM IS STONE PLANNING. I HAVE BEEN WORKING IN THE PLANNING OF LARGELY SPORTS ENTERTAINMENT FACILITIES FOR OVER 25 YEARS, SOME RECENT WORK HAS INCLUDED THE NBA'S NEWEST ARENA, THE DOME IN INGLE WOOD OUTSIDE OF LA AND THE NHL'S CLIMATE PLEDGE ARENA IN SEATTLE BOTH ON BEHALF OF THOSE RESPECTIVE CITIES. WHAT I'VE BEEN ASK DZ TO DO FOR THE SPURS IS AN ECONOMIC AND PHYSICAL IMPACT STUDY FOR THE PAST OPERATIONS OF THE TEAM AND ARENA AT THE FROST BANK CENTER SINCE 2002 AND THE FUTURE OPERATIONS INCLUDING THE ONGOING OPERATIONS OF THE FROST BANK CENTER AND A NEW ARENA. WE'VE LOOKED AT IT FROM BOTH THE CITY'S PERSPECTIVE AND THE COUNTY'S PERSPECTIVE. I'M MAYBE OF COURSE GOING TO FOCUS ON THE CITY NUMBERS HERE, BUT JUST WANT TO QUICKLY MENTION THAT THE COUNTY NUMBERS ARE RELATIVELY SIMILAR. THE SPENDING NUMBERS AT THE COUNTY LEVEL ARE SLIGHTLY HIGHER. THE TAX NUMBERS ARE DIFFERENT JUST BECAUSE OF DIFFERENT TAXES AT THE CITY AND COUNTY LEVEL PARTICULARLY AS THEY RELATE TO ARENA-RELATED SPENDINGS AND THE JOBS NUMBERS ARE SIMILAR, BUT, AGAINN I'LL FOCUS ON THE CITY-LEVEL NUMBERS HERE. 
          I'M GLAD JOHN GAVE HIS ECONOMIC IMPACT 101, SO I DON'T HAVE TO AND I'LL JUST FOCUS ON THE NUMBERS HERE. I UNDERSTAND YOU ALL HAVE A RECENTLY -- RECENTLY GOT A COPY OF MY FULL STUDY. 
          I'LL FOCUS ON SOME OF THE HIGH-LEVEL NUMBERS, SOME OF THE CONCLUSIONS FROM THE STUDY. SO REALLY THIS PAGE -- I'LL BREAK IT UP INTO THREE SECTIONS. THE FIRST ONE AT THE TOP -- ACTUALLY, I'LL STOP THERE FOR A SECOND. I MENTIONED WE LOOKED AT THE PAST OPERATIONS SINCE 2002 WHEN THE FROST BANK CENTER OPENED, WHICH IS -- WE LOOKED AT 20 SEASONS, WHICH DOESN'T INCLUDE TWO COVID-RELATED SEASONS AND THE MOST RECENT NBA SEASON BECAUSE WE WERE COMPLETING OUR STUDY DURING THAT SEASON. SO FROM 2002 THROUGH THE 2023-2024 SEASON, AGAIN, WITHOUT TWO COVID YEARS AND THE FUTURE SCENARIO WITH THE NEW ARENA FOLDED IN. THE TOP PART OF THIS PAGE, WHICH IS THE ORANGE NUMBERS LOOKS AT THE K CUMULATIVE 20-YEAR IMPACTS THE NET NEW SPENDING TO THE CITY WHICH IS WHAT JOHN TALKED ABOUT, SPENDING FROM OUTSIDE OF THE CITY COMING INTO THE CITY AT OVER $9 BILLION. 
          THE RESULTING TA TAX IMPACT IS $58 MILLION AND THESE ARE CITY-LEVEL TAXES ONLY, EVERYTHING FROM SALES TAXES TO HOTEL TAXES TO TAXES FOR EDUCATION, TRANSIT, ET CETERA. THAT IS, AGAIN, CUMULATIVE OVER THE 20 SEASONS WE LOOKED AT. IF I GO DOWN TO THE LOWER LEFT OF THE PAGE IN THE BLACK NUMBERS AND BLACK TEXT, THAT IS A SINGLE YEAR AVERAGE BASED ON THE LAST FOUR YEARS, AGAIN, THROWING OUT THE TWO COVID-RELATED YEARS, BUT FOR THOSE FOUR YEARS AN AVERAGE OF $578 MILLION OF NET NEW SPENDING TO THE CITY, AND $3.7 MILLION IN NEW TAXES TO THE CITY. WE HAVE NUMBERS FROM 21,000 NEW HOTEL ROOM 
          [01:35:04]
NIGHTS, APPROXIMATELY 1,000 JOBS TO LOCAL RESIDENTS. 
          THEN SHIFTING OVER TO THE RIGHT SIDE COMPARES THOSE NUMBERS TO THE FUTURE SCENARIO, AGAIN, ONGOING OPERATIONS OF THE FROST BANK CENTER PLUS A NEW ARENA, THAT $578 MILLION IN NEW SPENDING TO THE CITY INCREASES TO NEARLY $900 MILLION. AND, AGAIN, THIS IS ONE YEAR, THE FIRST YEAR OF THE NEW ARENA'S OPERATIONS WHICH WE HAVE PROJECTED TO USAGE, EVENTS, ATTENDANCE, INCREASING OVER TIME, SO THIS IS THE FIRST YEAR WHERE, AGAIN, THE EVENT USAGE NUMBERS ARE LOWER THAN THEY WOULD BE IN SOME OF THE OUT YEARS, BUT CREATING TO ALMOST 900 -- INCREASING TO ALMOST $900 MILLION FROM THE CURRENT SCENARIO, CITY-LEVEL TAXES INCREASING TO 4.2 MILLION, JOBS, A MODEST INCREASE TO ABOUT 1100 FROM THE 1,000. THE HOTEL ROOM NIGHTS INCREASING SIGNIFICANTLY, AND THE BOTTOM OF THIS SLIDE IS THAT KIND OF REDDISH RIBBON IS TO INDICATE THE POSSIBILITY OF HOSTING AN NBA ALL-STAR WEEKEND HERE IN SAN ANTONIO WHICH HAS NOT BEEN A POSSIBILITY IN THE PAST DUE TO THE RODEO'S PRESENT IN THE FROS FROST BANK CENTER IN FEBRUARY. 
          THE 300 MILLION NUMBER IS JUST TO SHOW WHAT INDIANAPOLIS HOSTED TWO ALL-STAR WEEKENDS AGO, TWO YEARS AGO, THEIR ESTIMATE TO INDIANAPOLIS WAS $300 MILLION. OH, ONE LAST THING TO SAY, THESE NUMBERS ALL FOCUS ON THE ONGOING ANNUAL OPERATIONS OF THE ARENA/ARENAS PLURAL. 
          WE'RE NOT SHOWING HERE, BUT IT IS IN THE REPORT THE ONE-TIME CONSTRUCTION IMPACTS FROM THE CONSTRUCTION PROJECT OF THE ARENA, WHICH BASED ON LOCAL PARTICIPATION WOULD BE IN THE HUNDREDS OF MILLIONS OF DOLLARS FOR LOCAL COMPANIES AND THOUSANDS OF JOBS FOR LOCAL RESIDENTS. 
          SO THAT IS MY TIME. WITH THAT, I'M HAPPY TO ANSWER ANY QUESTIONS. 
          MR. STONE, I'VE BRIEFLY LOOKED AT YOUR ANALYSIS. YOUR ANALYSIS ASSUMES A 
          $1.3 BILLION ARENA; THAT'S CORRECT? >> I BELIEVE THAT IS 
          CORRECT, YES. >> MAYOR JONES: WHEN YOU GO BACK TO THE -- CAN YOU BRING UP THAT SLIDE, PLEASE? HIS SLIDE THAT HE JUST SHARED. WELL, THE QUESTION IS THE SAME, HOW DO THESE NUMBERS CHANGE IF IT IS A DIFFERENT COST ARENA, 1 BILLION OR 950? SHOULD WE JUST REDUCE THAT BY A THIRD, FOR EXAMPLE? 
          >> I WOULD CHANGE THAT BY THE SAME PERCENTAGE, YES. 
          >> MAYOR JONES: BY THAT SAME PERCENTAGE, OKAY. SO WE CHANGE EACH OF 
          THESE NUMBERS, MINUS -- >> ASSUMING -- >> MAYOR JONES: GO AHEAD, 
          PLEASE. >> ASSUMING THE LOCAL PARTICIPATION STAYS THE 
          SAME, YES. >> MAYOR JONES: OKAY. UNDERSTOOD. 
          THANK YOU. WE HAVE SEVERAL FOLKS SIGNED UP TO SPEAK, AND I WILL JUST GO DOWN THIS LIST. EACH PERSON WILL HAVE TWO MINUTES TO SPEAK. TWO MINUTES, PLEASE. ALL INDIVIDUALS WILL HAVE TWO INDIVIDUALS TO SPEAK AND GROUPS OF THREE OR MORE WILL HAVE A TOTAL OF SIX MINUTES. WRITTEN COMMENT MAY BE SUBMITTED TO THE CITY CLERK FOR DISFRI BEUTION TO THE COUNCIL. THE PLAYING OF RECORDINGS IS NOT PERMITTED. IF YOU'RE SEEDING YOUR TIME OR RECEIVING SOMEBODY ELSE'S TIME, LET ME KNOW BECAUSE THEY MUST BE ON THE LIST AND PRESENT. THE FIRST PERSON IS NATHAN WHITMAN FOLLOWED 
          BY JENNY KAR KARNES. >> MADAM MAYOR, CITY COUNCILMEMBERS, THANK YOU FOR HAVING THESE DEBATES. JUST WANTED TO -- IN AUDIO] -- LOCAL BUSINESSMEN WHO EMPLOYS FOLKS HERE IN SAN ANTONIO AND IS ALSO WORKING HERE IN SAN ANTONIO. ONE THING THAT'S BEEN MENTIONED IS THIS PROJECT BUT ONLY BRING LOW-WAGE JOBS. 
          WELL, THE ONLY THING I WOULD SUBMIT TO THAT IS, WELL, WHERE ELSE WOULD THE ADDITIONAL JOBS COME FROM? AND WHY WOULD THOSE WAGES BE ANY HIGHER? IF WE -- THE CITY COUNCIL IS GOING TO BE DEBATING ON THIS PROJECT NOT ON RAISING WAGES, AND SO I SUBMIT BY BRINGING ADDITIONAL JOBS INTO THE CITY, THAT WE'RE GOING TO CREATE A COMPETITIVE MARKET THAT COULD, IN TURN, HAVE THE WAGE AFFECT THAT PEOPLE ARE LOOKING FOR. I WOULD ALSO SUBMIT THAT AS EVERYONE KNOWS, 
          [01:40:05]
INVESTING IN SOMETHING IS NEVER COMFORTABLE, WHETHER YOU'RE GOING TO BE PURCHASING A CAR OR GOING TO BE INVESTING IN THE STOCK MARKET, IT COMES WITH RISK EVERY TIME. BUT WITHOUT INVESTING AND WITHOUT CHANGE, THERE'S NO POSSIBILITY OF GROWTH. 
          YOUR MONEY'S JUST GOING TO SIT WHERE IT IS, IT'S NEVER GOING TO GROW. 
          YOUR CAR'S JUST GOING TO CONTINUE TO DEVALUE UNLESS YOU'RE PUTTING OR INVESTING MONEY INTO IT. IN DOWNTOWN SAN ANTONIO, I BELIEVE IS A STRONG RETURN ON INVESTMENT THAT BENEFITS THE ENTIRE COMMUNITY. 
          THIS PROJECT WILL BE ENJOYED BY ALL SAN ANTONIO AS WELL AS THE ECONOMIC IMPACT. AS A BUSINESS OPERATOR DOWNTOWN AND SOMEONE THAT LIVES DOWNTOWN, A CITIZEN OF SAN ANTONIO FOR MANY YEARS, I SUPPORT THE 
          CONTINUED PROCESS OF THIS PROJECT. >> MAYOR JONES: JENNY 
          KARNES, FOLLOWED BY ELAINA WELLS, PLEASE. >> GOOD AFTERNOON, MAYOR JONES, CITY COUNCILMEMBERS AND CITY LEADERSHIP. 
          MY NAME IS JENNY KARNES I'M THE PRESIDENT AND CEO OF YOUR 41-YEAR-OLD NONPROFIT SAN ANTONIO SPORTS. OUR MISSION IS TO TRANSFORM THIS COMMUNITY THROUGH THE POWER OF SPORT WITH HEALTHIER KIDS AND FAMILIES, PLACES TO PLAY AND EVENTS THAT IMPACT, WHICH IS WHY AS A CITIZEN OF COUNCIL DISTRICT 10 AND A PASSIONATE ADVOCATE FOR SAN ANTONIO THROUGH THE EFFORTS OF OUR ORGANIZATIONS, I STRONGLY BELIEVE IN AND SUPPORT THE SPORTS AND ENTERTAINMENT DISTRICT TO INCLUDE A NEW DOWNTOWN ARENA FOR OUR BELOVED SAN ANTONIO SPURS. 
          SPURS SPORTS AND ENTERTAINMENT HAVE LONG BEEN PARTNERS OF OUR ORG STAITION THROUGH BOARD ENGAGEMENT, FINANCIAL CONTRIBUTIONS TO OUR NCAA FINAL FOUR HOSTING OBLIGATIONS, SUPPORTING OUR YOUTH PROGRAMS AND NOW PARTNERING WITH OUR SAN ANTONIO SPORTS ALL-STAR BASKETBALL HIGH SCHOOL SERIES. WITH THAT SAID, IT'S NOT JUST WHAT SS & E IS DOING THE SUPPORT SAN ANTONIO SPORTS, THEY ARE DOING IT ON THEIR OWN FOR OUR COMMUNITY THROUGH THE EFFORTS OF SPURS GIVE, THE REFURBISHMENT OF OVER 19 LOCAL BASKETBALL COURTS AND PARKS AND THEIR VISION AROUND OPENING THE OLD PRACTICE FACILITY TO SERVE AS A COMMUNITY IMPACT HUB PROVIDING COUNTLESS RESOURCES. I TRULY BELIEVE THAT THE TIME IS NOW FOR ALL OF US TO COME TOGETHER TO ENSURE THAT THE SPORTS AND ENTERTAINMENT DISTRICT GETS ACROSS THE FINISH LINE, AND NOT JUST FOR A NEW SPURS ARENA AND THE TRANSFORMATION OF MY HOME AWAY FROM HOME AT THE ALAMODOME, BUT FOR THE FUTURE GROWTH AND BETTERMENT OF OUR CITY WITH GENERATIONAL IMPACT TO COME. I WOULD LIKE TO THANK MAYOR JONES, MEMBERS OF OUR CITY COUNCIL, JUDGE PETER SAKAI AND COUNTY COMMISSIONERS ALONG WITH SS & E FOR SEEING THE IMPORTANCE OF THIS MISSION. THANK YOU FOR YOUR TIME AND GO SPURS GO. 
          [APPLAUSE] >> MAYOR JONES: ELAINA WELLS FOLLOWED BY CHARLES 
          BRAM, PLEASE. . >> GOOD AFTERNOON, MAYOR JONES, CITY COUNCILMEMBERS AND CITY LEADERSHIP. 
          MY NAME ISAL LANE THAT WELLS, I'M A PROUD SAN ANTONIO NATIVE, A RESIDENT OF DISTRICT 9 AND THE EXECUTIVE DIRECTOR FOR THE SAN ANTONIO LOCAL ORGANIZING COMMITTEE, MOST RECENTLY FOR THE NCAA MEN'S FINAL FOUR. FIRST I WANT TO THANK YOU ALL ALONG WITH JUDGE PETER SAKAI, COUNTY COMMISSIONERS AND SPURS SPORTS AND ENTERTAINMENT OWNERSHIP FOR EMBRACING THIS VISION FOR OUR CITY. 
          THIS APRIL DURING FINAL FOUR WEEKEND, WE SAW A GLIMPSE OF WHAT A THRIVING SPORTS AND ENTERTAINMENT DISTRICT COULD LOOK LIKE, NOT JUST FOFOR VISITORS, BUT FOR RESIDENTS. NOW IMAGINE THAT SAME ENERGY EVERY WEEKEND. AT -- INTERNATIONAL EVENT ORGANIZERS TO BRING MAJOR EVENTS TO SAN ANTONIO. 
          THE NCAA EVENTS ALONE HAVE GENERATED NEARLY A BILLION DOLLARS IN LOCAL ECONOMIC IMPACT OVER THE PAST 27 YEARS AND THERE ARE MORE ON THE HORIZON. 
          EVENT ORGANIZERS CONSISTENTLY PRIORITIZE THREE THINGS:  QUALITY HOTELS, MEMORABLE EXPERIENCES FOR FANS AND STUDENT ATHLETES AND FIRST-CLASS VENUES. OUR WALKABLE DOWNTOWN WITH THE ALAMODOME, CONVENTION CENTER AND HEMISFAIR ALL WITHIN A HALF MIEF MILE RADIUS IS A MAJOR COMPETITIVE ADVANTAGE. EXPANDING THAT WITH A NEW ARENA, THEATER, CONTINUED INVESTMENT IN OUR EXISTING VENUES, THE ALAMODOME, WILL OVERRUN WILL OPEN THE DOOR FOR MORE WORLD CLASS EVENTS. THEY BRING MEDIA SHOWCASING SAN ANTONIO ON 
          [01:45:01]
A GLOBAL STAGE. AS IT WAS NOTED EARLIER TODAY WITH INCREASING COMPETITION ACROSS TEXAS AND THE NATION, THIS PROJECT IS MORE IMPORTANT THAN EVER. IT DIRECTLY RESPONDS TO FEEDBACK THAT WE'VE HEARD FROM EVENT ORGANIZERS AND ENSURES THAT SAN ANTONIO REMAINS A CONTENDER FOR PREMIER SPORTING AND ENTERTAINMENT EVENTS. WE'RE EXCITE DZ TO CONTINUE TO BUILD ON OUR REPUTATION FOR DELIVERING UNFORGETTABLE EXPERIENCES AND TO HELP LEAD THIS BOLD NEW STEP. THANK YOU. 
          >> MAYOR JONES: THANK YOU. CHARLES BRAMS, FOLLOWED 
          BY  MATEYA LOPEZ. >> MAYOR, COUNCILMAN, THANK YOU FOR THE OPPORTUNITY TO SPEAK ON BEHALF OF PROJECT MARVEL. 
          AS A MAJOR STAKEHOLDER IN DOWNTOWN SAN ANTONIO AND DEVELOPER OF SUBSTANTIAL PROPERTIES HERE IN TOWN, I'D LIKE TO SPEAK FROM THE PERSPECTIVE OF HOW THAT MIGHT INFLUENCE MY BUSINESS AND WHAT I DO IN DOWNTOWN. 
          AS YOU MAY KNOW, I WAS ONE OF THE DEVELOPERS OF THE THOMPSON HOTEL HERE THE DOWNTOWN AND UNDERTAKING A LARGE PROJECT HERE AS WELL CURRENTLY. I WANTED TO TOUCH ON TWO BROAD PERSPECTIVES THAT INFLUENCE WHAT I DO EVERY DAY. ONE OF THOSE IS THE COMPETITION THAT WE FACE FROM OTHER CITIES AROUND THE COUNTRY AND THEIR FORWARD VISIONS AND THEIR COMMITMENT TO WHAT THEY ARE DOING IN THEIR CITIES TO MAKE THEM ATTRACTIVE TO NOT ONLY VISITORS, BUT INVESTORS AND HOW IT MIGHT BENEFIT THE LOCAL COMMUNITY AS WELL. IF YOU LOOK AT OTHER CITIES LIKE AUSTIN, FORT WORTH, OKLAHOMA CITY, DENVER, CHARLOTTE, ALL OF THESE CITIES HAVE MADE MAJOR, MAJOR COMMITMENTS TO THEIR DOWNTOWN AREAS AND WHAT THEY'RE DOING. YOU LOOK AT THE BRICKYARD IN OKLAHOMA CITY, WHO WOULD EVEN IMAGINE THE COMMITMENT THAT THEY HAVE MADE. IT'S JUST MASSIVE. AND IF WE DON'T -- IF WE DON'T, AS A CITY, TAKE THAT SAME ATTITUDE, WE'RE GOING TO FALL BEHIND. 
          AND THAT AFFECTS US ALL, IT AFFECTS OUR ENTIRE COMMUNITY. 
          THE OTHER -- THE OTHER ISSUE THAT I DEAL WITH ON A REGULAR DAILY BASIS IS THAT FROM THE CAPITAL COMMUNITY, WHETHER YOU BE TALKING ABOUT DEBT OR INVESTMENT OR WHAT IT TAKES TO GROW. YOU ARE BEING LOOKED AT AS A CITY AND HOW YOU'RE LOOKING FOR THE FUTURE OF THAT CITY. 
          THESE ARE PEOPLE THAT ARE PUTTING LARGE AMOUNTS OF MONEY BEHIND YOU AND INTO PROJECTS THAT YOU'RE DOING, AND YOU HAVE TO SELL THE CITY FIRST. 
          AND SO I THINK THOSE ARE THINGS THAT WE NEED TO KEEP IN MIND BESIDES THE DETAIL OF WHAT WE'RE LOOKING AT HERE. THANK YOU. 
          >> MAYOR JONES: THANK YOU, SIR. MATEYA LOPEZ FOLLOWED BY 
          THOMAS CASTILLO. >> GOOD AFTERNOON, MAYOR JONES, TERI, RIC, MEMBERS OF THE COUNCIL, I HAVE BEEN A DOWNTOWN AMBASSADOR  FOR SIX YEARS NOW, AND AS MY GOOD FRIENDS BEHIND ME CAN TELL YOU, I HAVE DONE ALL THE JOBS FROM LANDSCAPING TO MAINTENANCE TO PRESSURE WASHING TO MOST RECENTLY OUR QUALITY OF LIFE TEAM, BUT THE JOB THAT I HAVE HAD THE MOST FUN IN DOING HAS BEEN OUR HOSPITALITY AMBASSADORS, OR WHAT WE CALL THE PSRS, PUBLIC SERVICE REPS. AND ONE OF MY FAVORITE MEMORIES CAME ACTUALLY A FEW MONTHS AFTER I STARTED WORKING WITH CENTRO, IT WAS AT ALAMO PLAZA, OUR AMBASSADORS ARE IN ZONES. SO I HAD THE ALAMO ZONE. 
          IT WAS AFTER DINNER AND I WAS STANDING AT THE ALAMO AND THIS BIG FAMILY, ABOUT 10 OR 20 KIDS AND ADULTS ALIKE AND THEY EXITED, YOU HAVE THE ALAMO ON YOUR LEFT AND THE MALL IS ON THE RIGHT. 
          AND CAME TO THE ALAMO AND THE KIDDOS ARE RUNNING AROUND AND THE ADULTS ARE LOOKING AT THE SCENERY, AND THE PATRIARCH OF THEIR FAMILY ACTUALLY CAME UP TO ME AND STARTED ASKING ME THE QUESTIONS, WHAT IS THIS PLACE, WHAT DOES IT MEAN, AND I STARTED EXPLAINING OUR TEXAS HISTORY, OUR ALAMO HISTORY, AND HE'S SMILING. AND HE INTERRUPTED ME, HE SAID, THAT'S ALL WELL AND GOO GOOD. I KNOW THIS STUFF BEFORE. I SAID, WHAT AM I CHOPPED LIVER? I DIDN'T SAY THAT, BUT I ASKED HIM, WELL, HOW DID YOU LEARN ABOUT TEXAS HISTORY? AND WHAT HE HAD TOLD ME IS THAT HIS FATHER, WHEN THE ALAMO MOVIE CAME OUT IN 1960S, HE ACTUALLY TOOK HIS FAMILY FROM NEW DELHI TO TEXAS, TO SAN ANTONIO, JUST TO COME AND SEE THE ALAMO, THE REAL DEAL. AND NOW HIM, THE SON THAT BECAME THE FATHER, THAT BECAME THE PATRIARCH, ACTUALLY WAS CONTINUING THAT TRADITION OF TAKING HIS FAMILY TO COME SEE OUR CITY AND TO HAVE ME, A WET BEHIND THE EARS FRESHMAN AMBASSADOR FROM SEVERAL THOUSAND MILES, THAT PERFECT NIGHT WHEN I PUNCHED INTO WORK AND WAS ABLE TO MAKE THAT CONNECTION WITH THEM, AND I THINK IF PROJECT MARVEL, IF WE GIVE THEM THE TOOLS TO BE SUCCESSFUL, WE CAN TRIPLE THOSE HUNDREDS OF THOUSANDS OF EXPERIENCES 
          [01:50:01]
THAT CENTRO HAS BEEN CREATING FOR EVERY SINGLE DAY, EVERY SINGLE NIGHT SINCE 1999. THANK YOU VERY MUCH. [APPLAUSE] 
          >> MAYOR JONES: THANK YOU. THOMAS CASTILLO, FOLLOWED 
          BY NICK VALDEZ. >> HELLO. SORRY. 
          GOOD AFTERNOON, MAYOR AND COUNCILMEMBERS. MY NAME IS THOMAS CASTILLO. I HAVE SERVED AS A CENTRO AMBASSADOR FOR 19 YEARS. 
          I RESIDE IN DISTRICT FIVE. MY ROLE AMONG OTHERS, MY LATEST ROLE, IS DATA ANALYST, BUT THE MAIN ROLE OF CENTRO IS TO KEEP IT CLEAN, SAFE AND WELCOMING FOR EVERYONE. I WALK THE STREETS EVERY DAY, TALK TO RESIDENTS, VISITORS, BUSINESS OWNERS. 
          WHAT I CONSISTENTLY HEAR IS THAT PEOPLE WANT A DOWNTOWN THAT FEELS ALIVE, BUT ALSO FEELS CARED FOR. THE SPORTS AND ENTERTAINMENT DISTRICT IS ABOUT MORE THAN BIG EVENTS, IT'S ABOUT THE PUBLIC SPACES IN BETWEEN, PLAZA, SIDEWALKS, PARKS, THOSE ARE AREAS WHERE PEOPLE EXPERIENCE OUR CITY, AND THESE ARE AREAS WHERE WE WORK HARDEST. 
          THIS PROJECT NEEDS MORE INVESTMENT IN THOSE PUBLIC SPACES, IT MEANS BETTER LIGHTING, WALKABILITY, MORE REASONS FOR PEOPLE TO STAY AND EXPLORE, AND IT BRINGS PRIDE TO THE PLACES WE ALREADY LOVE, AND IT BRINGS MORE PEOPLE TO LOVE THEM, TOO. MY GREAT EXAMPLE COMES TO MIND, I WAS ALSO AT THE PLAZA, THE ALAMO PLAZA AND I RAN INTO A FAMILY OF FIVE, FATHER, BIG SPURS FAN, CAME TO SEE THE SPURS, BROUGHT HIS WHOLE FAMILY WITH HIM, AND SO INSTEAD OF JUST THE SPURS GAME, IT BECAME THE MAGIC'S CHILDREN THEATER OUT AT THE ALAMO, THE MARKET SQUARE AND THE RIVERWALK, WHICH MY SUPERVISOR REMINDS ME THAT 100 YEARS AGO, THAT WAS SET TO GET FILLED IN AND TURNED INTO JUST COMPLETELY PAVED OVER. 
          SO, IMAGINE THAT. BUT MY POINT IS WHEN DOWNTOWN THRIVES, ALL OF SAN ANTONIO BENEFITS. AS SOMEONE WHO SERVES ON THE FRONT LINES OF DOWNTOWN SAN ANTONIO EVERY DAY, I SUPPORT THIS DISTRICT AND WE'RE READY 
          TO HELP MAKE IT SHINE. [APPLAUSE] >> MAYOR JONES: THANK YOU. NICK VALDEZ, FOLLOWED BY PAT FROST. 
          PAT FROST, FOLLOWED BY FREY REYES. THERE'S PAT. 
          THERE'S PAT. OKAY. >> GOOD AFTERNOON, MY NAME IS PAT FROST AND I'M CHAIR OF THE GREATER SAN ANTONIO CHAMBER OF COMMERCE, AND I AM HERE TO DO THANK YOUS, NOT "YOU SHOULDS."  THE PERSON THAT DID THE BEST ON THE "NEW SHOULD" WAS IN SUNDAY SAN ANTONIO EXPRESS-NEWS COUNCILMAN KAUR'S OP ED PIECE. 
          I ENCOURAGE YOU ALL TO READ IT. JUST LIKE BOBBY PEREZ, THE TIME YOU ALL HAVE PUT INTO THIS AND THE DUE DILIGENCE, I APPRECIATE IT. I ALSO THANK YOUR CITY STAFF. 
          IT IS THE BEST I HAVE EVER BEEN AROUND OF BOTH PRIVATE AND NONPROFIT. 
          FANTASTIC. LISTEN, I DO BELIEVE THEY HAVE A GREAT RECOMMENDATION FOR YOU. I WANT TO ALSO THANK THE SPURS, THE INVESTMENT THAT THEY HAVE COMMITTED TO OUR COMMUNITY JUST IS STAGGERING. 
          WE NEED TO REMEMBER THE SPURS ARE NOW APPROXIMATELY HALF OWNED BY OUT OF TOWNERS BECAUSE OF COVID. ME AS A SEASON TICKET HOLDER, I WENT OVER A YEAR WITHOUT HAVING TO SPEND A DIME BUT YET THOSE PLAYERS GOT ALL THE MONEY AND HAD TO INVEST IN WITH THESE FOLKS, WHICH I UNDERSTAND ARE VERY GOOD PARTNERS, PARTICULARLY BECAUSE THEY ARE SUPPORTING THE WHOLE IN THIS MAJOR INVESTMENT, AND PETER YESTERDAY, COMMISSIONERS COURT, DESCRIBED HOW MUCH MORE THAT IS IN OTHER SMALL MARKET NBA TEAMS. I ALSO WANT TO GIVE A THANK YOU TO COPS METRO. 
          YOU ALSO LISTEN TO THEM AND I AGREE, THAT IF TAKING THE NEEDED INFRASTRUCTURE IT NEEDS OF DOWNTOWN AROUND HEMISFAIR PARK TO PUT THAT IN THE BOND ISSUE WHERE YOU'RE GOING TO LOOK AT ISSUES ALL AROUND THIS CITY AND I DO BELIEVE THAT IS THE RIGHT PROCESS. 
          I WANT TO ALSO GIVE A THANK YOU TO COUNTY STAFF AND COMMISSIONERS AND, OF COURSE, JUDGE SAKAI, WITH THEIR EFFORTS OF BEING ABLE WITH 25% OF THIS, IF THE VOTERS APPROVE, GIVING THE VOTERS THE OPPORTUNITY, BUT I ALSO WANT TO THANK THE SAN ANTONI SAN ANTONIO STOCK SHOW AND RODEO, WITH THEIR COMMITMENT TO MAKE SURE THAT THE AREA THAT THE SPURS ARE LEAVING WILL CONTINUE TO THRIVE. FINALLY, I WANT TO SAY THANK YOU, HOPEFULLY TO ALL OF YOU ALL ON AUGUST 21ST AFTER YOU PASS THE TERM SHEET PRESENTED. THANK YOU. 
          [APPLAUSE] >> MAYOR JONES: FRAY REYES, FOLLOWED BY 
          [01:55:08]
          CHARLES DANIELS. >> CHARLES DANIELS, CHARLES 
          DANIELS FOLLOWED BY MOLLY JAY. >> AS A 40-YEAR RESIDENT OF SAN ANTONIO, TODAY I HAVE SOMETHING SIMPLE TO SAY, AND MY MY POOR WORDS AND TONGUE NOT GET IN THE WAY -- EDWARDS LET WHAT I SAY BE HEARD. KNOW I SPEAK NOT FOR OTHERS HERE OR THERE, BUT FOR THOSE NOW PASSED, WHO CAN NO LONGER SPEAK, WHO GAVE THEIR LIVES IN HONOR, WHO GAVE US HISTORY TO SHARE. 
          MAY THIS REMIND YOU OF WHAT WE'LL SOON MISS. BE ASSURED, IT'S WEAK TO CHOOSE PROSPERITY OVER UNIQUENESS OF HISTORY. TAKE CARE, REMEMBER THIS CITY WAS ONCE SMALL BUT FULL OF FRIENDS. SEEK WHAT WAS LARGE IN HEART AND HISTORIC IN WAYS, THAT TO SHARE WE SEE THE TURN TO BIG BUSINESS AND BEHIND CLOSED DOORS WE PEEK, THERE TO SEE HOW IT IS WHEN BIG SALARIES ARE THE GUIDE. DO THEY CARE? WATCH MILLIONS BE SPENT FOR A THIRD SPORTS SITE TO WHOSE DELIGHT? WHEN A SYMPHONY GOES DARK, A PHILHARMONIC STRUGGLES IN A SURVIVAL RIGHT, WHILE AN INSTITUTE OF CULTURE IS TORN DOWN. WHY, FOR ANOTHER BALLPARK? NOT WITH ANY REAL PLAN EXCEPT TO ASSURE THAT THE RICH HAVE THEIR WAY. WHERE ARE THOSE WHO WOULD MOVE A HOTEL A HALF A MILE TO SAVE ITS PLACE IN HISTORY? I SAY I SEE NO PLAN BUT PROSPERITY AND PROFITS HIGH TO SHARE. DOES IT REALLY MATTER WHO IS MADE TO PAY? THE RICH PLANNERS WILL GET THEIR SHARE, SO PREPARE. REMEMBER TOURISTS FIND HERE THAT HISTORY IS ALIVE, AND A BIG CITY -- IN A BIG CITY A SMALL TOWN STILL SURVIVES. 
          I SEE NOW HOW THOSE WHO LISTEN MAY FROWN. >> MAYOR JONES: THANK 
          YOU, SIR. >> SOON BIG SCREENS OF ADS MAY COVER THE TOWN. 
          I'D RATHER SEE HORSES AND STREETCARS,T, TIS ONLY A HOPE. 
          >> MAYOR JONES: SIR, YOU CAN PROVIDE YOUR WRITTEN COMMENTS. 
          >> ONE SENTENCE. >> MAYOR JONES: TO BE FAIR TO EVERYONE ELSE. 
          >> ONE SENTENCE. >> MAYOR JONES: ONE SENTENCE, OKAY. 
          >> THE TIME IS HERE TO HEED THE CALL OF SOS, SAVE OLD SAN ANTONIO. 
          THANK YOU. [APPLAUSE] >> MAYOR JONES: MOLLY 
          JAY, FOLLOWED BY MARK WOLFHEARTH. >> HI, GOOD AFTERNOON, MADAM MAYOR JONES, COUNCILMENS, THANK YOU FOR ALLOWING US TO SPEAK. 
          OKAY. I'M STANDING LOOKING AT ALL OF YOU WONDERING HOW AND WHY ARE YOU DEBATING ABOUT A BASKETBALL COURT WHEN WE ARE ALL IN SEVERE FEDERAL DURESS. AND MANY POOR HARD-WORKING AMERICANS OF ALL LEVELS OF SOCIETY IN EVERY AREA OF THE CITY AND COUNTY ARE BEING NEGLECTED AND THEY NEED YOUR HELP. THE LOCAL AND THE COUNTY LEVEL IS THE ONLY PLACE OF HELP THAT WE CAN GET. WE CANNOT GET HELP OBVIOUSLY FROM THE STATE BECAUSE WE HAVE PEOPLE RUNNING FROM THERE, HIDING SO THEY DON'T GIVE THE FEDERAL ADMINISTRATION WHAT THEY'RE PHYSICALLY TRYING TO GET. WE'RE NOT GETTING ANY HELP FROM THE FEDERAL LEVEL. PLEASE, PLEASE PAY ATTENTION TO THE ACTUAL NEEDS OF ALL YOUR CONSTITUENTS. 
          [02:00:08]
PLEASE, NO ONE NEEDS A BASKETBALL COURT. WE NEED HOUSING, WE NEED SHELTER IN PLACE, WE NEED PALLET HOME VILLAGES, WE NEED YOU TO WORK WITH COMMISSIONER CALVERT. PLEASE  STOP THIS SACRIFICING PEOPLE'S LIVES AND LIVELIHOODS AND HOUSING FOR A BASKETBALL COURT. 
          PLEASE. AND I'M SORRY, COUNCILWOMAN [INDISCERNIBLE] FOR YOUR EXPERIENCES, I APOLOGIZE. 
          [APPLAUSE] >> MAYOR JONES: MARK WOLFHEARTH FOLLOWED BY 
          JEMMA KENNEDY. >> THANK YOU, MY NAME IS MARK WOLFHEARTH, I'M PARTNER WITH DANNY BENAVIDES, SMALL MINORITY BUSINESS BASED IN CENTRAL BUSINESS DISTRICTS, SAN ANTONIO, 237 WEST TRAVIS, WE EMPLOY 29 FULL-TIME, 18 PART-TIME, WE ALL LIVE IN YOUR CITY, DISTRICTS, I PERSONALLY LIVE IN DISTRICT EIGHT. BORN AND RAISED IN SAN ANTONIO, LIVED IN AUSTIN 10 OR 12 YEARS, CAME BACK TO SAN ANTONIO IN 2001. 
          WE'VE DONE NUMEROUS PROJECTS, WE APPRECIATE THE PROJECTS THE CITY AND THE SPURS HAVE GIVEN US TO HELP US GROW COMMUNITY AND EMPLOY MORE PEOPLE AND THUS PAY MORE TAXES LT WE LOVE OUR COMMUNITY AND SPURS. 
          I'M RAISING A FIFTH GENERATION IN SAN ANTONIO, MY FAMILY AND MONEY STAYS HERE IN SAN ANTONIO. OVER THE PAST 25, 30 YEARS WE HAVE SEEN AUSTIN GROW ECONOMICALLY OVER SAN ANTONIO. 
          WE REMAIN STAGNANT OVER THAT PERIOD, OUR BASIC SERVICES WHICH OBVIOUSLY IS THE CITY MAIN PURPOSE HAS BEEN SERVED. IT'S BEEN YEARS SINCE WE HAVE LANDED A LARGE PROJECT SUCH AS TOYOTA IN 2003 AND WHAT A WIN THAT WAS. WE ALL WANT SOCIAL SERVICES AND PROGRAMS SUCH AS EDUCATION, EDUCATING OUR CHILDREN, OUR FUTURE, BUT WITHOUT ECONOMIC INTAKE TO DO SO WOULD NOT BE SUSTAINABLE. 
          WE NEED A FORWARD-THINKING MAYOR, CITY COUNCIL TO THINK ECONOMICALLY NOT JUST FOR TODAY OR EVEN THIS YEAR, BUT FOR THE FUTURE OF THE NEXT 20 TO 50 YEARS. THIS PROJECT DOES THAT. THIS WILL BE A TREMENDOUS OPPORTUNITY AND BENEFIT THE ENTIRE CITY. THIS PROJECT WILL BENEFIT TOURISM AND THUS EXPAND LOCAL INCOME TO INTAKE THROUGH HOTEL OCCUPANCY, SALES TAX AND SMALL BUSINESS EXPANSION. THE NEW STATE-OF-THE-ART VENUE WILL ALSO SERVE FOR LONG TERM, IN ADDITION JUST THE GAMES CAN HOST MANY OTHER THINGS THROUGHOUT THE CITY. THE SPURS ARE DEEPLY WOVEN INTO THE CITY'S IDENTITY. THE TEAM HAS BECOME A UNIFYING FORCE THAT TRANSCENDS RACE, AGE AND BACKGROUND. 
          IN CONCLUSION, WE'RE GOOD. SPURS ARE FAMILY. 
          I APPRECIATE IT. [APPLAUSE] > 
          >> KENNEDY, JERRY STRONG AND BARRY -- YOU HAVE SIX MINUTE. 
          >> MY NAME IS SUSAN STRAWN I THOUGHT I WOULD HAVE NINE CYME GOING TO GO AS FAST AS POSSIBLE  U YOU ALL HAVE A COPY OF MY PRESENTATION IN YOUR MATERIALS. SO I'M HERE ON BEHALF OF NO PROJECT MARVEL, WHICH IS A GRASSROOTS COALITION OF SEVERAL LARGE COMMUNITY ORGANIZATIONS THAT OPPOSE ALL OR PARTS OF PROJECT MARVEL. WE ARE ALL UNITED, THOUGH, IN ASKING THE MAYOR AND CITY COUNCIL TO POSTPONE TAKING ANY ACTION TOWARDS A PROCEEDING WITH PROJECT MARVEL UNTIL AN IMPARTIAL COST BENEFIT ANALYSIS HAS BEEN COMPLETED AND PRESENTED TO THE PUBLIC. 
          WE WANT A SERIOUS INDEPENDENT COST BENEFIT ANALYSIS INCLUDING COSTS, BENEFITS, RISK ANALYSIS, CONSIDERATION OF THE BENEFITS AND COST OF ALTERNATIVE USES OF THESE FUNDS AND SEPARATE CONSIDERATION OF ALL OF THAT WITH RESPECT TO EVERY ELEMENT IN THE PLAN. 
          WE SHOULD NOT BE LUMPING THE CONVENTION CENTER TOGETHER WITH THE SPURS ARENA TOGETHER WITH THE WOODS COURTHOUSE. WE NEED TO INDEPENDENTLY ANALYZE WHETHER WE NEED TO BE SPENDING ALL OF THIS MONEY FOR EACH OF THOSE. WE WANT STRAIGHT FACTS, NOT A SALES PITCH FROM CITY HALL, AND I WILL SAY I WENT TO THE DISTRICT ONE MEETING. 
          WE HAD TWO QUESTIONS TAKEN. WE WERE OUT OF TIME. 
          AND EVERYONE HAD SUBMITTED QUESTIONS ON CARDS. 
          TWO WERE TAKEN AND WE MOVED ON TO THE DRAWING PART OF THE EXERCISE. 
          SO I WOULD NOT SAY THAT WE HAD A GOOD GIVE AND TAKE AT THAT MEETING. 
          BUT WE NEED TO HAVE A REAL STRAIGHT -- THE CITY -- CITY HALL SHOULD BE PRESENTING US WITH NEUTRAL FACTS, NOT A SALES PITCH. 
          THAT'S THE BOTTOM LINE. THAT COMMUNITY ENGAGEMENT NEEDS TO BE BASED ON THE COST BENEFIT AND ALTERNATIVES WHEN WE GET IT, INCLUDING A NO ACTION 
          [02:05:03]
POSSIBILITY. AND WE WANT NO BALLOT PROPOSALS OR DEBT ISSUED UNTIL THE COST BENEFIT STUDY IS DONE AND ALL OF THE TRADEOFFS ARE UNDERSTOOD. SO WE LOVE THE SPURS, EVERYONE LOVES THE SPURS, BUT RESEARCH SHOWS, AND IT'S PRETTY UNEQUIVOCABLE, THAT ARENAS DON'T BRING ECONOMIC DEVELOPMENT, SO WE HAVE TO ASK, IF WE PUT THIS MONEY INTO THE ARENAS, DO WE LOVE THE SPURS MORE THAN WE LOVE GOOD JOBS, DO WE LOVE THEM MORE THAN CLEAN WATER, AFFORDABLE HOUSING, ARTS AND CULTURE, HEALTH AND EDUCATION, HOW MUCH IS THAT INTANGIBLE THAT WE ALL KNOW GOES ALONG WITH HAVING AN NBA TEAM, I WILL POINT OUT THAT AUSTIN DOES NOT HAVE AN NBA TEAM AND AUSTIN IS DOING MUCH BETTER THAN WE ARE ECONOMICALLY, BUT HOW MUCH ARE THE SPURS WORTH? AND WE'VE HEARD MR. HOLT SAY THAT THIS IS A SMALL MARKET AND THEY NEED MUCH MORE PUBLIC FINANCING, BUT I WILL ALSO POINT OUT THAT THE SPURS ARE IN THE TOP 10 MOST PROFITABLE F FRANCHISES IN THE NBA, DESPITE BEING IN A SMALL MARKET AND THAT'S LARGELY BECAUSE OF THE SWEET DEAL THAT THEY'VE GOTTEN FROM PUBLIC FINANCING THROUGHOUT THEIR TIME HERE. NEXT. NOBODY LOVES THE CONVENTION CENTER. SO THIS IS THE CONVENTION CENTER AND I'M SORRY ABOUT THE MISSPELLING, AI TELLS ME IT CAN'T SPELL. AND SO APPARENTLY IT'S TRUE. I ASKED CHATGPT WHY CAN'T YOU SPELL, AND IT SAID, SORRY, WE'RE NOT GOOD AT IT. AND SO -- BUT ANYWAY, THIS IS THE BLOB OF THE CONVENTION CENTER THAT IS NOW EATING ALL OF DOWNTOWN. THERE'S NO INTANGIBLE FACTOR HERE. 
          RESEARCH SHOWS THEY ALMOST ALL OPERATE AT A LOSS, JOBS ARE LOW PAY, PART TIME, IF WE ARE GOING TO DO THIS, EXPAND THIS CONVENTION CENTER, WE NEED TO SEE HARD COST BENEFIT, NOT GO SPURS GO KIND OF LOVE, BUT HARD, ECONOMIC BENEFITS FROM DOING THIS, FROM PLOWING $750 MILLION INTO AND KEEPING UP WITH THE DALLAS AND HOUSTON AND AUSTIN, AND WE NEED TO LOOK AT ALTERNATIVE USES. SO I WANT TO TALK ABOUT SOME OF THE MYTHS REALLY QUICK. MYTH NUMBER 1, THAT THERE'S NO TAXPAYER MONEY BEING USED. INFRASTRUCTURE BOND IS DIRECTLY TAX MONEY. TIRZ IS PROPERTY TAX. MILLIONS HAVE BEEN SPENT AND WILL BE SPENT IN PLANNING, STAFF, SECURITY, CONSULTANTS, MANAGEMENT. INDIRECTLY, PROJECT FINANCE ZONE, HOT TAX, COUNTY VENUE TAX, ALL OF THOSE HAVE OTHER USES THAT COULD GO TO SUPPORT PROJECTS THAT ARE NOW BEING FUNDED OUT OF THE GENERAL FUND. 
          SO SPEAKING OF THE INFRASTRUCTURE BOND, IT'S ABOUT $20 MILLION A YEAR IN DEBT SERVICE. IF WE PASS THAT, ESTIMATED 15% TO OUTSTANDING DEBT, ALTERNATIVE USES WE COULD GROW PRE-K FOUR SA BY 25%, WE COULD FUND 180 NEW POLICE OFFICERS, WE COULD DOUBLE THE CITY'S BUDGET FOR AQUIFER PROTECTION, WE COULD ISSUE THESE OTHER PONDS. BONDS. 
          THERE ARE ALTERNATIVE USES FOR THAT MONEY THAN THE OTHER TAXPAYERS. 
          MYTH NUMBER TWO, THE MONEY CAN ONLY BE SPENT FOR THE CONVENTION CENTER ALAMODOME AND ARENA, THAT'S NOT TRUE. IT CAN BE USED FOR RELATED INFRASTRUCTURE WHICH INCLUDES ALL OF THE INFRASTRUCTURE THAT WE COULD NOT PAY FOR THAT WITH A BOND. WE COULD PAY FOR THAT WITH MONEY BONDS ISSUED AGAINST THE PROJECT -- WHATEVER IT'S CALLED. 
          THE FINANCE ZONE. SO NEXT. MYTH NO. 3, TIRZ. 
          TIRZ IS ALSO TAXPAYER MONEY. I HAVEN'T HEARD ANYTHING MORE ABOUT THE MIDTOWN TIRZ SO I'M ASSUMING THAT'S DROPPED OUT OF THE EQUATION. WE'RE NOT GOING TO USE THAT. 
          BUT YOU'RE TALKING ABOUT REUSING THE HEMISFAIR TIRZ. SO, AGAIN, TIRZ COSTS AND BENEFITS. TIRZ TAKE PROPERTY TAX AWAY FROM THE GENERAL FUND. 
          IT SHIFTS COST TO THE OTHER TAXPAYERS. IT'S REGRESSIVE AND TALK ABOUT THE RISKS. I THINK THE MONEY THAT THEY'RE EXPECTING TO GET FROM THE TIRZ AND THE SPURS' $500 MILLION GUARANTEE IS EXTREMELY AGGRESSIVE. 
          I WOULD LIKE TO SEE MORE ABOUT THOSE NUMBERS. THE MIDTOWN TIRZ IS A $2 BILLION TAX INCREMENT AT THIS POINT AND IS ONLY GENERATING $12 MILLION. 
          IF THEY'RE PROJECTING TO GET THIS MUCH TAX MONEY OUT OF THIS ONE WITH A $1.4 BILLION 12 YEARS FROM NOW I THINK WE NEED TO LOOK HARDER AT THOSE NUMBERS. 
          I DON'T HAVE TIME TO FINISH BUT I WOULD ALSO SAY THE HOT TAX IS MONEY THAT GOES CURRENTLY TO 
          ALL OTHER THINGS -- >> MAYOR JONES: YOU CAN SUBMIT THESE SLIDES FOR THE 
          RECORD. >> I APPRECIATE THAT. MAY I SAY ONE MORE SENTENCE? IF YOU'RE FAMILIAR WITH THE -- WHAT'S GOING ON RIGHT NOW IN WASHINGTON, D.C. WITH RFK AND THE COMMANDERS' FOOTBALL STADIUM, THE CITY COUNCIL THERE ASKED FOR AND OBTAINED AN 
          [02:10:02]
INDEPENDENT CONSULTANT REPORT, A RISK ANALYSIS THAT WAS SEPARATE FROM ANYTHING THAT THE CITY BUREAUCRACY DID OR EVEN THE MAYOR'S OFFICE. THERE THEY HAVE A STRONG MAYOR. I THINK THAT REPORT WAS VERY ENLIGHTENING AND I WOULD 
          ENCOURAGE YOU ALL TO DO SOMETHING LIKE. >> MAYOR JONES: JEFF WEBSTER 
          FOLLOWED BY BRETT FINLEY. >> GOOD AFTERNOON, MAYOR AND COUNCIL. 
          MY NAME IS JEFF WEBSTER. I'M THE PRESIDENT AND CEO OF THE GREATER SAN ANTONIO CHAMBER. 131-YEAR-OLD ORGANIZATION REPRESENTING APPROXIMATELY 1700 BUSINESSES IN OUR COMMUNITY, LARGE AND SMALL, IN ALL FOUR QUADRANTS OF OUR CITY. 
          IN EVERY ONE OF YOUR DISTRICTS. A LOT OF CONVERSATION TODAY ABOUT WHAT COULD HAPPEN AND WHAT MIGHT HAPPEN, WHAT WE SHOULD DO, WHAT WE CAN'T DO. 
          BUT THIS IS REALLY ABOUT WINDOWS OF OPPORTUNITY. THEY DON'T COME ALONG OFTEN. 
          MANY OF YOU JUST FINISHED A CAMPAIGN BASED ON A WINDOW OF OPPORTUNITY. 
          YOU MADE A DECISION TO TAKE A RISK, MAYBE LEAVE A JOB AND TAKE A NEW OPPORTUNITY. 
          WE HAVE AN OPPORTUNITY FOR ECONOMIC DEVELOPMENT. WE HAVE AN OPPORTUNITY FOR ECONOMIC OPPORTUNITY FOR NEW ENTREPRENEURS TO START A BUSINESS. 
          WE HAVE AN ECONOMIC OPPORTUNITY FOR BUSINESSES WHO ARE HERE IN SAN ANTONIO TO GROW AND HIRE. 
          THAT MONEY DOESN'T STAY DOWNTOWN. THAT GOES TO ALL CORNERS OF OUR CITY. I SAID LAST TIME I WAS HERE THIS THE GENERATIONAL. 
          THIS IS GOING TO GO BEYOND WHAT MANY OF YOU WILL NOT BE SITTING AT THESE CHAIRS ANY LONGER AND YOU WILL BE ON TO OTHER ROLES AND OPPORTUNITIES. IN 1962 AND '63 PEOPLE MADE A DECISION ABOUT THE HEMISFAIR. IN 1929 THEY MADE A DECISION ABOUT OUR RIVER WALK. 
          WE'RE ASKING YOU TO MAKE A DECISION ABOUT OUR FUTURE. I WOULD ASK, MADAME MAYOR AND COUNCIL, PLEASE COME BACK IN TWO WEEKS. LET'S HAVE AN AGREEMENT. 
          LET'S START MOVING FORWARD WITH MORE DETAILS AND FIND A SOLUTION TO CONTINUE TO INVEST IN THE FUTURE OF SAN ANTONIO AND THOSE NEXT GENERATIONS. THANK YOU FOR YOUR TIME. 
          [APPLAUSE] >> MAYOR JONES: BRETT FINLEY FOLLOWED BY DAN MINNELLY. 
          >> GOOD AFTERNOON, MAYOR JONES, MEMBERS OF THE SAN ANTONIO CITY COUNCIL. 
          BRETT FINLEY. I'M THE PRESIDENT AND CEO OF THE METRO CHAMBER. 
          ALONG WITH ME ARE SEVERAL MEMBERS OF OUR BOARD OF DIRECTORS AND GENERAL MEMBERS AT-LARGE. WE ARE HERE TO PUBLICLY SUPPORT -- STRONG SUPPORT THE PROJECT MARVEL SPURS ARENA CONVERSATION. I'LL START WITH THE ECONOMICS. 
          THIS IS INCREDIBLY IMPACTFUL AND REGARDLESS OF THE MULTITUDE OF THE BILLIONS OF DOLLARS THAT THE CITY STANDS TO BE ON THE RECEIVING END FROM, FROM ADDITIONAL TAX REVENUE MECHANISMS TO ALSO THOUSANDS OF JOBS. CONSTRUCTION, HOSPITALITY, THE TOURISM SECTOR. THOSE INDIVIDUAL FAMILIES, WHILE THEY MAY BE WORKING IN SAN ANTONIO, THEY RESIDE IN EACH OF YOUR COUNCIL DISTRICTS. 
          THEY'RE GOING TO BE SUPPORTING THEMSELVES AND ALSO THEIR FAMILIES TO GIVE A BETTER QUALITY OF LIFE. IT'S BEEN DOCUMENTED THAT THERE'S NO TAX INCREASE. 
          THIS IS NOT TAKING EXISTING DOLLARS FROM THE GENERAL FUND TO FUND THIS PROJECT. 
          THE MULTITUDE OF CHALLENGES FROM ANIMAL CONTROL TO TRANSPORTATION TO HOUSING, WHICH HAS BEEN DISCUSSED, THAT'S NOT GOING TO STAND IN CONTEST TO WHETHER OR NOT YOU SUPPORT THIS ITEM ON AUGUST 21. PLEASE TAKE THAT INTO CONSIDERATION. IT'S BEEN TALKED ABOUT A LOT THAT IT'S AN EITHER/OR PROPOSITION. YOU CAN STILL DO THIS AND GOVERN A CITY. 
          WE CAN BE COMPASSIONATE SAN ANTONIO WHILE ALSO MAKING SMART, STRATEGIC INVESTMENTS IN THE HEART OF OUR CITY. WE ENCOURAGE YOU ALL TO TAKE THAT INTO CONSIDERATION IN AUDIO] OVER THE LAST 50 YEARS THEY HAVE DEMONSTRATED ON-COURT PERFORMANCE SUCCESS BUT ALSO OUT IN THE COMMUNITY. THIS REAFFIRMS THEIR COMMITMENT AND THEY HAVE GIVEN YOU HALF A BILLION DOLLARS AND REASONS WHY THEY WANT TO CHOOSE SAN ANTONIO FOR THE LONG TERM WITH AN ADDITIONAL HALF A BILLION DOLLARS IN PRIVATE DEVELOPMENT IN THE FUTURE. WE WANT TO MAKE SURE THAT FOR SO MANY GENERATIONS TO COME THAT SAN ANTONIO CONTINUES TO BE A DESTINATION OF CHOICE FOR CORPORATE RELOCATION, FOR THOSE BUSINESSES, SMALL, MEDIUM, AND LARGE SCALE TO BE A PART OF THIS PROJECT. 
          GO SPURS GO! THANK YOU FOR YOUR LEADERSHIP. >> MAYOR JONES: DAN MINELI 
          FOLLOWED BY FATHER DRENNEN. >> GOOD AFTERNOON, MAYOR AND COUNCIL MEMBERS. 
          I LIVE IN DISTRICT 1 AND WORK IN DISTRICT 27 AND I'M HONORED TO SPEAK WITH YOU TODAY ON BEHALF OF THE MUSEUM WHERE I SERVE AS CEO. THE DOSEUM IS SAN ANTONIO'S 
          [02:15:01]
CHILDREN'S MUSEUM WITH OVER 400,000 GUESTS A YEAR. THE DOSEUM SITS NEAR THE BROADWAY CULTURAL CORRIDOR ON THE GATEWAY TO DOWNTOWN. WE RECOGNIZE WHAT HAPPENS DOWNTOWN WILL HELP SHAPE THE FUTURE OF SAN ANTONIO AS A DESTINATION ENVIRONMENT. 
          WE SUPPORT THE PROPOSAL FOR THE DOWNTOWN SPORTS AND ENTERTAINMENT DISTRICT KNOWING THAT ITS SUCCESS WILL UPLIFT EVERYONE ENGAGED IN SAN ANTONIO'S CULTURAL TOURISM SECTORS. SAN ANTONIO IS A PLACE WHERE CULTURE ISN'T JUST THE BACKDROP, IT'S THE HEARTBEAT OF WHO WE ARE. THIS PROPOSAL IS A CHANCE TO STRENGTHEN BOTH THE QUALITY OF LIFE FOR RESIDENTS AND OUR CULTURAL IDENTITY THAT DEFINES US. WE BELIEVE IDENTITY THROUGH RENEWED VENUES AND A SEAMLESS CONNECTIVITY AND MOVEMENT THAT IS ESSENTIAL TO A THRIVING, GROWING DOWNTOWN. ALONGSIDE INSTITUTIONS LIKE THE SPURS, THE ALAMO, AND OUR NEIGHBORS AT THE ZOO, WE WELCOME LIFELONG LOCALS AND FIRST-TIME GUESTS WITH ENTHUSIASM. WE WANT TO THANK MAYOR JONES, THE COUNCIL, AND JUDGE SAKAI AND THE -- EXCUSE ME. A LITTLE BIT NERVOUS HERE. AND THE COUNTY. 
          IT'S AN HONOR TO BE WITH YOU TODAY. THANK YOU FOR INCLUDING ME. 
          [APPLAUSE] >> MAYOR JONES: FATHER DRENNEN FOLLOWED BY TIM 
          MORROW. >> WE ARE REPRESENTING COPS/METRO ALLIANCE. 
          MAY WE HAVE THE SIX MINUTES? >> MAYOR JONES: FATHER, WHO ELSE IS SIGNED UP WITH YOU? 
          >> THESE FOLKS HERE. MIKE PHILIPSDR AND -- NO, THEY'E NOT SIGNED UP. 
          SORRY. >> MAYOR JONES: TWO MINUTES, FATHER. 
          >> WE WANT TO BEGIN BY THANKING YOU FOR ALLOWING US TO SPEAK. FATHER JIMMY DRENNEN WITH COPS/METRO ALLIANCE. WE HAVE GREAT CONCERN. WE BELIEVE IN ECONOMIC DEVELOPMENT AND WE WANT TO SEE CONTINUED ECONOMIC DEVELOPMENT FOR THE CITY OF SAN ANTONIO. 
          BUT OUR CONCERNS ARE THIS. JUST TODAY I WAS WATCHING THE EXPRESSIONS OF EACH AND EVERY ONE OF YOU WHEN YOU WERE FINDING OUT AT THIS VERY MEETING THAT THERE IS STILL AN ECONOMIC IMPACT STUDY THAT NEEDS TO BE PRESENTED TO YOU FROM CSL AND YOU WERE SAYING THAT'S STILL COMING. AND THEY REPORTED YES. WE DO NOT HAVE ALL THE INFORMATION. IT IS INCREDIBLE THAT WE WOULD BE ASKED THAT YOU WOULD BE ASKED TO MOVE THIS FORWARD TO AN ELECTION WITHOUT HAVING ALL THE INFORMATION. 
          WE KNOW THAT THE SPURS' ECONOMIC STUDY WAS DONE IN JANUARY. 
          BUT WE HAVE JUST RECEIVED IT. WE DESERVE MORE. WE DESERVE TO BE AN INFORMED CITY AND AN INFORMED COUNCIL AND LEADERSHIP FOR THE CITY. IT'S INTERESTING TO NOTE THAT ALL OF THE PUBLIC SESSIONS THAT WERE DONE WERE DONE BEFORE ANY OF THIS INFORMATION WAS RELEASED. WHY ISN'T THE CITY OF SAN ANTONIO GIVEN THE OPPORTUNITY, THE CITIZENS, TO HAVE THAT INFORMATION SO THEY CAN MAKE EDUCATED, WELL-INFORMED DECISIONS, RECOMMENDATIONS, AND ASK QUESTIONS. WHY WOULD WE EVER HAVE A SERIES OF SESSIONS FOR THE CITIZENS OF SAN ANTONIO WHEN YOU HAVE NOT YET RECEIVED THE REPORTS? WE HAVE NOT YET RECEIVED THE REPORTS. IT IS UNCONSCIONABLE TO EXPECT THE CITIZENS OF SAN ANTONIO TO BE TREATED THIS WAY. WE ARE ASKING THAT YOU PLEASE POSTPONE THIS VOTE, ALLOW US TO BE EDUCATED. ALLOW US TO EXAMINE THESE STUDIES. AND WE ARE DEMANDING AN INDEPENDENT ECONOMIC STUDY THAT HAS ALL OF THE FACETS PRESENTED TO YOU, TO YOU, MAYOR, AND TO THE CITIZENS OF SAN ANTONIO SO 
          THAT WE CAN MOVE FORWARD! THANK YOU VERY MUCH. >> MAYOR JONES: TIM MORROW 
          FOLLOWED BY SARAH RUSH, PLEASE. >> GOOD AFTERNOON, MAYOR AND COUNCIL. TIM MORROW, I'M PRESIDENT AND CEO OF THE SAN ANTONIO ZOO. 
          A PLACE WHERE SAN ANTONIANS HAVE VISITED FOR OVER 111 YEARS. 
          I'M ALSO THE FORMER CHAIR OF SAN ANTONIO VISITOR ALLIANCE, THE CURRENT CHAIR OF TEXAS TRAVEL ALLIANCE. I HAVE BEEN WORKING IN THE TOURISM INDUSTRY IN SAN ANTONIO SINCE 1991 STARTING AS A LIFEGUARD AND WORKING MY WAY UP THROUGH 19 YEARS OF SEA WORLD BEFORE TAKING ON MY ROLE AT THE SAN ANTONIO ZOO TEN YEARS AGO. BOND TOURISM I VOLUNTEER IN THE COMMUNITY, SERVING ON BOARDS AND COMMITTEES AND I DO ALL OF THIS BECAUSE OF MY LOVE FOR THE CITY. I FIRST MOVED TO SAN ANTONIO AS A SECOND-GRADER AND INSTANTLY FELL IN LOVE WITH THE SPURS. I NOW TAKE MY CHILDREN TO SPURS GAMES AND HAVE ENJOYED WATCHING THEM CHEERING FOR SAN ANTONIO'S ONLY MAJOR LEAGUE TEAM. I CAN TELL YOU THAT KEEPS THE SPURS IN A NEW ARENA DOWNTOWN IS CRITICAL FOR MANY REASONS. GREAT CITIES NEED GREAT 
          [02:20:06]
DOWNTOWNS. THE SPURS AND PROJECT MARVEL DO THAT FOR OUR CITY. 
          THE ECONOMIC IMPACT THE SPURS PROVIDE OUR CITY. THE RECOGNITION WE GET FROM THE SPURS AROUND THE WORLD AND NATION. THE QUALITY OF LIFE THIS PROVIDES WHEN CORPORATIONS ARE LOOKING TO MOVE TO SAN ANTONIO. 
          THAT IS A BIG ONE FOR OPERATORS SUCH AS THE SAN ANTONIO ZOO, THE NONPROFIT. 
          WE DEPEND ON VISITATION AND DONATIONS TO GROW AND HAVING A STRONG CORPORATE COMMUNITY IS CRITICAL TO OUR SUCCESS. TOURISM IS CRITICAL FOR THE SUCCESS OF SAN ANTONIO WHICH IS WHY PROJECTS LIKE A NEW ARENA AND UPDATED ALAMODOME AND UPDATED CONVENTION CENTER AND MORE AMENITIES FOR TOURISTS AND LOCALS ARE SO CRITICAL ACROSS A BROAD SPECTRUM. 
          IN CLOSING, I ASK THAT YOU ALL WORK TO BUILD SAN ANTONIO THROUGH GROWTH PROJECTS SUCH AS DOWNTOWN ARENA AND WORK TO MAXIMIZE THE ECONOMIC IMPACT OF THESE PROJECTS FOR THE BETTERMENT OF OUR COMMUNITY IN ALL CORNERS. I THANK YOU AND I ASK THAT YOU SUPPORT STAFF MOVING FORWARD WITH NEGOTIATIONS IN RETURNING TO COUNCIL WITH A NEGOTIATED TERM SHEET IN THE NEXT COUPLE OF WEEKS. I WANTED TO MENTION THE COMMANDERS WHO I CAN'T STAND. THAT'S AN EXAMPLE OF A PLACE THAT LOST THEIR TEAM 30 YEARS AGO AND ARE STILL TRYING TO GET THEM BACK . [APPLAUSE] 
          >> MAYOR JONES: SARAH RUSH FOLLOWED BY BENITO. >> HONORABLE MAYOR AND COUNCIL MEMBERS, THANK YOU SO MUCH. GOOD AFTERNOON. MY NAME IS SARAH RUSH, A PROUD DISTRICT 1 RESIDENT RIGHT NOW SAN ANTONIO IS A REGION ON THE RISE. WE'RE THE FASTEST GROWING JOB MARKET IN TEXAS AND THE THIRD-FASTEST IN THE NATION. WE ARE GROWING FASTER HERE THAN ANYWHERE ELSE IN THE STATE. THE AVERAGE SAN ANTONIO WORKER EARNS MORE LIKE LAS VEGAS AND MIAMI AND THAT IS BECAUSE OF THE INVESTMENTS WE HAVE MADE AS A COMMUNITY AND WORKFORCE DEVELOPMENT AND EDUCATION . AND OUR JOBS PIPELINE HAS NEVER BEEN STRONGER WITH COMPANIES FROM AROUND THE WORLD CONSIDERING INVESTING UPWARDS OF 20,000 JOBS IN OUR PIPELINE TODAY. AND $14 BILLION IN CAPITAL INVESTMENT. 
          THESE POTENTIAL JOBS WHEN REALIZED WILL DRIVE ECONOMIC MOBILITY FOR ALL SAN ANTONIO RESIDENTS. THAT'S MOMENTUM THAT WE CAN'T AFFORD TO LOSE. 
          WHEN I TALK WITH COMPANIES FROM AROUND THE WORLD, THEY ALL TELL ME THE SAME THING. 
          TALENT DRIVES THEIR BUSINESS DECISIONS AND TODAY'S TALENT WANTS MORE THAN JOBS. 
          THEY WANT VIBRANT, CONNECTED COMMUNITIES. THIS ISN'T JUST ABOUT A VENUE, IT'S ABOUT BUILDING A PLACE WHERE PEOPLE WANT TO LIVE, WORK, AND STAY. 
          74% OF TOP SITE SELECTION CONSULTANTS STRONGLY AGREE THAT COMMUNITY DEVELOPMENT IS CRITICAL TO WINNING JOBS. THIS PROJECT DELIVERS ALL THREE. 
          A STRONG HEADQUARTERS BASE IS ONE OF THE MOST POWERFUL ECONOMIC DRIVERS WE CAN BUILD. 
          FOR EVERY 100 JOBS IN A CORPORATE HQ, 400 MORE ARE CREATED IN THE COMMUNITY. 
          THAT'S HOW WE CREATE MORE JOBS. BY THIS TYPE OF AN INVESTMENT. 
          OPENING MORE DOORS OF OPPORTUNITY AND HELPING MORE SAN ANTONIANS GET AHEAD. 
          THIS IS A GENERATIONAL OPPORTUNITY AND IT TELLS THE WORLD THAT SAN ANTONIO IS READY TO COMPETE AT THE HIGHEST LEVEL AND THAT WE ARE WILLING TO INVEST IN OURSELVES AND THINK BOLDLY ABOUT OUR FUTURE. THANK YOU. [APPLAUSE] 
          >> MAYOR JONES: BENITO AKOVIO. EDDIE ALDERETE FOLLOWED BY 
          JESSE SUAREZ. >> GOOD AFTERNOON, MAYOR JONES, MEMBERS OF THE COUNCIL, MANAGER WALSH. GREAT CITIES RISE FROM MOMENTS IN TIME WHEN THOSE CITIES HAVE CHOSEN TO INVEST IN THEIR FUTURE. WHAT WE'RE DISCUSSING HERE TODAY IS ONE SUCH MOMENT. SAN ANTONIO'S ALREADY A CITY THAT'S RICH IN HISTORY, CULTURE, TRADITION, AND BUSINESS. AND PART OF OUR CHALLENGE -- AND I THINK WHAT SEEMS TO BE COMING TOGETHER -- IS BALANCING BOTH VENUE LIFE AND DAILY LIFE IN THIS DOWNTOWN AREA. ON A PERSONAL NOTE, MY WIFE AND I ARE BLESSED THAT OUR THREE ADULT CHILDREN HAVE ALL CHOSEN TO STAY IN SAN ANTONIO. BUT WE DON'T TAKE THAT FOR 
          [02:25:07]
GRANTED BECAUSE TEXAS CITIES ARE COMPETITIVE. AND THEY WOULD LOVE TO LURE OUR CHILDREN AWAY TO THEIR JOB OPENINGS, THEIR DAILY LIVES, THEIR DAILY AMENITIES. 
          AND ON A PROFESSIONAL NOTE, WHAT YOU JUST HEARD FROM SARAH WAS WE SPEND A LOT OF TIME, ENERGY, EFFORT, RESOURCES, AND MONEY TO RECRUIT COMPANIES TO COME HERE. 
          PART OF OUR CHALLENGE IS TO BALANCE BUSINESS RETENTION WITH BUSINESS RECRUITMENT. 
          THEREFORE, SAYING NO IS NOT AN OPTION. DOING NOTHING IS NOT AN OPTION. KEEPING THE STATUS QUO IS NOT AN OPTION. 
          IN RAISING OUR CHILDREN, CHRISTINA AND I HAVE DONE WHAT WE BELIEVE IS THE BEST WE CAN DO TO PREPARE OUR CHILDREN FOR THE FUTURE. THE QUESTION IS:  IS SAN ANTONIO WILLING TO FIGHT TO KEEP THEM? I ENCOURAGE YOU TO SUPPORT THE SPORTS AND ENTERTAINMENT DISTRICT, WHICH INCLUDES THE NEW ARENA FOR THE SPURS. 
          THANK YOU. [APPLAUSE] >> MAYOR JONES: JESSE 
          FOLLOWED BY BILL. >> GOOD AFTERNOON, MAYOR JONES AND COUNCIL MEMBERS. 
          THANK YOU SO MUCH AGAIN FOR HAVING US . OUR INPUT IS DEFINITELY TAKEN THROUGH YOU GUYS AND WE APPRECIATE THAT. I'M SPEAKING HERE AS A DOWNTOWN RESIDENT, AS A YOUNG PROFESSIONAL WHO ACTUALLY CHOSE TO STAY IN SAN ANTONIO AND BUILD A CAREER HERE IN A CITY I CALL HOME. I GREW UP IN DISTRICT 1 AS A CHILD AND NOW AS AN ADULT AND I WENT TO THE DISCUSSIONS THAT LORI HOUSTON AND ALL OF YOU HOSTED. IT DESCRIBED EVERYTHING WE NEEDED TO KNOW. 
          THE QUESTIONS WERE ANSWERED. EVERYONE HAD AN OPPORTUNITY TO TALK. 
          AND IT DEFINITELY GAVE AN EYE-OPENING EXPERIENCE OF WHAT THIS NEXT LEVEL EXPERIENCE OF THE SPORTS AND ENTERTAINMENT DISTRICT COULD BE FOR SAN ANTONIO. 
          LET ME REMIND YOU IT'S NOT JUST SPORTS, IT'S ENTERTAINMENT AS WELL. 
          IT IS A PLACE FOR US TO ENJOY, TO WALK, TO LIVE, AND THRIVE. FROM WHAT'S GOING ON AT THE RODEO TO THE AIRPORT EXPANSION, PEOPLE ARE SEEING US ALONG THE WORLD AS THE CROWN JEWEL THAT WE ARE AS OUR CITY. NOW, LET ME TELL YOU POPCORN ISN'T 25 CENTS ANYMORE. 
          WE GOT TO MOVE ON. AS A FUTURISTIC CITY FOR THOSE THAT LIVE AND STAY AND WORK IN SAN ANTONIO. AND UNFORTUNATELY A LOT OF STUDENTS AND GRADUATES FROM OUR WONDERFUL UNIVERSITIES HAVE LEFT TO AUSTIN, TO HOUSTON, TO DALLAS. 
          WHY? BECAUSE WE CAN'T KEEP UP AS A CITY. 
          AND UNFORTUNATELY, WE ARE LOSING THAT TALENT. AND I HOPE THAT YOU AS A COUNCIL, YOU AS MAYOR JONES, WILL MAKE SURE THAT WE HAVE A PLACE TO LIVE, WORK, AND CONTINUE OUR CAREER PATH, NOT JUST FROM THE START OF GRADUATION BUT THROUGH THE ENTIRETY OF OUR LIVES. AND WITH THAT, I DEFINITELY ENCOURAGE YOU TO MAKE THIS A POSITIVE OUTCOME FOR OUR COMMUNITY. WHO IS GOING TO CREATE THIS STADIUM FOR US? WHO IS GOING TO CREATE ALL OF THESE OPPORTUNITIES FOR US? IT IS OUR ARTISTS. IT'S OUR CONTRACTORS. IT'S OUR PEOPLE THAT ARE ACTUALLY BUILDING WITH THEIR HANDS FROM OUR COMMUNITY FOR THIS AMAZING OPPORTUNITY. 
          AS I ASK YOU, KEEP THIS PROJECT MOVING, MAKE THIS SPACE FOR A REAL COMMUNITY. 
          AND, YOU KNOW, WE LOOKED AT THE NUMBERS NOW MAKE THIS ABOUT SAN ANTONIO AND MAKE THIS ABOUT OUR HOME. THANK YOU. [APPLAUSE] 
          >> MAYOR JONES: BILL BRINDLE FOLLOWED BY ROBERT SHELBY. >> THANK YOU, MAYOR AND COUNCIL. ON BEHALF OF THE SAN ANTONIO VISITOR ALLIANCE, A LOCAL TOURISM ADVOCACY ORGANIZATION THAT WAS ESTABLISHED HERE IN THE MID-'90S, I'M HERE TODAY TO EXPRESS OUR STRONG SUPPORT FOR THE PROPOSED SPORTS AND ENTERTAINMENT DISTRICT IN DOWNTOWN. ACCORDING TO OUR MOST RECENT ECONOMIC STUDY FROM 2023, THE TOURISM INDUSTRY WELCOMED 36 MILLION VISITORS TO OUR COMMUNITY. 
          WE CONTRIBUTE $21 BILLION IN ECONOMIC IMPACT, SUPPORTING NEARLY 150,000 JOBS, APPROXIMATELY ONE IN EIGHT CITIZENS OF SAN ANTONIO. AND GENERATING AN ANNUAL PAYROLL OF $4.6 BILLION. THESE NUMBERS UNDERSCORE THE VITAL ROLE THAT TOURISM AND HOSPITALITY PLAY IN SAN ANTONIO. WE HAVE HAD GENERATIONS OF LOCAL LEADERS WHO SAW OPPORTUNITIES FOR SAN ANTONIO AND THEY INVESTED TIME, ENERGY, AND FINANCES INTO MAJOR TOURISM HUBS. THE REDEVELOPED ALAMO COMPLEX. 
          HEMISFAIR, THE RIVER WALK, THE MUSEUM, AND MISSION REACHES OF THE RIVER, AND THE PEARL DISTRICT, JUST TO NAME A FEW. IT'S TIME FOR LEADERSHIP TO SET THE STAGE FOR THE NEXT ITERATION OF SAN ANTONIO'S DOWNTOWN AND WE BELIEVE THIS SPORTS ENTERTAINMENT DEVELOPMENT IS THAT INVESTMENT. THIS VISIONARY PROJECT REPRESENTS A TRANSFORMATIVE OPPORTUNITY FOR SAN ANTONIO. ONE THAT WILL STIMULATE 
          [02:30:04]
ECONOMIC GROWTH, ELEVATE OUR CULTURAL AND ENTERTAINMENT OFFERINGS, AND FURTHER INVEST IN A CRITICAL AREA OF OUR DOWNTOWN. JUST AS IMPORTANTLY, IT PROMISES TO ENRICH THE QUALITY OF LIFE FOR RESIDENTS AND FOR VISITORS. 
          SAN ANTONIO IS KNOWN FOR ITS RICH, CULTURAL HERITAGE. A THRIVING TOURISM INDUSTRY AND A PASSIONATE SPORTS FAN BASE. THE CREATION OF A MODERN AND INTEGRATED DISTRICT THAT BRINGS TOGETHER FAMILY-FRIENDLY AREAS, CONVENTION SPACE, SPORTS, LIVE MUSIC, AND ENTERTAINMENT WILL HELP POSITION OUR CITY AS A PREMIER DESTINATION FOR INNOVATION EVENTS AND INVESTMENT. THANK YOU. [APPLAUSE] 
          >> MAYOR JONES: ROBERT SHELBY FOLLOWED BY JOHN HINOJOSA. >> GOOD AFTERNOON, MAYOR, CITY COUNCIL. I'M ROBERT SHELBY. I LIVE IN COUNCILMAN COURAGE'S DISTRICT 1. IN THE INTEREST OF FULL DISCLOSURE, I AM FROM INDIANA AND AS SUCH A BIG BASKETBALL FAN. I HAVE BEEN IN TEXAS FOR OVER 53 YEARS AND CONSIDER MYSELF AS A NATURALIZED TEXAN. ALMOST HALF OF MY TIME HERE I HAVE HAD SEASON TICKETS TO THE SPURS' GAMES. SO I DO HAVE SOME PREJUDICE IN FAVOR OF THE SPURS. THEY HAVE AN EXCELLENT STAFF AND ARE GOOD CITIZENS OF SAN ANTONIO. AT THE MEETING LAST MONTH, I HEARD THE MAYOR STATE THAT SHE THOUGHT THE SPURS SHOULD GIVE THE CITY A PORTION OF THEIR TICKET SALES, CONCESSIONS, AND PARKING. IN OTHER WORDS, IF THE SPURS WANT A NEW ARENA, THEY HAVE TO PAY THE CITY A KICKBACK TO GET THE APPROVAL. THE CITY IS NOT EVEN GOING TO SPEND ANY MONEY TO BUILD THE NEW ARENA. THEY WILL NEED TO SELL BONDS TO BUILD THE INFRASTRUCTURE THAT WILL BE NEEDED FOR THE HEMISFAIR DEVELOPMENT, WHETHER THE ARENA IS BUILT OR SOME OTHER STRUCTURE IS BUILT. THESE BONDS WILL BE PAID OFF BY THE USE OF PROJECT MARVEL LAND. THE MAYOR AND CITY COUNCIL SHOULD NOT BE LOOKING TO THE DEVELOPERS AND BUSINESSES THAT WILL BE DOING BUSINESS IN THE CITY TO BALANCE THE CITY BUDGET. DO YOUR JOB AND BALANCE THE BUDGET PROVIDING THE BASIC SERVICES THAT THE CITIZENS DESERVE AND EXPECT FROM THE CITY. THIS MAYOR AND CITY COUNCIL NEED TO LOOK AT THE BIG PICTURE OF THE SPORTS AND ENTERTAINMENT DISTRICT. IT IS NOT JUST THE NEW ARENA FOR THE SPURS. ALL THE OTHER DEVELOPMENT WILL ALSO BRING VISITORS AND CUSTOMERS TO THE AREA. HOPEFULLY, THE ADDITIONS TO THE ALAMODOME WILL GIVE SAN ANTONIO ANOTHER FINAL FOUR. THOSE VISITING PEOPLE WILL BE PAYING SALES TAX, OUT OF TOWN VISITORS MAY BE USING HOTEL ROOMS AND RENTAL CARS THAT WILL GENERATE COUNTY REVENUE FOR THE VENUE TAX TO FUND THE COUNTY PORTION OF THE ARENA COST. AT THE LAST MEETING, OPPONENTS TO THE SPORTS AND ENTERTAINMENT DISTRICT LISTED SEVERAL THINGS THE MONEY SHOULD BE USED FOR INSTEAD OF THAT. IN CLOSING, MOVE FORWARD WITH THE NEW ARENA. 
          [APPLAUSE] >> MAYOR JONES: JOHN HINOJOSA FOLLOWED BY DEREK FOX, PLEASE. 
          DEREK FOX FOLLOWED BY LAUREN MENDEL. >> MAYOR JONES AND COUNCIL, THANK YOU FOR THE OPPORTUNITY TO SPEAK HERE TODAY. I'M DEREK FOX. 
          WORK IN DISTRICT 2 AND SERVE AS EXECUTIVE DIRECTOR OF THE VALERO ALAMO BOWL SINCE 1992. 
          OUR 32 GAMES HAVE DELIVERED $1.2 BILLION IN ECONOMIC IMPACT, DRAWN NEARLY 2 MILLION FANS, AND ATTRACTED 173 MILLION NATIONAL VIEWERS SHOWCASING SAN ANTONIO ACROSS THE COUNTRY. 
          BEYOND THE BIG NUMBERS, THE ALAMODOME HAS HELPED US BUILD SOMETHING THAT BELONGS TO OUR CITY. A HOLIDAY TRADITION THAT BRINGS OUR CITIZENS TOGETHER TO CELEBRATE, CONNECT, AND HOST VISITORS WHO EXPERIENCE SAN ANTONIO AT ITS VERY BEST. 
          MORE IMPORTANTLY, THE IMPACT IS DEEPLY LOCAL. WE HAVE TICKETHOLDERS IN EACH OF YOUR DISTRICTS. EVERY HIGH SCHOOL AND UNIVERSITY IN YOUR DISTRICTS RECEIVE SCHOLARSHIPS TO THE BOWL. 12MILLION SO FAR SINCE 2020 AND $1.2 MILLION ALONE LAST YEAR. WE'RE PROUD TO BE THE NUMBER ONE LOCAL SCHOLARSHIP GIVER OF ALL BOWL GAMES. WE WORK HARD TO MOVE UP THE RUNG TO OUR POSITION AS THE TOP BOWL OUTSIDE THE CFP. WE HAVE LEAPFROGGED CITIES WHO HAVE NOT INVESTED IN THEIR CITIES. TO MAINTAIN OUR POSITION THAT DELIVERED $59 MILLION IN IMPACT LAST YEAR AND ATTRACT FUTURE OPPORTUNITIES TO SAN ANTONIO, THE ALAMODOME MUST EVOLVE. 
          [02:35:05]
THE PROPOSED SPORTS AND ENTERTAINMENT DISTRICT ENSURES WE DON'T JUST KEEP PACE, BUT LEAD. THIS IS ABOUT MORE THAN FACILITIES. 
          IT'S ABOUT BUILDING UPON WHAT MAKES OUR CITY SO SPECIAL. A VIBRANT, WALKABLE, WORLD-CLASS DOWNTOWN THAT REFLECTS WHO WE ARE AND WHERE WE'RE HEADED. 
          LET'S KEEP OUR MOMENTUM GOING AND ENSURE SAN ANTONIO KEEPS SHINING ON THE NATIONAL STAGE. 
          WE SUPPORT THE CITY STAFF'S RECOMMENDATION ON THE SPORTS AND ENTERTAINMENT DISTRICT AND THANK MAYOR JONES, CITY COUNCIL, AND JUDGE SAKAI FOR THEIR LEADERSHIP ON THIS TRANSFORMATIONAL INITIATIVE. THANK YOU. [APPLAUSE] 
          >> MAYOR JONES: LAUREN MENDEL FOLLOWED BY STEPHANIE REYES. >> THANK YOU, MAYOR JONES AND COUNCIL MEMBERS FOR THE OPPORTUNITY TO SPEAK TODAY ON BEHALF OF THE SAN ANTONIO CHAPTER OF ASSOCIATED GENERAL CONTRACTORS AND OUR 285-MEMBER COMPANIES. 
          I'M HERE TO EXPRESS OUR SUPPORT FOR THE PROPOSED SPORTS AND ENTERTAINMENT DISTRICT, A TRANSFORMATIVE INVESTMENT IN OUR CITY'S ECONOMIC FUTURE. OUR TRADE PARTNERS, SERVICE PROVIDERS, AND SUPPLIERS ARE READY TO ROLL UP THEIR SLEEVES AND HELP BUILD THESE PROJECTS FROM THE GROUND UP. FROM A COMMERCIAL CONSTRUCTION PERSPECTIVE, THE BENEFITS ARE CLEAR. THE DEVELOPMENT PHASE ALONE IS EXPECTED TO GENERATE THOUSANDS OF JOBS, NOT JUST IN CONSTRUCTION BUT ACROSS ARCHITECTURE, ENGINEERING, LOGISTICS, MATERIALS, DESIGN, AND PROJECT MANAGEMENT. THESE WILL BE THOUSANDS OF WELL-PAYING JOBS THAT PUT FOOD ON THE TABLE AND SUPPORT FAMILIES HERE IN SAN ANTONIO. 
          OPPORTUNITIES LIKE THESE GIVE FOLKS A PATHWAY INTO SUCCESSFUL AND MEANINGFUL CAREERS IN THE TRADES. AND WHEN YOU INVEST IN LOCAL TALENT, THE BENEFITS MULTIPLY AND STAY HERE AT HOME. THIS ISN'T JUST FOR TOURISTS. IT'S FOR OUR RESIDENTS AND HELPS FUTURE-PROOF OUR CITY. PREPARING IT FOR GROWTH WHILE HONORING THOSE THINGS THAT MAKE US UNIQUELY SAN ANTONIO. THE COMMERCIAL CONSTRUCTION INDUSTRY STANDS READY TO S BUILD NOT JUST THE STRUCTURES BUT THE FOUNDATION FOR SAN ANTONIO'S CONTINUED GROWTH, OPPORTUNITY, AND SHARED PROSPERITY. THANK YOU. [APPLAUSE] 
          >> MAYOR JONES: STEPHANIE REYES FOLLOWED BY MARIO BASS. >> GOOD AFTERNOON, MAYOR, CITY COUNCIL MEMBERS. MY NAME IS STEPHANIE REYES AND I AM PROUD PRESIDENT AND CEO FOR THE REAL ESTATE COUNCIL OF SAN ANTONIO AND I'M JOINED BY SEVERAL OF OUR BOARD MEMBERS. 
          ON BEHALF OF OUR MORE THAN 300 MEMBER COMPANIES AND 1400 INDUSTRY PROFESSIONALS IN THE COMMERCIAL REAL ESTATE INDUSTRY, I'M HERE TODAY TO EXPRESS OUR STRONG SUPPORT OF THE PROPOSED SPORTS AND ENTERTAINMENT DISTRICT. OUR MISSION IS TO ADVOCATE FOR POLICIES THAT SUPPORT AFFORDABLE, RESPONSIBLE, AND SUSTAINABLE DEVELOPMENT AND WE BELIEVE THAT THE VISION OF THE DISTRICT ALIGNS WITH THAT MISSION. 
          REVITALIZING OUR URBAN CORE THERE STRATEGIC INVESTMENT THAT WILL DRIVE LONG-TERM ECONOMIC GROWTH, CREATE NEW JOBS, AND ENHANCE THE QUALITY OF LIFE FOR RESIDENTS AND VISITORS ALIKE. 
          THE PROJECTED IMPACT OF THIS INITIATIVE IS TRANSFORMATIVE. ACCORDING TO THE CITY'S OWN CONSULTANT, THE DEVELOPMENT OF THE DISTRICT WOULD GENERATE AN ESTIMATED $18.7 BILLION IN ECONOMIC ACTIVITY OVER THE 30 YEARS. THE CITY STANDS TO BENEFIT FROM 3$351 MILLION IN TAX REVENUE WITHOUT THE USE OF GENERAL FUND DOLLARS OR TAXPAYER BURDEN. 
          THE SPURS IN PARTNERSHIP WITH PRIVATE INVESTORS HAVE COMMITTED OVER $1 BILLION TO ANCHOR THE EFFORT. THIS KIND OF PRIVATE SECTOR LEADERSHIP COUPLED WITH A LONG-TERM VISION FROM THE PUBLIC SECTOR IS EXACTLY THE KIND OF COLLABORATION THAT THIS CITY NEEDS TO SECURE A VIBRANT AND COMPETITIVE FUTURE FOR DOWNTOWN. 
          IT IS IMPORTANT TO RECOGNIZE HOW CRITICAL THE SPURS ARE TO THIS ECONOMY. 
          FOR SEVERAL ECONOMIC, CULTURAL, AND COMMUNITY-BASED REASONS. THE SPURS GENERATE HUNDREDS OF JOBS DIRECTLY THROUGH THE ORGANIZATION AND INDIRECTLY THROUGH EVENTS, TOURISM, VENDORS, AND HOSPITALITY. SPURS GAMES AND EVENTS ATTRACT THOUSANDS OF OUT OF TOWN VISITORS. THE VISITORS SPENDING BOOST LOCAL BUSINESSES AND SALES TAX REVENUE. THEIR PRESENCE IN DOWNTOWN WILL ANCHOR PRIVATE INVESTMENT. 
          THE SPURS ARE NOT JUST A TEAM, THEY ARE SYMBOLIC OF SAN ANTONIO'S IDENTITY AND OUR PRIDE. WE ENCOURAGE CITY COUNCIL TO MOVE FORWARD WITH THIS 
          INITIATIVE -- >> MAYOR JONES: THANK YOU. THANK YOU. 
          [APPLAUSE] >> MAYOR JONES: MARIO BASS FOLLOWED BY JOHNNY HERNANDEZ. 
          >> THANK YOU. GOOD AFTERNOON, MAYOR JONES AND ESTEEMED COUNCIL. 
          [02:40:05]
MY NAME IS MARIO BASS. I'M THE PRESIDENT AND CEO WITH VISIT SAN ANTONIO. 
          I LIVE IN DISTRICT 10 AND I WORK IN DISTRICT 1. THE CONVENTION CENTER EXPANSION WITH ITS ELEMENT OF THE PROPOSED CONVENTION CENTER EXPANSION AND THE ENTERTAINMENT DISTRICT WILL OPEN UP THE DOORS FOR A LARGER CONVENTION GROUPS THAT CAN EXPLORE SAN ANTONIO AND BE IMMERSED IN OUR HISTORY AND IN OUR CULTURE AS WELL AS THE REST OF OUR INCREDIBLE CITY. IN FACT, MEETING GROUPS LOOK TO OTHER CITIES THAT CAN ACCOMMODATE THEIR MEETING SPACE AND TECHNOLOGICAL NEEDS. FROM 2019 TO 2024, SAN ANTONIO LOST MORE THAN $716 MILLION IN ECONOMIC IMPACT FROM MAJOR CONVENTIONS. 
          AND 465,000 POTENTIAL VISITORS BECAUSE THE HENRY B. GONZALEZ CONVENTION CENTER IS JUST TOO SMALL. AN ANALYSIS SHOWED US IF SAN ANTONIO WAS TO EXPAND OUR CONVENTION CENTER BY AN ADDITIONAL CONTIGUOUS 200,000 SQUARE FEET OF EXHIBIT SPACE, THERE ARE 94 GROUPS REPRESENTING 921 MILLION, ALMOST A BILLION DOLLARS IN ECONOMIC IMPACT, REPRESENTING 1.7 MILLION POTENTIAL VISITORS THAT WE CAN PROSPECT AND TRY TO BRING TO OUR CITY. THIS PROPOSED EXPANSION ENABLES US TO RETAIN THE CONVENTION BUSINESS OF HIGH-LEVEL CORPORATIONS AND ASSOCIATIONS SUCH AS THE AMERICAN ACADEMY OF OPHTHALMOLOGY. IT REPRESENTS 26,000 ATTENDEES AND AN ECONOMIC IMPACT OF $20 MILLION. THAT'S JUST WITHIN A SHORT TIME PERIOD. 
          AND IN CLOSING, WE WOULD ALSO LIKE TO STATE THAT EVERY YEAR WE CONTINUE TO SEE MORE AND MORE DEMAND FOR OUR DESTINATION. THANK YOU FOR YOUR 
          CONSIDERATION. [APPLAUSE] >> MAYOR JONES: JOHNNY 
          HERNANDEZ FOLLOWED BY LINDSAY ANDREWS. >> GOOD AFTERNOON, MAYOR JONES, CITY COUNCIL, CITY MANAGER. THANK YOU FOR THE OPPORTUNITY. I'M GOING TO DATE MYSELF BUT I REMEMBER SITTING AT THE HEMISFAIR ARENA WATCHING THE SPURS IN THE OLD ARENA THAT WAS ALREADY DOWNTOWN. WE ARE CELEBRATING 30 YEARS AS A LOCAL BUSINESS, TRUE FLAVORS. 20 OF THOSE YEARS HAS BEEN IN THE CONVENTION CENTER. 
          10 OF THOSE YEARS WAS AS A TOURISM COMMISSION APPOINTED BY HARDBERGER AND CASTRO WHERE I LEARNED ABOUT TOURISM AND THE CONVENTION CENTER. I WANT TO TALK ABOUT THE SPURS' COMMITMENT TO LOCAL BUSINESSES. LA GLORIA PARTNERED WITH THE SPURS IN 2018. IT WAS ONE OF MY CAREER HIGHLIGHTS TO WORK WITH THE SPURS, TO SEE LA GLORIA AND OUR BRAND IN THE FROST BANK CENTER. 
          THE SPURS HAVE MADE A HUGE COMMITMENT TO LOCAL BUSINESSES. 
          THEY SPENT MILLIONS OF DOLLARS AND TIME CREATING AN AMAZING CULINARY RESIDENCY PROGRAM THAT HAS TEN LOCAL BUSINESSES, RESTAURANTS, FOOD TRUCKS, OR CHEFS. 
          EVERY SEASON WE ROTATE THE RESIDENCY PROGRAM WITH AN AMAZING TEAM. 
          CASEY, BOBBY, KEVIN, LORI, R.C., THE SPURS' LEADERSHIP IS SO DEDICATED TO OUR LOCAL BUSINESS COMMUNITY. YOU WILL NOT FIND BETTER OWNERS COMMITTED TO OUR LOCAL BUSINESSES AND GROWING IN THE NEW ARENA. I'M GOING TO SHIFT FOR A SECOND TO EDUCATION. I SERVE ON THE BOARD OF THE CULINARY INSTITUTE OF AMERICA AND I SERVE AS THE CHAIR OF THE HOSPITALITY ADVISORY BOARD FOR ST. PHILIPS COLLEGE. 
          THERE IS NOT A MORE IMPORTANT GIFT THAT YOU CAN GIVE OUR HOSPITALITY WORKFORCE THAN CREATING AN ARENA OF THE FUTURE IN OUR DOWNTOWN. THE JOB CREATION STRENGTH OF THIS TYPE OF ATTRACTION IS UNMEASURABLE AND IT'S SIMPLY NOT ABOUT THE ARENA, IT IS ABOUT THE COLLECTIVE STRENGTH OF THE SURROUNDING AREA. THE HEMISFAIR'S BEAUTY HAS EVERYTHING TO DO WITH OUR COMMUNITY. THE FAMILIES FROM THE WEST SIDE THAT COME TO VISIT OUR DOWNTOWN. MAYOR -- 
          >> MAYOR JONES: THANK YOU. >> THANK YOU SO MUCH. [APPLAUSE] 
          >> MAYOR JONES: LINDSAY ANDREWS. >> MADAME MAYOR, BEN ALSO WAS WITH ME ALSO. I BELIEVE YOU CALLED HIS NAME BEFORE. 
          BENITO. >> MAYOR JONES: SIX MINUTES. EXCUSE ME. 
          FOUR MINUTES. >> HI, EVERYONE. BENITO, DISTRICT 3. 
          [02:45:07]
          LINDSAY, I DON'T KNOW -- >> 10. >> A BIG CONCERN FOR A LOT OF US IN THE ENTERTAINMENT AND BAR INDUSTRY IS THIS WILL BECOME ANOTHER ST. MARY'S STREET OR BROADWAY CORRIDOR. WHERE LOCAL SMALL BUSINESSES LOSE OUT. 
          AND THE NON-ELECTED CITY OF SAN ANTONIO LEADERS AREN'T HELD ACCOUNTABLE. 
          ALL WE'RE ASKING IS TO SLOW THIS VOTE DOWN UNTIL MORE INFORMATION AND PLANNING CAN BE 
          DONE. THANK YOU. >> MADAME MAYOR AND EVERYBODY, ALL THE CITY COUNCIL. I WORK IN THE SERVICE INDUSTRY. 
          I HAVE WORKED IN IT FOR 25 YEARS. WHEN THEY TALK ABOUT ENTERTAINMENT, I AM ENTERTAINMENT. I HAVE BEEN AN ENTERTAINER FOR 25 YEARS. I HAVE TALKED TO MANY BARTENDERS, THOSE WHO HAVE -- THAT ARE BAR MANAGERS WHO ARE SERVERS. THOSE WHO ARE HURTING NOW. 
          THEY'RE ALREADY HURTING IN THEIR SERVICE INDUSTRY. NOT ASKING TO STOP IT. 
          WHAT I'M ASKING -- BECAUSE IT'S A GREAT IDEA. I LOVE THE FACT THAT WE ARE GOING TO DO MORE FOR OUR CITY AND MORE FOR OUR SPURS AND EVERYBODY IS GOING TO GET WHAT THEY CAN GET LATER ON. BUT WHAT ABOUT NOW? WHAT ABOUT THE PEOPLE THAT ARE SUFFERING NOW? THOSE BARTENDERS THAT ARE SITTING THERE THAT ARE NORMALLY USED TO ALL WE'RE ASKING IS TO PLEASE SLOW IT DOWN SO WE CAN GO AHEAD AND SEE WHERE THOSE PEOPLE ARE GOING TO BE ABLE TO LAND ON THEIR FEET PERFECTLY LATER. AND I THANK Y'ALL SO MUCH FOR TAKING THIS TIME OUT TO LISTEN TO US, THE PEOPLE, THE CITIZENS OF THE CITY OF SAN ANTONIO. 
          [APPLAUSE] >> MAYOR JONES: JASPER COLLIN FOLLOWED BY PHILLIP ADCOCK. 
          PHILLIP ADCOCK FOLLOWED BY GABRIEL CASTRO. >> HELLO. 
          I'M HERE TO ENCOURAGE YOU TO NOT PROGRESS ON THIS VOTE AND NO LONGER GIVE ANY MONEY TO BILLIONAIRES AND LAND TO BILLIONAIRES. I HEARD ONE OF THE PEOPLE EARLIER TALK ABOUT A GAP IN ENTERTAINMENT WITH THE SMALL OR MEDIUM-SIZE VENUES SAYING THAT DOWNTOWN SAN ANTONIO DOES NOT HAVE A 4500, 5,000 SEAT ARENA. BUT I BELIEVE LAST YEAR CITY COUNCIL APPROVED THE MISSIONS STADIUM, WHICH IS GOING TO FILL THAT GAP. 
          I'M NOT SURE IF THEY'RE COUNTING THAT IN THEIR PROJECTION. 
          THAT'S JUST COMPETING WITH ITSELF. I WANT TO ENCOURAGE THE CITY TO NOT LET THE LEECHES OF SAN ANTONIOLEECH OFF THE PEOPLE. DON'T LET THE SPURS HOLD YOU HOSTAGE LIKE THE MISSIONS DID. DON'T LET THAT HAPPEN. IF THE SPURS KEEP HOLDING US HOSTAGE THAT WILL BE THE ONLY TIME THAT I WILL EVER SAY GO, SPURS GO. 
          THANK YOU. >> MAYOR JONES: GABRIEL CASTRO FOLLOWED BY JOSHUA 
          TREVINO. >> GOOD MORNING, MAYOR AND COUNCIL MEMBERS. 
          MY NAME IS GABRIEL AND I'M 17 YEARS OLD. A STUDENT HERE IN SAN ANTONIO. 
          I CAME HERE TODAY BECAUSE I BELIEVE IN THE FUTURE OF OUR CITY. 
          AND I BELIEVE IN THE SPORTS AND ENTERTAINMENT DISTRICT, THAT THIS IS A BIG STEP IN THE RIGHT DIRECTION. THIS PROJECT ISN'T JUST ABOUT BUILDING SOMETHING NEW, IT'S ABOUT CREATING A PLACE THAT CONNECTS PEOPLE LIKE FAMILIES, STUDENTS, NEIGHBORS, NOT JUST VISITORS. A PLACE FOR CONCERTS, GAMES, FESTIVALS, AND A REAL COMMUNITY. IT'S ABOUT MAKING DOWNTOWN MORE EXCITING, MORE ACCESSIBLE, AND MORE CONNECTED. FOR YOUNG PEOPLE LIKE ME, THIS PROJECT MEANS OPPORTUNITY, NEW BUSINESSES, AND VENUES. IT GIVES US CHANCES TO GET JOBS, INTERNSHIPS, AND EXPERIENCE IN FIELDS LIKE SPORTS, TECH, AND HOSPITALITY. IT GIVES PEOPLE LIKE US A REASON TO STAY IN SAN ANTONIO AND GROW HERE. AND I REALLY RESPECT THAT THIS PROJECT IS LISTENING. I HAVE SEEN THE EFFORT TO INVOLVE THE COMMUNITY OF MEETINGS AND OUTREACH IN ALL DISTRICTS. THIS KIND OF TRANSPARENCY IS WHAT WE SHOULD EXPECT FROM BIG PROJECTS LIKE THIS. I GET THERE ARE CONCERNS BUT FROM WHAT I HAVE SEEN THIS HAS BEEN PAID FOR MOSTLY BY HOTEL AND RENTAL CAR TAXES PAID BY VISITORS. NOT BY RAISING LOCAL TAXES. AND THE SPURS ARE STEPPING UP IN A BIG WAY THAT SHOWS THIS IS A TEAM EFFORT AND NOT BEING FORCED ON US. 
          THIS IS WHAT WE SHOULD EXPECT FROM A BIG INVESTMENT LIKE THIS. 
          THIS IS BEING DONE WITH US AND NOT WITH ANYONE. IF WE DO THIS RIGHT WITH ACCOUNTABILITY, INCLUSION, AND ACCESS FOR EVERYONE, THIS DISTRICT CAN BECOME SOMETHING WE'RE PROUD OF FOR GENERATIONS. I SUPPORT THIS PROJECT. 
          I WANT TO LIVE IN A CITY THAT CREATES PLACES FOR PEOPLE TO CONNECT AND GROW. 
          [02:50:01]
          THANK YOU FOR YOUR TIME. [APPLAUSE] >> MAYOR JONES: JOSHUA 
          TREVINO FOLLOWED BY LUPITA GONZALES. >> GOOD AFTERNOON, MAYOR JONES AND ALL COUNCIL PEOPLE. MY NAME IS JOSHUA TREVINO. I AM A SENIOR AT TEXAS A&M UNIVERSITY WITH PLANS TO RETURN BACK TO MY HOME CITY UPON GRADUATION IN MAY OF 2026. 
          I CURRENTLY LIVE AND RESIDE IN DISTRICT 4 AND I'M HERE TO EXPRESS MY SUPPORT FOR THE NEW SPORTS AND ENTERTAINMENT DISTRICT. I DO TRULY BELIEVE THAT THIS PROJECT IS A SMART INVESTMENT. THIS PROJECT IS MORE THAN JUST A DEVELOPMENT. 
          I DO BELIEVE IT'S AN INVESTMENT IN SAN ANTONIO'S FUTURE. MANY FAMILIES I KNOW, INCLUDING MINE, HAVE TO TRAVEL TO DIFFERENT CITIES SUCH AS AUSTIN OR HOUSTON TO GO TO CONCERTS OR LARGER EVENTS THAT SAN ANTONIO CAN'T HAVE. BY BUILDING THIS DISTRICT HERE AT HOME, WE CREATE MORE OPPORTUNITIES FOR FAMILY TO COME TOGETHER IN THE DISTRICT AND SPEND MORE QUALITY TIME HERE IN THE CITY THAN HAVING TO LEAVE THE CITY AND GO SOMEWHERE ELSE TO SPEND THAT TIME. THIS ISN'T JUST ABOUT FUN EITHER, IT'S ABOUT ECONOMIC GROWTH. A SPORTS ENTERTAINMENT DISTRICT WILL CREATE JOBS, GENERATE LONG-TERM REVENUE FOR THE CITY AND GIVE LOCAL BUSINESSES MORE OPPORTUNITIES TO THRIVE AND GROW. IT MEANS MORE PEOPLE WILL BE SPENDING THEIR MONEY IN SAN ANTONIANS, WHETHER IT WILL BE THE LOCALS OR TOURISTS. THIS DISTRICT WILL ENHANCE AND CREATE A PLACE WHERE FAMILIES CAN GATHER, CELEBRATE, AND BUILD MEMORIES. 
          IT STRENGTHENS THE VALUE OF FAMILY THAT SAN ANTONIO HOLDS SO DEARLY TO THEIR HEART. 
          BY GIVING US MORE WAYS WE CAN CONNECT, CELEBRATE, AND ENJOY OUR CITY TOGETHER. 
          THIS DISTRICT WILL HELP KEEP SAN ANTONIO COMPETITIVE, VIBRANT, AND ATTRACTIVE. 
          NOT JUST FOR RESIDENTS BUT FOR VISITORS AND FOR FUTURE INVESTMENT AS WELL. 
          I WANT TO CONCLUDE MY TIME BY SAYING THANK YOU, MAYOR JONES, AND THANK YOU FOR THE COUNCIL PEOPLE FOR GIVING ME THE OPPORTUNITY TO SPEAK. THANK YOU. 
          [APPLAUSE] >> MAYOR JONES: LUPITA GONZALES FOLLOWED BY YOLANDA. 
          >> SO YOLANDA AND CANDY ARE CEDING THEIR TIME FOR ME. AND SHE'LL BE DOING MY SLIDES. 
          THANK YOU. GOOD AFTERNOON, MAYOR AND CITY COUNCIL MEMBERS. 
          I'VE PROVIDED YOU WITH HARD COPIES OF MY PRESENTATION SLIDES TITLED WHY A HEALTH EQUITY ANALYSIS IS ESSENTIAL FOR THE SPORTS AND ENTERTAINMENT DISTRICT PROPOSAL EVALUATION. SO WHAT IS HEALTH EQUITY? HEALTH EQUITY MEANS ALL SAN ANTONIANS HAVE A FAIR, JUST OPPORTUNITY TO ACHIEVE THEIR BEST POSSIBLE HEALTH, REGARDLESS OF WHERE THEY LIVE, HOW MUCH THEY EARN, OR THEIR BACKGROUND. 
          SO WHY DOES THIS MATTER? CONSIDERING HEALTH EQUITY IN CITY PLANNING HELPS ENSURE THAT GROWTH BENEFITS EVERYONE. AND WHAT SUPPORTS HEALTH EQUITY? A FULL HEALTH EQUITY ANALYSIS SHOULD IDEALLY ASSESS EACH OF THE VITAL CONDITIONS FOR HEALTH SUCH AS HUMANE HOUSING, A THRIVING NATURAL WORLD THAT INCLUDES CLEAN AIR, CLEAN WATER. BASIC NEEDS FOR HEALTH AND SAFETY, MEANINGFUL WORK, LIFELONG LEARNING, RELIABLE TRANSPORTATION. I RECOMMEND AN ANALYSIS IN EACH OF THESE CATEGORIES TO FULLY UNDERSTAND HOW THE PROPOSED SPORTS DISTRICT MIGHT IMPACT COMMUNITY WELL-BEING. HOWEVER, FOR THIS SHORT PRESENTATION, I'LL FOCUS ON TWO KY AREAS WITH IMMEDIATE RELEVANCE WHICH IS A CLIMATE AND HOUSING EQUITY. 
          CLIMATE EQUITY, SOME DISTRICTS ARE FACING HIGH-HEAT EXPOSURE. A CLIMATE EQUITY ANALYSIS ENSURES WE BUILD IN WAYS THAT REDUCE RISK, ESPECIALLY IN THE MOST HEAT-VULNERABLE COMMUNITIES. WITH REGARD TO HOUSING EQUITY ANALYSIS, IT BEGINS WITH ANALYZING DISPLACEMENT RISK. DEVELOPMENT CAN LEAD TO HOUSING INSTABILITY OR DISPLACEMENT OF LONG-TERM RESIDENTS. A DISPLACEMENT ANALYSIS HELPS IDENTIFY WHO IS MOST AT RISK AND GUIDES SOLUTIONS THAT PROTECT AFFORDABILITY AND STABILITY. 
          SO IF YOU LOOK AT SLIDE SAN ANTONIO'S YEARS WITH THE MOST 100-DEGREE DAYS, YOU'LL SEE THAT IN 2023 WE SURPASSED OUR PROJECTIONS. WE'RE NOT IN MILWAUKEE. 
          NEXT SLIDE IS THE HEAT VULNERABILITY. SO SOME PARTS OF SAN ANTONIO CAN GET HOTTER THAN OTHERS. CERTAIN RESIDENTS ARE MORE VULNERABLE THAN OTHERS. 
          THESE INEQUALITIES ARE DRIVEN NOT ONLY BY SOCIOECONOMIC CONDITIONS BUT ALSO THE URBAN HEAT ISLAND AFFECTS WHICH IS HIGHER TEMPERATURES WITH MORE PHYSICAL INFRASTRUCTURE, SUCH AS CONCRETE, ASPHALT, STEEL. THE NEXT SLIDE. BEXAR COUNTY HEAT-RELATED ILLNESSES IS ON THE RISE. INCLUDES DEHYDRATION, HEAT CRAMPS, HEATSTROKE, AND 
          [02:55:04]
HEAT-RELATED DEATHS. THE HEAT VULNERABILITY BY COUNCIL DISTRICT. 
          THIS IS AN AMAZING MAP. I GOT THIS FROM SA HEAT MAPS. IT'S AN INTERACTIVE MAP PRODUCED IN PARTNERSHIP WITH UTSA. THIS IS REMINISCENT OF A REDLINING MAP OF SAN ANTONIO. THE NEXT SLIDE ON REDLINING, YOU'LL SEE THE ALIGNMENT. 
          IF YOU WERE TO OVERLAP THESE TWO MAPS SO REDLINING OF SAN ANTONIO IN 1934 AND THE HEAT VULNERABILITY MAP OF TODAY. SO THIS IS IMPORTANT TO KNOW BECAUSE THIS IMPACTS OUR LIFE EXPECTANCY. ACCORDING TO OUR GEOGRAPHIC LOCATION, THERE'S A 20-YEAR DIFFERENCE BETWEEN 78207 COMPARED TO THE ZIP CODE IN OPPOSITE CONTRAST. 
          POTENTIAL STARTING QUESTIONS FOR A CLIMATE EQUITY ANALYSIS CAN INCLUDE WHAT'S THE IMPACT THAT THE SPORTS COMPLEX WILL HAVE ON EXISTING URBAN HEAT ISLANDS. 
          HOW COULD THE COMPLEX INFLUENCE THE FREQUENCY OF HEAT-RELATED ILLNESS AND EMERGENCIES. 
          THE HOUSING GUIDELINES. IN 2019 THE TASK FORCE BROUGHT TOGETHER OVER 350 SAN ANTONIO COMMUNITY MEMBERS FROM ACROSS ALL SECTORS, ALL DISTRICTS, ALL DEMOGRAPHICS TO IDENTIFY TOP NEEDS WITH RESPECT OF HOUSING POLICY RECOMMENDATIONS. AND IT WAS PUBLISHED IN SAN ANTONIO'S HOUSING POLICY FRAMEWORK. ON PAGE 42 UNDER THE SECTION ENTITLED PROTECT AND PROMOTE NEIGHBORHOODS, THERE'S A POLICY REQUIRE PUBLIC AGENCIES TO CONDUCT A DISPLACEMENT IMPACT ASSESSMENT FOR ANY PUBLIC PROJECT THAT RECEIVES $15 MILLION OR MORE IN PUBLIC INVESTMENT AND TO BUDGET FOR MITIGATION. KEY QUESTIONS FOR HOUSING, AS A VITAL CONDITION FOR HEALTH CAN INCLUDE WHO EXPERIENCES HOUSING INSECURITY AND CONSIDER RACE AND INCOME, GENDER. 
          WILL THE PROPOSED DEVELOPMENT CREATE AN INCOME WAGE OR LIVABLE WAGE JOBS? SAN ANTONIO MADE HEALTH EQUITY A JOB WITH ITS CLIMATE EQUITY FRAMEWORK, THE SA CLIMATE READY DOCUMENT AND ALSO HOUSING POLICY FRAMEWORK IN THE SAN ANTONIO'S HOUSING POLICY FRAMEWORK. THE SPORTS AND ENTERTAINMENT DISTRICT IS A MAJOR PUBLIC INVESTMENT. IT SHOULD REQUIRE EVALUATION OF IMPACTS ON ALL VITAL CONDITIONS FOR HEALTH. SO IN CLOSING, I SAY SAN ANTONIO HAS ALREADY LAID OUT A COMMITMENT TO EQUITY IN ITS CORE POLICIES FROM THE CLIMATE READY PLAN TO THE HOUSING POLICY FRAMEWORK. THESE AREN'T JUST WORDS ON PAPER, THEY REPRESENT THE VOICES OF HUNDREDS AND THOUSANDS OF SAN ANTONIANS FROM EVERY DISTRICT, CALLING FOR ACTION THAT CENTERS HEALTH, FAIRNESS, AND OPPORTUNITY. BUT WITHOUT PROPER EQUITY ANALYSIS, WE RISK OVERLOOKING THE VERY COMMUNITIES THOSE POLICIES WERE DESIGNED TO PROTECT. A PROJECT OF THIS MAGNITUDE LIKELY TO EXCEED $15 MILLION IN PUBLIC INVESTMENT SHOULD NOT PROCEED WITHOUT A HOUSING DISPLACEMENT ASSESSMENT AS OUTLINED IN THE HOUSING POLICY FRAMEWORK. LET'S LEAD WITH DATA. 
          WHAT WE CHOOSE TO EVALUATE REFLECTS WHAT AND WHO WE VALUE. 
          >> MAYOR JONES: THANK YOU. KATE ROGERS FOLLOWED BY PHILLIP COLLIN. 
          PHILLIP COLLIN FOLLOWED BY TYLER CALDWELL. ARE YOU KATE, MA'AM? 
          OKAY. >> GOOD AFTERNOON, MAYOR, COUNCIL MEMBERS, AND CITY STAFF. I'M DR. KATE ROGERS, EXECUTIVE DIRECTOR OF THE ALAMO TRUST, THE ORGANIZATION CONTRACTED BY THE STATE OF TEXAS TO RUN THE DAILY OPERATIONS OF THE ALAMO AND TO OVERSEE THE IMPLEMENTATION OF THE 550 ALAMO PLAN WHICH IS UNDERWAY. 
          ALL OF US AT THE TRUST HAVE A VESTED INTEREST IN ALL THINGS RELATED TO DEVELOPMENT OF DOWNTOWN SAN ANTONIO. MUCH LIKE THE ALAMO PLAN ITSELF, THE REVITALIZATION OF DOWNTOWN HAS BEEN A TOPIC THAT HAS BEEN DEBATED AND DISCUSSED FOR YEARS. 
          AND LIKE ALL THINGS IN A POLITICAL REALM, A WINDOW OF OPPORTUNITY SOMETIMES OPENS AT A MOMENT IN TIME WHEN THE STARS ALIGN. THE POLITICAL WILL, THE FUNDING, AND THE VISION ALL COME TOGETHER TO CREATE MOMENTUM THAT DIDN'T EXIST BEFORE. FOR THE ALAMO, THAT TIME IS CERTAINLY NOW. 
          AS YOU ALL KNOW, THE STATE APPROPRIATED $400 MILLION DURING THE LAST LEGISLATIVE SESSION AND ANOTHER $150 MILLION DURING THE MOST CURRENT SESSION THEY JUST 
          [03:00:05]
CONCLUDED. WE HAVE RAISED A TOTAL OF $90 MILLION PRIVATELY TO HELP BRING THE PROJECT TO FRUITION. I OFTEN THINK ABOUT WHAT DOWNTOWN WILL LOOK LIKE TEN YEARS FROM NOW. WHEN OUR PROJECT IS COMPLETE, ALONG WITH HEMISFAIR, A NEW DOWNTOWN BALLPARK, AND POTENTIALLY A NEW SPURS ARENA AND SPORTS AND ENTERTAINMENT DISTRICT. IT'S CLEAR THAT THIS IS OUR MOMENT. 
          AS LONG AS WE HAVE THE COURAGE AND CONVICTION TO SEIZE IT. I THINK WE ALL ENVISION A BETTER AND BRIGHTER SAN ANTONIO FOR OUR CHILDREN AND OUR GRANDCHILDREN. 
          THAT'S CERTAINLY ONE OF THE REASONS WHY THE ALAMO PROJECT MATTERS, PRESERVING OUR RICH AND SHARED HISTORY FOR FUTURE GENERATIONS. A VIBRANT, THRIVING DOWNTOWN WHERE PEOPLE WANT TO LIVE, WORK, AND PLAY IS ANOTHER IMPORTANT LEGACY THAT WE HAVE THE OPPORTUNITY TO LEAVE. YOU ALL HAVE SEEN THE NUMBERS IN TERMS OF ECONOMIC IMPACT FOR BOTH OUR PROJECT AS WELL AS THE ONE UNDER CONSIDERATION TODAY. AND I THINK WE CAN ALL IN AUDIO]. BEYOND THE BILLIONS IN INCREMENTAL TAX DOLLARS THAT WILL BE GENERATED, BOTH WILL FOSTER JOB GROWTH, A BETTER QUALITY OF LIFE, AND GREATER, MORE DIVERSE OPPORTUNITIES FOR BOTH LOCAL AND VISITING FAMILIES TO ENGAGE IN WORLD-CLASS RECREATION AND EDUCATIONAL ACTIVITIES. THANK YOU ALL FOR YOUR TIME. 
          I WANT TO SAY A SPECIAL THANK YOU TO CITY STAFF, ERIK WALSH, LORI HOUSTON, AND ANDY SEGOVIA FOR THEIR CONTINUED SUPPORT AT THE ALAMO. THANK YOU. 
          >> MAYOR JONES: PHILLIP COLLIN FOLLOWED BY TYLER CALDWELL. 
          >> GOOD AFTERNOON, MAYOR, COUNCIL MEMBERS. THANK YOU FOR YOUR TIME TODAY. 
          I'M THE DIRECTOR OF BASKETBALL OPERATIONS FOR THE SAN ANTONIO SPURS. 
          MY WIFE AND I HAVE FIVE KIDS. WE HAVE CALLED SAN ANTONIO HOME FOR THE LAST TEN YEARS. 
          HER FAMILY HAS LATIN ROOTS AND WE HAVE ENJOYED THE CULTURAL VALUES UNIQUE TO SAN ANTONIO. 
          WHEN I FIRST GOT HERE, I WAS PART OF THE DESIGN TEAM DOING THE DEVELOPMENT FOR OUR NEW TRAINING FACILITY DOWN AT THE ROCK. WE HAD A LOT OF INPUT FROM A LOT OF DIFFERENT PEOPLE BUT I WANT TO HIGHLIGHT ONE THAT REALLY STUCK OUT. 
          IT WAS A CONVERSATION I HAD WITH COACH POP. IT WAS THE MOST IMPACTFUL CONVERSATION WE HAD ON THE PROJECT. IT WASN'T ABOUT DESIGN, LOGOS, PAINT COLORS OR ANYTHING LIKE THAT. ALL HE SAID WAS TAKE CARE OF THE PEOPLE AND PROTECT THE CULTURE. IT STUCK WITH ME EVER SINCE. 
          THAT WASN'T A SLOGAN. IT WASN'T SOME TYPE OF PLAYBOOK. 
          CULTURE ISN'T SOMETHING YOU HANG ON THE WALL, IT'S HOW YOU SHOW UP. 
          IT'S HOW YOU CARE FOR PEOPLE. IT'S HOW YOU CREATE A SPACE WHERE PEOPLE FEEL LIKE THEY BELONG. MY FAMILY AND I, WE EXPERIENCED THIS FIRSTHAND. 
          A FEW YEARS AGO WHEN MY WIFE WAS PREGNANT, WE WENT THROUGH A REALLY DIFFICULT SEASON. 
          WE ALMOST LOST THEM. THERE WERE SERIOUS COMPLICATIONS. 
          THINGS DIDN'T LOOK GOOD BUT IT WAS ONE OF THOSE MOMENTS WHERE EVERYTHING ELSE JUST KIND OF FADES INTO THE BACKGROUND. BASKETBALL TOOK A BACKSEAT. IT WAS IN THAT SEASON THAT THE PEOPLE I WORK WITH DIDN'T HESITATE TO COME AROUND US. THEY PRAYED FOR US, PRAYED WITH US. BROUGHT US MEALS. SUPPORTED US IN THE MOMENT. 
          THEY SHOWED UP IN THE MOST REAL AND HUMAN WAY, RIGHT WHEN WE NEEDED IT THE MOST. 
          THAT'S CULTURE. THAT'S THE HEART. THERE'S COUNTLESS STORIES LIKE OURS. FAMILIES IN OUR ORGANIZATION, FAMILIES ACROSS OUR COMMUNITY. 
          WE HAVE BEEN SUPPORTED BEHIND THE SCENES IN WAYS THAT NEVER MAKE THE NEWS. 
          THERE'S SO MUCH MORE TO OUR GROUP. AND IT'S WHY WE BELIEVE SO STRONGLY IN THE RESPONSIBILITY THAT WE CARRY. WE'RE NOT JUST A SPORTS TEAM BUT WE'RE A PART OF THIS CITY. WE'RE STEWARDS OF THIS MOMENT WITH A PLATFORM AND A RESPONSIBILITY TO USE IT FOR SOMETHING THAT MATTERS. TO BETTER THE LIVES OF THE PEOPLE WE REPRESENT. TO PROTECT WHAT MAKES THIS PLACE SPECIAL AND TO KEEP SHOWING UP FOR ONE ANOTHER THE WAY SAN ANTONIO AND THE SPURS ALWAYS HAVE. 
          >> MAYOR JONES: THANK YOU. [APPLAUSE] TYLER CALDWELL FOLLOWED BY CHRIS DAVIS. TYLER CALDWELL FOLLOWED BY ASHLIN RASPBERRY. 
          ASHLIN RASPBERRY FOLLOWED BY YOLANDA ROGERS. >> GOOD AFTERNOON, MAYOR, CITY COUNCIL, AND CITY MANAGER. MY NAME IS ASHLIN RASPBERRY. THANK YOU FOR ALLOWING ME TO SPEAK WITH YOU TODAY. JUST A LITTLE BIT ABOUT ME. I'M FROM A SMALL SUBURBAN TOWN IN THE DEEP SOUTH SO I HAVE NEVER BEEN TO A PLACE THAT HAS HAD SO MUCH RICH CULTURE AND STRONG COMMUNITY AS SAN ANTONIO. IF THE SPURS HADN'T GIVEN ME THE OPPORTUNITY TO MOVE HERE A YEAR AGO I PROBABLY WOULDN'T HAVE EXPERIENCED THIS GREAT CITY. I QUICKLY FELL IN LOVE WITH THE HISTORY, CULTURE, AND THE PEOPLE, BUT MY FAVORITE THING IN THE WORLD, THE FOOD. BUT BEFORE I GET INTO IT, I WOULD LIKE TO SHARE HOW I GOT HERE AND MY STORY. AND WHAT I DO WITH THE SPURS. 
          [03:05:02]
I'M A PART OF THE TALENT ACADEMY PROGRAM. I'M THE CORPORATE DEVELOPMENT ASSOCIATE. IT ALLOWS YOUNG PROFESSIONALS LIKE MYSELF TO GET HANDS-ON EXPERIENCE WHAT IT MEANS TO WORK FOR A WORLD-CLASS ORGANIZATION, LIKE THE SPURS. 
          I HAVE GAINED VALUABLE INSIGHT, COMMUNITY ENGAGEMENT, BUT MORE THAN THAT, I HAVE LEARNED ABOUT LEADERSHIP, TEAMWORK, AND THE RESPONSIBILITY WE ALL HAVE ON A PROFESSIONAL AND PERSONAL LEVEL TO GIVE BACK. ONE OF THE BIGGEST TAKEAWAYS FOR ME HAS BEEN HOW THE SPURS SUPPORT THE SAN ANTONIO COMMUNITY. IT'S NOT JUST ABOUT MAKING AN IMPACT. FROM YOUTH BASKETBALL LEAGUE TO STEPPING IN TO SUPPORT FOR NATURAL DISASTER RELIEF EFFORTS, THE ORGANIZATION HAS SHOWN ME THAT COMMUNITY DOES INDEED MATTER. SO WHEN I REFLECT ON MY YEAR LIVING HERE IN SAN ANTONIO AND WITH THE SPURS ORGANIZATION, I SEE THAT THE SPURS ARE MORE THAN JUST A TEAM I MAY WORK FOR OR CHEER FOR BUT IS ALSO TRULY A PART OF THE CITY OF SAN ANTONIO'S HEARTBEAT. 
          IT HAS GIVEN ME THE CONFIDENCE AND DEEPER APPRECIATION FOR THE PEOPLE WHO MAKE SAN ANTONIO SPECIAL. THE LESSONS I LEARNED HAVE BEEN LIFE CHANGING BUT I APPRECIATE YOU ALL THE TIME TO SHARE MY JOURNEY WITH YOU TODAY. I'M PROUD TO CALL SAN ANTONIO 
          HOME. THANK YOU. >> MAYOR JONES: YOLANDA 
          ROGERS FOLLOWED BY JULIE MCCARTNEY. >> GOOD AFTERNOON. 
          THERE'S ACTUALLY GOING TO BE A COUPLE OF US. PATRICIA MEJIA, JULIE 
          MCCARTNEY, YOLANDA ROGERS. >> MAYOR JONES: EIGHT MINUTES. 
          THERE'S FOUR OF THEM. SIX MINUTES. >> GOOD AFTERNOON, MAYOR AND CITY COUNCIL MEMBERS. THANK YOU FOR THE OPPORTUNITY TO BE HERE. 
          MY NAME IS PATRICIA MEJIA AND I COME BEFORE YOU IN TWO ROLES. ONE AS A CITIZEN BUT ALSO AS A LEADER OF SPURS SPORTS AND ENTERTAINMENT WHERE I HUMBLY SERVE AS CHIEF IMPACT OFFICER. 
          I HAVE LIVED IN THIS COMMUNITY JUST SHY OF 30 YEARS. I CAME AS A FIRST-GENERATION COLLEGE STUDENT. I PURCHASED MY FIRST HOME IN DISTRICT 6, I NOW LIVE IN 7, AND I'M LOOKING FORWARD TO CALLING DISTRICT 5 MY FUTURE FOREVER HOME. 
          I SPENT MY ENTIRE CAREER HELPING TO SOLVE THIS CITY'S MOST CRITICAL CHALLENGES. 
          ASKING THE MOST DIFFICULT QUESTIONS. HOW CAN WE SIMULTANEOUSLY TAKE A REALISTIC VIEW OF SYSTEMIC INEQUITIES WHILE USING THE RESOURCES AND INSTITUTIONS AVAILABLE TO US TO PUSH FORWARD TO A FUTURE TO CREATE AN OPPORTUNITY FOR ALL? IN THIS ROLE, I HAVE HAD THE HONOR AND BEEN CHALLENGED TO LIVE INTO THE LEGACY THAT THIS ORGANIZATION HAS DONE FOR 50 YEARS. WHILE SOME OF THOSE PEOPLE YOU KNOW VERY WELL BY NAME, SOME OF THEM YOU WILL NEVER KNOW. THEY SIMPLY SHOW UP TO WORK AND THEY BELIEVE IN ONE THING. THAT THIS IS MUCH BIGGER THAN BASKETBALL. 
          INSTEAD, BASKETBALL IS A PATHWAY FOR COMMUNITY IMPACT. I HAVE THE OPPORTUNITY NOW TO INTRODUCE YOU TO SOME OF THE PEOPLE YOU MAY NEVER SEE BUT EVERY DAY SHOW UP. 
          I OFTEN GET ACCUSED OF JUST BEING RESPONSIBLE FOR SPURS GIVE. 
          MY RESPONSIBILITY IS TO LEAD A WHOLE TEAM OF 25 PEOPLE WHO ARE SIMPLY COMMITTED TO SHOWING UP FOR COMMUNITY. HERE ARE JUST A COUPLE OF THEM SO THAT YOU CAN LEARN ABOUT 
          SOME OF THAT COMMITMENT TO COMMUNITY. >> HELLO. 
          MY NAME IS YOLANDA ROGERS. BORN AND RAISED ON THE EAST SIDE OF SAN ANTONIO. 
          D2. I JUST WANT TO SHARE ONE OF MY FAVORITE CHILDHOOD MEMORIES. 
          BEING IN MY GREAT GRANDMOTHER'S HOUSE -- IT WAS AN APARTMENT ON VICTORY COURTS WALKING TO HEMISFAIR TO SEE A SPURS' CAME. AND TURN AROUND PRAYING THAT THEY WIN SO I COULD GET THAT FREE BIG MAC AT MCDONALD'S ON COMMERCE. 
          THOSE ARE PRIME EXAMPLES OF WHAT THE SPURS DO. I COULDN'T GO THERE WITHOUT THE FREE COMMUNITY TICKETS THAT THEY STILL PROVIDE TO THIS DAY. 
          OR BEING AT THE EASTSIDE BOYS AND GIRLS CLUB WHERE COACH POP AND PLAYERS WALK IN. 
          THOSE ARE JUST MEMORIES THAT STICK WITH ME AND IMPACT ME EVEN NOW. 
          NOW PROUD CHILD OF GOD, PROUD OF SAISD, EMPLOYEE OF THE SAN ANTONIO SPURS, WORK WITH A GREAT COMMUNITY TEAM THAT ALLOWS ME TO CONTINUE THAT WORK, CONTINUE TO SERVE AND PROVIDE THOSE OPPORTUNITIES FOR ALL OF OUR YOUTH, ALL OF OUR COMMUNITY. 
          SO IT'S NOT GOING TO STOP -- THE WORK IS NOT GOING TO STOP. AND IT'S BECAUSE THE ARENA. 
          THIS IS WHO WE ARE AND WE'RE GOING TO KEEP DOING IT. THANK YOU, GUYS. 
          >> GOOD AFTERNOON. MY NAME IS JULIE MCCARTNEY AND I'M BORN AND RAISED IN SAN 
          [03:10:02]
ANTONIO. I HAVE HAD THE HONOR OF WORKING ON THE COMMUNITY TEAM FOR THE SPURS FOR THE LAST TEN YEARS AND CURRENTLY SERVE AS DIRECTOR OF COMMUNITY INVESTMENT. 
          I HAVE GROWN UP WITH THIS ORGANIZATION BOTH PERSONALLY AN PROFESSIONALLY. 
          AND I'M PROUD TO HAVE BEEN PART OF A TEAM THAT HAS INVESTED MILLIONS OF DOLLARS BACK INTO THE COMMUNITY I GREW UP IN. I WITNESSED THE IMPACT IT MADE FOR SCHOOLS, NONPROFITS, AND OTHERS THAT NEED SUPPORT. OVER THE LAST 30 YEARS, THROUGH JUST THE FOUNDATION ALONE, SPURS GIVE HAS INVESTED MORE THAN $35 MILLION INTO THIS GREAT COMMUNITY. 
          WE HAVE REFURBISHED PLAY SPACES IN EACH OF YOUR DISTRICTS THROUGH OUR PARTNERSHIP WITH THE SAN ANTONIO PARKS FOUNDATION. AND THE DEPARTMENT OF PARKS AND RECREATION THROUGH PLAY SA. WE HAVE SUPPORTED HUNDREDS OF NONPROFITS THROUGH THE YEARS THROUGH GRANTS ACROSS THE CITY ENSURING THAT YOUNG PEOPLE HAVE SAFE PLACES TO LEARN, PLAY, AND GROW. I COULD GO ON SHARING NUMBERS AND STATS THAT ARE ABOUT OUR INVESTMENT. I ENCOURAGE YOU TO LOOK AT OUR IMPACT REPORTS TO LEARN MORE. 
          BUT IN MY EXPERIENCE THE IMPACT GOES BEYOND THE NUMBERS. I HAVE HAD THE PRIVILEGE TO WITNESS FIRSTHAND THE SPURS ARE COMMITTED TO THE COMMUNITY. IT'S AT THE CORE OF WHO WE ARE. WE WILL REMAIN COMMITTED TO THE COMMUNITY AND I LOOK FORWARD TO THE WAYS THIS OPPORTUNITY ALLOWS US TO CONTINUE THAT COMMITMENT. 
          >> GOOD EVENING. MY NAME IS ROLAND AND I SERVE AS THE INCLUSIONS MANAGER. 
          THANK YOU FOR THE OPPORTUNITY TO SPEAK TODAY. WE BELIEVE OUR ROLE EXTENDS BEYOND THE COURT. WE CARRY THE RESPONSIBILITY TO LEAD WITH INTEGRITY AND INTENTION. IN MY ROLE, I HELP ENSURE OUR STAFF CENTERS EQUITY, CELEBRATES DIVERSITY, AND KEEPS COMMUNITY AT THE HEART OF EVERYTHING WE DO. 
          FROM CULTURAL EVENTS, EDUCATIONAL COURSES, AND VOLUNTEERISM, TO DEEP PARTNERSHIPS WITH LOCAL LEADERS AND NONPROFITS. ONE OF THE MOST MEANINGFUL EXAMPLES OF THIS WORK WAS DURING PRIDE MONTH WHEN WE CONVENED AN IMPACT FOCUS GROUP WITH LOCAL LGBTQ PLUS LEADERS, NOT TO CELEBRATE BUT TO LISTEN. 
          THAT DIALOGUE SHAPED HOW WE APPROACHED PARTNERSHIPS, ACTIVATIONS, STAFF TRAINING, AND YEAR-ROUND COMMITMENTS. IT REAFFIRMED THAT REAL IMPACT STARTS WITH A WILLINGNESS TO BE GUIDED BY IF COMMUNITY ITSELF. WE'RE COMMITTED TO DOING THE SAME WITH EVERY COMMUNITY THAT MAKES UP OUR CITY. THE SPURS AREN'T JUST FROM SAN ANTONIO, WE BELONG TO SAN ANTONIO. THE CITY HAS SHAPED WHO WE ARE AND IN TURN WE'RE PROUD TO REFLECT ITS HEART, ITS IDENTITY, AND ITS SPIRIT. THAT DEEP COMMUNITY CONNECTION HAS DEFINED OUR CULTURE, FUELED OUR SUCCESS, AND BUILT ONE OF THE MOST PASSIONATE FAN BASES IN THE LEAGUE. AS WE CONTINUE TO THE FUTURE, WE'RE COMMITTED TO CONTINUING THIS JOURNEY, WALKING IN LOCKSTEP WITH OUR COMMUNITY TO BUILD SOMETHING BIGGER TOGETHER. SO THANK YOU AND GO SPURS GO! [APPLAUSE] 
          >> MAYOR JONES: ALLISON NAVATOF FOLLOWED BY RACHEL MELENDEZ. 
          RACHEL MELENDEZ FOLLOWED BY MARY SAUCEDO. >> IT'S GOING TO BE THE THREE 
          OF US. >> MAYOR JONES: AND TRINIDAD DIAZ? 
          SIX MINUTES. >> GOOD AFTERNOON, COUNCIL, AND MAYOR. 
          WE APPRECIATE THE TIME. MY NAME IS RACHEL MELENDEZ. I'M THE POLITICAL DIRECTOR FOR UNITE HERE, THE HOSPITALITY AND HOTEL WORKERS YOU KNOW. UNION. 
          YOU GUYS WANT TO STAND UP. [APPLAUSE] SO WE'RE HERE TODAY BECAUSE WE'RE CONCERNED ABOUT THIS PROJECT. AS I KNOW YOU ALL KNOW, THIS CITY HAS A VERY HIGH POVERTY RATE. THE REPORT THAT CAME OUT LAST YEAR, IT'S ALMOST 18% POVERTY RATE. AND SO WE KNOW THAT WORKING PEOPLE ARE STRUGGLING TO SURVIVE. WE'VE NOT HEARD ENOUGH INFORMATION ABOUT WHAT KINDS OF JOBS THIS PROJECT WILL BRING OR CREATE OR OTHER GUARANTEES THAT WE CAN EXPECT TO BENEFIT WORKING PEOPLE. SO, YEAH. 
          FROM OUR EXPERIENCE WE KNOW HOSPITALITY JOBS ARE NOT ONLY PHYSICALLY AND MENTALLY CHALLENGING, THEY'RE ALSO LOW PAYING AND WITH FEW, IF ANY BENEFITS. 
          SO WE NEED MORE INFORMATION BEFORE WE CAN SUPPORT THIS PROJECT. 
          I'M GOING TO PASS IT TO MARY. >> MY NAME IS MARY. I LIVE IN THE DISTRICT 4. 
          I HAVE WORKED AT THE GRAND HYATT FOR 16 YEARS AS A HOUSEKEEPER. 
          SINCE IT OPENED. WE ARE PROUD OF WORKERS,KE WELCOMING VISITORS, COOKING, SERVING, AND CLEANING. WE ARE THE BACKBONE OF THE HOSPITALITY INDUSTRY. 
          WHEN PEOPLE FROM AROUND THE WORLD SAY EVERYONE IS SO FRIENDLY IN SAN ANTONIO, THEY ARE OFTEN TALKING ABOUT US. WE NEED MORE INFO ABOUT HOW THIS IS GOING TO BENEFIT 
          [03:15:03]
WORKERS LIKE US. WE WANT TO BE ABLE TO PAY OUR RENT OR BUY OUR HOMES, SEND OUR KIDS TO COLLEGE, AND EVEN GO ON VACATIONS OURSELVES. SO I WANT TO THANK YOU FOR LISTENING TO US AND HOPE YOU TAKE THIS INTO CONSIDERATION FOR US. 
          THANK YOU. I'M GOING TO PASS IT ON. >> MY NAME IS TRINIDAD DIAZ. 
          I LIVE IN DISTRICT 3. AND I'VE BEEN WORKING WITH THE HYATT REGENCY FOR 43 YEARS. 
          AND I JUST DON'T THINK THAT THIS IS A GOOD DEAL RIGHT NOW. OUR CITY SHOULD NOT SUBSIDIZE RICH CORPORATIONS WITHOUT MAKING SURE THAT WE HAVE GOOD JOBS, GOOD-PAYING JOBS. 
          AND WITHOUT WORKERS, NONE OF THESE COMPANIES COULD SUCCEED WITHOUT US. 
          THAT'S MY PART. THANK YOU. >> MAYOR JONES: THANK YOU SO 
          MUCH. [APPLAUSE] >> MAYOR JONES: DIEGO 
          ALDERETE FOLLOWED BY A GROUP. >> GOOD AFTERNOON, MAYOR, COUNCIL MEMBERS, FELLOW CITIZENS. I'M A CATHOLIC, A DISTRICT 9 RESIDENT, AND A LIFELONG SAN ANTONIAN. ST. THOMAS TEACHES US THAT TO LOVE IS TO WIELD THE GOOD OF THE OTHER FOR THEIR SAKE. THAT'S WHAT PROJECT MARVEL IS. IT'S A DELIBERATE CHOICE TO WILL THE GOOD OF OUR CITY AND OF FUTURE GENERATIONS FOR THEIR SAKE. 
          HE ALSO TEACHES THAT GOVERNANCE IS JUST, ONLY WHEN IT IS ORDERED TO THE COMMON GOOD. 
          PROJECT MARVEL IS EXACTLY THAT. IT'S A PROJECT ORDERED TO THE COMMON GOOD. THIS PROJECT WOULD UNITE NEIGHBORHOODS, STRENGTHEN OUR CONNECTIVITY, SUPPORT WORK, SUPPORT CULTURE, AND IT WOULD DO SO WITHOUT TOUCHING THE GENERAL FUND. OTHERS HAVE ASKED WHY SHOULD THE CITY HELP FUND SOMETHING WHEN THE SPURS' OWNERSHIP IS SO WEALTHY? IT'S A REASONABLE QUESTION BUT THE REALITY IS THAT THIS IS NOT A BAILOUT, IT'S A PARTNERSHIP. THE SPURS ARE CHOOSING NOT TO BE SELF-INTERESTED IN PAYING SOLELY FOR THEIR ARENA. THEY'RE BEING A GREAT PARTNER BY PUTTING MONEY INTO THE SURROUNDING DEVELOPMENT AND COMMUNITY INCENTIVES. 
          WE AREN'T TAKING AWAY FROM BASIC SERVICES BUT WE ARE INVESTING IN OUR FUTURE. 
          THE CATECHISM OF THE CATHOLIC CHURCH TEACHES THAT THE COMMON GOOD IS THE SUM TOTAL OF CONDITIONS, WHICH ALLOW PEOPLE TO POPE FRANCIS TOLD US WHEN WE HELP THE POOR OUR AIM SHOULD NOT BE CHARITY ALONE BUT TO ENABLE A DIGNIFIED LIFE THROUGH MEANINGFUL WORK. A THRIVING DOWNTOWN POSITIONS SAN ANTONIO TO ATTRACT AND RETAIN CORPORATE HEADQUARTERS AND EMPLOYERS. 
          PROJECT MARVEL HELPS CREATE A CONVINCING ARGUMENT FOR SAN ANTONIO THAT WOULD BRING A MEANINGFUL AMOUNT OF JOBS HERE. THIS PROJECT WOULD HELP KEEP OUR FUTURE WORKFORCE LIVING AND WORKING IN SAN ANTONIO RATHER THAN LEAVING FOR OTHER CITIES. 
          SUPPORTING THIS PROJECT IS NOT A FAVOR TO WEALTHY SPURS' OWNER, IT'S A MORAL INVESTMENT IN THE COMMON GOOD. IT'S A CHOICE FOR JOBS, FOR BEAUTY, FOR COMMUNITY, FOR RECONCILIATION, FOR PROMISE, AND FOR PROSPERITY. SO I URGE YOU, SUPPORT THIS PROJECT AND REACH A DEAL IN GOOD FAITH, NOT AS A FAVOR TO THE SPURS BUT AS A MORAL ACT OF LOVE FOR THE CURRENT AND FUTURE RESIDENTS OF SAN ANTONIO. THANK YOU. 
          [APPLAUSE] >> MAYOR JONES: JESSICA PALACIO, , LEROY -- THAT 
          GROUP WILL HAVE SIX MINUTES. FOLLOWED BY LOUISE RODRIGUEZ. >> HI. 
          GOOD AFTERNOON, MAYOR AND CITY COUNCIL. MY NAME IS JESSICA PALACIO. 
          I'M A RESIDENT IN DISTRICT 9 AND I SERVE AS THE DIRECTOR OF GOVERNMENT AFFAIRS AT THE SAN ANTONIO HISPANIC CHAMBER OF COMMERCE. TODAY I'M JOINED BY A MEMBER AND AN ESTEEMED BOARD MEMBER. OUR MEMBERS CONSISTENTLY TELL US THEY WANT SAN ANTONIO TO THINK DIFFERENTLY. THEY WANT BOLD, FORWARD-THINKING IDEAS THAT POSITION OUR POWER FOR GROWTH WHILE ALSO IMPROVING THE QUALITY OF LIFE. 
          ONE MEMBER RECENTLY SHARED WITH ME THEIR INTEREST IN BLUE ZONE PRINCIPLES. 
          LIVE BETTER AND LONGER. POLICIES THAT SUPPORT HEALTHIER LIFESTYLES, SUSTAINABILITY, AND INCORPORATING IDEAS INTO THIS URBAN DEVELOPMENT ENSURES WE'RE NOT JUST EXPANDING OUR ECONOMY BUT ALSO SHAPING THE CITY THAT IS HEALTHIER, MORE INCLUSIVE, AND MORE RESILIENT. 
          THIS PROJECT GIVES US A CHANCE THAT IT'S A RARE OPPORTUNITY TO BE AGILE, TO CREATE A DISTRICT THAT NOT ONLY DRIVES COMMERCE BUT ALSO REFLECTS THE VALUES OF OUR COMMUNITY. 
          THAT MEANS ENSURING ALL SMALL BUSINESSES, ESPECIALLY WOMEN, VETERAN, AND MINORITY-OWNED ENTERPRISES HAVE A SEAT AT THE TABLE. IT ALSO MEANS DESIGNING SPACES THAT FOSTER CONNECTION, WELLNESS, AND SUSTAINABILITY FOR ALL. 
          AT THE CHAMBER WE STAND READY TO WORK WITH EACH OF YOU AND THE COMMUNITY PARTNERS TO MAKE SURE THIS VISION BECOMES REALITY. TOGETHER, WE CAN ENSURE THIS 
          [03:20:04]
DISTRICT IS NOT JUST AN ECONOMIC ENGINE BUT A LASTING LEGACY FOR FUTURE GENERATIONS. 
          THANK YOU. >> GOOD AFTERNOON, MAYOR AND MEMBERS OF THIS ESTEEMED CITY COUNCIL. MY NAME IS EDUARDO GARCIA. I AM HERE AS A MEMBER OF THE BOARD FOR THE SAN ANTONIO HISPANIC CHAMBER OF COMMERCE AS WELL AS A PROUD CITIZEN OF DISTRICT 10 AND A MULTIGENERATIONAL CITIZEN OF OUR CITY. 
          I'M HERE TODAY FOR A COUPLE OF REASONS. ONE IS THAT AS A PROJECT DIRECTOR FOR STANTEC, AN ARCHITECTURAL AND ENGINEERING FIRM, I HAVE SEEN THE IMPACT CONSTRUCTION HAS ON OUR CITIZENS. IT CREATES JOBS, INCREASES ECONOMIC ACTIVITY, AND IT BOOSTS OUR LOCAL ECONOMY. INFRASTRUCTURE PROJECTS LIKE ROADS AND SERVICES IMPROVE OVERALL QUALITY OF LIFE AND IT WILL ATTRACT FURTHER INVESTMENT. THE OPPORTUNITY THAT WE HAVE IN FRONT OF US AS A COMMUNITY CAN HAVE AN IMPACT. GOOD OR BAD FOR GENERATIONS TO COME. 
          BEYOND THE CONTROVERSY, I BELIEVE THAT WE CAN AGREE ON SEVERAL THINGS. 
          IN THE SHORT TERM, A PROJECT LIKE THIS BRINGS ECONOMIC OPPORTUNITY TO A LOT OF PEOPLE. THE WORK AND THE LOCAL DESIGN AND CONSTRUCTION INDUSTRIES WILL POSITIVELY IMPACT MANY FAMILIES, LOCAL MANUFACTURERS, SUPPLIERS, DISTRIBUTORS, RETAILERS, SUBCONTRACTORS, CONTRACTORS, LABORERS, ALL OF THEM WILL FEEL THE POSITIVE IMPACT OF A PROJECT OF THIS MAGNITUDE. THIS WORK AND THE PAYMENTS RECEIVED WILL KEEP OUR CITIZENS EMPLOYED AND REINVESTING THEIR PAY IN SAN ANTONIO. 
          MONEY SPENT ON A CONSTRUCTION PROJECT CIRCULATES THROUGH THE ECONOMY AS WORKERS SPEND THEIR WAGES, BOOSTING LOCAL BUSINESSES AND CREATING FURTHER ECONOMIC ACTIVITY. 
          A STUDY BY THE WORLD ECONOMIC FORUM FOUND THAT FOR EVERY DOLLAR SPENT ON CONSTRUCTION THERE'S A RETURN OF ABOUT $1.30 TO $1.80. A PROJECT OF THIS MAGNITUDE CAN CREATE A LARGER IMPACT ON THE PERCEIVED COLLECTIVE VALUE OF OUR OWN TOWN. 
          THINK ABOUT THAT. EVERY DAY BUSINESSES AROUND THE COUNTRY ARE LOOKING AT OUR CITY SAYING WHY SHOULD WE MOVE TO SAN ANTONIO? AND THE TRUTH IS THEY WANT A QUALITY WORKFORCE. AND A QUALITY WORKFORCE WANTS A QUALITY OF LIFE. 
          SO WE HAVE AN OPPORTUNITY. WHILE PROJECT MARVEL MAY NOT SOLVE ALL OF OUR PROBLEMS IN THIS OPEN FORUM FOR DISCUSSION IS AN ESSENTIAL PART OF OUR DUE PROCESS. 
          I BELIEVE THAT THIS INVESTMENT WILL HELP ATTRACT MORE AND LARGER OPPORTUNITIES IN THE FUTURE. WE DON'T HAVE TO GIVE UP OUR VOICE OR PRIDE OF SAN ANTONIO TO EMBRACE CHANGE. WE NEED TO MANAGE CHANGE SO THAT OUR FUTURE GENERATIONS FEEL THE POSITIVE IMPACT OF A LARGER TAX BASE, A COMMITMENT TO EDUCATION AND AFFORDABLE HOUSING, AND PROTECTING THE MAGIC THAT IS OUR CITY. THIS IS PURO SAN ANTONIO. 
          THANK YOU FOR YOUR TIME AND LEADERSHIP AND GIVING OUR CITIZENS A VOICE. 
          PLEASE USE YOUR POSITION CAREFULLY TO LEAD OUR GENERATION TO COME. 
          THANK YOU. [APPLAUSE] >> 
          >> MAYOR JONES AND MEMBERS OF CITY COUNCIL, I'M SEALY ROY CAVAZOS REYNA, THE FOUNDER AND OWNER. I'M A PROUD RESIDENT OF DISTRICT EIGHT. WHEN I WAS IN WAS WASHINGTON, D.C., EVERYBODY WOULD ALWAYS ASK, HOW DO SAN ANTONIO DO IT? I WOULD TELL PEOPLE, WE INVEST IN STRATEGIC COMMUNITY AND ECONOMIC DEVELOPMENT THAT ENSURES THE ECONOMIC VITALITY SO THAT WE CAN RETAIN TALENT AND SO THAT CORPORATIONS CAN CONTINUE TO LOOK SOUTH TO SAN ANTONIO TO FIND THEIR HOME. AND THAT IS WHAT TODAY IS ABOUT. 
          WE STAND AT A MOMENT IN TIME. WE STOOD AT A MOMENT IN TIME IN 1968 WHEN WE BROUGHT THE WORLD'S FAIR HERE. 
          AND THIS IS ANOTHER MOMENT IN TIME WHERE WE ARE ABOUT TO BE ON THE BRINK OF AN ECONOMIC PRECIPICE THAT WILL TRANSFORM HOW SAN ANTONIO IS LOOKED AT GLOBALLY FOR THE NEXT FIVE TO 10 DECADES. 
          SO HERE WE ARE TODAY SUPPORTING THIS PROJECT AND ENSURING THAT WE CONTINUE TO PUT SAN ANTONIO ON THE INTERNATIONAL STAGE, NOT JUST FOR OUR RICH CULTURE, BUT FOR OUR RICH DESIRE TO BE AN ECONOMIC COMPETITOR WITH EVERYBODY ELSE IN TEXAS, BECAUSE WE ARE THE BEST. 
          WE ARE THE MOST UNIQUE, AND WE ARE SO DESERVING OF ALL OF THIS DOWNTOWN REVITALIZATION FOR FUTURE GENERATIONS TO COME. AND THOSE WHO WISH TO MAKE SAN ANTONIO HOME, LIKE SO MANY OF US HAVE. THANK YOU. 
          [APPLAUSE] >> MAYOR JONES: LOUISE RODRIGUEZ, FOLLOWED BY 
          CAROLINA CALDERON. >> GOOD AFTERNOON, MAYOR JONES AND COUNCILMEMBERS. IT'S NEVER FUN GOING AFTER THE GREAT LEE ROW CAVAZOS, BUT MY NAME'S LOUISE RODRIGUEZ. I KNOW MANY OF YOU HERE 
          [03:25:04]
ALREADY. I'M THE PRESIDENT OF THE FIRST HISPANIC CHAMBER OF COMMERCE EVER ESTABLISHED IN AMERICA IN 1929 HERE IN SAN ANTONIO. 
          CORPORATE RATTILY HHEADQUARTERED IN DISTRICT FOUR. 
          WHEN I ADVOCATE FOR A PROJECT LIKE THE SPORTS AND ENTERTAINMENT DISTRICT, I THINK ABOUT MY WHY. THINK I WE ALL K NEED TO THINK ABOUT OUR WHY. IT'S ABOUT MY TWO DAUGHTERS, GROWING UP IN A CITY THAT'S FULL OF OPPORTUNITY WHERE THEY SEE A VIBRANT COMMUNITY, THROIFING BUSINESSES AND A STRONG LOCAL ECONOMY. IT'S ALSO ABOUT THE NEARLY 1,000 SAN ANTONIO HISPANIC CHAMBER OF COMMERCE MEMBERS WE SERVE, MANY OF THEM SMALL, FAMILY-OWNED AND DEEPLY ROOTED IN OUR COMMUNITY BUSINESSES. THEY'VE CREATED JOBS, LIFTED UP THE NEIGHBORHOODS THAT THEY LIVE IN AND GIVEN SO MUCH BACK TO THIS CITY. 
          I'VE SEEN FIRSTHAND HOW ONE OPPORTUNITY CAN TRANSFORM NOT JUST THE BUSINESS, BUT THE LIVES OF DOZENS THAT ARE PART OF THAT BUSINESS AS WELL. THE RECENT ECONOMIC IMPACT ANALYSIS CONFIRMS WHAT MANY OF US BELIEVE, THAT THIS PROJECT WOULD BE TRANSFORMATIONAL. 
          IT PROJECTS BILLIONS OF NEW ECONOMIC ACTIVITY, THOUSANDS OF JOBS AND INCREASED OPPORTUNITIES FOR LOCAL BUSINESSES, BUT BEYOND THE NUMBERS, THIS IS ABOUT MOMENTUM FOR OUR CITY AND FOR OUR HOPE FOR THE NEXT GENERATION. 
          THAT'S WHY THE SAN ANTONIO HISPANIC CHAMBER OF COMMERCE STRONGLY SUPPORTS THIS PROJECT. WE BELIEVE IT HAS THE POWER TO CREATE A RIPPLE EFFECT, ONE THAT SUPPORTS OUR SMALL BUSINESSES, STRENGTHENS OUR WORKFORCE AND ENSURES THAT MINORITY WOMEN AND VETERAN-OWNED BUSINESSES ARE SUPPORT OF THE SUCCESS STORY FROM THE BEGINNING. 
          ON BEHALF OF OUR BOARD OF DIRECTORS, WE STAND READY TO WORK WITH THE CITY MANAGER AND CITY COUNCIL TO ENSURE THAT THIS IS PROSPEROUS FOR ALL OF SAN ANTONIO. THANK YOU FOR YOUR TIME AND YOUR LEADERSHIP. 
          [APPLAUSE] >> CAROLINA CALDERON FOLLOWED BY THE GROUP 
          GRACIELA SANCHEZ. >> HELLO. MY NAME IS CAROLINA CALDERON AND PROUD RESIDENT OF SAN ANTONIO LIVING IN DISTRICT TWO. 
          I'M HERE TO EXPRESS MY ENTHUSIASTIC SUPPORT OF THIS. 
          I SEE FIRSTHAND THE POTENTIAL THIS PROJECT HAS TO ENERGIZE OUR COMMUNITY, NOT JUST ECONOMICALLY BUT SOCIALLY AND CULTURALLY. 
          THIS IS THE KIND OF GROWTH THAT IS EXACTLY WHAT SAN ANTONIO NEEDS TO CONTINUE MOVING AS A THRIVING, CITY. FROM JOB CREATIONS TO INCREASED TOURISM FOR MORE REASONS FOR RESIDENTS LIKE ME TO STAY INVESTED LONG-TERM IN A PLACE WE CALL HOME. IT MAKES ME PROUD TO BE PART OF SAN ANTONIO AND EVEN MORE MOTIVATED TO CONTINUE TO ITS CONTRIBUTING SUCCESS. THANK YOU, MAYOR AND CITY COUNCIL. 
          [APPLAUSE] >> MAYOR JONES: GRACIELA SANCHEZ GROUP FOLLOWED BY ARTURO MADRID. THIS GROUP WILL HAVE SIX MINUTES. 
          >> THANK YOU. I WAS GOING TO TALK ABOUT THE CITY COUNCIL OF SAN ANTONIO, BEGINNING WITH A STORY THAT WE DIDN'T BECOME A DEMOCRATIC CITY UNTIL 19 STEV1977 WHEN A GROUP OF YOUNG PEOPLE WORKED VERY HARD TO CREATE SINGLE-MEMBER DISTRICTS. 
          I SAW YOU ALL ON TELEVISION THE FIRST MEETING YOU HAD, AND I WAS SO PROUD OF WHAT I SAW BECAUSE I SAW THE DIVERSITY OF OUR CITY, AND JUST FOR YOU TO KNOW THAT YOU ARE WHAT A LOT OF US HAVE HOPED FOR AND WORKED FOR FOR MANY YEARS. THE SECOND THING I WAS GOING TO SHARE WAS THE STORY OF HEMISFAIR, BECAUSE IT SEEMS TO BE THE FIRST THING WE'RE TOLD WHEN WE'RE TALKING ABOUT THIS SPORTS AND ENTERTAINMENT DISTRICT. WELL, HEMISFAIR WAS NOT THE PANACEA THAT PEOPLE TELL US. IT DID NOT BRING LONG-TERM ECONOMIC BENEFITS TO THIS CITY. WE TOOK MANY YEARS TO FIGURE OUT WHAT TO DO WITH THAT SITE, AND WE HAVE TO REMEMBER THAT 1968 WAS ALSO THE YEAR THAT HERE IN SAN ANTONIO, A GROUP OF YOUNG PEOPLE WALKED OUT FROM EDGEWOOD SCHOOL DISTRICTS HIGH SCHOOLS BECAUSE THEY JUST WANTED A BETTER EDUCATION. 1968 IS ALSO THE TIME THAT SAN ANTONIO MADE NATIONAL NEWS WITH A STORY OF HUNGER IN THIS COUNTRY, HUNGER IN 
          [03:30:04]
AMERICA. SO I WAS -- I WROTE A BUNCH OF STUFF, BUT SINCE I CAN'T READ ALL OF IT, I AM GOING TO JUST SAY THE FOLLOWING:  I HAVE SAT HERE AS LONG AS SOME OF YOU HAVE AND COUNCILWOMAN SPEARS AND MAYOR, YOU'VE SAT HERE THE WHOLE TIME. I APPRECIATE YOUR BEING HERE FOR THIS LONG. 
          AND I WAS THINKING OF ALL THE HEARINGS THAT I HAVE BEEN PART OF, NOT JUST AS A CITIZEN, BUT FOR 10 YEARS SITTING IN ONE OF YOUR SEATS AS A COUNCILWOMAN. I HAVE HEARD -- IT'S ALMOST THE SAME STORY. 
          THERE'S TWO SIDES. WE HAVE TWO CITIES, AND THERE'S THE SIDE THAT COMES AND THEY TALK ABOUT ONE THING, AND THEN THE OTHER SIDE. 
          AND IT'S THE SAME THING OVER AND OVER. I HAVE HEARD SO MANY PROMISES AND I HAVE BEEN DISAPPOINTED SO MANY TIMES WITH THE ALAMODOME, WE WERE PROMISED A CASH COW. AND THAT CASH COW NEVER MOO'D. IT DIDN'T -- THERE WAS NO LONG-TERM BENEFIT. 
          WE WERE TOLD THAT WE WERE NOT GOING TO SPEND ANY MONEY ON THE ALAMODOME, AND YOU ALL KNOW THE STORY, HOW MUCH MONEY. SO I'M JUST GOING TO GO TO THE CHASE OF WHAT I WROTE. AND I'M TALKING ABOUT 57 YEARS AFTER HEMISFAIR AND HOW THIS CITY HAS CHANGED FOR THE BETTER FOR MANY PEOPLE, BUT WE ARE STILL EXPERIENCING A VERY HIGH POVERTY RATE, 18% COMPARED TO 11.5 IN THE COUNTRY. SOME OF OUR LOWEST INCOME ZIP CODES ARE VERY CLOSE TO DOWNTOWN. THEY WILL BE IMPACTED BY ANYTHING THAT IS DONE DOWNTOWN. THESE ARE VERY DIFFICULT TIMES IN OUR COUNTRY AND IN THE WORLD. SAN ANTONIO IS PART OF EVERYTHING THAT IS OCCURRING. WE'RE PART OF THE WORLD. 
          THERE ARE ECONOMICAL ISSUES, THERE ARE POLITICAL ISSUES AND THERE ARE SOCIAL ISSUES. I THERE IS INSTABILITY. THIS IS NOT THE TIME TO BE MAKING DECISIONS LIKE THIS MAJOR ONE THAT IS BEING MADE ON HOW TO USE THE TAXPAYERS' MONEY. YOU HAVE A BUDGET SHORTFALL THAT YOU WILL HAVE TO FIGURE OUT HOW TO HANDLE. YOU HAVE -- WE HAVE MAJOR INFRASTRUCTURE FUNDS THAT ARE NEEDED AND CONSTRUCTION OF NEW DRAINAGE SYSTEMS BECAUSE WE DO NOT WANT TO SEE, AGAIN, WHAT WE SAW RECENTLY WITH 13 PEOPLE DYING JUST BECAUSE THEY WERE DRIVING ON A STREET. THEY WEREN'T GOING THROUGH FLOODED STREETS. 
          CLIMATE CHANGE WILL CONTINUE TO CREATE HAVOC, NOT ONLY WITH FLOODING, BUT SEVERE HEAT, COLD, AND FIRES, AND I THINK WE EVEN EXPERIENCED A FIRE YESTERDAY. THERE WILL BE CUTS IN FEDERAL FUNDS THAT WE HAVE BECOME USED TO. TAKING CARE OF PEOPLE LIKE THE ELDERLY, CHILDREN, FUNDS FOR HOUSING AND FOR HEALTH, CUTS IN MEDICAID AND WIC AND SNAP WILL AFFECT US, TOO, BECAUSE THEY IMPACT LARGE NUMBERS OF OUR PEOPLE. ICE, ICE RAIDS AND ITS CORRESPONDING CHILLING EFFECT ARE TAKING WORKERS RIGHT NOW FROM CONSTRUCTION SITES, FROM RESTAURANTS, FROM THE HOSPITALITY INDUSTRY, EVEN FROM THEIR HOMES. 
          HOW WILL WE DEAL WITH THE EFFECTS OF LOSING THIS MUCH LABOR? WHO'S WORKING ON THAT? STRESS SCA SCARCITY AND PLAIN HATE MAKE OUR POLICE AND FIRE DEPARTMENTS MORE NEEDED THAN EVER. 
          HOW ARE WE GOING TO PAY FOR THESE? SOME REFLECTIONS FOR YOU THAT I HOPE THAT YOU THINK ABOUT. THANK YOU, MAYOR, AND 
          THTHANK YOU, COUNCIL. >> MAYOR JONES: THANK YOU. 
          [APPLAUSE] >> MAYOR JONES: ARTURO MADRID FOLLOWED BY 
          ALEJANDRA LOPEZ. >> GOOD AFTERNOON, MAYOR, COUNCILPEOPLE, THANK YOU FOR HAVING ME. AS AN ACADEMIC, I HAVE ONLY QUESTIONS. 
          THAT'S HOW WE LEARN. QUESTIONS. SO THE FIRST QUESTION IS, 
          [03:35:03]
WHOSE PROJECT IS THIS? I DON'T SEE ANY FORMER COUNCILMEMBERS OF THE MAYOR'S SAYING THIS IS MY PROJECT. SO YOU ASK YOURSELF, WHOSE PROJECT IS THIS? AND I WILL TELL YOU THAT I'VE ATTENDED ONE OF THE SESSIONS, ONE OF THE WORKSHOPS AND I FILLED OUT THE SURVEY, AND THERE'S A RATIONALE THAT WAS PROVIDED WAS THAT WE NEEDED THIS PROJECT BECAUSE WE WANT MORE PEOPLE COMING TO SAN ANTONIO AS TOURIST. 
          AND THE QUESTION I ASKED IS, TO THEY COME TO SAN ANTONIO AS TOURIST FOR THE SPURS? FOR THE ENTERTAINMENT, OR DO THEY COME TO THE ALAMO, OR DO THEY COME TO THE RIVERWALK, OR DO THEY COME TO THE GRADUATION RIGHTS AT THE AIR FORCE BASE? WHY DO THEY COME? AND THE SECOND QUESTION IS, WHO BENEFITS FROM THIS? ARE THE WOR WORKERS GOING TO BENEFIT OR ARE THEY GOING TO BE THE LOW-WAGE WORKERS THAT WE ALWAYS HAVE HAD? CERTAINLY WHEN THE UNIVERSITY OF TEXAS SAN ANTONIO CAME AND THE HOSPITAL CAME, WE HAD BETTER PAYING JOBS, BUT I DON'T SEE THIS HAPPENING HERE. 
          AND WHAT ABOUT THE SMALL BUSINESSES? WE'RE TOLD THAT THE SMALL BUSINESSES ARE GOING TO DO VERY WELL. IN CASES LIKE THIS AROUND THE COUNTRY, WHO GETS THE BUSINESSES, THE SMALL BUSINESSES ARE THE CHAINS, THEY'RE THE ONES THAT PROFIT. WILL THE PUBLIC BENEFIT FROM IT? BY AND LARGE, AS I GO AROUND THE CITY, I FIND THAT PEOPLE IN THE CITY TEND NOT TO COME DOWNTOWN EXCEPT FOR MAJOR KINDS OF EVENTS. THEY AVOID IT. AND ULTIMATELY, WHO IS GOING TO PAY FOR THIS? WHO IS GOING TO PAY FOR IT IN TERMS NOT ONLY WHO'S GOING TO PUT UP THE MONEY, BUT WHO IS GOING TO END UP PAYING FOR THE DISPLACEMENT OF PEOPLE, FOR EXAMPLE, THE MARGINALIZATION OF PEOPLE, THE DIFFICULTY IT WOULD BE TO MOVE AROUND DOWNTOWN AREA. 
          THAT'S WHO'S GOING TO PAY FOR IT. SO ASK YOURSELVES THESE QUESTIONS. THANK YOU. [APPLAUSE] 
          >> MAYOR JONES: ALEJANDRA LOPEZ FOLLOWED BY ANTONIA CAPREL. 
          >> GOOD AFTERNOON, MAYOR AND CITY COUNCIL I'M THE PROUD PRESIDENT OF THE UNION THAT REPRESENTS WORKERS IN SAN ANTONIO ISD, THE HEART OF OUR BEAUTIFUL CITY. I WAS ALSO BORN AND RAISED IN SAN ANTONIO AND LIVE IN DISTRICT THREE, LESS THAN 10 MINUTES AWAY FROM THE PROPOSED STADIUM SITE. AT TEACHERS IN SAISD RETURN TO WORK THIS WEEK I'M STRUCK BY A STARK JUXTAPOSITION, HUNDREDS OF MILLIONS OF PUBLIC DOLLARS FOR A NEW STADIUM WHILE UNDERPAID TEACHERS SPEND THEIR OWN MONEY PREPARING CLASSROOMS OF OUR WORKING-CLASS CHILDREN OF OUR WORKING CORE. YOU'RE DISCUSSING SPORTS ENTERTAINMENT DOWNTOWN WHILE THE DISTRICTS SERVING WORKING-CLASS FAMILIES DOWNTOWN FACE STATE AND FORCED OS AUSTERITY ON AN UNPUBLPUBLIC SCALE. 
          IF IT MOVES FORWARD, THE PROJECT MARVEL DEVELOPMENT WILL BE BUILT ENTIRELY WITHIN THE BOUNDARIES OF SAN ANTONIO ISD, AND SUCH A HUGE INVESTMENT IN ENTERTAINMENT SHOULD COME WITH A COMMENSURATE INVESTMENT IN PUBLIC EDUCATION. IT'S CRUCIAL THAT OUR UNION, OUR COALITION PARTNERS ARE CENTRAL TO THIS PROCESS. 
          I WANT TO ECHO MUCH OF THE SENTIMENT FROM THE COMMUNITIES FROM THE REGULAR WORKING PEOPLE, THEIR SKEPTICISM IS JUSTIFIED AND THEIR CRITIQUES OF PLANS TO SPEND PUBLIC FUNDS ARE ABSOLUTELY REASONABLE. 
          I WANT TO CELEBRATE MAYOR JONES POSITION ON THIS PROJECT ON PROPOSED COMMUNITY BENEFITS, INCLUDING A HUGE AND HUGELY NECESSARY INVESTMENT IN EARLY CHILDHOOD EDUCATION, AND UPLIFT COUNCILMEMBERS CASTILLO, MCKEE-RODRIGUEZ AND GALVAN'S PRINCIPLE'S BUSHBACK AND ON BEHALF OF WORKERS AND WORKING FAMILIES ACROSS THE CITY, I WANT TO ASK FOR SO MUCH MORE. 
          ALREADY-DONE DEAL. IT SHOULD HAVE THINGS THAT MAKE OUR COMMUNITY STRONGER BECAUSE THAT WOULD BE A LEGACY WORTH INVESTING IN. 
          THANK YOU. [APPLAUSE] >> MAYOR JONES: ANTONIA CAPRAL FOLLOWED BY JESUS GARCIA. JESUS GARCIA FOLLOWED BY 
          ROBBY BROWN. >> >> ACTUALLY, WE'RE A GROUP. 
          [03:40:20]
LOOKS LIKE IT'S JUST JESUS GARCIA. WOULD THEY LIKE TO CEDE 
          THEIR TIME TO YOU FOR TWO MINUTES? >> BOTH MY HUSBAND AND I SIGNED UP. WE REGISTERED. I CHECKED. 
          >> MAYOR JONES: MA'AM, I HAVE ANTONIA CAPRAL, IS THAT MAYBE -- I'VE GOT 
          ANTONIA CAPRAL AND JESUS GARCIA. >> 
          >> MAYOR JONES: AND YOUR NAME, SIR. SORRY, WHAT IS YOUR NAME, 
          SIR? >> ANTONIA CAPRAL. >> MAYOR JONES: SO THAT'S 
          ONE. AND JESUS GARCIA. >> I DON'T KNOW WHO JESUS 
          GARCIA IS. >> MAYOR JONES: SO YOU'VE GOT TWO MINUTES, MAM. 
          , MA'AM, THANK YOU. WHAT WERE THE OTHER NAMES THAT ARE IN THIS GROUP. 
          MARY CABRAL, C-A-B-R-A-L. >> 
          >> THEY JUST CHECKED ON IT AND SAID I WAS THERE. I GOT AN E-MAIL SAYING 
          THTHAT I WAS REGISTERED. >> MAYOR JONES: OKAY. 
          YOU'VE GOT FOUR MINUTES, MA'AM. THANK YOU. 
          >> FOUR MINUTES. OKAY. GOOD AFTERNOON, HELLO, EVERYBODY. MY NAME IS MARY CABRAL, AND I AM PROUD TO BE A RESIDENT OF DISTRICT 7. I AM A RETIRED TEACHER, AND ALSO RETIRED FROM THE BUREAU OF HEARINGS AND APPEALS OF THE SOCIAL SECURITY ADMINISTRATION. 
          AS A TEACHER, I TAUGHT AT ALL LEVELS FROM GRAMMAR TO HIGH SCHOOL, AND ALSO AFTER EARNING MY MASTER'S DEGREE, I TAUGHT AT PALO ALTO GEJ. 
          PALO ALTO COLLEGE. I PARTICIPATE IN THE GED FABULOUS LUNCHEON ORGANIZATION WHICH PROVIDES FUNDS TO ALAMO COLLEGE FOR GED TUITION AND SCHOLARSHIPS FOR COLLEGE TO GED GRADUATES. 
          AND IN 17 YEARS THAT WE HAVE BEEN IN EXISTENCE, WE HAVE MANAGED TO BRING IN ABOUT -- OR OVER $1 MILLION TO THE ALAMO COLLEGE, WHICH IS A VERY, I BELIEVE, WORTHY CAUSE. I ALMOS ALSO A PROUD MEMBER FROM ESPARANZA PEACE AND JUSTICE CENTER AND OTHER WORTHY COMMUNITY ORGANIZATIONS. FY I, I LIKE THE SPURS, I WATCH THEM ALL THE TIME, I LOVE THIS CITY,  BUT DO WE WANT TO BUILD A NEW NEW ARENA AS PART OF PROJECT MARVEL? I'M TELLING YOU ALL OF THIS BECAUSE I WANT YOU TO KNOW THAT I HAVE DEALT DIRECTLY WITH FAMILIES WHO HAVE A HARD TIME ECONOMICALLY TO SEND THEIR CHILDREN TO SCHOOL, AND ALSO HOW DISABLED MEN AND WOMEN WHO ARE DENIED ASSISTANCE BY THE SOCIAL SECURITY SUFFER SEVERELY UNJUST AND IN MANY CASES EVEN RACIAL OBSTACLES. I'M HERE TODAY TO ASK QUESTIONS ABOUT PROJECT MARVEL. AND WHEN I SPEAK, I AM SPEAKING FOR THOUSANDS OF PEOPLE THAT FEEL THE SAME WAY, BUT ARE TOO TIMID OR TOO BUSY HOLDING TWO LOW-WAGE PAYING JOBS. I AM HERE IN ORDER TO REPRESENT A LOT OF PEOPLE THAT CANNOT BE HERE, IT'S NOT JUST ME. 
          OKAY. THAT'S ALL. AND I KNOW THAT EVERY SPEAKER FEELS THE SAME WAY. I CALLED THE CITY COUNCIL REPRESENTATIVE, MY CITY COUNCIL REPRESENTATIVE, AND TALKED TO HER ASSISTANT. I WILL REPEAT WHAT I HAVE SAID TO HIM. 
          WHAT WE THE PEOPLE ARE REQUESTING IS THAT COUNCIL BE MORE TRANSPARENT AND GIVE THE RESIDENTS MORE INFORMATION, SUCH AS ESTIMATE AS TO HOW MANY JOBS WILL BE PROVIDED, AND WHAT KIND OF JOBS? USUALLY THE JOBS AMONG THESE VENTURES THAT COME FROM THESE VENTURES PAY VERY LOW WAGES THAT PERPETRATE OUR LOW POVERTY LEVEL. 
          HOW MANY OF THEM WILL THIS VENTURE BRING? HOW MANY ABOVE POVERTY LEVEL SALARIES WILL IT OFFER THAT WILL IMPROVE OUR CITY OR HELP OUR CITY TO GET OUT OF THE INHUMANE CYCLE OF POVERTY THAT SAN ANTONIO HOLDS AT 
          [03:45:03]
PRESENT TIME? REMINDER, 17.7 RESIDENTS IN SAN ANTONIO LIVE IN POVERTY, AND THIS IS COMPARED TO 13.9 IN TEXAS AND 11.5 NATIONWIDE. 
          AND ALL OF THIS IS CAUSED BY LOW-PAYING JOBS AND EDUCATIONAL LEVELS. 
          SAN ANTONIO IS ONE OF THE MOST ECONOMICALLY SEGREGATED CITIES IN THE 
          U.S. WITH HIGH POVERTY -- OKAY. >> MAYOR JONES: MA'AM, YOU CAN SUBMIT YOUR WRITTEN COMMENTS TO THE CLERK FOR THE RECORD. 
          >> OKAY. >> MAYOR JONES: WELL, THANK YOU VERY MUCH FOR 
          LISTENING AND THAT'S ALL. >> MAYOR JONES: THANK YOU. JESUS GARCIA FOLLOWED BY ROBBY BROWN. 
          JESUS GARCIA? ROBBY BROWN FOLLOWED BY DET COLE. 
          >> HELLO, MAYOR, CITY COUNCIL. THANK YOU SO MUCH FOR THE OPPORTUNITY TO SPEAK TO Y'ALL TODAY. I APPRECIATE THE AMAZING WORK THAT Y'ALL DO IN THIS COMMUNITY AND ESPECIALLY ON THIS TOPIC. OBVIOUSLY IT HAS TAKEN A LOT OF TIME AND ENERGY FROM THE CITY AND FROM YOU, AND SO I'M FOREVER GRATEFUL FOR THAT. 
          MY NAME'S ROBBY BROWN. I'M THE PRESIDENT OF SOUTH TEXAS FOR DOCUMENTATION, AND SO I'M HERE TO SPEAK IN FAVOR OF PROJECT MARVEL. 
          DOCUMATION IS FAMILY OWNED AND MULTIGENERATION IN THIS COMMUNITY, 36 YEARS. WE HAVE A COMBINED EMPLOYEE COUNT OF 215 ACROSS TEXAS. WE'VE GROWN OVER THE LAST FEW YEARS BEING ONE OF THE LARGEST TECHNOLOGY SERVICE PROVIDERS IN TEXAS AND OUR LOVE AND COMMITMENT FOR THE COMMUNITY THAT WE CALL HOME HERE IN SAN ANTONIO, SO OUR TEXAS BASE HEADQUARTERS OBVIOUSLY HERE FOR THE LAST 11 YEARS HAS RESIDED IN DISTRICT SIX WHICH WE'RE PROUD AND EXCITED TO WORK 
          WITH NEWLY MINTED COUNCCOUNCILWOMAN. >> GONZALEZ: , AND THAT BEING SAID, I WANTED TO COME BEFORE  EACH OF YOU TODAY TO SAY HOW MUCH OUR PARTNERSHIP WITH THE SPURS HAS MEANT BEING A FAMILY LOCAL BUSINESS OVER THE LAST FOUR YEARS. AS I MENTIONED WE'VE HAD A LOT OF TREMENDOUS GROWTH. THAT GROWTH OVER THE LAST YEARS HAS BEEN 30% YEAR OVER YEAR. OUR BUSINESS SUPPORTING SMALL BUSINESSES IN THIS COMMUNITY AS WELL, 80% OF THOSE, SO THAT BEING SAID, THE SPURS ORGANIZATION AWARDED US A CONTRACT FOUR YEARS AGO AND I DON'T BELIEVE IT IS COINCIDENCE, IN A LOT OF WAYS, THAT WE'VE SEEN SUCH A SIGNIFICANT GROWTH IN OUR BUSINESS, WHICH WE FEEL LIKE HAS SOMEBODY SHARED EARLIER A RIPPLE EFFECT INTO THE COMMUNITY. 
          WE HAVE SINCE GONE ON AFTER THAT AS WELL TO LAND MORE PARTNERSHIP AND BUSINESSES WITH MANY OTHER OF THE MAJOR SPORTS TEAMS IN TEXAS, SO DALLAS MAVERICKS, HOUSTON ROCKETS, DALLAS STARS, AND SO ON AND SO FORTH. 
          AND SO YOU MAY ASK WHY IS THIS SO RELEVANT AT ALL IN THE DISCUSSION AROUND 
          PROJECT MARVEL? >> MAYOR JONES: THANK YOU, ROBBY, YOU CAN 
          SUBMIT YOUR COMMENTS FOR THE RECORD. >> THANK YOU. 
          >> MAYOR JONES: DET COLE FOLLOWED BY STEVE ERSTIG. 
          >> I'M GIVING MY TWO MINUTES TO STEVE VERSTIG. 
          >> MAYOR JONES: FOUR MINUTES, THANK YOU. >> HI. 
          I LIVE IN DISTRICT TWO IN THE ORIGINAL 36 SQUARE MILES OF SAN ANTONIO. 
          AND I ALSO NOW LIVE IN THE PFZ. MY DAY JOB IS AT A MANUFACTURER IN DISTRICT TWO, I'M A PRODUCT ENGINEER I'M A BOARD MEMBER AND A STEERING COMMITTEE MEMBER ON TIER 1 NEIGHBORHOOD COALITION, I'VE ALSO JOINED THE NO PROJECT MARVEL COALITION. 
          MY WIFE AND I ARE SMALL BUSINESS OWNERS IN DISTRICT 10. 
          I SEE, YOU KNOW, THIS ECONOMIC IMPACT ANALYSIS SEEMS TO ADD UP TO LIKE 18 BILLION OVER 30 YEARS, AND THAT'S ABOUT 600 MILLION A YEAR, SO, YOU KNOW, OUR BUSINESS ON AUSTIN HIGHWAY, WE EMPLOY SOMEONE FULL-TIME AND PART-TIME AND WE SELL LOCALE ARTISAN PRODUCTS AND WE HAVE PEOPLE WHO ALWAYS GO TO THE STORE WHEN THEY VISIT TOWN AND I'M SURE I COULD GET A CONSULTANT TO SAY THAT OUR ECONOMIC IMPACT IS $60,000, WHICH IS 
          [03:50:02]
1/10,000TH OF THIS PROJECT. SO IF WE'RE TALKING ABOUT $50 MILLION, 1/10,000TH IS $50,000. AND WE WOULD TAKE THAT FOR IMPROVEMENTS, INFRASTRUCTURE OF DRESSING ROOMS AND PUBLIC RESTROOM, BUT I DON'T -- I DON'T EXPECT THAT AND -- BECAUSE THAT ISN'T THE WAY IT WORKS. I MEAN, PRIVATE BUSINESSES FUND THEIR OWN PROJECTS AND THEIR OWN BUSINESSES. AND THE GOVERNMENT SHOULD FUND THE CITIZENS' NEEDS. WE HEARD IN THE ECONOMIC IMPACT ANALYSIS, WE HEARD ABOUT MPV, BUT WHAT WE DIDN'T HEAR ABOUT WAS THE ECONOMIC NET PRESENT VALUE, ECONOMIC NPV  IS A PROJECT EVALUATION TOOL THAT ASSESSES THE OVERALL IMPACT COF A PROJECT ON THE WELFARE OF SOCIETY AS A WHOLE. THERE'S A STANDARD FINANCIAL NPV, BUT UNLIKE THE LATTER WHICH CONSIDERS ONLY FINANCIAL PROBABILITY FROM THE PROBABILITY OWNER'S PERSPECTIVE, THE ENPV LOOKS AT THE SOCIAL COSTS AND BENEFITS AND EXCLUDES INTERNALTIES. EXPECTED IMPACT CAN FALL VERY, VERY SHORT, GO OVER TO EAST HOUSTON STREET TO SEE PROOF OF THAT. 
          THE CONSULTANT TALKED ABOUT A HAIRCUT ON SOME OF HIS NUMBERS. 
          WELL, THE EAST SIDE DIDN'T TAKE A HAIRCUT, WE GOT DECAPITATED. 
          YOU KNOW, THE CITY GAVE UP ON THE FROST CENTER, I GUESS, AND THE COUNTY'S STUCK STILL PAYING HUNDREDS OF MILLIONS OF DOLLARS FOR THAT. 
          THE SPURS ARE ANXIOUS TO SPEND HUNDREDS OF MILLIONS EXTRA DOWNTOWN. 
          WHY HAVEN'T THEY SPENT HUNDREDS OF MILLIONS ON THE EAST SIDE? WHY IS THAT? SO, YOU KNOW, NO PROJECT MARVEL DOESN'T MEAN WE DON'T WANT A NEW ARENA, IT DOESN'T MEAN WE DON'T WANT NEW VISITORS INCENTIVES, IT DOESN'T MEAN WE DON'T WANT INFRASTRUCTURE DOWNTOWN, BUT WE JUST DON'T WANT IT THIS WAY WITH HUGE CHUNKS OF PUBLIC MONEY WHEN OTHER COMMUNITY NEEDS EXIST IN OTHER AREAS OF TOWN. 
          I MEAN, THE URGENCY JUST SEEMS MANUFACTURED. IF THIS PROJECT'S RIGHT, IT WILL BE RIGHT TOMORROW, IT WILL BE RIGHT NEXT YEAR, IT WILL BE RIGHT THREE YEARS FROM NOW. WHERE'S THE URGENCY? SO, YOU KNOW, SAYING NO, WE'RE NOT [INDISCERNIBLE] WE WANT PUBLIC MONEY IN OUR BACKYARD FIRST WHERE WE NEED IT. THANK YOU. 
          [APPLAUSE] >> MAYOR JONES: SAM PECHEVY FOLLOWED BY ELIZABETH FRANKLIN. ALL RIGHT. ELIZABETH FRANKLIN, 
          FOLLOWED BY EDWARD ROMERO. >> LIZ FRANKLIN, I LIVE IN DISTRICT TWO, LONG-TIME COMMUNITY ADVOCATE FOR DISTRICT TWO. WELCOME ALL OF YOU. I HAVEN'T BEEN AROUND IN A MINUTE, SO I HARDLY KNOW ANYBODY EXCEPT MARK. 
          I'M GOING TO GO IN A DIFFERENT DIRECTION, BECAUSE IT'S ALMOST 5:00 AND THEN THAT'S CITIZENS TO BE HEARD AND DINNER AND, YOU KNOW, WHERE WE'RE GOING TO BE AFTER THAT AND I ONLY GOT 10 MINUTES, SO WHAT DO PEOPLE REALLY MEAN WHEN THEY TALK ABOUT INCLUSION? WHAT DO THEY MEAN WHEN THEY TALK ABOUT TRANSPARENCY? WELL, WE ALREADY HAD A PLUS ON THAT TODAY THANKS TO MADAM MAYOR. 
          YOU CAN'T HAVE STUFF THAT GETS LOST IN TRAFFIC WHILE WE'RE OUT HERE COMPLAINING WE THE CITIZENS, THE COMMUNITY, THAT IT'S NOT TRANSPARENT. THAT'S A BIG DEAL. THE MONEY IS A BIG DEAL. 
          BUT WHAT DOES INCLUSION MEAN? WHAT DOES TRANSPARENCY MEAN? WHAT DOES CULTURE MEAN? IT MEANS DON'T LEAVE ME BEHIND AGAIN. WE LEFT PEOPLE BEHIND WHEN WE DID THE FROST BANK. I WASN'T HERE, YOU WEREN'T HERE, YOU WEREN'T HERE, YOU MAY NOT HAVE EVEN BEEN BORN YET, BUT THE REALITY OF IT IS, WE PROMISED THEM JOBS, WE PROMISED THEM INFRASTRUCTURE, WE PROMISED THEM PEOPLE COMING FROM 151 TO EAT IN THEIR RESTAURANTS, AND NONE OF THAT HAPPENED. AND THE THING THAT BUGS ME MORE THAN THAT IS PEOPLE WERE TURNED AWAY FROM THE ELTON JOHN AND THE BUNNY CONCERT BECAUSE IT WASN'T ADEQUATE PARKING. THAT'S A SIMPLE FIX. 
          THAT'S A SIMPLE FIX. WHAT IS THAT IN THE WHOLE PROJECT? WHAT DOES THAT LOOK LIKE? MAYBE THAT'S A JOB FOR ME. MAYBE THAT'S A TRANSITION FOR ME. 
          BUT WE DON'T DISCUSS IT BECAUSE, WE'VE GOT 500 SPOTS, WE'LL WORK IT OUT 
          [03:55:02]
LATER. WE'VE BEEN WORKING STUFF OUT FOR 30 YEARS, FOLKS. 
          THIS IS A NEW LEADERSHIP, YOU GUYS GOT YOUR OWN PRECEDENCE TO SET, YOU COULD DO SOMETHING NOVEL. YOU COULD TAKE CARE OF THE PEOPLE AND DEVELOP OUR ECONOMIC STRUCTURE. I THINK YOU'RE MORE THAN CAPABLE. THANK YOU. [APPLAUSE] 
          >> MAYOR JONES: EDWARD RORA MER RO FOLLOWED BY VICTORIA ALEJANDRA. 
          >> I'M THE CHIEF STRATEGY OFFICER AT CENTRO SAN ANTONIO AND RESEARCH FELLOW WITH BETTER FUTURES INSTITUTE. IN 2024, HEMISFAIR WELCOMED OVER 2 MILLION VISITORS. THAT CAME OUT TO OVER 200,000 VISITS FROM DISTRICT THREE COMMUNITY MEMBERS AND OVER 200,000 VISITS FROM DISTRICT FIVE COMMUNITY MEMBERS. AND WELL OVER 100,000 COMMUNITY MEMBERS FROM OTHER DISTRICTS. I HIGHLIGHT THIS TO HIGHLIGHT THE TOOL. THE REACH OF HEMISFAIR, BUT ALSO THE TOOLS THAT EXIST, AND IF EQUITABLE USE IS THE MEASURE OF SUCCESS, HEMISFAIR IS A MODEL TO SCALE. IT'S INTENTIONALLY DESIGNED WELCOMING TO ALL, AND OFFERS BOTH MIXED-USE AND MIXED-INCOME AMENITIES. 
          3-1-1, THE 3-1-1 APP, THAT'S ANOTHER TOOL WHERE THE PUBLIC CAN TRANSPARENTLY TRACK CITY SERVICES AND, THEREFORE, PUBLIC INVESTMENT. 
          WE ARE MORE EQUIPPED THAN EVER WITH TALENT AND TECHNOLOGY TO TRACK OUTCOMES, ANALYZE DATA AND TAKE ACTION TO SERVE THE PEOPLE OF OUR COMMUNITY. UTSA'S SCHOOL OF DATA SCIENCE, CARNEGIE R-1 RESEARCH UNIVERSITY AND ONE OF THE ONLY FEW PUBLIC HISPANIC-SERVING INSTITUTIONS WITH THE HIGHEST RESEARCH ACTIVITY DESIGNATION IN THE U.S. 
          UTSA HAS MADE A MAJOR COMMITMENT TO SAN ANTONIO AND EXPANDING ITS CAMPUS NETWORK IN DOWNTOWN AND THROUGHOUT OUR CITY ONLY BLOCKS AWAY. 
          AND CENTRO, WE'RE A PROUD AFFILIATE MEMBER OF THE CITY'S SMART SA PARTNERSHIP. WE HAVE A SHARED MISSION TO DRIVE EFFICIENCIES, LEVERAGE OPPORTUNITIES AND -- INCLUSIVE AND RESILIENT SAN ANTONIO. IT IS POSSIBLE, AND THIS DISTRICT CAN SUCCEED IF WE CONTINUE THE PROCESS. THANK YOU. 
          >> MAYOR JONES: THANK YOU. [APPLAUSE] 
          >> MAYOR JONES: VICTORIA ALEJANDRA FOLLOWED BY MICHELLE MADSON. 
          >>   GOOD AFTERNOON COUNCILMEMBERS. CLOSER LIKE THAT? OKAY. THAT SOUNDS GOOD. GOOD AFTERNOON, Y'ALL. 
          YOU CAN CALL ME ALEX. I LIVE IN DISTRICT ONE, I'M NOT MUCH OF A PUBLIC SPEAKER, SO I FEEL LIKE I'M GOING TO THROW UP, BUT I PROMISE I WON'T. 
          I FEEL VERY STRONGLY ABOUT THIS SITUATION AND THAT'S WHY I'M HERE. 
          I WASN'T PAID TO BE HERE, I'M JUST HERE ON MY OWN TIME. 
          I'M STARTING TO THINK THAT AS FORMER COUNCILMEMBER GRACIELA SANCHEZ MENTIONS THAT PERHAPS THERE ARE, INDEED, TWO CITIES. 
          ONE FOR THE RICH IN THEIR BUSINESS SUITS AND ONE FOR THE WORKING CLASS PEOPLE WHO ARE STRUGGLING. WE'RE A VERY POOR CITY AND WE THINK THAT THIS ARENA IS GOING TO PROVIDE MONEY AND MAGICALLY TRICKLE DOWN TO THE MOST VULNERABLE IS A BIT FOOLISH. 
          LET'S NOT IGNORE WHAT ICE IS DOING TO OUR COMMUNITIES, WHAT POVERTY IS DOING TO OUR COMMUNITIES AND ELDERLY, ICE IS ILLEGALLY DETAINING PEOPLE AT THE COURTHOUSE AS WE SPEAK. WE'RE TOO DISTRACTED, THIS IS NOT THE TIME FOR A NEW ARENA THAT MOST PEOPLE DIDN'T EVEN ASK FOR. TRANSPARENCY, RIGHT? WHAT DOES THAT MEAN? WELL, A STUDY WAS DONE BY FRIENDS OF THE SPURS BECAUSE UNFORTUNATELY IT SOUNDS LIKE A GIANT SA SALES PITCH TO ME SO I THINK IT'S AN INSULT TO OUR INTELLIGENCE TO SAY THAT THESE HAVE BEEN TALKED THROUGH. 
          IF YOU WANT TO HEAR MY OPINION, IT'S BEEN EGREGIOUSLY RUSHED AND TO SAY THAT PEOPLE HAVE HAD A GOOD CHANCE TO REVIEW THE DETAILS IS A FALSITY. 
          WEREN'T WE DISCUSSING THIS MORNING THAT EVEN YOU, MAYOR, DIDN'T KNOW WHAT THE ANALYSIS WAS. WE DID ALL THOSE MEETINGS FOR MONTHS, RIGHT? THERE WAS THAT INITIAL PRESENTATION WE HAD THIS MORNING, BUT NOBODY HAD THAT ANALYSIS SO I THINK IT'S RUSHED. AND ALSO THE TRUTH IS THAT THESE -- THIS FUNDING, IT CAN BE USED FOR OTHER USES SO I'M NOT AGAINST DREAMING OF A BETTER SAN ANTONIO, JUST LIKE Y'ALL SITTING BEFORE ME, I'M SURE THAT'S WHY YOU'RE HERE, BUT NOT AT THE COST OF TRANSPARENCY OR OUR PEOPLE. MY NEIGHBORHOOD IS NOT FOR SALE, Y'ALL. 
          WE NEED INVESTMENTS AND SAFER STREETS, I MEAN FLOOD PREVENTION, WHAT JUST HAPPENED ON AUSTIN HIGHWAY, WE NEED TO TACKLE THAT, NOT TALKING 
          [04:00:01]
ABOUT LUXURY ARENAS, I MEAN, COME ON NOW. TAX DOLLARS SHOULD NOT BE USED TO FUND PRIVATE DEVELOPMENT. I HOPE YOU POSTPONED UNTIL WE HAVE A SERIOUS INDEPENDENT COST STUDY ANALYSIS. 
          >> MAYOR JONES: THANK YOU. >> 
          [APPLAUSE] >> MAYOR JONES: MICHELLE MADSON FOLLOWED BY MALIK 
          ALEXANDER. >> GOOD AFTERNOON, MAYOR AND COUNCIL, MY NAME'S MICHELLE MADSON I'M THE PRESIDENT AND CEO OF THE SAN ANTONIO HOTEL AND LODGING ASSOCIATION WHICH PROUDLY SERVES 300 MEMBERS TO MILLIONS OF VISITORS EVERY YEAR. WE STAND IN STRONG SUPPORT FOR THE PROPOSED SPORTS ENTERTAINMENT DISTRICT AND ENCOURAGING YOU TO INVEST IN THE FUTURE GENERATIONS BY MOVING FORWARD WITH THE PROJECT. 
          IMPACT STUDIES SHOW THAT EVERY DOLLAR OF VISITORS SPENDING SHOWS AN ADDITIONAL DOLLAR OF INCOME FOR OUR SAN ANTONIO EMPLOYEES. 
          THE DISTRICT WILL BE LARGELY FINANCED BY VISITORS WITH DOLLARS THAT ARE VERY RESTRICTED. THE HOTEL OCCUPANCY TAX FUNDS IDENTIFIED BY THE PROJECT BY LAW ARE NOT AVAILABLE TO ADDRESS MANY OTHER VALID ISSUES IMPACTING OUR CITY; HOWEVER, BY SMARTLY USING THESE VERY RESTRICTED FUNDS FOR THE DISTRICT, WE ARE ALLOWING VISITOR SPENDING TO GENERATE MAXIMUM RETURN ON INVESTMENT FOR OUR WORKFORCE AND FOR OUR RESIDENTS. THIS ENSURES THAT THOSE WHO VISIT OUR CITY ARE BEARING THE COST WHILE RESIDENTS SEE THE BENEFIT THROUGH IMPROVED INFRASTRUCTURE, JOBS AND REVITALIZATION. 
          COMMUNITY BENEFITS ARE ALSO ALREADY BUILT INTO THE PROJECT. 
          AS 15% OF HOTEL OCCUPANCY TAX GOES DIRECTLY TO ARTS AND CULTURE AND 15% GOES DIRECTLY TO HISTORIC PRESERVATION. INCREASED VISITOR TRAFFIC WILL RESULT IN MILLIONS OF ADDITIONAL FUNDS FOR SAN ANTONIO ARTISANS, STUDENTS, PROGRAMS AND LOCAL BUSINESSES. THE EXPANSION OF THE CONVENTION FACILITIES AND AN UPDATED AND ENHANCED ALAMODOME ARE CRITICAL TO OUR ABILITY TO COMPETE WITH OTHER TEXAS CITIES FOR HIGH-PROFILE GATHERINGS THAT CONTRIBUTE TO THE GROWTH OF OUR HOSPITALITY WORKFORCE AND EXPAND ACCESS TO OUR RESIDENTS TO PREMIER EVENTS THAT WERE PREVIOUSLY BEYOND OUR REACH. THIS PROJECT WILL CHANGE OUR CITY FOR THE BETTER AND AS AN OPPORTUNITY TO STAKE OUR CLAIM AS AN EPICENTER OF THOUGHTFUL DEVELOPMENT THAT PRIORITIZE CULTURE AND HISTORY HAND IN HAND WITH GROWTH AND PROSPERITY FOR OUR CITIZENS. 
          THANK YOU FOR THE OPPORTUNITY FOR THIS PROCESS HAS GIVEN US ON BEHALF OF OUR MEMBERS I ENCOURAGE YOU TO SUPPORT THIS MOVING FORWARD. 
          THANK YOU. >> MAYOR JONES: THANK YOU. 
          [APPLAUSE] >> MAYOR JONES: MALIK ALEXANDER FOLLOWED BY ANALISSA PEACE. ANA LISA PEACE FOLLOWED BY TRISH DEBERRY. 
          . >> HI. I'M SANDRA MARTINEZ, I'M 
          GIVING MY TIME. >> THANK YOU SO MUCH. >> MY NAME IS ANALISSA 
          PEACE AND I'M -- >> MAYOR JONES: ONE SEC, MA'AM. 
          >> SANDRA MARTINEZ. 
          UP FOR AS WELL. >> MAYOR JONES: MA'AM, YOU'RE SIGNED UP FOR BOTH. YOU HAVE TWO MINUTES TO SPEAK RIGHT NOW. 
          >> IF I -- CAN I TAKE HER TIME IF I SPEAK AT 5:00? >> MAYOR JONES: YES. 
          >> OKAY. THANK YOU. >> MAYOR JONES: TRISH 
          DEBERRY FOLLOWED BY JOHN NEIL. >> GOOD AFTERNOON. 
          IT'S MY PLEASURE TO BE HERE ON BEHALF OF THE CENTRO BOARD OF DIRECTORS AND OUR AMAZING AMBASSADOR OPERATION RIGHT HERE TODAY. 
          YOU DID A GREAT JOB. BY THE WAY, THEY'RE GREAT HUMANS AND THEY KEEP DOWNTOWN CLEAN AND SAFE EVERY SINGLE DAY. LISTEN, YOU ALL ARE A WATERSHED MOMENT. I TRULY BELIEVE THAT. AND THIS IS A DIFFICULT DECISION, NO DOUBT. BUT THERE HAVE BEEN OTHER COUNCILS THAT HAVE FACED VERY DIFFICULT DECISIONS, MUCH LIKE THIS ONE, WITH LOTS OF CONTROVERSY AND MUCH DEBATE, WHETHER IT WAS THE FLUORIDE CAMPAIGN THAT BROUGHT FLOR DAITION TO SAN ANTONIO'S WATER SYSTEM, OR THE TPC SAN ANTONIO, WHICH BY THE WAY, WENT TO FOUR TO SIX CITY COUNCILS BEFORE WE GOT TO WHERE WE ARE TODAY, AND THE TEXAS OPEN IS NOW AT THE TPC SAN ANTONIO IS A JUGGERNAUT FOR ECONOMIC DEVELOPMENT, SO I GUESS MY POINT IS, YOU ARE IN GOOD COMPANY, MY FRIENDS, AND DIFFICULT DECISIONS REQUIRE BOLD LEADERSHIP 
          [04:05:02]
AND BACKBONE. SO I BELIEVE THAT WE ARE AT THIS CRITICAL JUNCTURE ONCE AGAIN AND ANOTHER WATERSHED MOMENT, RIGHT? ONE THAT WILL BRING A SPORTS AND ENTERTAINMENT DISTRICT INTO DOWNTOWN AND INVEST BILLIONS OF AND I WANT TO UNDERSCORE THIS POINT. THOSE BILLIONS OF DOLLARS THAT COME INTO DOWNTOWN ARE NOT JUST STAYING IN DISTRICT ONE AND IN DOWNTOWN. THOSE HOT TAX DOLLARS, SALES TAX DOLLARS, PROPERTY TAX DOLLARS ARE GOING INTO CITY COFFERS AND GUESS WHAT? THAT WEALTH IS SPREAD ACROSS STREETS, SIDEWALKS, PARKS IN ALL 10 DISTRICTS. SO MAKE NO MISTAKE, THIS IS OUR OPPORTUNITY, AND I HATE TO BORROW UPON A MOVIE THAT I REALLY LOVE, MY KIDS ENJOY, AND THAT IS WICKED. AND BY THE WAY, WICKED NO LONGER MEANS EVIL. 
          WICKED MEANS -- GREATNESS. BUT WE HAVE THE OPPORTUNITY, LIKE THE SONG SAYS IN WICKED TO DEFY GRAVITY. THIS IS OUR OPPORTUNITY TO SOAR. THERE MAY BE OTHERS THAT TRY TO PULL US DOWN, BUT WE'RE GOING TO CREATE NOT JUST AN OPPORTUNITY TO BRING THE SPURS BACK TO DOWNTOWN, JOBS, AND, YES, EVEN AFFORDABLE HOUSING. THANK YOU VERY MUCH FOR 
          THE OPPORTUNITY TO BE HERE. >> MAYOR JONES: THANK 
          YOU. [APPLAUSE] >> MAYOR JONES: JOHN NEIL 
          FOLLOWED BY ELAINE CUMMINS. >> HELLO. 
          I THINK PROJECT MARVEL IN MY OPINION IS A NET LOSER, AS IT STANDS TODAY. ALSO I KNOW THAT BY THE TIME IT GETS HERE, IT'S OVER. IT'S GOING TO HAPPEN. I KNOW THAT. 
          WE ALL KNOW THAT REALLY, DON'T WE? WELL, YOU KNOW WHAT? THERE MIGHT BE A CHANCE, BUT IT'S A SLIM ONE. MY POINT IS THIS:  YOU CAN MAKE THIS LOSER INTO A WINNER, I THINK, IN TWO WAYS.  I SAW THAT 30% OF THE CONSTRUCTION IS GOING TO GO 30% TO THE CITY, CITY CONTRACTORS AND SO FORTH. IT SHOULD BE 100%. YOU KNOW, YOU SHOULD START AT 100 AND WORK YOUR WAY DOWN, NOT START AT 30 AND TRY TO WORK YOUR WAY UP. IT WON'T HAPPEN. ALSO THEY TALK ABOUT PUBLIC/PRIVATE PARTNERSHIPS, THEY TALK ABOUT WATERSHED MOMENTS, THEY TALK ABOUT -- YOU CAN'T SAY NO, IT IS A WATERSHED MOMENT, AND I THINK IF YOU REALLY WANT TO MAKE HISTORY AND YOU REALLY WANT TO MAKE NEWS AND IF YOU REALLY WANT TO MAKE A DIFFERENCE IN THE FUTURE, SO THIS SMALL MARKET TOWN WON'T BE FACING THE SAME THING 20 YEARS FROM NOW, YOU NEED TO BUY INTO THE SPURS, YOU NEED TO BE PART OWNER OF THE SPURS WITH A 20-YEAR PLAN TO OWN THE SPURS OUTRIGHT, BECAUSE EVERY SMALL MARKET CITY FACES THIS EVERY 20 YEARS, EXCEPT ONE. THAT'S GREEN BAY, WISCONSIN, AND YOU KNOW WHY? BECAUSE THE PACKERS ARE OWNED BY THE COMMUNITY. THAT'S THE ONLY WAY YOU'RE EVER GOING TO AVOID THIS. THAT WOULD TURN THIS LOSER INTO A WINNER IF YOU COULD DO IT.  I'M GOING TO TELL YOU WHAT. THE MOST POWERFUL WORD YOU LADIES HAVE IS "NO," AS YOU YOU KNOW, AND YOU NEED TO USE IT -- SAN ANTONIO. SAN ANTONIO LOVES THE SPURS, EVERYBODY ELSE DOESN'T EVEN KNOW THE SPURS ARE THERE. YOU HAVE THE LEVERAGE, YOU HAVE THE REASONS, EVEN THE POOREST PERSON LOVES THE SPURS HERE IN TOWN. YOU'LL BE DOING SOMETHING FOR THE GUY THAT WILL NEVER SET FOOT IN THAT STADIUM BECAUSE HE DOESN'T HAVE THE MONEY TO DO IT, BUT HE WANTS THE SPURS TO STAY HERE, EVERYBODY IN TOWN WANTS THE SPURS TO STAY HERE, BUT THEY'RE ONLY GOING TO STAY HERE IF THE CITY OF SAN ANTONIO HAS THE SAY TO MAKE SURE THEY DON'T GO ANYWHERE ELSE. 
          YOU NEED TO HAVE AN OWNERSHIP STAKE WITH A VETO POWER AND YOU NEED TO MAKE THAT PART OF THIS DEAL. THANK YOU. 
          >> MAYOR JONES: ELAINE CUMMINS FOLLOWED BY RUBY JIMENEZ. 
          >> >> GOOD AFTERNOON. I'M ELAINE CUMMINS, RESIDENTS OF TOBIN HILL IN DISTRICT ONE. I'M GOING TO TELL YOU -- GIVE YOU SOME INFORMATION ABOUT MY CREDENTIALS IN THE HOPE THAT WHAT I SAY WILL HAVE AN IMPACT. I HAVE A PH.D. IN PUBLIC ADMINISTRATION AND PUBLIC POLICY FROM THE AMERICAN UNIVERSITY, AND I RETIRED FROM THE FBI AS A MEMBER OF THE EXECUTIVE SERVICE IN 2017. I'M CURRENTLY A CONSULTANT WITH MITER CORPORATION, BUT I'M HERE TODAY AS A CITIZEN OF SAN ANTONIO. I HAD MANY -- I HAVE MANY UNANSWERED QUESTIONS ABOUT THIS PROJECT, BUT MAYOR JONES, I WAS VERY PLEASED TO HEAR YOU PUSH FOR AN ASSESSMENT. I THINK I HEARD YOU SAY THAT WE WEREN'T EVEN GOING TO MOVE FORWARD UNTIL WE HAD AN ASSESSMENT. 
          SO I WAS VERY EAGERLY AWAITING -- AT LEAST I THOUGHT WAS PROMISED TO BE AN ASSESSMENT. 
          [04:10:02]
BUT, AGAIN, MAYOR, BY THE QUESTIONS THAT YOU'VE ASKED TODAY  TO THE PEOPLE WHO WERE PRESENTING ON THE AGENDA, I THINK YOU'RE NOT QUITE SATISFIED THAT WE'RE AT THE LEVEL OF A FULL ASSESSMENT EITHER. 
          THE DOCUMENT THAT WAS PROVIDED TO US ONLINE FALLS FAR SHORT OF WHAT AN ASSESSMENT WOULD BE. IT REFERS TO ITSELF AS AN ANALYSIS OR A STUDY, BUT IT LACKS CONTEXT AND RIGOR OF THE TRUE ASSESSMENT. 
          WHAT WE NEED ARE CLEAR GOALS, WE NEED A RISK ASSESSMENT, WE NEED A COST BENEFIT ANALYSIS AND AN EXPLANATION OF WHERE THESE ESTIMATES AND APPROXIMATIONS COME FROM. THANK YOU. 
          [APPLAUSE] >> MAYOR JONES: RUBY JIMENEZ FOLLOWED BY HOPE 
          ANDRADE. HOPE ANDRADE? >> I'M SO SORRY, MAYOR, I DID NOT HEAR. GOOD AFTERNOON, MAYOR, CITY COUNCIL. 
          MR. CITY ATTORNEY, MR. CITY MANAGER, THANK YOU SO MUCH FOR THE OPPORTUNITY TO SPEAK TO YOU THIS AFTERNOON. MY NAME IS HOPE ANDRADE, AND I COME TO YOU NOT PART OF ANY ORGANIZATION. 
          I COME TO YOU AS A PROUD RESIDENT OF SAN ANTONIO FOR THE PAST 75 YEARS. 
          I GUESS I JUST TOLD YOU HOW OLD I AM. AND I AM SO GRATEFUL FOR THIS CITY, FOR THE CITY THAT HAS GIVEN ME UNLIMITED OPPORTUNITIES AND HAS GIVEN ME AN AMAZING LIFE. AND MY WORK IN THIS COMMUNITY IS TO MAKE SURE THAT EVERYONE HAS THE SAME OPPORTUNITIES THAT I HAD. TODAY I LIVE IN DISTRICT ONE, BUT I GREW UP IN DISTRICT FIVE. AND I WAS A LITTLE GIRL THAT HER PARENTS DID NOT SPEAK ENGLISH, BUT YET SAN ANTONIO OFFERED ME OPPORTUNITIES TO GROW. 
          SO, YOU KNOW, I WAS JUST A TEENAGER WHEN HEMISFAIR '68 OPENED ITS DOOR, I STILL REMEMBER THE EXCITEMENT, THE PRIDE, THE WAY IT PUT OUR CITY ON THE MAP. THE MOMENT THAT IT CHANGED HOW WE SAW SAN ANTONIO, BUT MORE IMPORTANTLY, HOW THE WORLD SAW US. 
          IN FACT, IT WAS MY HUSBAND'S AND MINE FIRST DATE, SO IT ALWAYS WILL BE MEMORABLE, AND I THINK BACK OF THOSE LEADERS, OF WHAT IT MUST HAVE TAKEN THEM TO PUT SUCH A HUGE INVESTMENT IN OUR DOWNTOWN. 
          I'M SURE IT WASN'T EASY. I'M SURE THAT THEY GOT CRITICIZED AND THEY HAD TO SACRIFICE AND THEY HAD TO BE COMMITTED TO THIS, BUT THEY DID IT. 
          AND THAT'S WHAT PUT SAN ANTONIO ON THE MAP. SO IN OUR DOWNTOWN, ANY CITY -- EVERY CITY NEEDS A VIBRANT DOWNTOWN TO BE SUCCESSFUL. 
          AND THIS IS WITH THE SAN ANTONIO SPORTS AND ENTERTAINMENT DISTRICT WOULD DO. IT WOULD BRING A VIBRANT DOWNTOWN THAT WOULD BRING MORE OPPORTUNITIES FOR JOBS, THAT IT WOULD BRING MORE TOUR ISMS FOR OUR HOSPITALITY AND TOURISM BUSINESS AND IT WOULD ALSO BRING A GOOD QUALITY OF LIFE  WHERE PEOPLE COULD ENJOY WITH THEIR FAMILIES GREENSPACES AND VENUES. AM I DONE IN SO ANYWAY, I SUPPORT THIS. 
          THANK YOU SO MUCH. ONE DAY PEOPLE WILL LOOK AT YOU AND SAY, HOW DID THEY GET IT DONE? AND SO THANK YOU FOR WHAT YOU DO. 
          I NEVER RAN FOR OFFICE, SO I CERTAINLY RESPECT ALL OF YOU FOR WHAT YOU 
          DO AND GIVE TO THIS COMMUNITY. >> MAYOR JONES: THANK 
          YOU, MA'AM. >> THANK YOU SO MUCH. [APPLAUSE] 
          >> MAYOR JONES: THE TIME IS NOW 5:15 P.M. AND THE CITY COUNCIL WILL RECESS THE SPECIAL SESSION SO WE MAY TAKE UP A HUD PUBLIC HEARING SCHEDULED FOR 5:00 P.M. FOLLOWING THING PUBLIC HEARING, WE WILL RESUME 
          THE SPECIAL SESSION. >> 
          YOUR NAME? >> 
          YOU CAN SPEAK AT THE NEXT ONE. >> 
          [04:15:11]
          >> MAYOR JONES: MA'AM, IT LOOKS LIKE YOU SIGNED UP FOR PUBLIC COMMENT. 
          >> 
          >> 
          YES, MA'AM. >> IS NOW 5:17 P.M. ON WEDNESDAY, AUGUST 6, 2025, AND THE CITY OF SAN ANTONIO CITY COUNCIL PUBLIC COMMENT MEETING IS CALLED TO ORDER.  MADAM 
          CLERK, PLEASE CALL THE ROLL. >> CLERK: 
          >> CLERK: MAYOR, WE HAVE QUORUM. >> MAYOR JONES: THE FIRST ITEM ON THE AGENDA IS A PUBLIC HEARING. WE WILL BEGIN THE MEETING WITH A PUBLIC HEARING AND THEN MOVE ON TO THE PUBLIC COMMENT WHICH IS THE LAST ITEM ON THE AGENDA. WRITTEN COMMENT MAY BE SUBMITTED TO THE CITY CLERK. PLAYING OF RECORDINGS IS PROHIBITED. SPEAKER WILL BE CALLED IN THE ORDER THEY SIGNED UP TO SPEAK. EACH SPEAKER WILL HAVE THREE MINUTES AND GROUPS OF THREE OR MORE INDIVIDUALS WILL BE GIVEN NINE MINUTES. 
          EACH SPEAKER WILL BE GIVEN TWO MINUTES AND GROUPS OF THREE OR MORE INDIVIDUALS WILL BE GIVEN SIX MINUTES. IF A SPEAKER WOULD LIKE TO CEDE THEIR TIME TO ANOTHER SPEAKER THEY MUST NOTIFY THE PRESIDING OFFICER PRIOR TO PRESENTING THEIR TIME. ONLY SPEAKERS ON THE LIST MAY SPEAK OR CEDE THEIR TIME. THE TIME IS NOW 5:19 P.M. 
          AND THE PUBLIC HEARING IS NOW OPEN. THE CITY CLERK WILL READ 
          THE CAPTION FOR THE PUBLIC HEARING. >> CLERK: ITEM NUMBER ONE IS A PUBLIC HEARING FOR THE FISCAL YEAR 2026 ANNUAL ACTION PLAN AND BUDGET FOR THE CITY'S FOUR U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ENTITLEMENT GRANT PRO PROGRAMS INCLUDING THE COMMUNITY DEVELOPMENT BLOCK GRANT,HOME INVESTMENT PARTNERSHIPS PROGRAM, EMERGENCY SOLUTIONS GRANT AND HOUSING OPPORTUNITY FOR PERSONS WITH AIDS 
          PROGRAM. >> MAYOR JONES: OKAY. ARE THERE ANY MEMBERS OF 
          THE PUBLIC HERE TO SPEAK ON ITEM 1? >> CLERK: WE HAVE 17 
          PEOPLE SIGNED UP TO SPEAK ON ITEM 1. >> MAYOR JONES: OKAY. 
          ALEXANDRA RODRIGUEZ FOLLOWED BY JEANETTE RICO. PLEASE KEEP YOUR COMMENTS 
          TO HUD. >> MAYOR JONES: IF YOU'RE HERE TO SPEAK ON THE HUD ITEM, WOULD YOU PLEASE RAISE YOUR HAND? ALEXANDRIA RODRIGUEZ. 
          IS THAT YOU? >> I MADE A POLICE TAKE AND AM SUPPOSED TO SIGNP FOR THE NEXT ONE, AND I'M CONCEDING MY TIME FOR THAT. 
          >> MAYOR JONES: JEANETTE RECO? AND THIS IS ON HUD, 
          MA'AM? . >> 
          >> MAYOR JONES: ALL RIGHT. SO YOU'LL BE FOR PUBLIC COMMENT. ANITA KEGLY. 
          [04:20:07]
HERE FOR THE PUBLIC HEARING, PLEASE COME TO THE PODIUM. 
          >> SHE CALLED MY NAME. I'M HERE FOR [INDISCERNIBLE] NOT FOR 
          HUD. >> MICHAEL TAYLOR HERE. >> WE'LL SWITCH YOU 
          OVER. >> DOWN THE LIST OF FOLKS THAT ARE HERE. ANITA KEGLY? ANITA KEGLY ARE YOU HERE FOR HUD, MA'AM? OKAY. 
          JASMIN HERRERA? YOU'RE FOR THE OTHER THING. 
          GOT IT. JUAN ATALANO? MICHAEL TAYLOR FOR HUD? 
          TWO MINUTES, PLEASE. >> YOUR GROUP OF THREE, SO YOU'VE GOT SIX MINUTES, MADELINE MENDEZ AND STEPHANIE WISE, OKAY. 
          THANK YOU. >> CORRECT. GOOD AFTERNOON, MAYOR AND COUNCILMEMBERS AND THANK YOU FOR THIS OPPORTUNITY TO SPEAK TODAY ON THE PROPOSED HUD ANNUAL ACTION PLAN. MY NAME IS MIKE TAILOR, I'M PRESIDENT AND C EO OF HABITAT FOR HUMANITY. WE VERY MUCH APPRECIATE THE WORK THAT THE TEAM HAS PUT INTO PREPARING THIS ACTION PLAN. 
          WE UNDERSTAND THAT DECIDING WHICH TYPES OF PROGRAMS ARE FUNDED IS A VERY DIFFICULT DECISION HOWEVER WE'RE VERY CONCERNED ABOUT CUTS TO GET FUNDING FOR AFFORDABLE HOME OWNERSHIP. 
          THE PROPOSED PLAN INCLUDES 2.7 MILLION YEAR OVER YEAR REDUCTION IN FUNDING FOR AFFORDABLE HOME OWNERSHIP HOUSING DEVELOPMENT. 
          WE EXPECTED THERE WOULD BE CUTS THIS YEAR, BUT WE WERE SHOCKED TO FIND OUT THAT HOME OWNERSHIP HOUSING WAS CUT 55% FROM LAST YEAR. 
          THIS IS A CATASTROPHIC REDUCTION FOR THE HABITAT PROGRAM. 
          WE FIRST EXPRESSED CONCERN AT THE FIRST ACTION PLAN PUBLIC HEARING IN JUNE. WE HAVE BEEN TOLD THESE CUTS WERE MADE BECAUSE THERE'S A FOCUS ON DEEP AFFORDABILITY.  HABITAT IS THE DEEPLY AFFORDABLE OPTION FOR FIRST-TIME HOME BUYERS. THE AVERAGE ANNUAL INCOME OF THE HABITAT HOME BUYER IS $45,000. HABITAT IS THE DIFFERENCE BETWEEN BEING STUCK IN GENERATIONAL POVERTY AND DRAMATICALLY IMPROVED HEALTH, EDUCATION AND EMPLOYMENT OUTCOMES. WE HAVE BEEN MEETING WITH HSD STAFF AND IT SOUNDS LIKE THERE MAY BE OPPORTUNITIES TO PROVIDE SOME ADDITIONAL FUNDING THIS YEAR, BUT WE THINK THERE MAY BE A FUNDAMENTAL MISUNDERSTANDING OF WHO HABITAT IS, WHO WE SERVE AND WE WANT TO  HELP CLARIFY TODAY. 
          EXCLUSIVELY FOR LAND ACQUISITION AND THE DEVELOPMENT OF PUBLIC INFRASTRUCTURE, AND THERE IS NO OTHER SOURCE OF FUNDING WE CAN TAP INTO 
          TO FUND PUBLIC INFRASTRUCTURE. >> GOOD EVENING, MY NAME IS MADELINE MENDEZ AND I'M THE ASSISTANT VICE PRESIDENT FOR HABITAT FOR HUMANITY. AS MICHAEL SAID, HABITAT IS THE DEEPLY AFFORDABLE, THE AVERAGE AMI OF THE AVERAGE HOUSEHOLD IS 55%. 
          AFFORDABLE 0 PERCENT INTEREST MORTGAGE. THE AVERAGE MONTHLY PAYMENT INCLUDING TAXES AND INSURANCE IS $900. THE HABITAT MODEL BUILDS EQUITY, FINANCIAL STABILITY AND INDEPENDENCE PERMANENTLY LIFTING FAMILIES OUT OF HOUSING INSECURITY AND GENERATIONAL POVERTY. 
          AS OUR CITY CONTINUES TO ADDRESS THE GROWING NEED FOR AFFO AFFORDABLE HOUSE, IT'S CRUCIAL TO CONTINUE INVESTING IN SOLUTIONS THAT OFFER A LONG-TERM STABILITY. HABITAT DELIVERS A PERMANENT AND SUSTAINABLE HOUSING OPTION. IT REMAINS AFFORDABLE WITHOUT REQUIRING CONTINUED PUBLIC INVESTMENT. OUR DEED RESTRICTION ENSURES IT BECOMES A LONG-TERM PIECE OF THE CITY'S AFFORDABLE HOUSING 
          STOCK. >> MY NAME'S STEPHANIE WEISS, I'M HABITAT'S CHIEF DEVELOPMENT OFFICER. THE NEED THE SAN ANTONIO IS SO GREAT. WE HAVE 38,000 RENTER HOUSEHOLDS EARNING BETWEEN 30 AND 50% AMI WHO ARE COST BURDENED LIVING IN SUBSTANDARD CONDITIONS AND SIMPLY OVERCROWDED. EVERY YEAR HABITAT STEES 4500 OF THOSE APPLICATIONS FROM THESE RENTER FAMILIES EVERY YEAR. SO THESE ARE JUST -- OUR HOMEOWNERS HAVE PRODUCED -- HABITAT HOMEOWNERS HAVE PRODUCED TWO VALEDICTORIANS IN THE LAST TWO YEARS, LANIER HIGH SCHOOL'S VAL LEK FOR RAN WILL BE THE FIRST IN 
          [04:25:04]
THEIR FAMILY TO ATTEND A FOUR-YEAR UNIVERSITY. THEY LIVED IN A CRAMPED ONE-BEDROOM APARTMENT FOR SEVERAL YEARS, 10 YEARS AGO HIS PARENTS LEARNED ABOUT HABITAT THROUGH A CHURCH. THEY HAVE LIVED FOR 10 YEARS IN THEIR AFFORDABLE FOUR-BEDROOM HOME IN SAN ANTONIO. 
          HEE'LL BE ATTENDING RICE UNIVERSITY THIS FALL ON A FULL TUITION SCHOLARSHIP. HE AND HIS FAMILY PUT IN THE WORK, THE HABITAT PROGRAM, OUR COMMUNITY OF FUNDERS AND THE CITY HELPED PROVIDE HIM A FIRM FOUNDATION. THERE IS TREMENDOUS COMMUNITY SUPPORT FOR THE HABITAT PROGRAM BECAUSE OF OUR EFFICIENCY AND OUR EFFECTIVENESS. 
          WE'VE COLLECTED 1600 SIGNATURES IN A LITTLE OVER A MONTH FROM CITIZENS WHO LIVE IN EVERY CITY COUNCIL DISTRICT AND EXPLICITLY ASK THAT CITY COUNCIL ALLOCATE 4 MILLION TO SUPPORT LAND ACQUISITION AND PUBLIC INFRASTRUCTURE DEVELOPMENT FOR THE FIRST PHASE OF APPROXIMATELY 54 HOMES IN OUR DISTRICT FOUR NEIGHBORHOOD. THESE ARE NOT JUST SIGNATURES, THEY'RE SUPPORTERS WHO WILL HELP LEVERAGE EVERY DOLLAR THE CITY PROVIDES WITH FINANCIAL DONATIONS AND VOLUNTEER LABOR. 
          $4MILLION FOR PUBLIC INFRASTRUCTURE WILL LEVERAGE 8.5 MILLION IN PRIVATE FUNDING FOR HOUSE BUILDING FOR THIS PROJECT. 
          >> IF IT IS NOT POSSIBLE FOR CITY COUNCIL TO ALLOCATE THE 4 MILLION FROM THE CITY'S '26 HUD ENTITLEMENT GRANT PROGRAM AWARD TO SUPPORT AFFORDABLE HOME OWNERSHIP PROGRAMS LIKE HABITAT FOR HUMANITY, WE ASK THAT YOU COMMIT TO SUPPLEMENTING THE 2.7 MILLION IN HUD,HOME AND CDBG FUNDS WITH AN ADDITIONAL 1.3 MILLION IN OTHER FUNDING. 
          WE'RE WILLING TO WORK WITH ANY FUNDING THAT THE CITY CAN PROVIDE, ANY SOURCE, BUT IT'S CRITICAL THAT WE HAVE THIS FUNDING BY EARLY NEXT YEAR SO THAT THERE'S NOT A DELAY IN THE INFRASTRUCTURE WORK FOR OUR NEXT PROJECT IN DISTRICT FOUR. THE CITY OF SAN ANTONIO IS AN EXCEPTIONAL PARTNER AND A CONSISTENT FUNDER FOR HABITAT FOR HUMANITY. 
          WE WANT TO THANK YOU FOR YOUR ONGOING SUPPORT AND COMMITMENT TO AFFORDABLE HOME OWNERSHIP. THANK YOU. [APPLAUSE] 
          >> MAYOR JONES: JOHN HINOJOSA FOLLOWED BY JUDITH GERWITZ. 
          SIR, ARE YOU HERE FOR HUD? >> I AM ACTUALLY HERE FOR B SESSION'S COMMENTS. I REGISTERED YESTERDAY ONLINE BEFORE MY TIME 
          STARTS. >> MAYOR JONES: OKAY. >> I GOT A CONFIRMATION TODAY AND THEN I WAS TOLD WHEN I WALKED IN THAT I WAS NOT ON THE LIST. 
          >> MAYOR JONES: YES, SIR. SIR, RIGHT NOW WE'RE DOING PUBLIC HEARING ON THE HUD ITEM, SO YOU CAN SPEAK IN JUST A LITTLE 
          BIT. >> OKAY. >> MAYOR JONES: THANK 
          YOU. >> I WOULD JUST RECOMMEND THAT YOU ALL CHECK BECAUSE THE WOMAN WHO TOLD ME I WAS NOT ON THE LIST AFTER REGISTERING 
          ONLINE SAID THEY CONTINUE TO HAVE THAT ISSUE. >> MAYOR JONES: SOUNDS LIKE YOU WERE NOT HERE WHEN WE CALLED YOUR NAME, SIR. 
          WE LOOK FORWARD TO YOUR COMMENTS DURING PUBLIC COMMENT. 
          JUDITH GERWITZ FOLLOWED BY MICHAEL BERLANGE. YOU'RE BOTH FOR B? 
          AND MICHAEL BERLANGE? >> JONATHAN MELENDEZ, JANIS FLOURS, CHARLES FLOWERS, ARE YOU HERE FOR HUD? ARE YOU HERE TO SPEAK FOR THE PUBLIC COMMENT PORTION? 
          . >> IS NOW 5:50 P.M. AND WE WILL RECONVENE THE PUBLIC COMMENT PORTION. 
          SPEENGESPEAKERS WILL HAVE ONE MINUTE. 
          [05:31:42]
PROEM. 
          [05:31:59]
. . . 
          [05:32:00]
          . >> THE ABILITY TO ONLY CALL AN ELECTION ONCE A YEAR, 
          [05:48:34]
          THERE'S NOTHING DRIVING AUGUST 21, CORRECT? >> CORRECT, THE LAST SLIDE 
          [05:48:39]
OF THE PRESENTATION, THE RECOMMENDATION, WE COME BACK LATER IN THE MONTH, WE 
          [05:48:42]
          DIDN'T SET A DATE TO THAT. >> I KNOW LAST MEETING WE HAD SEVERAL QUESTIONS FOR 
          [05:48:50]
THE SPURS , TO LAY THAT FLAT FOR THE COUNCIL HERE, IS IS THERE ANY NEW INFORMATION 
          [05:48:56]
          SINCE THAT TIME FROM THE  SPURS ? >> BEYOND WHAT THEY SHARED 
          [05:48:59]
AT THE BEGINNING OF THE MEETING, NO, I DON'T BELIEVE SO. 
          [05:49:04]
          >> ANY INFORMATION ON REVENUE SHARING OR ANY OF THAT? 
          [05:49:10]
          PLEASE. >> MAYOR, FOR THE RECORD, BOBBY PEREZ, SAN ANTONIO  
          [05:49:14]
SPURS , I WILL TAKE THE QUESTION GENERALLY AS ONE, ARE WE WILLING TO REVENUE 
          [05:49:18]
SHARE, AND I THINK THE ANSWER IS NO, FROM THE STRUCTURE THAT WE'VE BEEN 
          [05:49:22]
WORKING ON WITH THE CITY STAFF, AS YOU RECALL, THERE'S TWO OR THREE LEVELS 
          [05:49:26]
OF GUARANTEES, SO GUARANTEE LEVEL NUMBER ONE IS THE $500 MILLION PLUS COST 
          [05:49:35]
OVERRUNS PLUS ARENA OPERATIONS, SO THAT IS SPECIFICALLY AS TO THE AR REAP IN A PROPERTY. GUARANTEE 2 IS DEVELOPMENT BY 2031, WHICH BEN HAS TALKED ABOUT, CAMERON TALKED ABOUT, THAT IS 500 -- APPROXIMATELY 500 MILLION BY 2031, GUARANTEE 3 IS BALANCE OF THAT DEVELOPMENT WHICH TOTALS 1.4 BILLION. 
          SO THOSE CASH FLOWS AND THOSE REVENUE STREAMS ARE NECESSARY TO OPERATE. 
          [05:50:04]
AND GUARANTEED THAT. AND I WOULD JUST, AS A COMP, JUST THE WAY, AS YOU WORK THROUGH YOUR BUDGET, THE CITY IS RESPONSIBLE FOR PAYING FOR OPERATIONS FOR THE ALAMODOME, IN THIS FUTURE STRUCTURE, THE CITY WOULD NOT BE RESPONSIBLE FOR 
          PAYING FOR OPERATIONS OF THE NEW ARENA. >> GREAT. 
          MR. PEREZ, CAN I ASK YOU TO CLARIFY, WHEN YOU SENT THE LETTER, IS IT LAST WEEK, A WEEK AND A HALF AGO, REGARDING THE $500, I'LL CALL IT BAG OF CASH, RIGHT? AND THEN THE $500 IN GUARANTEED REVENUES, PLUS THE 60 MILLION IN THE COMMUNITY BENEFITS AGREEMENT, AT THAT POINT IN TIME, DID YOU KNOW THAT THE 
          OTHER OFFER THAT YOU HAD IN MIND WAS ALSO 1.4 BILLION? >> IS THE QUESTION DID WE KNOW THAT WE WERE ANTICIPATING ON GUARANTEEING A TOTAL OF 1.4 BILLION? 
          >> CORRECT. >> YES. >> CAN I ASK WHY THAT WAS 
          NOT PUT IN THE LETTER? >> WELL, MAYOR, QUITE FRANKLY, WE'VE BEEN HAVING DISCUSSIONS WITH YOUR STAFF, YOUR STAFF WAS FULLY AWARE OF WHAT OUR PROJECTIONS WERE, AND WE THOUGHT THE NOTE THROUGH 2031, THE DISCUSSION TO GUARANTEE THROUGH 2031, TO OPEN ARENA, DEVELOP THE 13 ACRES, AND THAT'S THE WAY THE LETTER WAS LAYED OUT, WE WILL OPENIL UP THE ARENA AT THE SAME TIME, IF WE DIDN'T INCLUDE IT, MAYBE AN OVERSIGHT ON OUR PART, BUT TODAY PUBLICLY WE'LL CONTINUE TO STATE WE'RE WILLING TO MAKE THOSE ADDITIONAL GUARANTEES, WE'RE LOOKING FORWARD TO MEMORIALIZING THAT SO WE CAN PUT IT IN FRONT OF THIS BODY, CONTINUE THE PUBLIC PRIVATE PARTNERSHIP WITH THE CITY AND THE COUNTY AND OUR COMPANY AND HAVE THE VOTERS 
          DECIDE. >> MAYOR JONES: GREAT. OKAY, THANK YOU, AND MY THANKS TO MANY FOLKS THAT ARE STILL NOT IN THE ROOM, BUT MY THANKS TO THOSE THAT TOOK THE TIME TO PROVIDE THEIR THOUGHTS ON THIS VERY IMPORTANT GENERATIONAL INVESTMENT AS MANY HAVE DESCRIBED IT TO BE, AND I THINK WE ALL CAN AGREE THAT WE'RE TRYING TO MAKE SURE THAT WE, ONE, REVITALIZE OUR DOWNTOWN AND DO RIGHT BY NOT ONLY THIS GENERATION BUT THE NEXT GENERATION. I THINK BASED ON WHAT I HAVE SEEN, THOUGH, I THINK IT WOULD BE PRUDENT AGAIN, THE VOTERS, PEOPLE OF SAN ANTONIO ARE NOT GOING TO VOTE ON THIS. THEY HAVE ENTRUSTED US TO DO THE ADEQUATE DUE DILIGENCE AND I DON'T THINK WHAT WE'VE BEEN PRESENTED WITH DOES THAT. SO I THINK WE NEED TO TAKE A STRATEGIC PAUSE ON THIS ENTIRE EFFORT, AND WE NEED TO LAY OUT NOT ONLY THE COST AND BENEFIT OF THE SPURS ARENA, BUT OF THIS ENTIRE PROJECT. I UNDERSTAND, YOU KNOW, INFORMATION HAS PREVIOUSLY BEEN SHARED WITH OTHER COUNCILS, BUT THERE'S A NEW COUNCIL AND THERE'S MUCH MORE DATA AND A LOT OF DATA THAT IS FAST-CHANGING AND DESERVES A FULL REVIEW, A FULL INDEPENDENT REVIEW, THOSE ARE MY COMMENTS AT THIS POINT. I WILL PROVIDE ADDITIONAL COMMENTS ONCE I HEAR FROM THE REST OF MY COLLEAGUES. 
          >> THANK YOU, MAYOR. GOOD EVENING, I'VE NEVER HAD TO SAY THAT BEFORE IN OUR COMMENTS, BUT THANK YOU ALL FOR BEING HERE, THOSE OF YOU THAT STILL ARE, AND OBVIOUSLY THANK YOU TO CITY STAFF, AND THE TEAM THAT'S BEEN WORKING REALLY HARD TO PUT THIS TOGETHER, I WANTED TO START OFF MY COMMENTS BY ADDRESSING JUDGE SAKAI'S YESTERDAY, AND I THOUGHT HE DID A REALLY GREAT JOB OF ACKNOWLEDGING THE PARTNERSHIP THAT THIS DEAL IS. IT'S A PARTNERSHIP BETWEEN THE CITY, THE COUNTY AND THE  SPURS , AND I REALLY BELIEVE THAT'S A GREAT WAY TO ACTUALLY FRAME THIS CONVERSATION, BECAUSE IT IS. AND TOO OFTEN, THE COMMUNITY DOESN'T SEE THE CITY AND COUNTY ASPIRATE ENTITY, THEY SEE THEIR LOCAL ELECTED LEADERS, THEIR GOVERNMENT TRYING TO WORK TOGETHER WITH OUR NBA TEAM TO BUILD SOMETHING REALLY GREAT DOWNTOWN. I WANTED TO SAY THANK YOU TO JUDGE SAKAI FOR HIS COMMENT, HE CALLED IT A DOWNTOWN AND EAST SIDE DEVELOPMENT PROJECT TOGETHER, AND I LIKE THAT PHRASING, BECAUSE WE DO REALLY WANT TO MAKE SURE BOTH PARTS OF THE AREA WHERE THE FROST BANK CENTER IS CURRENTLY INCLUDED AND AT HEMISFAIR ARE ADDRESSED EQUALLY, I APPRECIATED THAT PHRASING FROM HIM, AND LOOKING FORWARD TO CONTINUING WORKING WITH THE COUNTY AS WE MOVE THIS FORWARD. YOU KNOW, INTERESTING PART OF THE SURVEY, 80% OF SURVEY PEOPLE SAID PEOPLE THAT WERE SURVEYED SAID THE SPURS ARE VERY IMPORTANT TO THE CULTURE OF OUR CITY. I'M LIKE, WOW, THAT IS A REALLY HIGH NPS SCORE, I WONDER WHAT OUR SCORE WOULD BE IF WE SURVEYED RESIDENTS, ALL OF THAT TO SAY I THINK THAT IS AN ASSET THAT SHOWS EXACTLY WHAT THE SPURS HAVE DONE AND WE HEARD FROM A LOT OF THE FOLKS THAT SPOKE TODAY TOO FOR OUR COMMUNITY, SO STARTING THE COMMUNITY, FIRST PRESENTATION WE GOT, I WANT TO THANK ABLE CITY FOR THE WORK THAT YOU ALL DID. 
          I THINK WE LEARNED A LOT ON THIS, I KNOW THIS IS NOT AN IDEAL ENGAGEMENT SESSION THAT WE WOULD HAVE CREATED IF WE HAD STARTED AWHILE AGO. 
          WE HAD A TIME FRAME WE WERE WORKING WITHIN, SO I WANTED TO SAY THANK YOU FOR EVERYTHING THAT YOU DID IN PUTTING THAT TOGETHER. I THINK ONE OF THE LESSONS THAT AT LEAST IN OUR SESSIONS WHERE WE HAD AMAZING TURNOUT, WE HAD OVER 
          [05:55:04]
300 PEOPLE. I THINK IT WAS ONE OF THE HIGHEST THAT CAME TO ALL -- THE SAME PRESENTATION AT THE BEGINNING OF EACH FOCUS GROUP AND IT TOOK OUT A LOT OF CONVERSATION TIME. IF WE WERE TO REDO THAT, I SHOULD SHIFT IT SAY THIS IS ONE MAJOR -- START WITH A FORUM AND DO THE FOCUS GROUPS AFTERWARDS SO THAT FOLKS THAT REALLY CARED ABOUT HOUSING COULD COME. BUT, AGAIN, WE -- THAT WAS A PHASE I OF COMMUNITY ENGAGEMENT, WHICH I THINK WE ALWAYS SAID, IT WAS SUPPOSED TO BE PHASE I, AND THERE'S STILL A LOT OF WORK TO DO ON COMMUNITY ENGAGEMENT. 
          TWO THINGS THAT I TOOK AWAY REALLY FROM THE DISTRICT ONE FORUMS, ONE, IS WE HAVE TO CONTINUE TO HAVE A LASER FOCUS ON HOUSING, PEOPLE ARE REALLY CONCERNED ABOUT THEIR ABILITY TO LIVE A AFFORDABLY, ESPECIALLY WORKFORCE HOUSING AROUND THIS AREA. WE NEED TO MAKE SURE THAT PEOPLE AREN'T PUSHED OUT OF IN AND AROUND THE AREA, SOME PARTS OF DISTRICT 1 SOUTH OF IT ARE ALREADY GENTRIFIED, HOW DO WE MAKE SURE WE KEEP THAT AFFORDABLE HOUSING RIGHT SOUTH OF CESAR CHAVEZ WHERE WE HAVE THREE OPPORTUNITY HOSING AREAS FOR MULTI-FAMILY, WE HAVE TO ASSURE WE DON'T ALLOW THOSE TO GO AWAY, CONTINUING TO BUILD MORE HAS TO BE IMPORTANT AS WE MOVE THIS FORWARD, AND PARTICULARLY, THE TO THE EAST OF THE PARK WHERE WE'VE ACTUALLY LAID OUT AS POTENTIAL MULTI-FAMILY, I THINK WE NEED TO START PURSUING THAT AS IMMEDIATELY AS WE CAN, SO IT DOESN'T FEEL LIKE IT COMES FIVE YEARS AFTER REBUILD, THE SECOND THING THAT I HEARD REALLY CLEARLY WAS TRANSPORTATION, PEOPLE REALLY -- VIA FOLKS ARE HERE, MAN, THEY GOT A LOT OF LOVE FOR PUBLIC, YEAH, PUBLIC TRANSPORTATION CAME UP REALLY HIGH ON SOME OF THE SURVEYS, WANTING BETTER ACCESS TO PUBLIC TRANSIT WAS REALLY, YOU KNOW, IT'S WHY THE GREEN LINE PASS FROM THE VOTERS BECAUSE FOLKS WANT TO BE ABLE TO USE PUBLIC TRANSIT, AND THAT GREEN LINE AND HOPEFULLY THE SILVER LINE WHEN FULLY FUNDED IS GOING TO BE REALLY KEY TO GET PEOPLE THERE AND OUT. CONTINUING TO TEST LAST MILE TRANSPORTATION AND JUST MORE PUBLIC TRANSIT AROUND THE AREA BEFORE WE EVEN GET TO A FULLY BUILT SPACE IF THAT HAPPENS IS REALLY IMPORTANT, SO PUBLIC TRANSIT HAS GOT TO BE CONTINUING TO BE FUNDED AND CONTINUING TO BE SUPPORTED, WHICH I WAS GRATEFUL TO SEE. THE OTHER THING THAT WAS INTERESTING FOR ME FROM THE SURVEY RESULTS WERE THE ECONOMIC AND WORKFORCE DEVELOPMENT PIECE. 
          THE POLL WHERE IT SAID YOU COULD SPEND A MILLION DOLLARS WHAT WOULD IT BE, 20% OF THE RESPONDENTS SAID THEY WOULD SPEND IT ON ECONOMIC AND WORKFORCE DEVELOPMENT. THE THING I DIDN'T REALIZE ABOUT THE ECONOMICS BENEFITS ANALYSIS, THE PERSONAL INCOME, OH, IS THAT THE PERSONAL INCOME OF WHAT THE BUILDING OWNERS ARE GOING TO MAKE? ACTUALLY NOT, IT'S THE PERSONAL INCOME OF WHAT THE WORKERS WOULD MAKE, AND THAT WAS A CLARITY THAT I DIDN'T QUITE UNDERSTAND ON THE FIRST TIME, SO WAS EXCITED TO SEE THAT THAT WAS IMPORTANT. AND THEN LASTLY, THE THING I REALLY TOOK AWAY WAS THAT WHILE IN THE DISTRICT ONE SURVEY SPECIFICALLY, WE HAD THE HIGHEST NUMBER OF PEOPLE SAYING YES TO PUBLIC FUNDS, THERE WAS 25% OF PEOPLE THAT STILL SAID WE DON'T KNOW ENOUGH ABOUT THIS, WHAT THAT MAKES ME THINK IS THAT WE NEED TO DO MORE, WE NEED TO HAVE MORE CONVERSATIONS BECAUSE THE FINANCING ON THIS IS COMPLICATED. 
          THERE'S A GREAT BLOG IF YOU'RE FOLLOWING IT, I'M GOING TO GIVE THEM A SHOUTOUT, IT'S VOICE OF SAN ANTONIO, AND HE'S BEEN DOING A LOT OF SERIES ON ALL OF THE COMPONENTS OF THE SPORTS ENTERTAINMENT DISTRICT. IT'S NOT ONE PROJECT. 
          IT'S MANY, I THINK SPLITTING THEM ALL UP AND HAVING A CONVERSATION ABOUT EACH OF THEM IS SUPER IMPORTANT. I ENCOURAGE YOU ALL TO FOLLOW, IT'S WRITTEN BY LORENZO GOMEZ, HE PUT ON AN ARTICLE TODAY ABOUT HOW THEY'RE ALL DIFFERENT. 
          THE THING I WANTED TO MENTION ABOUT THAT, WE DON'T HAVE TO -- RESIDENTS AREN'T VOTING ON THIS TODAY. WHAT WE ARE HAVING A CONVERSATION ABOUT TODAY IS WHETHER WE HAVE ENOUGH INFORMATION ON THE FINANCING OF THIS DEAL TO MAKE SURE IT'S PRUDENT TO MOVE IT FORWARD TO A TERM SHEET. AND SO THAT'S WHAT I REALLY WANTED TO FOCUS ON IS THE FINANCING OF THE DEAL AND WHAT I'VE EVEN CONTINUED TO LEARN AS IS REALLY GREAT. I THINK THE VOTERS ARE GOING TO GET A CHOICE TO VOTE ON IT, BECAUSE THEY'RE GOING TO HAVE TO VOTE ON THE VENUE TAX, WITHOUT THE VENUE TAX, THIS THING DOESN'T REALLY WORK, WE NEED THEM TO VOTE IN NOVEMBER TO ACTUALLY MAKE THIS DEAL GO THROUGH, THEY WILL HAVE A CHANCE TO VOTE, AND THAT'S WHAT WE HAVE TO DISCUSS IS VOTERS ARE GOING TO GET TO VOTE, ARE WE COMFORTABLE WITH OUR END OF THE DEAL TODAY? SO TRYING TO THINK ABOUT, OKAY, WHAT IS IT THAT WE'RE GETTING  FROM THIS DEAL? FIRST OF ALL, IF WE DON'T DO THIS DEAL, WHAT HAPPENS? IT -- WE WON'T AUTOMATICALLY ADDRESS OUR DEFICIT. I HEARD THAT A LOT FROM FOLKS TODAY, IT IS CONFUSING, BECAUSE WE'RE DEALING WITH THIS DEFICIT QUESTION AND WORKING ON AN ECONOMIC DEVELOPMENT DEAL. THOSE TWO THINGS WON'T AUTOMATICALLY, IF WE DO THIS DEAL OR NOT THIS DEAL, OUR DEFICIT IS STILL GOING TO EXIST, AND THAT IS ON US TO FIGURE OUT WAYS TO MAKE SURE WE'RE DOING CITY SERVICES IN AN EFFECTIVE WAY THAT WE CAN ADDRESS THAT. BUT THE OTHER THING THAT'S GOING ON IS THE HEMISFAIR TIRZ DOESN'T HAVE A LOT OF FUNDING. 
          YOU KNOW I TALK ABOUT HEMISFAIR A LOT, BECAUSE I SPEND A LOT OF TIME THERE. 
          THEY'VE HAD A HARD TIME RECRUITING NEW RESTAURANTS TO COME IN AND REDO SOME OF THOSE OLD BUILDINGS, THERE'S NOT A LOT OF FUNDS THERE RIGHT NOW, SO WE WON'T BE 
          [06:00:03]
ABLE TO GENERATE MORE FUNDING FOR THE HEMISFAIR TIRZ TO GROW, SO THIS IS A GREAT OPPORTUNITY THAT WE HAVE TO HAVE OTHER LOCAL PLACES COME IN. 
          I DON'T KNOW IF ANYBODY HAS BEEN TO DASHI, IT'S AN AMAZING FUSION RESTAURANT, HE'S BEEN TRYING TO OPEN AT HEMISFAIR, THE NUMBERS DON'T WORK, WE DON'T HAVE ENOUGH FUNDING TO ACTUALLY HELP HER OPEN THAT RESTAURANT. THAT IS AN EXAMPLE OF SOMETHING THAT COULD COME OUT OF THIS IF THE MIXED USE DEVELOPMENT WERE TO COME TO FRUITION, SO GOING INTO WHAT THE MIXED USE DEVELOPMENT IS ACTUALLY GOING TO BE. 
          I EVEN LEARNED SOMETHING NEW TODAY, I THOUGHT IT WAS ONLY A $500 MILLION GUARANTEE, I WAS LIKE, WOW, I'M VERY PLEASANTLY SURPRISED THAT IT'S ACTUALLY 1.4 BILLION WHICH IS A LOT BIGGER THAN WE EVEN THOUGHT. BUT EVEN JUST ON THAT MIXED USE DEVELOPMENT, IN WHAT THE CSL FOLKS SHARED, THAT WE'RE GOING TO GET $351 MILLION OF SALES AND HOT TAX REVENUE OFF OF THAT, AND I DON'T KNOW IF JOHN IS HERE, THAT HOT TAX REVENUE GOES TO THE ARTS. THAT HOT TAX REVENUE GOES TO SUPPORTING OUR MUSEUMS, OUR INSTITUTIONAL ARTS THAT ARE ACTUALLY IMPORTANT IN ACTUALLY ADDRESSING OUR COMMUNITY'S NEEDS THERE, AND THEN THE SALES TAX REVENUE COMES BACK TO US, SO I THINK THAT'S ONE WAY THAT WE'RE GOING TOBY BENEFITING FROM THE MIXED USE DEVELOPMENT PIECE. AND THEN ON TOP OF THAT, I WAS TALKING TO SENATOR JOSE MENENDEZ THIS LAST WEEKEND, Y'ALL KNOW WHAT'S DOING ON OVER THERE AT THE STATE, BUT HIM AND HIS COLLEAGUES THE DEMOCRATIC PARTY WORKED SO HARD TO ACTUALLY PASS THE PROJECT FINANCE ZONE FOR US, FOR US CITIES TO BE ABLE TO CAPTURE A PORTION OF THAT STATE DOLLARS TO REINVEST BACK RIGHT NEXT TO OUR CONVENTION CENTER, BECAUSE IT AFFECTS OUR COMMUNITY AND IT ALSO HELPS THE STATE. 
          HE WORKED REALLY HARD, HE SAID THE WHOLE PURPOSE OF THE PFC WAS TO BE ABLE TO DEVELOP AROUND OUR CONVENTION CENTER, SO I WANTED TO SHARE THAT MESSAGE FROM HIM. I HAVE SOME QUESTIONS FOR Y'ALL, JUST UPON THE ECONOMIC IMPACT ANALYSIS I KNOW THERE'S A LOT OF QUESTIONS, I ONLY HAVE A MINUTE, BUT IF I CAN JUST ASK A COUPLE OF QUESTIONS, THEN I WILL LET THEM ANSWER, I'LL BUZZ BACK IN TO FINISH MY COMMENTS  ON THE SECOND TIME. 
          I JUST WANTED TO ASK YOU, SO A LOT OF QUESTIONS CAME UP TODAY ABOUT AN INDEPENDENT ANALYSIS. SO DID CITY STAFF DIRECT YOU IN WHAT THEY WANTED TO BE ABLE TO SEE? DID THEY SAY LIKE WE WANT TO MAKE SURE THE CONVENTION CENTER HAS THE, YOU KNOW, THE HIGHEST BENEFIT, WERE YOU DIRECTED IN A CERTAIN 
          WAY? >> NO. >> SO WHY WOULD SOMEONE 
          THINK YOU'RE NOT AN INDEPENDENT ANALYSIS? >> I DON'T KNOW. 
          WE DO ASK THEM FOR DATA ON THEIR EVENTS AND THE RAW DATA AND WE TAKE THAT AND CREATE THE MODELS. I DON'T KNOW WHY THEY WOULD SAY THAT. 
          >> CAN YOU GIVE US SOME EXAMPLES OF OTHER CITIES THAT YOU'VE WORKED IN? DO YOU HAVE EXAMPLES OF OTHER CITIES THAT YOU'VE WORKED IN, YOU TRACK HOW THE ACTUAL RESULTS GO, AND IT'S ALIGNED TO WHAT YOUR ECONOMIC BENEFIT SAYS? 
          >> WELL, I CAN TELL YOU, ONE, SAN ANTONIO. WE ACTUALLY DID THE STUDY FOR THE LAST EXPANSION, MEASURING NONLOCAL ATTENDEE DAYS, AND PRIOR TO COVID, THE THREE YEARS PRIOR, YOU WERE ACTUALLY ABOVE OUR PROJECTIONS, SO WE DO TRACK THEM IN MANY, MANY CASE, NOT ALL CASES, AND WE'RE USUALLY VERY CLOSE. 
          IN THIS PARTICULAR CASE, WE WERE ACTUALLY A LITTLE CONSERVATIVE. 
          >> KAUR:  IS THERE ANY OTHER BENEFIT TO A COST, I HEARD THE TERM A COUPLE OF TIMES FROM SOME PEOPLE, CONFIDENT BENEFIT ANALYSIS, JUST DOING THE ECONOMIC OUTPUT AND I 
          GUESS KIND OF WHAT WE RECEIVED FROM -- >> I'M SORRY. 
          ALL THE INFORMATION IS IN THE REPORT, AND YOU'LL SEE THE DETAILS AND THE EVENT ASSUMPTIONS, THE ATTENDEE ASSUMPTIONS AT THE END OF THE FEASIBILITY STUDIES THAT WE'LL BE DELIVERING PROBABLY NEXT WEEK. WHEN YOU LOOK AT A COST FOR THE CONVENTION CENTER, $750 MILLION, YOU LOOK AT THE TAX REVENUES GENERATED FOR THE CITY, THEY DON'T AMORTIZE, AND THEY NEVER DO. THERE ARE VERY FEW -- NO CITIES WHERE I KNOW OF WHERE THE INCREMENTAL TAX REVENUES TO YOU WILL COVER THE COST FOR THE CONVENTION CENTER. THE MODEL WE TALKED ABOUT EARLIER IS IN SOME RESPECTS THE VISITOR INDUSTRY, THE HOSPITALITY INDUSTRY, THE HOTELS, THROUGH THE PFC AND THROUGH THE HOT TAX, THAT'S THE SOURCE OF REVENUE THAT FUNDS THE $750 MILLION CONVENTION CENTER. SO IN A SENSE, THE VISITORS ARE PAYING FOR THAT, WHAT ARE YOU GETTING?  YOU'RE GETTING THE TAX REVENUE WE LAYED IN THERE, THE JOBS, THE EARNINGS, THE ECONOMIC IMPACT. YOU'RE GETTING ALL THAT FOR A PROJECT THAT'S FULLY PAID FOR BY THE VISITORS. AND THEN WE TALKED ABOUT THAT RATIO, THAT DIRECT SPENDING PER 750, IT'S LESS A RETURN ON INVESTMENT FOR A PUBLIC SECTOR, IT'S MORE OF A IMPACT METRIC. HOW MUCH ECONOMIC IMPACT DO 
          [06:05:01]
          WE GET FOR THE DOLLARS WE'RE SPENDING. >> OKAY, THANK YOU SO MUCH. 
          THANK YOU, MAYOR. >> MAYOR JONES: WHAT DOES CSL STAND FOR. 
          >> CONVENTION, SPORTS AND LEISURE. >> MAYOR JONES: OKAY. 
          DO YOU THINK THAT MIGHT BE WHY SOMEBODY THINKS YOU'RE BIASED IN HOW YOU WRITE YOUR 
          ROBERTS. >> I'VE BEEN DOING THIS, GOD, MY 38TH ANNIVERSARY WAS LAST JULY, I WAS DOING THIS, I WAS INTRODUCED AT A PRESENTATION INDUSTRY FORUM AWHILE AGO, I TRIED TO TELL THEM IT'S A MISPRINT, I'M ACTUALLY 38 YEARS OLD. 
          NOBODY BELIEVED THIS. BUT WE'VE BEEN DOING THIS FOR DECADES AND DECADES AND 
          DECADES. >> TO THE EXTENT IT MAY INFORM SOME OF MY COLLEAGUE'S COMMENTS, SOME OF THE FEEDBACK DURING THE PUBLIC COMMENT WAS CRITICAL LACK OF UNDERSTANDING IN TERMS OF WHERE YOUR DATA CAME FROM? CAN YOU SPEAK TO ANY OF THAT AND WHY THEIR ANALYSIS MAY BE DIFFERENT THAN YOUR OWN IN TERMS OF THE RATE OF RETURN ON THESE INVESTMENTS, THE PUBLIC DOLLARS? 
          >> YEAH, I'M NOT FAMILIAR WITH THEIR RATE OF RETURN OR THEIR PARTICULAR METRICS, I DID PICK UP ON THE NOTION OF CAN WE SEE AS YOU MENTIONED EARLIER, CAN WE SEE THE ASSUMPTIONS BEHIND MUCH 0 THIS? AND IN THE FEASIBILITY STUDIES FOR EACH OF THE THREE PROJECTS, WE HAVE PRESENTED THEM TO PREVIOUS COUNCILS, YOU'VE NOT HAD THE BENEFIT OF THOSE. IN THOSE STUDIES YOU WILL SEE ALL OF THE ASSUMPTIONS THAT LEAD TO THE ECONOMIC IMPACT THAT -- IN THE REPORTS YOU WERE GIVEN MOST RECENTLY, AND I AM SENSITIVE TO THAT, I DON'T DISAGREE THOSE ASSUMPTIONS SHOULD BE OUT THERE, AND WE'LL MAKE SURE THAT HAPPENS. 
          >> MAYOR JONES: COUNCILMAN VIAGRAN. >> VIAGRAN:? THANK YOU, MAYOR. THANK YOU, I WANT TO THANK THE PRESENTERS FOR ALL THE INFORMATION, THE SPEAKERS THAT CAME PREPARED, AND I DO WANT TO ENTER TWO LETTERS INTO THE RECORD, FOR SUPPORT, ONE FROM SOUTH TEXAS BUSINESS PARTNERSHIP, ONE FROM THE HOTEL LODGING ASSOCIATION, YOU CAN GO SIT DOWN, I DON'T HAVE ANY QUESTIONS FOR YOU RIGHT NOW. WHILE I DO BELIEVE THIS PROCESS NEEDS PUBLIC SESSION, IT NEEDS EXECUTIVE SESSIONS TOO, AND I DO WANT TO THANK MY COUNCIL COLLEAGUE FROM DISTRICT 1, COUNCILWOMAN KAUR FOR HER OP ED THAT SHE SHARED, BECAUSE I FELT LIKE IT SUMMED TOGETHER WHAT WE ARE WORKING ON AND WHAT WE HAVE BEEN WORKING ON SINCE THE LAST TERM. YOU KNOW, I HAVE DONE THIS FOR OVER 4 YEARS, AND YOU CAN LOOK AT DISTRICT 3, AND IT IS A PROVEN DISTRICT OF GROWTH AND DEVELOPMENT, AND BRINGING INDUSTRIES, AND IF I THOUGHT WE COULD BRING A TOYOTA OR A JCB, OR CUISINE SOLUTIONS DOWNTOWN TO GET JOBS, I WOULD BRING THAT. 
          BUT THIS IS NOT WHERE WE ARE. AND I BELIEVE IN THE TRAVEL AND TOURISM AND SERVICE AND HOSPITALITY INDUSTRY. AND THIS MAY BE A CASE WHERE THE COUNCIL JUST AGREES TO DISAGREE, BECAUSE I CANNOT CHANGE YOUR MIND IF YOU -- IF YOU DO NOT APPRECIATE THESE JOBS OR YOU DO NOT BELIEVE THAT THERE'S GROWTH IN THESE JOBS. BECAUSE THERE IS. AND I USED TO TELL THE STORY BEFORE THE PANDEMIC, YOU KNOW, OTHER GROUPS ARE GOING TO FAIL, BUT THE HOSPITALITY INDUSTRY, OUR TOURISM INDUSTRY, THE FACT THAT WE ARE A WORLD HERITAGE SITE IS GOING TO BE THERE, AND THIS WILL CONTINUE. AND THEN JOKE'S ON ME, THE PANDEMIC HAPPENS, AND I LOSE MY JOB, BUT WE ARE BACK, SAN ANTONIO IS BACK, OUR TRAVEL AND TOURISM INDUSTRY IS BACK. OUR CONVENTION CENTER IS BACK. AND WE HAVE PROVEN AGAIN AND AGAIN, WHICH I CONTINUE TO SAY, THAT WE CAN SUSTAIN A MARKET. I BELIEVE WE CAN SUSTAIN MINOR LEAGUE BASEBALL TEAM, WHY WE MOVED FORWARD WITH THE MISSION, AND A WORLD CLASS NBA TEAM WHICH WE HAVE IN THE SAN ANTONIO SPURS . SO HERE WE ARE AND THE MATERIAL PROVIDED BY THE PRESENTERS JUST CONFIRMED WHAT I HAD BEEN SHARING I THINK WELL WHEN WE STARTED THESE CONFERENCES -- CONVERSATIONS IS THAT GROWTH PAYS FOR GROWTH. NOW, WE CAN WORK ALONGSIDE THE COUNTY AND MAKE SURE THAT WE HAVE A THRIVING DOWNTOWN, THAT WE CAN PROGRAM AND WORK WITH OUR COMMUNITY STAKEHOLDERS THAT ARE WILLING TO LISTEN, AND MAKE SURE THAT IT BECOMES A PLACE FOR THE COMMUNITY ALSO. WE CAN DO THAT. 
          BUT IF YOU DON'T TRUST THE  SPURS OR NBA OR CONVINCES, THAT'S JUST NOT GOING TO CHANGE, YOU JUST DON'T TRUST THEM. SO WHAT I AM SAYING HERE AND WHAT I WANT TO BE PERFECTLY CLEAR WITH YOU RIGHT NOW, ERIK, IS IT IS TIME FOR THE CITY TO MOVE FORWARD WITH A LETTER OF UNDERSTANDING AND WORK ON A FORM TO TAKE THIS TO CITY COUNCIL FOR A VOTE ON AUGUST 21ST, BECAUSE I AM NOT GOING INTO THIS BUDGET SESSION WITH THIS HANGING OVER OUR HEAD WHEN IT IS CLEAR THAT WE HAVE A DIRECTION FORWARD. PEOPLE WANT TO TALK ABOUT HEMISFAIR, LET'S TALK ABOUT 
          [06:10:01]
HEMISFAIR. 1968, THIS CITY WAS NOT INVESTING IN ANYTHING. 
          THIS WAS NOT ABOUT EQUALITY FOR PEOPLE. THIS WAS ABOUT GETTING OUR BUSINESS COMMUNITY OUT OF THEIR HEADS AND INVESTING INTO THE CITY. 
          WOMEN COULDN'T EVEN GET CREDIT CARDS BACK IN 1968. SO THAT'S AN UNFAIR COMPARISON. YOU WANT TO TALK ABOUT THE ALAMODOME? LET'S TALK ABOUT THAT. WE THOUGHT IN THE EARLY '90S, WE WERE GOING TO GET A FRANCHISE TEAM FROM THE NFL. WE WERE -- WE THOUGHT IF YOU BUILD IT, THEY WILL COME. LITTLE DID WE KNOW THAT UP IN THE NORTH THEY WERE NEVER GOING TO LET US HAVE A REGIONAL FOOTBALL TEAM. FROST, THAT'S THE COUNTY STATE, LET'S GO ON TO TODAY. I'M GOING TO TELL YOU TODAY, YOU HAVE A COUNCIL THAT WORKS VERY HARD. YOU HAVE A COUNCIL THAT IS PROVE THAN THEY CAN WORK WITH THE BUSINESS COMMUNITY WHILE GROWING THEIR CULTURE AND COMMUNITY, AND I NEED YOU TO TRUST IN THIS COUNCIL AND THE LEADERSHIP THAT YOU HAVE HERE AS WE MOVE FORWARD. WE WILL -- I WANT -- I WOULD TAKE THIS TOMORROW IF I COULD, ERIK. AND I WOULD TAKE IT ON THE 14TH, BUT I'M BEING TOLD THE 21ST IS THE DAY, BECAUSE WE NEED TO MOVE THIS FORWARD. 
          THE COUNTY HAS ALREADY STEPPED UP AND THEY'RE SAYING LET'S TAKE IT TO THE VOTERS. SO THE CONVERSATION EVERYBODY NEEDS TO HAVE WHEN WE ARE GOING TO AGREE TO DISAGREE IS OUT WITH THE VOTERS IN THE PUBLIC. 
          BUT RIGHT NOW WHAT WE NEED TO DO IS WE NEED TO SAY ARE WE IN SUPPORT OF THIS NOW, BECAUSE I CAN'T GO AND ASK THE SPURS AND THE BUSINESSES THAT ARE GOING TO COME IN BECAUSE I KNOW THEY'RE COMING. BECAUSE I'VE TRAVELED TO THE RGB. BECAUSE I'VE TRAVELED T TO MONTERREY. 
          BECAUSE I'VE TRAVELED TO KANSAS CITY. AND EVERYBODY WANTS IT IN SAN ANTONIO. SO THE MINUTE THIS CITY OF SAN ANTONIO SAYS THEY'RE IN, IT'S GOING TO COME. BUT I CAN'T NEGOTIATE IF WE ARE NOT SERIOUS AND WE DON'T HAVE A LETTER OF UNDERSTANDING AND WE DON'T HAVE THE GOOD INTENTION THAT WE WANT TO MOVE FORWARD WITH THIS. THE SPURS ARE OFFERING TO -- WHAT THEY HAVE PUT FORWARD IS EXCELLENT BECAUSE THEY ARE GOING TO DO THE MAINTENANCE OF THE BUILDING. I DON'T WANT TO MAINTAIN A BUILDING LIKE WE HAVE TO DO AT THE ALAMODOME. I DON'T WANT TO BE PART OWNER OF THE SPURS AND HAVE TO WORRY ABOUT TRADE. THAT'S RC'S JOB, NOT MINE. I WANT US TO BE THE LANDLORD AND THE LOOK AT THE INVESTMENT AND THE DEVELOPMENT IS GOING TO COME WITH THE CONVENTIONEERS THAT COME IN AND THE GROUPS THAT COME IN, AND WHAT WE DO WITH THAT LAND BRIDGE. THAT IS WHERE THE BUSINESS AND THE GROWTH IS GOING TO COME. AND IF YOU BELIEVE THAT WE ARE NOT GOING TO ADVOCATE FOR SMALL BUSINESSES, HAVE YOU NOT SEEN WHAT WE'VE DONE IN THE AIRPORT? IF YOU BELIEVE THAT WE HAVEN'T GO -- AREN'T GOING TO DO HOUSING, I NEED YOU TO LOOK AT WHAT WE'RE DOING IN THE SAN ANTONIO HOUSING TRUST AND WHAT WE'RE DOING WITH THE ROBERT E. LEE, WE'RE WORKING HARD, WE CAN DO THIS AT THE SAME TIME, BUT WE NEED TO STOP HAVING THE CONVERSATION ABOUT WHETHER OR NOT WE'RE GOING TO DO THIS, WE NEED TO DECIDE WE'RE GOING TO DO THIS AND WE NEED TO SEE IN NOVEMBER WHAT HAPPENS. I WOULD LOVE IF WE COULD MOVE FORWARD IN NOVEMBER WITH AN INFRASTRUCTURE BOND THAT ADDRESSES SOME OF THE MOST IMMEDIATE NEEDS IN AND AROUND HEMISFAIR, AND ALSO DEALS WITH OUR HOUSING, BUT I DON'T KNOW THAT WE CAN GET THAT DONE BECAUSE THAT'S A LOT OF WORK FOR CITY STAFF, BUT THE AMOUNT OF TIME THAT WE ARE SPENDING ON THIS CITY STAFF WHEN I FEEL THAT THERE ARE CLEAR ANSWERS OUT THERE, IT JUST NEEDS TO STOP. IT NEEDS TO STOP. AND ANY QUESTION ABOUT CAN SAN ANTONIO SUSTAIN THESE MULTIPLE VENUES, LIKE TECH PORT, THE -- THE FROST BANK CENTER, A NEW ARENA, THERE ARE PLENTY OF CONCERTS, SHOWS AND TORN. 
          S OUT -- TOURNAMENTS OUT THERE, IF WE HAVE THE RIGHT PROGRAMMING, WE START HIRING THE RIGHT PEOPLE, I THINK YOU'VE SEEN A LOT OF PASSION IN PEOPLE TODAY, WE CAN GET THOSE GROUPS HERE. AND I KNOW WE ARE FACING A FINANCIAL CRISIS. 
          BUT WHEN IT COMES DOWN TO IT, PEOPLE ARE STILL SPENDING CONCERTS, AND -- AND SPORTS GAMES AND THINGS LIKE THAT. AND THERE ARE A LOT OF NEEDS THAT WE HAVE CONTINUED TO ADDRESS FROM THIS COUNCIL SINCE BEFORE I GOT HERE, WHEN WE DECIDED TO HAVE AN EQUITY LENS. SO I -- I AM -- I AM APPRECIATIVE OF THESE EFFORTS. I UNDERSTAND THAT WE NEED TO, BUT I DON'T THINK THIS NEEDS TO SLOW DOWN AT ALL, THE HEMISFAIR TIRZ HAS LITTLE TO NO MONEY. AND IT'S NOT GOING TO. AND IF I THOUGHT I COULD BRING NOTHING BUT TECH JOBS AND I HAD THE WORKFORCE TO FILL DOWNTOWN, WE WOULD DO IT, BUT THAT'S NOT WHAT PEOPLE WANT. THEY WANT TO BE OUT IN DISTRICT 3. THEY WANT TO BE OUT IN DISTRICT 4. 
          IT'S INDUSTRIAL -- THAT'S JUST WHERE WE WORK RIGHT NOW. 
          [06:15:02]
SO I -- I TRUST THE SPURS . I KNOW THE HOLTZ, THEY WANT TO BE HERE, AND THEY'RE THE MAJORITY OWNERS, SO I'M READY TO TELL YOU, ERIK, MOVE WITH THE LAWYERS AND CONTINUE TO GET THIS DONE AND BRING IT TO US FOR A VOTE, AND THOSE WHO WANT TO VOTE NO, VOTE NO, BUT THIS IS WHERE WE NEED TO GO. THANK YOU. 
          >> MAYOR MUNS: COUNCILWOMAN SPEARS? >> SPEARS:  THANK YOU, MAYOR, GOOD EVENING, EVERYONE. I WANT TO START BY THINKING THE CITY STAFF AND CSL INTERNATIONAL FOR THEIR WORK AND PUTTING TOGETHER THIS INFORMATION, MAYOR, I WOULD LIKE TO START BY SAYING I SUPPORT MOVING FORWARD WITH CURRENT FINANCING FRAMEWORK AS PRESENTED BY CITY STAFF, AND I AM ASKING CITY STAFF TO FINALIZE THE LETTER OF INTENT FOR THE COUNCIL ACTION ON AUGUST 21ST. 
          BUT I SAY ALL THIS BECAUSE AS WE CONTINUE WITH OUR DISCUSSIONS, I WANT TO BE CLEAR ABOUT WHAT WE'RE HERE TO DO. WE'RE NOT HERE TO RUBBER STAMP A DEAL, AND WE'RE ALSO NOT HERE TO STAND IN THE WAY OF PROGRESS. 
          WE ARE HERE TO ASK THE RIGHT QUESTIONS AND WE'RE HERE TO MAKE SURE OUR RESIDENTS ARE INFORMED, AND MAYOR, I ALSO LOVE YOUR POINT THAT WE NEED TO CONTINUE DISCUSSIONS WITH OUR COMMUNITY, AND I THINK IT'S KEY, AND I REALLY APPRECIATE YOU HIGHLIGHTING THIS. I THINK WE CAN DO BOTH. I THINK WE CAN CONTINUE TO WORK THROUGH THIS FRAMEWORK AND WE CAN CONTINUE TO ENGAGE WITH THE COMMUNITY. 
          IN THE DISTRICT 9 COMMUNITY FORUM, WE HAD THREE MAJOR THEMES EMERGE AND THAT WAS TRANSPARENCY, BALANCED INVESTMENT AND ON GOING COMMUNICATION. 
          AND SO THROUGHOUT THE LISTENING SESSIONS AND SURVEYS, RESIDENTS ARE ALL SAYING THEY WANT REAL COMMITMENTS THAT BENEFIT OUR NEIGHBORHOODS. 
          AND THAT SAFETY AND PARKING DOWNTOWN ARE SERIOUS CONCERNS, AND THAT THEY WANT TO FEEL AS IF DOWNTOWN IS FOR ALL OF US, THE LOCALS, FOR EVERYONE. 
          SO ONE OF THE MOST IMPORTANT TOOLS WE'RE EXPLORING RIGHT NOW IS THIS COMMUNITY BENEFITS AGREEMENT, WHICH DOES ENSURE THAT OUR PARTNERS GUARANTEE THAT AS A CORNER STONE OF THIS DEVELOPMENT IT'S NOT JUST AN INFORMAL PROMISE. 
          WE ARE NOT ASKING THE PUBLIC TO TRUST THAT THIS PROJECT WILL HELP THEM. 
          WE CAN PUT THESE BENEFITS IN WRITING AND ENFORCE IT. SO FOR CLARITY, HERE IS WHAT IS CURRENTLY ON THE TABLE, IT'S A NONRELOCATION AGREEMENT GUARANTEE THE  SPURS LONG-TERM PRESENCE IN SAN ANTONIO. THIS IS NOT JUST SYMBOLIC. 
          IT ANCHORS OUR CITY ECONOMICALLY. CULTURALLY AND IN TERMS OF VISIBILITY. IT HAS GUARANTEED TAX REVENUE FOR THE CITY, WITH NO PROPOSED TAX ABATEMENTS, A SHIFT FROM HOW WE'VE DONE PAST PUBLIC PRIVATE PARTNERSHIPS, AND HOW THEY -- THOSE HAVE WORKED. AND IT'S A FOCUS ON HIRING LOCALLY AND IN SAN ANTONIO BASED BUSINESSES. COMMITMENTS THAT ARE TO EXPAND PRIVATE DEVELOPMENT BEYOND THE ARENA ITSELF WITH THE POTENTIAL TO CATALYZE REVITALIZATION AND UNDERUTILIZED PARTS OF OUR CITY IN WE NEGOTIATE THIS FAIRLY. THE CITY OF SAN ANTONIO IS NOT OFFERING A BLANK CHECK AND AN INFREAK INVESTMENT IS NOT A SUNK COST. THIS CONVERSATION HAS LARGELY FOCUSED ON THE ARENA AND THE SPURS RESPONSIBILITIES, BUT THIS PROJECT IS LARGER THAN THE ARENA. IT'S ABOUT ONE OF OUR CITY'S STRONGEST ECONOMIC ENGINES, THE HOSPITALITY AND TOURISM INDUSTRY. 
          THIS INCLUDES THE CONVENTION CENTER, WHICH WILL GROW AND BE ABLE TO HOLD MORE CONFERENCES, INCREASING THE INDUSTRY'S ECONOMIC IMPACT. THIS PAST YEAR WE SAW $21.5 BILLION IN TOTAL ECONOMIC IMPACT. THAT'S THE HIGHEST EVER RECORDED. THIS -- THE HOSPITALITY AND TOURISM INDUSTRY SUPPORTS ONE IN EIGHT WORKERS WITHIN OUR REGION, AND THIS IS WHERE WE CAN SEE AN INCREASE IN GROWTH AND UPSCALING OPPORTUNITIES. THIS PROJECT IS A CONTINUED INVESTMENT IN ONE OF OUR STRONGEST PERFORMING INDUSTRIES, AN INDUSTRY THAT IS ALSO SUPPORTED BY A TRUSTED PARTNER, A PARTNER WHO HAS DELIVERED FOR AS MANY DECADES AS THEY HAVE CHAMPIONSHIPS. 20 FORMER SPURS PLAYERS CALL SAN ANTONIO HOME. THEY EMPLOY APPROXIMATELY 1,000 SAN ANTONIANS AND THEY INVEST OFTEN IN OUR YOUTH, VETERANS AND SMALL BUSINESSES THROUGH PROGRAMS LIKE THE CULINARY RESIDENCY PROGRAM. THIS PROGRAM HAS WORKED WITH OVER 31 LOCAL RESTAURANTS TO SHOW OFF THEIR MENUS AT  SPURS GAMES, AND THIS IS THE TYPE OF INVESTMENT AND BUY IN WE NEED FROM OUR LARGE EMPLOYERS HERE IN SAN ANTONIO. I WANT TO EMPHASIZE THAT IF WE DO THIS WELL, WITH CLARITY AND ACCOUNTABILITY, THIS CAN BE A GENERATIONAL INVESTMENT, BUT IF WE RUSH OR WE FAIL TO COMMUNICATE, WE RISK CREATING MORE DIVISION AND DISTRUST, THIS CURRENT FRAMEWORK ALLOWS FOR THIS DISCUSSION TO TAKE PLACE. 
          AND THAT IS WHAT NEEDS TO HAPPEN. LET'S NOT MAKE A DECISION THAT WILL SHAPE SAN ANTONIO FOR DECADES WITHOUT CONSIDERING THE CONCERNS AND QUESTIONS AND FEEDBACK FROM ALL OF OUR RESIDENTS, LET'S KEEP ASKING THESE QUESTIONS, BUT CONTINUE REFINING THE TERMS. I DO HAVE SOME SPECIFIC QUESTIONS FOR MY DISTRICT, BUT I ONLY HAVE A COUPLE FOR TODAY. 
          [06:20:03]
SO I GUESS, ERIK, OR BEN, I'M ASKING -- I KNOW WE'RE A NEW COUNCIL, OR SOME OF US ARE NEW, BUT BASED ON PREVIOUS PRESENTATIONS, CAN YOU CLARIFY THAT THE ARENA WILL BE FUNDED BY THE STATE'S PORTION OF THE HOE AT THE TIME OCCUPANCY TAX AND THE SPURS THAT THROUGH THEIR 500 MILLION CONTRIBUTION THE FACILITY LEASE AND THE TAXES, THE DEVELOPERS PAY, THAT GO INTO THE T.I.F., AND GROUND LEASES THEY'RE GUARANTEEING, CAN ANY OF THESE FUNDS BE USED TO ADDRESS THE BUDGET SHORTFALL THAT WE HAVE IN '26 OR '27? OKAY. 
          AND WORST CASE SCENARIO, IF WE DON'T PROCEED WITH THIS PROJECT AND THE SPURS LEAVE, HOW WILL THIS AFFECT OUR ECONOMIC STRATEGY? ECONOMIC DEVELOPMENT 
          STRATEGY? >> WELL THE STRUCTURE THAT WE'VE TALKED ABOUT, COUNCILWOMAN, RELIES HEAVILY -- I'VE LOOKED OCCUPY THE WASHINGTON, D.C. 
          STUDY THAT WAS REFERENCED EARLIER, YOU KNOW, REALLY ONE OF THE KEY TAKE AWAYS IS BUT FOR THE SURROUNDING DEVELOPMENT AROUND THE SPORTS FACILITY, IT WOULDN'T OCCUR, SO THE CONCEPT HERE IS THAT THE -- THE GUARANTEE TAXABLE VALUE INVESTMENT WOULD FUND A PORTION TO YOUR QUESTION OF THE ARENA. IF THERE ISN'T AN ARENA, MY GUESS IS WE'RE NOT GOING TO HAVE ANYBODY WILLING TO GUARANTEE TAXABLE VALUE. 
          >> THANK YOU. THAT'S ALL I HAVE FOR NOW, MAYOR, THANK YOU. 
          >> M >> MAYOR JONES: TO CLARIFY BASED ON THE POINT THE COUNCIL JUST MADE, IF WE DO HAVE REVENUE SHARING AS I ARTICULATED LAST WEEK, THAT WOULD BE ABLE TO ADDRESS ANY SHORTFALL OF THE BUDGET IN THE FUTURE, CORRECT? IF IT'S GOING INTO THE GENERAL FUND, IT WOULD HELP WITH GENERAL FUND BILLS, IS 
          THAT RIGHT? >> NOT UNDER THIS STRUCTURE -- 
          >> MAYOR JONES: UNDERSTOOD,. >> NOT UNDER THIS STRUCTURE. 
          >> MAYOR JONES: UNDERSTOOD. BUT STRUCTURE THAT WENT INTO 
          THE GENERAL FUND -- >> YEAH, BUT THAT'S NOT THE STRUCTURE THAT WE'VE LAID OUT, MAYOR, WE'RE TRYING TO MATE GAIT OUR RISK HERE IN THE SITUATION. 
          >> MAYOR JONES: UNDERSTOOD, ERIK, BUT I WANT TO HELP PEOPLE UNDERSTAND WHAT IS POSSIBLE IF WE ALLOWED -- IF WE ALLOWED OUR OURSELVES TO THINK OF IT IN THAT WAY, I UNDERSTAND THAT'S NOT WHERE THE SPURS ARE, IT'S IMPORTANT TO UNDERSTAND WHY THE QUESTION IS THERE AND WHY IT WAS EVEN OFFERED, BECAUSE IF WE WANTED TO HELP OURSELVES WITH EXTRA MONEY TO THE GENERAL FUND, IT COULD. 
          COUNCILMAN WHYTE? >> WHYTE:  THANKS, MAYOR, BEFORE I BEGIN, COUNCILWOMAN VIAGRAN, YOU AND I HAVE HAD OUR MOMENTS IN THE PAST, AND I'M SURE WE WILL IN THE FUTURE, BUT THAT WAS INSPIRING. THAT WAS REALLY WELL SAID. 
          AND SO THANK YOU. THANK YOU FOR YOUR COMMENTS TODAY. 
          MY COLLEAGUE, COUNCILWOMAN COULD NOT BE HERE, SHE HAD A NEIGHBORHOOD COMMITMENT, HOWEVER SHE DID LEAVE ME SOME COMMENTS TO PASS ON. SHE WANTED ME TO THANK ALL OF THE PRESENTERS AND TO THANK CITY STAFF FOR THEIR WORK HERE TODAY. 
          SHE ALSO WANTED ME TO RELAY THAT THE SPURS ARE NOT ONLY AN ECONOMIC GENERATOR FOR OUR COMMUNITY, BUT THEY ARE ALSO A PART OF OUR CULTURE AND OUR HISTORY. 
          THE SPURS BRAND IS INTERTWINED WITH OUR COMMUNITY AND SAN ANTONIO'S IDENTITY, AND WE CANNOT AFFORD TO LOSE THEM. THE COUNCILWOMAN ALSO FEELS THAT THE GUARANTEES IN THIS DEAL REALLY DO LIMIT THE CITY'S RISK AS BEN AND THE OTHER FINANCE FOLKS HAVE TOLD US, AND SHE'S PLEASED THAT THE CITIZENS' TAX DOLLARS ARE NOT GOING TOWARD THIS PROJECT UNDER THIS FINANCIAL STRUCTURE. 
          COUNCILWOMAN BELIEVES THAT WE NEED TO MOVE FORWARD FOR TRANSPARENCY PURPOSES, WE'VE GOT A VOTE COMING UP IN NOVEMBER, AND SO ERIK, COUNCILWOMAN ALDRETTI HER DIRECTION IS TO PROCEED AS PLANNED, NO NEED TO LOOK AT ANY REVENUE SHARES OR ANYTHING LIKE THAT, WE NEED TO PROCEED AS PLANNED AND TAKE A VOTE ON THE TERM SHEET ON AUGUST 21ST. AND DEBBIE, I'VE GO THE COUNCILWOMAN'S COMMENTS THAT SHE WOULD LIKE TO ENTER INTO THE RECORD. WITH THAT SAID, FOR ME, I ALSO WANT TO THANK ERIK, YOUR TEAM, LORI, BEN, TROY, EVERYBODY INVOLVED WITH 
          [06:25:03]
GETTING US HERE TODAY, AS WELL AS MY COUNCIL COLLEAGUES, WHETHER YOU'VE BEEN ON THIS COUNCIL THE LAST TWO YEARS OR YOU'VE BEEN A MEMBER OF A CITY COUNCIL OFFICE OR STAFF, A LOT OF US HAVE BEEN WORKING ON THIS FOR AWHILE, AND I'M REALLY PLEASED THAT WE ARE FINALLY WHERE WE ARE TODAY. BOBBY, IF I CAN JUST ASK YOU A COUPLE OF QUESTIONS TO BEGIN WITH. HOW MANY FOLKS -- HOW MANY 
          SAN ANTONIO RESIDENTS DO THE  SPURS CURRENTLY EMPLOY? >> COUNCILMAN, ON OUR FULL TIME EMPLOY HEAD COUNT, WE'RE PROBABLY RIGHT ABOUT 505 FULLTIME EMPLOYEES, OUR PART TIME HEAD COUNT WILL FLEX FROM ABOUT 507 TO 1,000 DEPENDING ON WHAT PART OF 
          THE YEAR IT IS. >> OKAY. AND SHOULD THIS ARENA MOVE FORWARD, AND WE HAVE IT DOWNTOWN, ARE WE ANTICIPATING ADDITIONAL 
          HIRES BY THE SPURS ? >> YOU KNOW, COUNCILMAN, WHAT WE'RE WORKING ON RIGHT NOW, AS WE DETERMINE WHAT IT COSTS TO OPERATE AN ARENA, THAT IS PROBABLY THE ONE WE'RE FOCUSING ON, SO IN THE PERSPECTIVE NEW ARENA MODEL, IT'S PROBABLY A TOTAL OF 125, 130 JOBS AVERAGE SALARIES ABOUT 70K, BUT THAT DOES NOT INCLUDE BENEFITS WHICH WE PAY FOR OUR STAFF AND WORK ON THAT THROUGH OUR STAFF, THAT IS PROBABLY ABOUT A 40 PERSON HEAD COUNT, 45 PERSON HEAD COUNT OVER WHAT WE OPERATE TODAY. 
          >> WHYTE:  GREAT, BEN, A COUPLE OF THINGS TO MAKE SURE THAT I LOOKED AT THIS ECONOMIC ANALYSIS REPORT IN THE RIGHT WAY, BUT IT LOOKS LIKE 400 MILLION ANNUAL SPEND IS WHAT WE HAVE RIGHT NOW THAT WILL INCREASE BY 200 -- YEAH, SURE. 
          WILL INCREASE BY ABOUT 225 MILLION IS THE STADIUM IS PUT DOWNTOWN IS THAT 
          RIGHT? >> THAT SOUNDS ABOUT RIGHT, WITHOUT HAVING THAT SHEET IN 
          FRONT OF ME, YES, THAT SOUNDS RIGHT. >> WHYTE:  OKAY. 
          THAT IS $225 BILLION OF ADDITIONAL SPENDING INTO OUR SAN ANTONIO ECONOMY? 
          >> YES, I BELIEVE ACTUALLY 225 IS THE GROSS -- THE RISK OF GETTING INTO THE WEEDS HERE, THAT MAY BE FROM THE GROSS COLUMN, AND THE CITY COLUMN IS A DIFFERENT NUMBER. I COULD -- I PROBABLY SHOULD HAVE GRABBED IT ON MY WAY UP HERE, BUT I BELIEVE THE CITY NUMBER -- THE INCREMENTAL CITY NUMBER IS CLOSER TO 
          $300 MILLION. >> WHYTE:  THAT IS MONEY IF THE STADIUM IS PUT DOWNTOWN, ADDITIONAL DOLLARS THAT WILL BE SPENT FOR SAN ANTONIO BUSINESSES. 
          >> OVER WHAT HAS BEEN GENERATED IN THE PAST, YES. >> WHYTE:  OKAY. 
          THANK YOU. AND, BEN, THIS IS DEFINITELY FOR YOU. 
          I JUST WANT TO BE REALLY REALLY CLEAR. IS ANYBODY IN MY DISTRICT, ANY OF THEIR TAX DOLLARS GOING TO GO TO FINANCING THIS STADIUM? 
          >> UNLESS THEY'RE STAYING IN A HOTEL OR RENTING A CAR, NO. 
          >> WHYTE:  OKAY. THANK YOU. SO WHAT I WANT TO REITERATE TODAY THAT WE TALKED A BIT ABOUT LAST TIME. 
          THIS IS NOT AN EITHER/OR PROPOSITION. AND I MEAN THAT IN TWO VERY SPECIFIC WAYS. I'VE HEARD A LOT THAT, WELL, THESE ARE JUST ABOUT THE WEALTHY SPURS OWNERS THAT WANT TO GET RICHER. LISTEN, IF THIS PROJECT WORKS, IT WILL BENEFIT THE  SPURS . IT WILL BENEFIT THEIR OWNERSHIP. BUT IT'S WILL GOING TO BENEFIT THE RESIDENTS OF SAN ANTONIO. THE JOBS THAT WE'RE GOING TO CREATE   THE TAX REVENUE THAT WILL BE GENERATED THAT CAN THEN BE PUT INTO ALL OF THESE OTHER AREAS THAT WE NEED TO HELP FUND ACROSS THE CITY. EVERYBODY CAN WIN. 
          ADDITIONALLY, THIS IS NOT A MONEY FOR THIS PROJECT DOWNTOWN, OR MONEY FOR INFRASTRUCTURE ALL ACROSS THE CITY PROPOSITION. IT IS NOT AN EITHER/OR. 
          THE WAY THE FINANCIAL STRUCTURE HAS BEEN SET UP HERE IS THIS MONEY CAN BE USED FOR THIS ARENA, DOWNTOWN, ONLY, AND THE OTHER INFRASTRUCTURE NEEDS THAT WE'RE GOING TO HAVE ALL ACROSS THIS CITY, ALL OF US ARE GOING TO HAVE TO DEAL WITH IN THE UPCOMING BUDGET. AND I DON'T THINK THERE'S REALLY BEEN ANYBODY THAT'S LISTEN LOUDING OVER THE LAST TWO YEARS ABOUT THE NEED FOR THIS COUNCIL TO FOCUS ON BASIC CITY SERVICES, BASIC MUNICIPAL NEEDS INCLUDING INFRASTRUCTURE, I HOPE WHEN WE GET TO THE BUDGET PROCESS HERE NEXT WEEK, WE'RE GOING TO REMEMBER THAT THAT NEEDS TO BE A PRIMARY FOCUS OF WHAT WE DO WITH OUR GENERAL FUND DOLLARS. 
          I WANT TO THANK JUDGE SAKAI AS WELL, THANK YOU, COUNCILWOMAN KAUR FOR MENTIONING THAT, HIS LEADERSHIP ON THIS I THINK HAS BEEN INSTRUMENTAL. 
          [06:30:04]
AND I WILL CLOSE WITH MY DIRECTION AND, MAYOR, I RESPECTFULLY DISAGREE WITH YOUR POSITION. WE DO NOT NEED A PAUSE HERE. WE NEED TO MOVE FORWARD AS COUNCILWOMAN VIAGRAN HAS SO ELOQUENTLY STATED, AND WE NEED TO DO IT WITH SOME 
          URGENCY. AND IT'S LIKE COUNCILWOMAN. >> ALDERETE: MENTIONED IN HER COMMENTS, THE REASON IS TRANSPARENCY. FROM THE BEGINNING, MY US FROM WHAT WE'RE DOING HERE IS WE'VE NOT BEEN ABLE TO CLEARLY LAY OUT FOR THE PUBLIC HOW THIS IS GOING TO BE DONE, WE'RE AT THAT POINT WHERE THE PUBLIC CAN SEE THE FINANCIAL STRUCTURE AND THE FINANCIAL BENEFIT THAT THIS IS GOING TO HAVE FOR THE CITY. THEY ARE NOW GOING TO TAKE A VOTE IN NOVEMBER   THEY DESERVE TO HAVE ALL OF THE INFORMATION PRIOR TO THAT VOTE. 
          PART OF THAT INFORMATION IS THIS TERM SHEET THAT NEEDS TO BE IN WRITING AND AGREED TO BY THE SPURS AND THE CITY. SO WE NEED TO VOTE ON AUGUST 21T BECAUSE THEN WE'LL HAVE 60-PLUS DAYS AFTER THAT FOR THE PUBLIC TO DIGEST IT AND MAKE AN INFORMED DECISION WHEN THEY VOTE ON THE NEW TAX ELECTION IN NOVEMBER. 
          THANKS. >> MAYOR JONES: COUNCILMAN, IN THE ARENA WAS $1.3 BILLION, DO YOU KNOW WHAT THE CITY'S CONTRIBUTION WOULD HAVE TO BE? 
          >> WE'RE PLAYING QUESTION AND ANSWER HERE. .>> MAYOR JONES: IT'S A QUESTION, YOU TALKED ABOUT TRANSPARENCY, AND THE PEOPLE KNOWING THAT NUMBER, DO YOU 
          KNOW THAT NUMBER. >> I THINK IT WAS SET OUT IN THE PRESENTATION TWO WEEKS 
          AGO MAIRNLINGSZ IT WAS NOT. .>> MAYOR JONES: IT WAS NOT. 
          >> THE CITY'S PORTION IS GOING TO BE BETWEEN 350 AND $500 MILLION, THE COUNTY'S PORTION IS GOING TO BE AROUND 311, AND THEN THE  SPURS ARE GOING TO PUT IN 
          THE REST GIVE OR TAKE. >> MAYOR JONES: OKAY. SO THE SPURS ARE GOING TO DO THEY SAID 500, THE COUNTY IS DOING 311, SO WHAT DOES THAT LEAVE US AT THE CITY? 
          >> WHYTE:  WE'RE GOING TO BE AROUND FOR $500 MILLION. >> 489. 
          THAT IS 1.3 BILLION. IF THE STADIUM IS 1.5 BILLION, WAIT A MINUTE TO MAKE SURE YOUR CONSTITUENTS ARE UNDERSTANDING WHAT THAT NUMBER IS, THAT LATTER NUMBER, BOTH OF THOSE NUMBERS ARE IN THE UPPER 
          RANGES OF THAT, OKAY? >> WHYTE:  YEAH, I THINK THE MATH, MAYOR, HAS BEEN LAID 
          OUT MULTIPLE TIMES. >> MAYOR JONES: IT HASN'T, ACTUALLY, NOT THE ACTUAL 
          GROSS NUMBER IT HAS NOT. >> WHYTE:  I'VE SEEN IT. I THINK THAT IT HAS. 
          >> MAYOR JONES: OKAY. COUNCILMAN GALVAN? >> GALVAN. 
          THANK YOU TO MY COLLEAGUES, AS WELL AS CITY STAFF, ALL THE FOLKS IN THE FUN LICK WHO ARE HERE TODAY WHO MADE THEIR COMMENTS HEARD, WHETHER DURING THE COUNCIL SESSION AT THE BEGINNING, THROUGH THE EVENING THE PUBLIC COMMENT AS WELL, I KNOW IT'S BEEN A LONG DAY FOR EVERYBODY, I'M GOING TO DO MY BEST TO MAKE SURE I'M GETTING MY POINTS ACROSS FROM SEVERAL HOURS AGO. ALSO WANT TO SAY, THANK YOU, MAYOR, FOR THE CLARIFYING QUESTION AT THE BEGINNING DURING THE PRESENTATION GIVE ON THE CSL ANALYSIS, I THINK IT GROUNDS US A LITTLE BIT ON WHAT WE'RE LOOKING AT HERE WITHIN THIS PARTICULAR PRESENTATION. I'M EXCITED TO LOOK MORE AT THE REPORT ONCE THAT IS FULLY PUBLISHED SO WE CAN REVIEW IT. 
          I -- I REALLY WISH ABLE TO BE DONE SOONER, ABLE TO SEE IT TEE SAME TIME, SO WE COULD GET INTO THE MEAT OF IT ALL. I EXPRESSED IN THE LAST MEETING ABOUT THIS, A LOT OF MY RESERVATIONS ON THESE PIECES, I WAS ABLE TO LOOK MORE AT THIS PARTICULAR STUDY. I HAVE A LOT OF QUESTIONS REMAINING FROM IT, I DON'T THINK WAS ANSWERED OUTRIGHT WITH IT, SO -- FORGIVE ME, I DON'T REMEMBER CATCHING THE MAN'S NAME WHO IS WITH CSL. BUT IF YOU CAN GO TO THE PODIUM, REMIND ME YOUR NAME SO I CAN MAKE SURE I'M REFERRING TO YOU 
          RESPECTFULLY. >> DON CATASTROPHE. >> THANK YOU, MR. CATASTROPHE. KATS. THANK YOU. 
          PLESH TO MEET YOU AS WELL, WITHIN THE STUDY ITSELF, WAS THERE ANY ANALYSIS ON HOW THE ECONOMIC DEVELOPMENT OF THESE PROJECTS ON THIS DISTRICT WOULD IMPACT LOCAL 
          SMALL BUSINESSES OUTSIDE OF THE ENTERTAINMENT DISTRICT? >> NOT PARTICULARLY. 
          THAT WASN'T REALLY THE FOCUS OF OUR STUDY. >> OKAY. 
          >> WE'RE LOOKING AT THE NOTION OF AN INVESTMENT IN THE CONVENTION INDUSTRY TO CREATE A BIGGER FOOTPRINT FOR THE COMMUNITY USING INVESTMENT IN THE CONVENTION 
          CENTER. >> GOT IT. >> WE'VE QUANTIFIED HOW MUCH MONEY WILL BE SPENT IN THE COMMUNITY, HOW IT GOES TO SMALL BUSINESSES, OR OTHER 
          BUSINESSES REALLY ISN'T PART OF THIS FEASIBILITY STUDY. >> GOT IT. 
          [06:35:01]
SO JUST CLARIFYING THE SITE WAS MORE FOCUSED OF COURSE ON WHAT THIS PARTICULAR PIECES OF THIS WOULD GENERATE AND THEN ALSO PUT OUT. 
          >> MACRO VERSUS MICRO. >> I SEE. I SEE. 
          >> THERE ARE EFFORTS THAT HAVE TAKEN PLACE IN COMMUNITIES ACROSS THE COUNTRY WHERE THEY INCEST ON IF YOU'RE COMING INTO THE DISTRICT, WE NEED X PERCENT SMALL BUSINESSES, LOCAL BUSINESS OWNERS, ALL OF THAT IS KIND OF IN THE DETAILS AS YOU DEVELOP. OUR STUDY IS AT THAT MACRO LEVEL, HOW MUCH MONEY IS SPENT AS A RESULT OF CONVENTION AT TEEN DES COMING IN. 
          >> SO THE NEW SPENDS IS ON WHAT IS IN MERCHANDISE PARTICULAR PIECE, I SEE. 
          NOT THE PARKING LOTS. >> AND THE NEW MUSIC VENUE. 
          >> RIGHT SO SPENDING WITHIN THOSE VENUES. >> AND THROUGHOUT THE COMMUNITY. SO FOR EXAMPLE, YOU MAY SEE SOMEBODY SPEND MONEY 
          IN THE CONVENTION CENTER FOR RENT. >> SURE. 
          >> THE BIGGER IMPACT IS SPENDING ON HOTELS, RESTAURANTS, ENTE ENTERTAINMENT, LOCAL TRANSPORTATION AND OTHER USES, NOT ONLY BY ATTENDEES, BUT EXHI EXHIBITORS AND HOSTS OR PRODUCERS, ASSOCIATIONS OR CORPORATIONS THAT PUT ON THE EVENT. THAT ACCUMULATION OF SPENDING, VAST MAJORITY OUTSIDE THE BUILDING, SOME OF IT INSIDE THE 
          BUILDING ENCOMPASSES THE SPENDING. >> WITHIN THE DISTRICT, 
          NOT OUTSIDE. >> NOT JUST A DISTRICT STUDY. 
          IF I GO TO THE MARRIOTT HOTEL, I'M OUTSIDE THE DISTRICT. 
          MARRIOTT WILL GET A LOT OF BUSINESS. SO IT'S THE BROADER. 
          AND YOU CAN IMAGINE. YOU'VE BEEN TO CONVENTIONS. 
          YOU'RE LOOKING AT RESTAURANTS, HOTELS, ENTERTENTERTAINMENT, AND THEN SOME OF IT RADIATES BEYOND THAT, MOST OF IT BEYOND THAT RADIUS NOT 
          JUST THE DISTRICT. >> SO MY ORIGINAL QUESTION, DID YA'LL LOOK 
          INTO THE IMPACT OF THE SMALL BUSINESSES. >> ON WHAT. 
          >> THE SMALL BUSINESSES IN SAN ANTONIO AND AROUND THE AREA. 
          >> BUSINESSES IN GEN GENERAL. NOT SMALL BUSINESSES. 
          JUST BUSINESSES IN GENERAL. >> OKAY. 
          OKAY. THATHAT'S A BIT MORE HE HELPFUL. 
          I GUESS BECAUSE MY TH THING, IS THAT -- I KNOW WE TALKED ABOUT I INDEPENDENCE AND ALL OF THESE PIECES LIKE THAT. I DON'T WANT TO GO INTO THAT. BUT I WANT TO TALK ABOUT PEER REVIEW. 
          I KNOW CSL AND YOU YOU'RE HAVE DONE THIS RESEARCH FOR A LONG TI TIME. WHEN LOOKING AT PE PEER-REVIEWED SOURCES ON CONVENTION FINANCE AND THESE PIECES AND THE ECONOMIC OUTPUTS THEY PROVIDE LONG TERM ARE THERE REASONS WE'RE S SEEING MASSIVE MULTIPLIERS HERE THAT DON'T SEEM TO TRANSLATE IN OTHER DEVELOPMENTS. 
          >> I'M NOT FALLING. WE'RE USING THE REM SYSTEM TO CREATE MULTIPLIERS THAT TR TRANSLATE DIRECT SP SPENDING INTO SPENDING 
          THROUGHOUT THE ECONOMY AND OTHER WAYS. >> RIGHT. 
          AND I GUESS THE BIGGEST PIECE PIECE OF THAT THAT I'M CONCERNED ABOUT. 
          OTHER RESEARCH LIKE H HUMFULLIES, COATS, WHAT I'VE SEEN IS THAT THE SPENDING IS NOT NEW SPENDING, IT CONTINUES TO BE THE SAME SPENDING TRANSLATED INTO OTHER PLACES. SO WHEN I ASK ABOUT OTHER HOW ECOSYSTEMS ARE AFFECTED, MORE INPUT BEING DONE, IS IT MORE 
          OUTPUT OR SHIFTED. >> WELL, WHEN YOU LOOK AT CONVENTION INDUSTRY, ANY TIME A CONVENTION COMES TO TOWN, 7,000 DOCTORS, LAWYERS, NUR NURSES, WHATEVER IT MIGHT BE, THEY'RE HERE BECAUSE THE CONVENTION SISTECENTER EXISTS. THAT'S NEW TO YOUR COMMUNITY, AND TO THE EXTENT THE DISTRICT, THE CONVENTION ITSELF MORE SPACE, MORE AMENITIES, WE HAVEN'T TALKED ABOUT THIS, WE DID LAST ME MEETING, IN TERMS OF ALL THE TRENDS, DIGITAL PROJECTION, AI IS NOW INTRODUCING ITSELF IN CONVENTION WORLD, IN TERMS OF INVESTING, WE WOULD EXPECT AN UPTICK, NOT MASSIVE, BUT UPTICK IN THE NUMBER OF CONVENTIONS THAT COMES TO TOWN, EVERY ONE OF THOSE IS BY DEFINITION, NEW. 
          >> I SEE. AND TO BE CLEAR, I KNOW WE MENTIONED WITHIN THE METHODOLOGY, NOT SP SPENDING BY LOCALS AND NOT ALL FOLKS ARE USING HOTELS, THESE ARE -- WHAT YOU'RE LOOKING AT FOR THE NEW REVENUE OR SPENDING WERE FOLKS WHO ARE COMING BECAUSE OF THIS SPORTS ENTE 
          ENTERTAINMENT; CORRECT. >> RIGHT. IF YOU'RE LOOKING AT IT, THERE ARE A COUPLE OF NEW EVENTS WE GET, WE'RE DISADVANTAGED BY THE SUCCESS THEY'VE HAD, SO THE ABILITY TO GROW IT IS SOMEWHAT LIMITED, BUT ANYTHING THERE IS NET NEW. ANY PIECE OF BUSINESS WE LOOKED AT INCLUDED IN THE MODEL WOULD NOT ONLY BE NET NEW FROM EVENT PERSPECTIVE, BUT NET NEW FROM ATTENDEES, RECOGNIZING THEY'RE 
          LOCAL. >> I SEE. AND THE ASSUMPTION THAT 
          [06:40:03]
THE CURRENT TOURISM RATE STAYS THE SAME AND THIS IS ON TOP OF IT OR . 
          >> HOTELS? >> YEAH. OR TOURISM IN GENERAL. 
          NOT NECESSARILY HOTELS. IS THAT TOURISM -- THE CURRENT TOURISM RATE WE HAVE IN THE CITY IS THE SAME AND THIS IS ADDITIONAL VERSUS MOVING 
          FOLKS AROUND. >> YEAH. NUMBER OF HOTELS 
          OCCUPIED. >> WE -- THAT'S A BIG QUESTION. 
          THERE'S MILLIONS AND MILLIONS OF TOURISTS HERE AND WE'RE NOT LO 
          LOOKING AT A SHIFT UP OR DOWN IN THE IMPACT OF . >> CAN YOU PAUSE THE 
          TIME WHILE HE ANSWERS. >> THANK YOU. >> THE FACT THAT YOU HAVE A FANTASTIC TOURISM BASE IS THE REASON YOU HAVE A FANTASTIC RIVER WALK AND THE ALAMO DOME IS A SUCCESS -- OR THE ALAMO IS A SUCCESS. 
          >> RIGHT. >> THE TOURISM BASE COMBINED WITH DOWNTOWN RESIDENTS AND NEW FOLKS COMING TO DINNER, THAT FEEDS THE ASSETS THAT THE CONVENTION CENTER HAS TO HAVE. I HAVE TO HAVE COOL RESTAURANTS, ENTE ENTERTAINMENT, ALL OF THAT TO BE A SAN ANTONIO OR A SAN DIEGO. SO THE TOURISM INDUSTRY. WE'RE ASSUMING IT STAYS ROBUST IN ORDER TO MAKE SURE THOSE ASSETS EXIST FOR THE CONVENTION INDUSTRY AS WELL AND RESIDENTS AND OTHER VISITORS. 
          >> AND I KNOW WE TALKED ABOUT HOW OTHER HOTELS DO THIS OR MARRIOTT AS AN EXAMPLE. AND IN DISTRICT 6 WE HAVE THE HYATT REGENCY AND OTHER PLACES THAT ARE BIG TOURIST VENUES FOR PEOPLE IN GENERAL. 
          AND TO MAKE MY QUESTION MORE CLEAR, WOULD THOSE FOLKS -- IS IT EXPECTED WITHIN THIS STUDY THAT THOSE FOLKS GOING TO THE HYATT REGENCY WOULD CONTINUE GOING THERE AS WELL AS HAVING NEW FOLKS COME ON TOP OF THE SPORTS ENTERTAINMENT DISTRICT. NO ANNOUNCEMENTS ABOUT 
          IF THESE FOLKS GO HERE INSTEAD. >> I'M FOCUSED ON THE CONVENTION CENTER AND WE'VE STARTED MACRO, I CAN'T DICTATE WHERE THEY GO IN TERMS OF THE COMMUNITY, MOST OF THEM STAY CLOSER INSTEAD OF FURTHER OUT IN TERMS OF HOTEL PROPERTIES. I'LL TELL YOU CONVENTION PLANNERS LIKE TO HAVE LARGE HOTELS AND PUT A LOT OF GUESTS IN THEM. 
          MANY OF THEM LIKE TO HAVE SMALL DUE TEAK BOUTIQUE HOTELS AS OPPOSED TO MARRIOTT. SO WE KNOW THERE'S A BREADTH OF THE ROOM GENERATION BENEFITING HOSPITALITY COMMUNITY, I'M NOT SURE WHERE IT'LL 
          SPILL INTO. >> I SEE. THANK YOU SO MUCH FOR ANSWERING THOSE QUES QUESTIONS. CLEARING UP THINGS ON MY 
          END. >> MORE TO COME. >> THANK YOU. 
          LET ME MAKE SURE I HAVE SOME TIME HERE. >> I GUESS I WANT TO ASK. 
          I DON'T KNOW TO ERIC OR ECONOMIC DEVELOPMENT OR WHO IN THE TRANSPORT IS  IS RELATED ECONOMIC DEVELOPMENT. WHAT DO WE USE FOR TAX INCENTIVES OR OTHER KINDS OF 
          PIECES? >> YEAH. ALEX LOPEZ. 
          THE MANAGER WHO OVERSEES THAT AREA WILL COME UP. >> GREAT. 
          THANK YOU. >> GOOD AFTERNOON, COUNCILMEMBER. 
          WE HAVE A POLICY WE USE THAT THE COUNCIL ADOPTS WHENEVER WE LOOK AT ANY POTENTIAL INVESTMENT AND THE TOOLS THAT WE USE THROUGH THOSE PROJECTS REALLY ARE MORE TAX 
          ABATEMEABATEMENT ORIENTED. >> I SEE. AND IS THERE ANYTHING ABOUT WHAT THIS PROJECT MAY BRING IF WE GIVE THIS INCENTIVE OR ABATEMENT. 
          >> WE DO AND IT'S A SIMILAR ANALYSIS, DIRECT, INDIRECT, AND INDUCED IMPACT IT WOULD 
          BRING TO OUR COMMUNITY. >> GOT IT. AND REMIND ME ON THE POLICY PIECES. I KNOW THEY CHANGED A WHILE AGO, LATE LAST YEAR, I WAS BUSY ON MY CAMPAIGN TRAIL, BUT I WANTED TO ASK ON THAT PIECE, WHAT IS -- IS THERE REQUIREMENT OR A CERTAIN PERCENTAGE THAT CHANGES AUDIENCES THAT WE GET BASED ON THE AMOUNT OF JOBS WE GIVE, ALL OF THOSE LIKE TH THAT. 
          AND WHAT ARE THOSE THRESHOLDS. >> THERE ARE MINIMUM STANDARDS THAT ARE GOVERNED. WE HAVE A MATRIX IN THE POLICY THAT GOVERNED THAT, BUT REALLY ANY KIND OF BENEFIT THAT PROJECT COULD POTENTIALLY GET IS SOLELY 
          BASED ON THEIR INVESTMENT. >> I SEE. >> AND SO THERE'S NO NUMBER 
          NECESSARILY PUT THERE. IT'S JUST A MATTER OF . >> IT DEPENDS ON HOW MUCH THEY INVEST, THAT WOULD BECOME THE ABATEMENT THEY RECEIVE. 
          >> THERE'S A MATRIX, COUNCILMAN, THAT SHOWS, YOU KNOW, BASED ON THE INV INVESTMENT, WHAT MIGHT THEY BE ELIGIBLE FOR GIVEN JOB CREATION, INVESTMENT, 
          CAPITAL INVESTMENT. >> THAT'S WHAT I'M GETTING AT MORE TOO BECAUSE I GUESS I'M WONDERING WITH THIS, NOT TO BE TOO FRANK, I SUPPOSE, BUT IF I'M NOT MISTAKEN, I 
          [06:45:05]
HEARD 140ISH JOBS THAT WOULD BE CREATED LONG-TERM WITHIN THE SPURS STADIUM, SO WOULD THAT BE EQUIVALENT WITH OUR OWN MATRIX. I KNOW THEY'RE DIFFERENT B 
          BUT. >> WE USE THE SAME MODELING FROM THE ECONOMIC IMPACT COMPONENT, SO WE DO THE SAME ANALYSIS AS FAR AS WHAT IS THE DIRECT IMPACT OF THAT INVESTMENT, THE JOBS IT CREATES, THE CONSTRUCTION IT SPINS OFF, WE DO ALL THE 
          SAME TYPE OF ANALYSIS. >> I SEE. AND WOULD THAT ALIGN WITH 
          CURRENT GUIDELINES. >> YES. >> OKAY. 
          GOOD TO KNOW. THANK YOU, ALEX. ONE THING I WANTED TO ASK BEFORE I THINK MY SECOND ROUND, DESPITE THE TIME, I DO WANT TO ASK DO WE HAVE INFORMATION ABOUT OTHER CITY SPORTS DISTRICTS AND THEIR IMPACT ON NEIG NEIGHBORING CITIES, WHETHER HOUSTON, DALLAS, OTHERS, THEIR IMPACT ON GDP, DO THEY MAKE UP WITH GDP, WHAT DOES THAT LOOK LIKE VERSUS OWN WITH OUR SPORTS TEAM. 
          IF WE DON'T HAVE IT NOW, THAT'S OKAY. >> I DON'T THINK WE HAVE THAT COUNCILMAN, WE COULD DO RESEARCH, BUT WE DON'T HAVE THAT RIGHT NOW. 
          >> OKAY. THANK YOU VERY MUCH. AND I'LL STOP THERE FOR MY 
          TIME. >> COUNCILWOMAN GONZALES. >> GONZALEZ: THANK YOU. 
          THANK YOU, MAYOR. THANK YOU TO RESIDENTS WHO WERE HERE THE LAST 7 HOURS AND THOSE WATCHING US ON TV. SO THANK YOU TO CITY STAFF FOR THEIR PRESENTATION.  I SAT THROUGH BOTH WORKSHOPS IN DISTRICT 8 AND EVEN ADDED AN EXTRA PRESENTATION TO ENSURE THAT DISTRICT 8 RESIDENTS HAD THE OPPORTUNITY TO BE HEARD. 
          THERE ARE A NUMBER OF QUESTIONS RAISED AND CONCERNS CONSIDERING SAN ANTONIO HAS SO MANY NEEDS LIKE THE COST OF HOUSING AND AGING INFRASTRUCTURE. A NUMBER OF QUESTIONS WERE ANSWERED THANK TO CITY STAFF, BUT I PULLED A FEW MORE QUESTIONS FROM RESIDENTS AND WA WANTED TO MAKE SURE TO ASK THEM HERE TODAY. SO IF -- ERIC, IF YOU CAN CLARIFY, THIS IS ACTUALLY A QUESTION OF THE FIRST WORKSHOP, CAN 
          YOU CLARIFY THE PARAMETERS OF THE PFZ. >> SO COUNCILWOMAN, BEN TALKED ABOUT THAT ON SLIDE PRESENTATION, THE PFZ CAPTURES STATE INCREMENTAL HOT TAX, M MIXED BEVERAGE SALES, AND SALES TAX WITHIN HOTELS, WITHIN THE THREE MILE RADIUS AROUND THE PROJECT, SO THAT'S THE MAP THAT BEN SHOWED. THERE YOU GO. THOSE REVENUE SOURCES ARE -- ONCE THE ZONE WAS CREATED IN MAY OF 2025, BEGINNING IN 2026, WE WILL CAPTURE THE INCREMENTAL GROWTH -- SO 2025 BECOMES THE BASE YEAR, AND THEN FOR A PERIOD OF 30 YEARS, WE WILL HAVE THE ABILITY AND THE OPPORTUNITY TO UTILIZE THOSE FUNDS O ON -- FOR THE THREE DESIGNATIONS THAT WERE CREATED, THE CONVENTION CENTER, THE ALAMO DOME, AND AN ARENA. ONCE THE ZONE IS CRE CREATED, WE HAVE FIVE YEARS TO INITIATE THE PROJECT OR THE ZONE IS DISSOLVED, AND THE 
          REVENUES STAY WITH THE STATE. >> AND CAN YOU CLARIFY 
          WHAT THE PFZ FINANCING CAN BE USED FOR? >> SO IT CAN BE USED FOR THE CONVENTION CENTER, THE ALAMO DOME, OR AN ARENA BASED ON HOW IT'S STRUCTURED RIGHT NOW. DOES THAT ANSWER YOUR QUESTION? 
          >> THAT'S BASED ON THE TAX CODE? >> YES. 
          >> OKAY. >> ANYTHING RELATED TO THOSE PROJECTS. 
          >> SO INFRASTRUCTURE RELATED TO CONVENTION CENTER . 
          >> THOSE PROJECTS. >> YES, MA'AM. >> AND I THINK WE ASKED THIS AT THE BEGINNING BUT IT'S BEEN 10 QUESTION SO I CAN ASK AGAIN. IF THE SPURS CAN CLA CLARIFY, I KNOW WE TALKED ABOUT REVENUE SHARING AND WHY THAT IS NOT FEASIBLE. 
          >> FOR YOUR RECORD, BOBBY BENNETT. SAN ANTONIO SPURS. 
          THE REVENUE SHARING REQUEST IS NOT FEASIBLE BECAUSE OF THE DEAL STRUCTURE. THERE'S 3 LEVELS OF GUARANTEES, AND I'LL JUST RESTATE IT. THE FIRST IS THE $500 MILLION CONTRIBUTION TO THE ARENA FROM OUR SIDE PLUS COST IS AN EXAMPLE THERE WAS A DISCUSSION BETWEEN COUNCILMAN WHITE AND THE MAYOR, IF THE ARENA WAS $600 MILLION THE CITY WOULD BE EXPOSED TO TH THAT. 
          THAT'S NOT CORRECT. THE CITY'S CONTRIBUTION BETWEEN THAT 300 AND 500 
          [06:50:04]
NUMBER, THAT STOPS, IF THERE'S A COST OVERRUN THAT'S ON OUR SHOULDERS, AND WE HAVE AGREED TO THAT. SO WE NEED OUR REVENUE TO SUPPORT THE DEBT THAT WE HAVE TO INCUR TO GO MAKE OUR FINANCIAL CONTRIBUTION, MANAGE THE PROJECT AND PAY FOR COST OVERRUNS, THE SECOND PART IS CONTRIBUTION GUARANTEES ON THE FINANCIAL SIDE. 
          ONE IS THROUGH 2031, THE APPROXIMATELY $500 MILLION. 
          THE SECOND BUILDOUT GUARANTEE IS THROUGH 2042. 
          SO I THINK BEN TALKED ABOUT THIS BEING A 1 12-YEAR PROJECT, SO WE NEED THAT REVENUE TO SUPPORT THOSE TR TRANSACTIONS. 
          >> THANK YOU. AND I WANT TO MAKE SURE THOSE COST OVERFLOW RUNS WON'T FALL ON TAXPAYERS. YOU SAID YOU WOULD MANAGE THOSE. 
          SO CAN YOU EXPAND THAT. >> WE'VE BEEN CLEAR FROM WHEN WE STARTED THE TRANSACTION, OUR COMPANY HAS TALKED ABOUT IT, WE'RE BEARING ALL RESPONSIBILITY OF THE COST OVERRUNS, THE MANAGEMENT OF THE PROJECT IS ON US, THE PROCUREMENT OF THE PROJECT IS ON US, AND ALL THE RISK OF THE PROJECT IS ON US, AND IT'S NEVER OUR INTENTION -- WE PUT THAT IN FRONT OF VOTERS, WE WANT THE VO VOTERS TO KNOW IT'S OUR RESPONSIBILITY AND WE WANT THIS TO BE A FAIR TRANSACTION. 
          >> AND CURRENTLY, YOU MAINTAIN THE FROST BANK CENTER; CORRECT. 
          >> CORRECT. >> WHAT DOES THAT COST. >> WE'VE BEEN RUNNING THE FROST BANK CENTER IN ALL OF ITS OPERATIONS, ABOUT 90 ACRES, AND YOU KNOW, OUR STAFF RUNS IT, AND WE PROBABLY RUN IT AT ABOUT SOMEWHERE BETWEEN 18, $19 MILLION A YEAR ON OPERATIONS. IN ADDITION TO THAT, WE'VE BEEN PARTNERS WITH THE CITY OF SAN ANTONIO FOR A DECADE NOW AT TOYOTA FIELD. WE OPERATE THAT. RUN ALL OF THOSE FACILITIES. A 65-ACRE CAMPUS. WE ALSO RUN -- YOU HEARD ABOUT OUR OLD PRACTICE FACILITY TODAY. WE'LL TURN THAT INTO AN IMPACT CENTER. I'M PROUD TO BE ABLE TO WORK WITH A GROUP OF PEOPLE WHO ARE FOCUSED ON IMPACT TO COMMUNITY AND THEY'RE PLANNING TO GIVE BACK TO THE COMMUNITY AND THAT'S AT DISTRICT 10, YOUR COUNCIL DISTRICT. AND THE NEWEST ONE, WE'VE OPENED UP, RC LED US THROUGH A PROCESS TO REDEVELOP A STATE OF THE ART PERFORMANCE FACILITY ANOTHER 38-ACRE CAMPUS WITH THE LARGEST DOG PARK IN SAN ANTONIO IN 
          PARTNERSHIP WITH THE CITY AND COUNTY. >> DO YOU HAVE ANY PROJECTIONS WHAT THE ONM COST WOULD BE FOR THE ARENA. 
          >> PROBABLY ABOUT $25 MILLION PER YEAR FOR THE FIRST YEAR. 
          THERE'S AN ESCALATOR ON THAT, BUT THAT'S OUR BASELINE NUMBER AS WE PUT INTO PROJECTIONS. AND PART OF THAT -- THAT INCLUDES THE STAFFING NUMBER I REFERENCED. I THINK COUN COUNCILMAN WH WHITE'S QUESTION. 
          >> THANK YOU.  I APPRECIATE IT. WE'VE TALKED ABOUT COMMUNITY BENEFITS AGREEMENT. ERIC, WILL THERE BE A DEFINITIVE AMOUNT OF CVA IN LOI. WILL THAT BE IN LOI? I THINK IT'S IMPORTANT TO MAKE SURE THE COMMUNITY HAS THE 
          OPPORTUNITY TO NEGOTIATE THAT CVA ON THOSE TERMS. >> IT WOULD BE MY RECOMMENDATION THAT THE AMOUNT BE IN THE LOI FOR THE WHOLE 30 YEAR TERM. 
          >> OKAY. >> AND DO WE HAVE A TIMELINE AT ALL ON WHEN WE PLAN TO NEGOTIATE OR AGREE UPON THE ELEMENTS OF THAT CVA? 
          >> THE -- WELL I'LL TAKE SOME OF THE FEEDBACK I HEARD FROM THE COUNCIL TWO WEEKS AGO, AND THE RECOMMENDED APPROACH I GAVE TWO WEEKS AGO THAT WE SECURE THE DOLLAR COMMITMENT FOR COMMUNITY BENEFITS OVER THE 30 YEAR TERM AND THAT COMES BACK TO THE COUNCIL FOR YOUR CONVERSATION THERE'S A NUMBER OF ID IDEAS AND CONCEPTS THAT WERE THROWN OUT, AND THEN THE COUNCIL WOULD GO THROUGH THAT PROCESS AND DECIDE HOW TO DEAL 
          WITH THAT. >> GONZALEZ: OKAY. THANK YOU. 
          WHAT ELSE? LET ME SEE. WHAT WAS I GOING TO ASK? CONVENTION CENTER. I KNOW WE'VE TALKED ABOUT THE CONVENTION CENTER IN THIS PRESENTATION, BUT IF YOU COULD JUST CLARIFY, KIND OF GIVE AN UPDATE ON THE TIMELINE OF WHEN THO THOSE -- WHEN WE'LL HAVE MORE OF THOSE CONVERSATIONS OR ME MEETINGS REGARDING THE 
          CONVENTION CENTER. >> PROBABLY NOT UNTIL LATER IN -- TOWARDS THE ENDS OF THIS YEAR, CALENDAR YEAR. JOHN HAS MENTIONED SEVERAL TIMES THE FEASIBILITY. HE CAME TO COUNCIL LAST DECEMBER, LEFT WITH A LOT OF HOMEWORK, AND THERE'S A LOT OF WORK TO BE DONE. SO HE'LL COME BACK. WE OWE THE COUNCIL AN U 
          UPDATE ON THAT BEFORE THE END OF 2025. >> GONZALEZ: OKAY. 
          AND THEN A QUICK QUESTION FOR CSL. ON SLIDE 15 OF THE PRESENTATION, IF YOU DON'T MIND PULLING THAT UP. 
          [06:55:03]
THE CITY TAX COLLECTION OF 182, IS THAT MADE UP OF SALES TAX AND HOT TAX DOLLARS? WHAT IS THE MAKE-UP OF THOSE? SALES AND HOT? AND SO DO YOU HAVE THE 30 YEAR  NPV, NET PRESENT VALUE OF THE SPURS ARENA IN THAT 183 -- THE 182? NO? OKAY. I NOTICED IN THE SURVEY, IF YOU SAY THAT DISTRICT 8 RESIDENTS DON'T GO DOWNTOWN, I WILL NOT BELIEVE YOU BECAUSE THEY DO CLEARLY BECAUSE THE NUMBER ONE THING THAT CAME UP IN THIS SURVEY TIME AND TIME AGAIN WAS TRANSPORTATION TO GET DOWNTOWN. 
          IMPROVEMENTS TO TRAFFIC, RELIABILITY TRANSIT, PUBLIC SPACES, WA WALKABILITY. AND THOSE WERE AT THE TOP OF THE LIST ON EVERY ANSWER, SO IF VIA IS P PAYING ATTENTION, WE WANT TO BE DOWNTOWN. 
          WE WANT A RELIABLE SERVICE. SO I LOOK FORWARD TO THAT AND SHARING THAT WITH RESIDENTS. AT THE END, I WOULD LIKE THE CITY CONTINUING NEGOTIATIONS, WE WANT TO HEAR ABOUT THOSE AT THE END OF THE MONTH WITH THE LEVEL OF DETAIL SO WE CAN PROPERLY EXAMINE THE DEAL AS A FULL COUNCIL. SO I LOOK FORWARD TO THAT AT THE END OF THE MONTH, AND THOSE ARE ALL THE COMMENTS I HAVE. 
          THANK YOU. >> MAYOR JONES: THANK YOU. I WANT TO CLARIFY, PLEASE CORRECT THE RECORD IF I MISSPOKE, BUT FOR $1.3 BILLION STADIUM, IF WE TAKE AWAY THE $500 MILLION CONTRIBUTION FROM THE SPURS AND THEN TAKE OUT THE $311 MILLION CONTRIBUTION FROM THE COUNTY, THAT'S $489 MILLION THAT WOULD BE THE CITY'S 
          CONTRIBUTION. ; CORRECT. >> BASED ON THOSE NUMBERS, YES, BUT THAT'S PART OF THE DISCUSSION WE HAVE NOT CONCLUDED WITH YOUR STAFF AND WE HOPE TO DO THAT IN THE NEXT WEEK. 
          >> MAYOR JONES: SO THE OTHER NUMBER, IF THE STADIUM WAS $1.5 BILLION AND WE TAKE OUT TH COUNTY'S AND THE SPURS $500 MILLION, UNLESS THAT NUMBE INCREASES BASED ON A HIGHER PRICE TAG FOR THE ARENA, IS YOURS THE SAME WHETHER IT'S $1.3 MILLION OR $1.5 MILLION. 
          >> YES, MAYOR, OURS IS $500 MILLION, WHAT WE'VE REQUESTED IS 
          $500 MILLION. >> YES. SO MINUS 311 FROM THE 
          COUNTY, THAT'S 689 MILLION. >> OKAY. 
          1.5 MINUS 500 MINUS 311 GETS US TO 689. >> MAYOR, MAYBE I CAN SHARE WHAT I'M THINKING BECAUSE I THINK YOUR NUMBERS ARE CONFUSING TO ME. IF AN ARENA IS $1.5 BILLION, WE PUT IN 500 MILLION. THE COUNTY PUTS IN 311 MILLION. 
          THE CITY -- WE'VE ASKED FOR 500, IF THAT'S ALL YOU PUT IN, 500, WE'VE GOT TO FIGURE OUT HOW TO GET TO $1.5 BILLION, THAT'S ON US, AND WE'VE GOT TO FIGURE THAT OUT. OUR GOAL IS TO FIGURE THIS OUT OVER THE NEXT 6 OR 7 DAYS, WE'VE BEEN TALKING ABOUT THIS, NO LESS THAN 6 MONTHS, MAYBE LONGER, AND THERE'S BEEN A LOT OF DISCUSSIONS, AND WE ARE VERY CLOSE TO PROBLEM-SOLVING THIS, AND I THINK WHAT WE'RE ASKING TODAY IS THIS BODY GIVE DIRECTION TO STAFF TO GO FINALIZE DISCUSSIONS, BRING BACK NONBINDING LOI THAT IS CONTINGENT UPON AN ELECTION SO WE CAN PUT IT IN FRONT OF VOTERS, AND DO THAT QUICKLY, DO THAT BY AUGUST 21, DO IT IN TWO WEEKS, THAT'S OUR REQUEST. 
          >> WHAT IS THE URGENCY OF YOUR REQUEST? >> I THINK THE URGENCY IS CLEAR. AFTER JUDGE SAKAI AND THE COUNTY CALLED AN ELECTION YESTERDAY, I THINK OUR BELIEF IN THE PUBLIC PROCESS IN THE OPPORTUNITY FOR A PUBLIC PRIVATE PARTNERSHIP BETWEEN OUR COMPANY, THE CITY, THE COUNTY, AND WE CAN PUT IT IN FRONT OF VOTERS, THAT ELECTION HAS BEEN CALLED YESTERDAY. THE CITY FINALIZES THE DISCUSSION, PUTS IT IN THE NONBINDING LOICS, WE FIRMLY BELIEVE IN THE PUBLIC PROCESS. WHAT A BETTER WAY TO HAVE THE PUBLIC COMMENT AT THE BALLOT BOX IN NOVEMBER, ESPECIALLY EVERYBODY ON THIS BODY WHO JUST CAME OFF THE CAMPAIGN TRAIL, EVERYBODY, AND I THINK THIS BODY, AS A FORMER PERSON WHO USED TO SIT ON THAT SIDE, I APPRECIATE THE PROCESS, AND I THINK THE COMPANY APPRECIATES THE PROCESS AND THE OPPORTUNITY FOR THE CITIZENS TO APPLY. WE THINK IT'S PART OF 
          TRANSPARENCY TOO, MAYOR. >> MAYOR JONES: 100%. OAK. 
          [07:00:04]
SO THAT'S A HELPFUL PIECE OF INFORMATION THAT IS NEW IN THAT THE $189 MILLION WOULD BE T TBD IN TERMS OF HOW IT'S DETERMINED BASED ON A $1.5 BILLION STADIUM. SORRY. WHERE'S MY LIST HERE? 
          COUNCILWOMAN IT'S A TEE OWE. >> CASTILLO: THANK YOU, MAYOR, AND TO THE INDIVIDUALS WHO GAVE PRESENTATION TODAY AS WELL AS MEMBERS OF THE PUBLIC EXPRESSIN THEIR POSITION ON THIS PROPOSED PROJECT. I WANT TO THANK THE MAYOR TO SIT HERE AND ABSORB AND BE WELL INFORMED WHEN IT COMES TO THE DISCUSSION AND MAKING DECISIONS ON A BILLION DOLLAR INV INVESTMENT ON BEHALF OF THE RESIDENTS OF SAN ANTONIO. 
          WITH THAT BEING SAID, I WOULD BE REMISS IF I DIDN'T HIGHLIGHT THE IMPORTANCE OF SAN ANTONIO SPURS IN INV INVESTING IN DISTRICT 5 PARKS IN PARTICULAR. THAT IS GREAT IMPACT AND IMPACT WE SEE IN YOUTH AND COMMUNITY BEYOND PROGRAMMING, SO I KNOW D5 RESIDENTS ARE GRATEFUL FOR SUPPORT AND INVESTMENT, AND PROJECT MARVEL IN THE STADIUM AS A WHOLE, WHILE THIS IS EXCITING INFORMATION, I WOULD CAUTION US TO MOVE FORWARD WITHOUT RECEIVING FULL INFORMATION. 
          AS PRESENTED FROM CSL, THERE ARE STILL COMPONENTS THAT COUNCIL HASN'T BEEN FULLY PRESENTED, AND IN SAKE OF THE PRINCIPLE OF TRANSPARENCY, I THINK IT'S IMPORTANT THAT, YOU KNOW, RESIDENTS OF SAN ANTONIO AND THEIR EL ELECTEDS MAKE DECISIONS WITH FULL AND ALL INFORMATION.  I ALSO WANT TO CHALLENGE THE IDEA THAT THE CONVERSATION ABOUT BUDGET DEFICIT AND PROJECT MARVEL SHOULD NOT HAPPEN PARALLEL. WHEN WE TALK ABOUT BUDGET DEFICIT AND POTENTIAL COSTS ASSOCIATED WITH PROJECT MARVEL LIKE PUBLIC SAFETY COMPONENT, THAT COULD ADD UP OVER TIME. WHEN WE TALK ABOUT POTENTIAL NEW SPORTS STADIUM, MUSIC VENUE, IT'S OUR PUBLIC SAFETY PERSONNEL TO ENSURE THAT TOURISTS ARE KEPT SAFE AND THERE'S COSTS ASSOCIATED WITH THOSE PIECES. FURTHER, WE KNOW THERE'S LARGE INFRASTRUCTURE INVESTMENTS TO SUPPORT PROJECT MARVEL AS A WHOLE, AND WITH THAT, SOMETHING THAT I'D LIKE TO SEE, ERIC, AS WE MOVE FORWARD AND IF THIS MOVES TOWARDS TO SUPPORT INFRASTRUCTURE IMP IMPROVEMENTS, I WOULD LIKE TO ECHO THE REQUEST OF MONICA CRUZ THAT THE PROPOSITION IS BROKEN DOWN INTO A SEPARATE PROPOSITION. 
          WE SHOULDN'T PIGEON HOLE SAN ANTONIO RESIDENTS TO VOTE ALL OR NOTHING IF THEY WANT INVESTMENTS IN NEIGHBORHOOD OR PROJECT MARVEL. 
          SINCE 2012, WITH THE 2012 BOND RATHER, WE'VE SEEN ROUGHLY $400 MILLION INVESTMENT IN HEMISPHERE AND CONVENTION. 
          THAT'S 33 MILLION PER YEAR. THIS CONVERSATION, IT ONLY NEEDS AN ADDITIONAL BILLION DOLLARS OF INVESTMENT TO BE THE CATALYST THAT SAN ANTONIO RESIDENTS WILL NEED TO UPLIFT US OUT OF POVERTY AND SO FORTH, THE ARGUMENTS WE HEARD TODAY. 
          AND I CHALLENGE THAT BECAUSE WE KNOW WHEN THE WORKFORCE IS STRONG, THAT'S WHEN CITY IS STRONG AND FAMILIES ARE STRONGER. 
          SO THAT'S WHY I'M GRATEFUL FOR THE LEADERSHIP, AND IF TRICIA IS WATCHING, I HOPE YOUR BOARD INCR INCREASES WAGES FOR THOSE WORKERS BECAUSE THEY'RE LOW. SO LET'S MAKE SURE WE TAKE CARE OF THE FOLKS THAT TAKE CARE OF THE CITY. 
          SO THAT'S SOMETHING I WOULD LIKE TO SEE AS WE REVISIT THE CONVER CONVERSATION. BUT WHAT I HEARD FROM FOLKS TODAY DURING PUBLIC COMMENT AND A CONCERN I SHARED WITH CITY LEADERSHIP IN TERMS OF SELECTION OF CSL TO CONDUCT AN ANALYSIS. SO A COUPLE OF QUESTIONS WITH THAT. WAS AN RFP PUT OUT? HOW MUCH RESPONDENTS WENT AFTER THIS ARFP? CAN THAT INFORMATION BE SHARED WITH US? 
          >> SORRY. COUNCILWOMAN, WE DID NOT ISSUE AN RFP FOR THAT 
          SERVICE. >> OKAY. AND MY CONCERN WITH TH THAT, AND I BROUGHT THIS UP WITH CITY LEADERSHIP, WHEN WE LOOK AT THE ACADEMIC RESEARCH, CSL INPUTTING FAVORABLE NUMBERS IN TERMS OF THE RETURN TO CITIES THAT INVEST IN SIMILAR PROJECTS LIKE STADIUMS, AND THIS IS THEIR JO JOB; RIGHT?  THEY PROVIDE ANALYSIS FOR CITIES ON WHAT THE RETURN WILL LOOK LIKE. AND ULTIMATELY, WHAT WE ALSO SEE IS THAT, YOU KNOW, CSL IS ALSO A SUBSIDIARY OF A LARGER COMPANY CALLED LEGENDS HOSPITALITY WHICH IS A FOOD AND BEVERAGE RETAIL 
          [07:05:03]
AND STADIUM OPERATIONS, WHICH OF COURSE APPLIES FOR RFPS TO OPERATE WITHIN THE VENUES VENUES; RIGHT?  SO MY CONCERN IN TRANSPARENCY ARE POTENTIAL CONFL CONFLICTS; RIGHT?  I THINK IT'S IMPORTANT FOR US TO TAKE INTO ACCOUNT, IN TERMS OF CSL AND LEGENDS HOSPITALITIES THAT THEY'RE OWNED BY SIX STREET PARTNERS WHICH IS A GLOBAL INV INVESTMENT FIRM BUT ALSO A CO-OWNER OF SAN ANTONIO SPURS. 
          SO I THINK IT'S IRRESPONSIBLE FOR US NOT TO CONDUCT AN INDEPENDENT STUDY ON WHAT THAT RETURN CAN LOOK LIKE ESPECIALLY GIVEN THE PIECES I LI LISTED. SO I THINK THERE IS VALUE IN GOING BACK OUT TO SEE WHAT NUMBERS LOOK LIKE, WHETHER IT'S OUR OWN CITY'S ECONOMIC DEPARTMENT. WAS OUR CITY'S ECONOMIC DEPARTMENT CONSULTED TO RUN NUMBERS IN TERMS OF OUR TAX INCENTIVE? 
          >> ON TAX INCENTIVE? NO, MA'AM. >> HOW COME THIS ISN'T SOMETHING WE COULD HAVE CONDUCTED IN HOUSE? DID WE NOT HAVE APPROPRIATE SOFTWARE? WHY DIDN'T OUR DEPARTMENT DO IT. 
          >> THAT'S A PRETTY SPECIALIZED AREA, THAT WOULDN'T BE SOMETHING WE 
          COULD DO INTERNALLY. >> I KNOW OTHER CITIES, IN D.C., THEY'VE CON CONDUCTED THEIR OWN ANALYSIS, SO IS IT SOFTWARE WE DON'T HAVE? EXPERTISE? I'M JUST TRYING TO UNDERSTAND WHY IT WASN'T 
          SOMETHING WE COULDN'T HAVE ANALYZED. >> I THINK IT'S EXPERTISE -- GO AHEAD, ALEX. WHILE YOU'RE GOING UP THERE. IT'S EXPERTISE, COU COUNSELWOMAN, AND THE WASHINGTON, D.C. REPORT WAS DONE BY JLL AND ROBERT BOB, WHO USED TO BE THE PRIOR CITY ADMINISTRATOR OF WASHINGTON, D.C., THAT'S 
          WHO DID THAT REPORT. >> JUST TO FOLLOW THAT UP AS WELL. 
          WE DO NOT HAVE THAT SOFTWARE OURSELVES, WE DON'T HAVE THAT EXPERTISE IN HOUSE, WE ACTUALLY HAVE A CONTRACT WITH A CONSULTANT WITH A ECONOMIST HERE FROM ST ST. MARY'S THAT RUNS THAT WORK WHEN WE NEED IT. IT'S SMALLER, NOT AS INTRICATE, BUT WE O 
          OUTSOURCE IT AS WELL. >> THANK YOU.  I APPRECIATE THAT. 
          AND IN TERMS OF WHAT WE'VE HEARD FROM ACADEMICS, WHETHER FROM TRINITY UNIVERSITY, UT UTSA, IT'S DEEP IN THE LITERATURE; RIGHT?  THAT WE SEE OFTENTIMES IN THE ARGUMENT THAT'S BEEN MADE OVER AND OVER AGAIN BY ACADEMICS, THE COMMUNITIES THAT INVEST THE MOST IN PROJECTS LIKE LARGE SPORTS DISTRICTS AND/OR STA STADIUMS DO NOT SEE THE RETURN IN TERMS OF BENEFITS AS PRESENTED IN THE PRESENTATION BY CSL. 
          AND I THINK THAT'S SOMETHING THAT I CAUTION US TO JUST BUST OUT THE POM POMS AND JUST SAY LET'S MOVE TOWARDS, ESPECIALLY WHEN WE DON'T HAVE THE FULL INFORMATION BECAUSE I BELIEVE THAT'S THE EXAMINATION FROM SAN ANTONIO RESIDENTS, AND IN TERMS OF THE CSL PRESENTATION, I'M NOT SURE IF THIS IS SOMETHING YOU CAN ANS ANSWER, BEN, BUT ARE THERE COSTS ACCOUNTED FOR, LIKE FOR EXAMPLE, THE CHILLING PLANT, THAT'S A PERFECTLY FUNCTIONAL CHILLING PLANT THAT'S SET TO BE RELOCATED, THEY SAID THAT WOULD COST ROUGHLY $60 MILLION TO RELOCATE ARE THOSE OMITTED COSTS TAKEN INTO ACCOUNT IN 
          THE CSL PRESENTATION. >> NO. THE CSL REPORT WOULD NOT TAKEN INTO ACCOUNT THE CHILLING WATER PLANT COST TO RELOCATE. 
          WE DON'T HAVE A NUMBER IN TERMS OF WHAT THAT GAP WOULD BE. 
          SO WE ASKED THEM TO BE A FEASIBILITY STUDY TO NOT ONLY RELOCATE THAT PLANT BUT EXPAND THAT PLANT, THE GOAL WOULD BE TO HAVE IT SERVE THE CONVENTION CENTER, THE ARENA, PRIVATE DEVELOPMENT, YOU KNOW, A MUCH MORE EFFICIENT WAY OF DELIVERING COOL AIR TO THE FACILITIES BUT WE WANT TO MAKE SURE IT'S COST-EFFECTIVE WHEN IT DOES THAT. 
          SO TODAY, WE ARE ABO ABOUT -- THE CITY OF SAN ANTONIO, OUR FACILITIES ARE ABOUT 70% OF THE LOAD ON THAT CHILL WATER SYSTEM, BY ADDING THESE OTHER FACILITIES, THAT SHOULD HELP WITH FIXED COSTS, WE SHOULD SEE THE COSTS GET SPREAD ACROSS MORE ENTITIES. SO ONCE THEY'RE DONE WITH THAT FEEDBILITY STUDY, WE'LL KNOW HOW MUCH OF THE RATES OF THAT SYSTEM INSOF SAWS CAN COVER COST FOR THE NEW FACILITY AS WELL AS THE RELOCATION COSTS, THAT'LL TELL US IF THERE IS A GAP AND HOW BIG. 
          >> AND I HIGHLIGHT THAT BECAUSE WE RECEIVED THE 2025 SAWS WATER MANAGEMENT PLAN, AND WHAT IT EMPHASIZES IS DEVELOPMENT PATTERNS AND PLANNING FOR LONG-TERM WATER USAGE, AND WHEN WE TAKE INTO ACCOUNT WHETHER IT'S INFRA INFRASTRUCKTURE, STREET SIDEWALKS DRAIN INTO WATER AWAY FROM DOWNTOWN OR HOW WE'RE GOING TO SUPPORT SUCH A LARGE IT'S BEYON 
          [07:10:28]
$400 MILLION WHILE OUR CONSTITUENCY CONTINUES TO WAIT FOR BASIC IN INFRASTRUCTURE, AND SWITCHING OVER TO THE ABLE CITY PRESENTATION, I WANT TO THANK ABLE CITY AND THEIR TEAM FOR WORKING IN THE TIMELINE THEY WERE ASSIGNED, RACHEL AND JUSTIN IN MY TEAM WHO FULLY STAFFED THOSE MEETINGS AND ATTENDED OTHER PRESENTATIONS IN OTHER COUNCIL DISTRICTS, AND WHAT THEY SHARED WITH ME AT THE DISTRICT 5 COMMITTEE MEETING WAS THERE WAS A LARGE MAJORITY THAT WERE A HARD NO ON PROJECT MARVEL. DISTRICT 5 RESIDENTS WEREN'T GIVEN AN OPPORTUNITY TO CHECK IN, AND I APPRECIATE THE MAYOR ADDING THAT IN AND FURTHER ENGAGE ON WHAT THE IMPACT LOOKS LIKE. 
          BUT WHAT I HEARD FROM MY CONSTITUENCY FOLLOWING THE ENGAGEMENT IS THEY WEREN'T UNDER THE IMPRESSION THAT THAT ENGAGEMENT WAS TO SHAPE A COMMUNITY BENEFITS AGREEMENT, AND HAD THAT BEEN AT THE FOREFRONT IN TERMS OF WHY THOSE ME MEETINGS WERE BEING FACILITIED, ENGAGEMENT AND PARTICIPATION WOULD HAVE LOOKED DIFFERENT. AND I DO BELIEVE THERE'S VALUE TO CONTINUE TO ENGAGE IN COMMUNITY, AND ULTIMATELY IN TERMS OF COMMUNITY BENEFITS AGREEMENT, ONE LEGALLY BINDING AND COMMUNITY DRIVEN SO BEFORE WE MOVE FORWARD WITH ANYTHING, WE NEED TO HAVE A CONVERSATION ABOUT WHAT DOES THE GOVERNANCE STRUCTURE LOOK LIKE FOR A COMMUNITY BENEFITS COMMITTEE, SUBCOMMITTEE, WHATEVER THAT LOOKS LIKE TO MAKE SURE IT'S DRIVEN BY THE FOLKS BEING IMPACTED THE MOST. 
          AND THEN IN TERMS OF THE COMMUNITY MEETING, ONE THING SHARED AS WELL IS IN THE PRESENTATION -- SO WITHIN THE PFZ ZONE, IT OVERLAPS WITH DISTRICT 5, AND WHILE I UNDERSTAND THE STRUCTURE OF T THAT, D5 RESIDENTS WERE ASKING WITHIN THE PRESENTATION, DISCUSSING THE PFZ ZONE, WHY WERE THE PIECES OF D5 THAT E ENCOMPASS IT NOT INCLUDED IN TH PRESENTATION. SO I DON'T KNOW IF THERE'S ANY REASON IT WASN'T INC INCLUDED. BUT IT'S A QUESTION I CONTINUE TO GET. 
          SO IF YOU HAVE AN ANSWER. >> I DON'T KNOW WHY IT WASN'T IN THE PARTICULAR PRESENTATION, BUT WE'LL CONTINUE TO COMMUNICATE THAT THAT ZONE IS DRIVEN BY THE STATUTE, SO IT SAYS ONCE YOU SELECT YOUR PROJECT, YOU DRAW A 3-MILE RADIUS AROUND THE PROJECT. IN THIS CASE, THE CONVENTION CENTER, THE ALAMO DOME AND THE ARENA. YOU DRAW YOUR THREE-MILE CIRCLE. 
          IT DOESN'T CHANGE THE AMOUNT OF TAXES BEING COLLECTED IN THOSE, IT MERELY REDIRECTS THE STATE'S HOE TELL REVENUE BACK TO BEING USED FOR THAT FACILITY. 
          >> AND LASTLY I DON'T KNOW IF THIS IS -- THANK YOU, B BEN. 
          I DON'T KNOW IF THIS IS AN ANDY QUESTION, BUT IN TERMS OF THE WAGES, THE PEOPLE IN SAN ANTONIO, WHETHER IN INFRASTRUCTURE OR ADDITIONAL COSTS NEEDED TO FILL THE G GAP, IS THERE OPPORTUNITY FOR COUNCIL TO ENSURE THAT IF INCENTIVE IS RECEIVED ON BEHALF OF SAN ANTONIO RESIDENTS, WHETHER USHER OR MAINTENANCE WORKER WITHIN THE ARENA, THEY HAVE TO BE PAID A LIVABLE WAGE CONSISTENT WITH SAN ANTONIO SIMILAR TO THE LANGUAGE ASSOCIATED WITH THE GRAND HYATT. 
          >> THE ANSWER TO THE QUESTION, YES, OBVIOUSLY THAT DEPENDS ON NEGOTIATING, YES, THAT'S CONCEIVABLE, AND WE HAVE DONE THAT IN PREVIOUS AGREEMENTS. 
          >> ALL RIGHT. THANK YOU, ANDY, THANK YOU, MAYOR. 
          >> MAYOR JONES: THANK YOU, COUNCILWOMAN, I WANTED TO GIVE THE SPURS AN OPPORTUNITY TO PROVIDE RESPONSE TO THE -- OR MAYBE EVEN ERIC, THE RESPONSE O THE CONNECTION BETWEEN CSL AND 
          STREET. DID WE KNOW THAT PRIOR? >> YEAH. 
          BEN WILL ADDRESS THAT, MAYOR, HE WAS GETTING READY TO. 
          >> YES, MAYOR, WE WERE AWARE OF THAT. SO THERE IS KIND OF AN ETHICAL WALL BETWEEN THE WORK CSL DOES AND THE OWNERSHIP GROUP, SO THEIR WORK IS NOT -- CAN'T BE SHARED WITH SIXTH STREET GROUP. 
          SO THEY WERE CAPABLE OF PROVIDING AN INDEPENDENT ANALYSIS AND REPORT AND 
          THAT'S WHY WE MOVED FORWARD WITH THEM. >> MAYOR JONES: WAS THERE REASO 
          WE DIDN'T ENTERTAIN OTHERS THAT DIDN'T NEED A WALL BETWEEN THEM? >> THERE WAS PART OF THE WORK WE WERE DOING TO DO THE PREDUE DILIGENCE ON THE DISTRICT TO SEE WHAT 
          [07:15:02]
WAS FEASIBLE. A LOT OF THAT WAS AROUND REVENUE PROJECTIONS, SO WHAT DOES THE HOT TAX LOOK LIKE. FEASIBILITY FOR CONVENTION CENTER EXPANSION, WHAT DO WE NEED TO DO. 
          AS WE ENGAGED THEM TO DO THAT WORK, THEY ALSO DO ECONOMIC IMPACT ANAL ANALYSIS, WORK FOR CI CITIES AND TEAMS, IT SEEMS TO FIT IN, SOMETHING WE COULD GET DONE MORE TIMELY. SO WE MOVED FORWARD IN 
          THAT DIRECTION. >> THE OTHER PART IS CSL DID NOT DO THE ARENA PORTION OF THIS, THAT WAS DONE BY MR. STONE, SO THAT'S ANOTHER 
          COMPONENT OF THIS. >> MAYOR JONES: UNDERSTOOD. THAT'S ACTUALLY A CONCERN OF MINE. AGAIN, THEY JUST REV REVIEWED THE SUMMARY FINFINDINGS OF SOMEBODY ELSE'S ANALYSIS. COUNCILMEMBER CASTILLO. 
          >> THANK YOU. I WANT TO THANK THE TEAM FOR PUTTING THIS TOGETHER. IT CLEANED UP A LOT OF MY NOTIONS ABOUT THE PROJECT, BUT I WANT TO JUMP RIGHT INTO THE COMMUNITY ENGAGEMENT PROCESS. WHEN IT CAME TO DISTRICT 2 RESIDENTS, THEY HAD A LOT TO SAY WHEN IT CAME TO THIS CONDUCTED BY ABLE CITY, AND I WOULD HAVE EXPECTED A MORE THOROUGH AND INTENTIONAL PROCESS FOR SOMETHING IN DISCUSSION FOR A LONG TIME. AND I UNDERSTAND THE FRUSTRATION OF THE RESIDENTS BECAUSE ALTHOUGH THE STAFF TOOK SOME TIME OR YEARS OF DISCUSSION, IT SEEMS WHEN IT BECAME PUBLIC, ALL OF A SUDDEN IT HAS TO GET RUSHED TO AN ELECTION. 
          OUR COMMUNITY ENGAGEMENT REPORTS LISTED IT HAD 237 TOTAL ENGAGEMENTS, NOT 237 PARTICIPATED BUT SIGN-INS AT THE DIFFERENT BREAK OUTG OUTGROUPS, AND THE LI LIKELY ATT ATTENDANCE IS L LOWER, IF NOT HALF. 
          SO THESE LACKED THE ATTENDANCE GOALS WE WOULD EXPECT FOR A PRODUCT OF MAG TUESDAY AND LEVEL OF SIGNIFICANCE IN OUR CI CITY, AND THE FACILITATION OFFERED AT THE FIRST EAST SIDE ME MEETING LACKED THE CONTEXT OF EASTSIDE AND HISTORY WITH SPORTS ARENAS, AND WHEN THEY RAISED THE FRUSTRATION AROUND THE MEETING, THEY WERE DISMISSED AND IT GREW. WE WITNESSED FOLKS LEAVE DISAPPOINTED AND D DISRESPECTED. THE SECOND MEETING WAS SUCCESSFUL WITH A LOT MORE CITY STAFF IN ATTENDANCE TO OFFER CONTEXT AND ANSWER QUESTIONS, SO I'M GLAD WE MOBILIZED TO HOST A SECOND MEETING MORE FOCUSED ON THE MISSED OPPORTUNITIES WITHIN THE EAST SIDE, AND UNFORTUNATELY, A LOT OF PEOPLE IN THE FIRST ME MEETING NEVER RETURNED FOR THE SECOND. ALSO, IT'S NOT CLEAR WHAT WILL COME OF THE DATA COLLECTED. WHAT IS THE PLAN TO R RESOLVE THE CONCERNS THAT WE RAISED LIKE AFFORDABLE HOUSING, INFRASTRUCTURE REPAIR. OVERALL, OUR DISTRICT 2 RESIDENTS WERE EXPECTING OPPORTUNITY TO PUSH BACK ON SPURS ARENA DISTRICT, BUT INSTEAD, IT SEEMED ABLE CITY WAS PUSHING RESIDENTS TO GET IN LINE WITH THE NEW ARENA DEAL, AND IT MAY NOT HAVE BEEN THE INTENTION, BUT THE INTENTION WAS CERTAINLY DIFFERENT THAN THE IMPACT. AND I KNOW NOT ALL OF OUR DISTRICT 2 RESIDENTS ARE READY TO MOVE TOWARD FROM THE PAST AN SIMPLY MOVE INTO ANOTHER DEAL, AND THEY'VE NOT GOTTEN OVER TWO VERY PUBLIC AND FAILED SPORTS ARENAS IN DISTRICT 2, AND BY FAILED I MEAN ECONOMIC ANALYSES THAT INCREASED ECONOMIC INV INVESTMENT AND PROSPERITY WERE WRONG. SO HOW DO WE MAKE SURE THIS DOESN'T HAPPEN AGAIN. 
          AND I WANT TO JUMP INTO THE ECONOMIC ANALYSIS OF THE SPORTS AND ENTERTAINMENT DISTRICT, AND AS MANY OF YOU KNOW, I WORK FOR THRIVE CENTER BUT I'M ON LEAVE FOR THIS CENTER, AND AT THRIVE, WE SUPPORT LGBTQ YOUTH WHO ARE HOMELESS. 
          SO I WANT TO SEE THAT WE CREATE SOCIAL AND ECONOMIC OPPORTUNITIES FOR ALL SAN ANTONIO FAMILIES. AND WHEN WE TALK ABOUT IMPACT IT'S GREAT  TO HERE HOW MANY TOURISTS ARE COMING HERE AND HOW MANY DINNERS THEY PURCHASE BUT I'D RATHER SPEND TIME THE WORKERS, WHO BUILD OUR CITY AND KEEP OUR DOWNTOWN RUNNING HAVE DECENT WAGES, HEALTHCARE, PAID SICK LEAVE, BENEFITS. THAT WAY WE CAN SUSTAIN OUR FAMILIES AND OUR COMMU COMMUNITIES. AND THEN I DID HAVE A FEW QUESTIONS FROM A FEW FOLKS IN THE CROWD, LIKE WHAT IS THE AVERAGE WAGE OF OUR DOWNTOWN RESTAURANT WORKERS OR HOSPITALITY WORKERS, WH WHAT PERCENT OF THEM MAKE ENOUGH MONEY TO LIVE DOWNTOWN, AND I WANT TO E ECHO COUNCILWOMAN CASTILLO ON P PAYING THEM LIVABLE WAGES. AND THEN WHAT PERCENTAGE OF WAITERS CAN AFFORD TO LIVE DOWNTOWN AT INSPIRE OR 300 MAIN OR ANY NEW DEVELOPMENT DOWNTOWN REPLACING OUR 
          [07:20:07]
AFFORDABLE HOUSING STOCK. THE SAME PEOPLE SAYING WE'LL SUFFER ARE THE SAME FOLKS ADVOCATING AGAINST BETTER WORKING CONDITIONS.  I LOOKED IT UP ON SKILL LOW, AND IT SAYS 2 BEDROOMS AND 2 BATBATHROOM IS $5,000, AND SOMEONE SHOULD MAKE 15,000 A MONTH, AND THAT'S 180,000 A YEAR BEFORE TAXES; RIGHT? AND SO THIS IS WHAT OUR HOSPITALITY WORKERS ARE MA MAKING TO SUPPORT FAMILIES? AND AGAIN, CAN WE ADD LIVING WAGES, PAID SICK LEAVE, AND ENSURE TIPPED EMPLOYEES GET WAGES AND CAN WE SUPPORT UNIONS WHERE THEY EXIST AND ADD UNIONIZED HOTELS TO OUR NEGOTIABLES. 
          THE WORKING ONES DOWNTOWN ARE THE ONES WHO PAY PROPERTY TAXES, SALES TAXES, AND HELP OUR CITY GROW SUSTASUSTAINABLY, AND IF THEY P LIVABLE WAGES, THEN THE MONEY MULTIPLIES IN THE LOCAL NEIGHBORHOODS AND IT HELPS KEEP THE GENERAL FUND GROWING THROUGH PROPERTY AND SALES TAX; RIGHT?  AND SO I'D RATHER SLOW THE NEGOTIATION PROCESS TO BRING DOWNTOWN HOSPITALITY WORK FORCE UP TO LIVABLE WAGES, AND IF WE'RE LOOKING FOR A TRANSFORMATIONAL DOWNTOWN, THIS IS ONE THAT WILL BE LIKE ONE NONE OTHER BEFORE OUR TIME. AND THESE ARE UNPRECEDENTED TIMES, NOT JUST POLITICALLY BUT ON SAN ANTONIOIAN STREETS, AND AT CASH REGISTERS OF SMALL BUSI BUSINESSES, THIS IS AN OPPORTUNITY TO DO SOMETHING TRANSFORMATIONAL AND EQUITABLE FOR SAN ANTONIO. I HEARD FROM FOLKS ABOUT NEED FOR RACIAL EQUITY ANALYSIS AND ENVIRONMENTAL ANALYSIS, AND I'D LIKE TO EXPAND ON THIS A BIT. SO WHEN THE ECONOMIC STUDY CLAIMS A $300 MILLION ECONOMIC IMPACT, WHO BENEFITS? HIGH EQUITY AREAS? LOW EQUITY. ARE WE REDUCING SEGREGATION WITHIN CITIES OR ADDING TO THIS OF RESIDENTS I DON'T THINK WE KNOW THE ANSWER. 
          WE HAVEN'T DONE AN ANALYSIS. THIS LIKELY TELLS US RECIPIENTS FROM THIS DEAL. 
          I HOPE THE SPURS COMES FROM THE PLACE OF RECIPIENTS, TIME AND TIME AGAIN, THE SAME FOLKS CONTINUE TO BENEFIT -- BANKS, REAL ESTATE DEVELOPERS, REALTORS, AND OUT OF TOWN MILLIONAIRES. LET'S SEE. SO, CAN WE COMMIT TO CONDUCTING THESE ANALYSIS BEFORE WE MOVE FORWARD? THIS IS A REQUEST I'D LIKE TO MAKE TO OUR CITY MANAGER AND MAYOR. AND I HOPE MY COLLEAGUES WILL SUPPORT THIS. AND ADDITIONALLY, I AM REALLY CURIOUS ABOUT THE ASSUMPTION ON -- I THINK IT WAS PAGE 14 OF THE ECONOMIC ANALYSIS WHERE IT STATES WE DO NOT ASSUME ANY DEVELOPMENT EAST OF I-37 AROUND THE ALAMO DOME. SO, HAVE WE DONE A DISPLACEMENT IMPACT ANALYSIS? BECAUSE IF I RECALL CORRECTLY, I THINK IT WAS COUNCILMEMBER VIAGRAN AND COUNCILMAN RODRIGUES WHO COSPONSORED THE POLICY AHEAD OF HOUSING PROJECTS THAT RECEIVE PUBLIC MONEY. SO I THINK IT IS -- APPROPRIATE TO ASSESS THIS IMPACT AND TO INCLUDE AN ANALYSIS OF CURRENT AND POTENTIAL FUTURE ENCROACHMENT OF CH SHORT-TERM RENTALS IN NEARBY NEIGHBORHOODS. SO, AGAIN, MY ASK, CAN WE CONDUCT THESE ANALYSES BEFORE MOVING FORWARD? AND I BELIEVE I'LL STOP THERE. AND IF I HAVE ANYTHING ELSE TO 
          ADD, I'LL USE MY SECOND ROUND. THANK YOU. >> SO, COUNCILMAN, THE REFERENCT DURING HIS PRESENTATION. HE JUST MADE NO ASSUMPTIONS ABOUT ADDITIONAL DEVELOPMENT THAT WOULD OCCUR EAST OF I-37. IN THE ORIGINAL CONCEPT, WE ARE CONTEMPLATING AT SOME POINT IN THE FUTURE DEVELOPMENT ON THE SURFACE PARKING LOTS OF THE ALAMO DOME. 
          SO WHERE THERE ARE NO RESIDENTS THERE NOW. SO WE'VE NOT DONE ANY SORT OF ANALYSIS, NOR REALLY ANY SKETCHING ABOVE AND BEYOND ON THOSE PROPERTIES. 
          BUT THEY ARE -- WE WANTED HIM TO NOT TAKE INTO ACCOUNT DEVELOPMENT OF THOSE PARKING LOTS, BECAUSE THAT'S FURTHER OUT IN THE MODEL. AND CERTAINLY WE HAVEN'T DONE THE NECESSARY DUE DILIGENCE TO CONTEMPLATE THAT BEYOND JUST THE THOUGHTS OF WHAT WE COULD DO THERE. CONCEPTUALLY, IT IS HOUSING AND POTENTIALLY PARKING STRUCTURES 
          [07:25:06]
AND CONCEPTUALLY, RETAIL. BUT BEYOND THAT, WE HAVEN'T DONE ANYTHING. 
          WE DIDN'T WANT HIM TO INCLUDE THAT AND INFLATE ANYTHING. >> THANK YOU. 
          >> MAYOR JONES: COUNCILMAN MUNGIA. >> MUNGIA: THE SPURS WILL INVEST ANOTHER $900 MILLION IN DEVELOPMENT BY 2042. IS THAT CORRECT, ARE THOSE 
          CORRECT NUMBERS? >> COUNCILMAN, THAT IS CORRECT. BUT THAT IS THE SPURS PARTNERING 
          WITH A DEVELOPMENT PARTNER OR PARTNERS TO GET THAT DONE. >> MUNGIA: IF THEY DON'T MAKE THE 3,500,000,000 BY 2031 OR THE ADDITIONAL 900 900 MILLION BY 2, WHAT HAPPENS? 
          >> THE $500 MILLION APPROXIMATELY $500 MILLION TO GET A DEVELOPER ON BOARD TO CREATE THAT MASTER PLAN -- DEVELOPMENT PLAN, THAT PIECE MUST BE DESIGNED AND READY TO GO AND PROCEED AT THE SAME TIME AS THE ARENA. SO IF IT CAN'T MOVE FORWARD THEN WE DON'T DO THE ARENA FINANCING. IT'S A CONDITION TO OUR BOND FINANCING. 
          THAT ENSURES THE FIRST PHASE OF DEVELOPMENT, THE $500 MILLION OF TAXABLE VALUE IS GOING TO GO IN AT THE SAME TIME AS THE ARENA. THE SECOND PHASE, THAT TEN-YEAR PERIOD WHERE THAT OTHER $900 MILLION WOULD GO IN, THE FIRST THING IS THEY'RE GOING TO GUARANTEE REVENUE PROJECTIONS OFF OF THAT 1.4 BILLION. TO THE EXTENT IT DOESN'T COME IN THAT'S ONE. 
          THEY WOULD HAVE TO PAY THE DIFFERENCE, EITHER THEM OR THE DEVELOPER OR BOTH. 
          WE WANT TO WORK INTO OUR DEVELOPMENT AGREEMENT WHAT DO THOSE REMEDIES LOOK LIKE. 
          WE'RE REALLY NOT AS MUCH FOCUSED ON THE INCREMENT FROM THAT DEVELOPMENT. 
          CERTAINLY IMPORTANT TO SUPPORT THE BOND ISSUE. HELPS LIMIT OUR RISK. 
          BUT AT THE END OF THE DAY WE WANT TO SEE THE DEVELOPMENT HAPPEN. 
          THAT'S SOMETHING WE'RE GOING TO HAVE TO WORK ON AND NEGOTIATE IN THE DEFINITIVE AGREEMENT. 
          >> MUNGIA: RIGHT. WITH THAT -- I UNDERSTAND THAT'S HELPING US PAY DOWN THE DEBT THAT WE'RE TAKING TO DO THIS. IS THERE A SCENARIO WHERE WE DON'T GET PAYMENT FOR THE DEBT 
          FROM THE SPURS? >> FROM THE DEVELOPMENT ITSELF? >> MUNGIA: YEAH. 
          >> NO. WE'RE GOING TO WORK IN A GUARANTEE THAT HAS A CREDIT WORTHY ENTITY THERE IN ADDITION TO -- THERE'S GOING TO BE A GUARANTEE ON THE PROJECTED REVENUE WE'RE ASSUMING DAY ONE. WE SAID THERE WAS $1.4 BILLION OF TAXABLE VALUE GOING OVER THAT 12-YEAR PERIOD. WE'RE GOING TO CALCULATE THE TAXES, CREATE THE SCHEDULE. 
          THIS IS THE GUARANTEE. IF IT DOESN'T HAPPEN OR IT DOESN'T COME IN THE SECOND PHASE, IT'S LESS. THEY'RE GOING TO HAVE TO PAY THE DIFFERENCE UNTIL IT DOES. 
          >> MUNGIA: SO THERE'S NO SCENARIO WHERE THE CITY IS PAYING THAT DEBT FOR THEM. 
          >> THE ONLY THING, COUNCILMAN, THAT WE'RE PLEDGING UNDER THE STRUCTURE THAT WE PROPOSED ARE THOSE REVENUE SOURCES I WENT OVER -- THE ARENA LEASE, THE PROPERTY TAX INCREMENT FROM THE TIRZ, THE GROUND LEASES, AND THE PROJECT FINANCE ZONE REVENUES. THAT IS ALL WE ARE LEGALLY 
          PLEDGING TO THAT BOND ISSUANCE. >> COUNCILMAN, JUST ONE THING TO ADD. 
          WE NEED TO DRAFT LANGUAGE ABOUT WHAT WE'RE TALKING ABOUT. THAT NEEDS TO BE IN A TERM SHEET. IT NEEDS TO BE CONTRACTUAL. IT NEEDS TO BE CLEAR. 
          AND THAT STILL NEEDS TO BE DONE. >> THAT'S CORRECT. >> MUNGIA: THANK YOU FOR THAT CLARIFICATION. AND GOING ALONG WITH THE CURRENT STRUCTURE THAT YOU'RE NEGOTIATING, CAN YOU TELL ME ABOUT WHAT RISK THE CITY HAS? OF THE THREE PARTIES ASSOCIATED, THE CITY, COUNTY, AND SPURS, WHO IS ABSORBING THE MOST RISK IN THIS SITUATION? 
          >> AS IT RELATES TO THE ARENA PROJECT ITSELF? >> MUNGIA: YEAH. 
          >> I MEAN, Y UNDER THIS STRUCTUE WE'VE ASKED THE SPURS TO TAKE ON A LOT OF THAT RISK BY TAKING ON COST OVERRUNS FOR THE ARENA PROJECT. ONCE THE BUDGET IS SET, OUR CONTRIBUTION IS SET, IF THERE'S AN OVERRUN, THEY WILL BE CONTRACTUALLY OBLIGATED TO COVER THAT AND DELIVER THE ARENA PROJECT. THEY'RE GOING TO BE CONTRACTUALLY OBLIGATED TO GET A DEVELOPDEVELOPMENT PARTNER OR PS TO CREATE THE TAXABLE VALUE, TO INCLUDE THAT FIRST INSTALLMENT OF HALF A BILLION. WE'RE GOING TO ASK THEM TO TAKE THE RISK OF OPERATING THE ARENA. ALL THE COSTS ASSOCIATED WITH THAT, ANNUAL MAINTENANCE, TO THE EXTENT THERE'S A LOSS, THAT WILL BE THEIRS TO DEAL WITH. SO WE'VE TRIED TO, UNDER THIS 
          [07:30:05]
STRUCTURE, PROTECT THE CITY, PROTECT THE TAXPAYERS AS MUCH AS WE CAN AND MITIGATE OUR RISK. 
          TWO OF THE THINGS WE HEAR A LOT ABOUT WHEN YOU LOOK AT THESE DEALS IS ONE, AS A TAXPAYER, I DON'T WANT TO BE RESPONSIBLE FOR PAYING FOR THE ARENA. SO WE TRIED TO CREATE A STRUCTURE USING SOURCES THAT DON'T HAVE THAT HAPPEN AND MITIGATE OUR RISK. 
          THE SECOND THING WE HEAR A LOT IS THE DEVELOPMENT'S SUPPOSED TO HAPPEN BUT IT DOESN'T. 
          WE'RE GOING TO CONTRACTUALLY REQUIRE IT TO HAPPEN. >> MUNGIA: GOTCHA. 
          AND SINCE YOU'RE UP HERE, BEN, SINCE PART OF THIS DEAL UTILIZES TIRZ FOR THIS PROJECT, ARE THEY SUBJECT TO A DIA DISPLACEMENT IMPACT ASSESSMENT? I THOUGHT THAT WAS A REQUIREMENT 
          OF TIRZ PROJECTS. >> UH . . . >> COUNCILMAN, A DIA? 
          >> MUNGIA: DISPLACEMENT IMPACT ASSESSMENT. >> I'M SORRY. 
          LORI'S THE BEST PERSON TO ANSWER THAT QUESTION, SO. >> YES. 
          THEY WOULD BE SUBJECT TO AN EQUITY ASSESSMENT. BUT THAT IS FOR COUNCIL TO CONSIDER. AND SO WHEN  WE DO EQUITY CEMENN ASSESSMENTSON ALL OF OUR PROJECT 
          RECEIVE CITY FUNDING. >> MUNGIA: WHEN WOULD WE SEE THOSE REPORTS? 
          >> AS WE GO THROUGH EACH PROJECT. >> MUNGIA: THE STADIUM WILL 
          HAVE TWO REPORTS TO GIVE US. >> YES, BUT THE ISSUE HERE IN HEMISFAIR IS YOU'RE NOT DISPLACING ANYONE. THERE IS NO ONE BEING DISPLACED IN THE PROJECT. 
          >> MUNGIA: YEAH. I THINK STILL HAVING THAT ON PAPER IS SOMETHING. 
          AND ALSO TALKING TO THE APPRAISAL DISTRICT ABOUT POTENTIAL IMPACT ON PROPERTY TAXES AROUND THAT AREA IS IMPORTANT. WE'VE LOOKED AT THAT ON OTHER PROJECTS BEFORE. THAT'S THAT LETTER WE GOT FROM WHICH COULD HELP INFORM A CBA THAT WE EVENTUALLY WORK OUT AS FAR AS PROPERTY TAX PROTECTION ON SOME OF THOSE AREAS, ESPECIALLY VULNERABLE AREAS. THANK YOU. 
          LET'S SEE HERE. SO, I HAVE A QUESTION FOR MR. BOBBY PEREZ, IF YOU COULD COME UP. I THINK YOU'VE ANSWERED THIS A COUPLE TIMES, BUT ONE OF MY QUESTIONS I WANT YOU TO ANSWER IT. IF THE -- AS WE'RE GOING WITH THIS DEAL THAT WE'RE TALKING ABOUT THAT YOU'VE BEEN WORKING ON WITH THE CITY, IF THE COUNTY PROPOSITION FAILS INAI NOVEMBER, THIS DEAL AS YOU ARE WORKING WITH THE CITY WILL FAIL? 
          IS THAT CORRECT? >> WE DON'T SEE HOW IT MAKES, YES. 
          WE NEED VOTERS TO PASS THE PROPOSITION. THAT IS CORRECT. 
          >> MUNGIA: SO THE VOTE IN NOVEMBER, ALTHOUGH SEPARATE ENTITY, SEPARATE FINANCING, THE PASSAGE OF THAT IS CONTINGENT ON THIS CURRENT DEAL WE'RE WORKING ON WITH YOU. 
          >> YES. I WOULD EXPECT IN THE LOI IT WILL SAY THE CITY'S 
          PARTICIPATION IS CONTINGENT UPON A NOVEMBER PASSAGE OF THE COUNT- >> MUNGIA: SO ESSENTIALLY, VOTERS WILL HAVE SOME SORT OF SAY ON THAT, IF IT'S IN THE LOI AHEAD OF THE ELECTION. 
          >> THAT IS CORRECT. >> MUNGIA: OKAY. THANK YOU FOR THAT. 
          SO, I THINK THAT'S A REALLY IMPORTANT NOTE FOR ME TO HAVE FOR RESIDENTS. 
          DID YOU WANT TO ADD SOMETHING? >> COUNCILMAN, I WANT TO ADD ONE PIECE TO THAT. 
          AND WE'RE TALKING ABOUT THIS STRUCTURE. WE'VE GOT A FINANCING STRUCTURE IN PLACE THAT WE THINK WORKS, OR CAN WORK. WE NEED TO NEGOTIATE LANGUAGE IN A NONBINDING TERM SHEET. THAT TERM SHEET WILL STILL BE NONBINDING. 
          AT THE END OF THE DAY, WE'RE STILL GOING TO HAVE TO -- ASSUMING WE GET TO AN AGREED TERM SHEET THAT'S NONBINDING, AFTER THAT YOU WOULD THEN HAVE TO NEGOTIATE ALL THE DEFINITIVE AGREEMENTS THAT GO WITH THAT. I THINK THE CITY MANAGER HAD A SLIDE, THE PRESENTATION TWO WEEKS AGO THAT LISTED SOME OF THOSE. BUT ALL OF THAT WOULD NEED TO BE NEGOTIATED. I WANT TO MAKE THAT POINT. THAT STILL NEEDS TO BE DONE. 
          >> MUNGIA: YEAH. AND YOUR TIMELINE IS TO HAVE THAT DONE BY WHEN, YOUR 
          RECOMMENDATION? >> THE DEFINITIVE AGREEMENTS WE PROBABLY WOULDN'T START UNTIL 
          AFTER THE NOVEMBER ELECTION. >> MUNGIA: MHMM. AND IN YOUR ASSESSMENT, WHAT WOULD YOU YOU WANT, IN YOUR POSITION, TO HAVE IN PLACE AHEAD OF NOVEMBER? 
          >> ESSENTIALLY, IF THE GOAL IS TO MOVE FORWARD, WE NEED TO GET THE NONBINDING LANGUAGE NEGOTIATED. THAT'S GOING TO SET THE FRAMEWORK FOR THE DEFINITIVE 
          AGREEMENTS. >> MUNGIA: RIGHT. TECHNICALLY, THERE IS ROOM WITH YOUR PROJECTIONS ON THE PFZ TO CONTRIBUTE MORE INTO THIS PROJECT. 
          BUT WE'RE WANTING TO DO WORK WITH THE REST OF THAT PFZ ON THE DOME AND CONVENTION CENTER. 
          [07:35:06]
          >> ABSOLUTELY. WE'VE GOT OUR OWN FACILITIES WE WANT TO MAKE SURE WE'RE DEALING WITH. MR. KATZ TALKED ABOUT THE EXPANSION, FEASIBILITY STUDY WITH THE CONVENTION CENTER. WE WANT TO MAKE SURE WE'VE GOT FUNDING IN PLACE TO DO THE EXPANSION OF THE CONVENTION CENTER. THE ALAMO DOME, THOSE ARE 
          IMPORTANT ASSETS WE NEED TO INVEST IN. >> MUNGIA: MY CONCERN ON THAT IS IF THERE'S SOMETHING NOT IN PLACE AHEAD OF THE ELECTION -- NUMBER ONE, SO VOTERS KNOW WHAT THE FULL SCOPE LOOKS LIKE. NUMBER TWO, IF THAT'S NOT ALREADY OUTLINED AND THAT PROPOSITION FAILS BY THE VOTERS, THE SPURS WILL SAY NOW THAT THAT FAILED, YOU DO HAVE MORE THAT WE COULD TAP INTO. AND IF WE DON'T HAVE THAT ARRANGEMENT ALREADY MADE WITH OUR CAP OF THE 500 MILLION, THAT PUTS US IN A DIFFERENT POSITION, I WOULD ASSUME? 
          >> RIGHT. ESSENTIALLY, WE TALKED ABOUT IF WE'RE MOVING FORWARD, THE TERM SHEET WOULD BE DONE AND WE WOULD BRING THAT BACK TO YOU SOMETIME LATER THIS MONTH, ASSUMING WE COULD REACH AGREEMENT ON THE LANGUAGE IN THAT NONBINDING TERM SHEET. 
          WE'VE FOCUSED MORE ON THE ARENA TO DATE. WE TALKED ABOUT THE CONVENTION CENTER. WE'VE SET THAT PROJECT BUDGET AT $750 MILLION. 
          THE ALAMO DOME, WE'VE MADE AN ASSUMPTION OF $100 MILLION INVESTMENT OVER THE NEXT TEN YEARS TO FOCUS ON MAKING SURE THAT IT CONTINUES TO OPERATE AND ATTRACT THE KIND OF EVENTS IT HAS BEEN DOING. BEEN DOING WELL IN TERMS OF MAJOR CONCERTS. 
          WE WANT TO MAKE SURE THAT CONTINUES. AND DURING THAT TEN-YEAR TIMEFRAME, TO THE EXTENT -- HOPEFULLY OUR PROJECTIONS ARE MODERATELY CONSERVATIVE. 
          WE'RE ABLE TO DO A LITTLE BIT BETTER. IF THERE'S AN OPPORTUNITY TO MAKE SMALLER INVESTMENTS IN THE DOME THAT HAVE AN ROI IN TERMS OF EITHER THE WAY IT PERFORMS FINANCIALLY OR FAN EXPERIENCE, OR BOTH, THAT WE WOULD CONSIDER THOSE. 
          AND THEN WE WOULD BE LOOKING AT THOSE FROM THE PERSPECTIVE OF MAKING SURE IT'S NOT A STRANDED INVESTMENT. SO IF THE CITY DECIDES TO MOVE FORWARD WITH A LARGER PROJECT WITH THE DOME 10-15 YEARS FROM NOW THAT WE HAVEN'T DONE A STRANDED INVESTMENT. 
          WE WANT TO BE CAREFUL WITH THAT AS WELL. >> MUNGIA: THAT'S AN IMPORTANT CONSIDERATION TO MAKE. TO START BASING EVALUATING LANGUAGE, I WOULD LIKE TO SEE THAT AT THE END OF THE MONTH, AN LOI, A DRAFT TERM SHEET THAT WE'RE LOOKING AT THE LANGUAGE AND I CAN ASK YOU QUESTIONS THAT YOU CAN SAY IS OR IS NOT IN THAT NEGOTIATION. 
          AND I HOPE THAT THIS PROCESS SO FAR, AND THE LACK OF -- SUBSTANTIAL AMOUNT OF TIME WITH PUBLIC INPUT IS INFORMING US IN THE FUTURE WHEN WE DECIDE TO WORK ON THE INVESTMENT AT THE ALAMO DOME. THAT'S GOING TO BE A SEPARATE CATEGORY, A SEPARATE PUBLIC INPUT, INFORMED BY THIS. BUT BASED ON THE FEEDBACK YOU'VE HEARD, WE SHOULD BE STARTING THAT CONVERSATION A YEAR OR TWO OUT. A LOT OF PUBLIC INPUT MEETINGS, A LOT OF COMMUNITY INPUT ON THAT AS WELL. AND HOPE MAYBE BY THEN THERE'D BE A DIFFERENT CCR AND CBAS TO INFORM THAT PROJECT, ALSO. BUT, THANK YOU FOR THAT. 
          THAT'S ALL FOR NOW. >> MAYOR JONES: BEFORE WE START THE SECOND ROUND OF QUESTIONS, MR. PEREZ -- OH. MY ALARM. GOT TO GO TO SLEEP. 
          RESTRICTIONS ON WHAT AN NBA TEAM CAN DO PER THE NBA. IS THE NBA RESTRICTING YOUR 
          ABILITY TO ENGAGE IN REVENUE-SHARING? >> NO, MAYOR. 
          IT'S NOT FINANCIALLY FEASIBLE UNDER THIS STRUCTURE. >> MAYOR JONES: OKAY. 
          THANK YOU. ANY CSL . . . WHERE DID IT GO. IT INFORMS THE SECOND ROUND OF QUESTIONS. HAVE YOU EVER RECOMMENDED,  FORA CLIENT OR ANYBODY THAT YOU'VE 
          WORKED FOR, THAT THEY NOT BUILD OR EXPAND? >> IT'S UNUSUAL TO COME AND SAY THE CONCEPTS YOU WERE ORIGINALLY THINKING MAKE ZERO SENSE. BUT THERE ARE CASES -- I'M THINKING OF MIAMI BEACH, INTERNATIONAL DESTINATION. THEY HAVE A CONVENTION CENTER THAT'S ABOUT A QUARTER THE SIZE OF ORLANDO. THEIR CONVENTION AND VISITOR BUREAU AND MANAGEMENT TEAM THOUGHT WE NEEDED DOUBLE. WE SAID, WE NEED TO ADD ZERO SPACE. YOU NEED TO ADD A BALLROOM AND MEETING SPACE. 
          SO THAT'S JUST AN EXAMPLE OF GOING INTO A MARKET AND FINDING AN OPPORTUNITY WITH RESPECT TO MARKET DEMAND UNIQUE TO THEM THAT SAYS NO, YOU DON'T NEED A MUCH LARGER BUILDING, AS AN 
          [07:40:03]
          EXAMPLE. >> MAYOR JONES: SORRY. FOR THE SECOND ROUND, COUNCILMEMBER KAUR. WE'LL COME BACK TO HER. COUNCILMEMBER WHYTE. 
          COUNCILMEMBER CASTILLO. >> CASTILLO: THANK YOU, MAYOR. A COUPLE OF DIFFERENT MOVING PIECES. IN TERMS OF THE CONVERSATION OF COMMUNITY DISPLACEMENT, FOLKS HIT ON IT DURING PUBLIC COMMENT IN TERMS OF INDIRECT DISPLACEMENT AND THE TIRZ POLICY CALLS FOR ANALYSIS OF INDIRECT DISPLACEMENT. THAT IS SOMETHING I LOOK FORWARD TO SEEING, BECAUSE WE KNOW WHEN THERE IS HIGH CONCENTRATIONS OF INVESTMENT IN PUBLIC SPACES LIKE HEMISFAIR PARK, IT IS A NEIGHBORHOOD DESTABILIZER AND DOES INCREASE PROPERTY TAXES, RESULTING IN COMMUNITY DISPLACEMENT. WITH THAT BEING SAID, AS WELL AS COUNCIL DISCUSSES PROJECT MARBLE AS A WHOLE AND THE COMPONENTS THAT THE SPURS HAVE COMMITTED TO REDEVELOPING. ERIC, WHEN CAN COUNCIL EXPECT TO WEIGH IN IN TERMS OF IF THERE'S A HOUSING PROJECT, WHAT AFFORDABILITY LOOKS LIKE? AND I ASK THAT QUESTION BECAUSE WHEN WE LOOK AT THE TIRZ TO SUPPORT HOUSING DEVELOPMENT DOWNTOWN, IT'S OFTEN LUXURY MARKET-RATE HOUSING. I WANT TO BE SURE WE ARE BUILDING A SPORTS DISTRICT THAT'S ACCESSIBLE TO FOLKS AT ALL INCOME LEVELS AND NOT JUST FOLKS THAT CAN AFFORD 
          MARKET-RATE HOUSING. >> WALSH: THERE'S TWO ANSWERS TO THAT QUESTION. 
          THERE IS THE DETAILS BEHIND THE POTENTIAL DEVELOPMENT THAT OCCURS ON HEMISFAIR PARK THAT WE'RE TALKING ABOUT, BUT THEN THERE'S ALSO THE SURROUNDING AREA WITHIN THE IMMEDIATE AREA, SOME OF WHICH THE CITY STILL HAS UNDER CONTROL AND IS NOT SUBJECT TO WHAT CONVERSATIONS WE WOULD BE HAVING WITH THE SPURS. AND I THINK IT WAS ONE OF THE MAJOR TAKEAWAYS THAT CAME OUT OF MR. PEÑA'S PRESENTATION AND THE COMMUNITY ENGAGEMENT WAS A LARGER CONVERSATION ABOUT, FOR INSTANCE, UTILIZING THE GREEN AND SILVER LINE AND THE TOD ANALYSIS THAT -- I'M SORRY, MASTER PLAN THAT THE COUNCIL APPROVED EARLIER IN THE YEAR. SO, I THINK WHEN WE TALK ABOUT AFFORDABLE HOUSING, AND AFFORDABLILITY IN THAT AREA, ITS BEYOND HEMISFAIR PARK. 
          IT'S THE ENTIRE AREA OF DOWNTOWN. >> MAYOR JONES: THANK YOU, ERIC. I WANTED TO BE SURE THAT I REAFFIRM COMMUNITY'S PRIORITIES IN TERMS OF NOT JUST WHAT THEY'VE EXPRESSED AT THE ABLE CITY CONVERSATION, BUT AT NEIGHBORHOOD ASSOCIATIONS AND FOLKS CALLING OUR FIELD OFFICE. AND IT CONTINUES TO BE CONSISTENT, WHAT WE SEE IN THE BUDGET SURVEY, WHICH IS A PRIORITY AND NEED TO INVEST IN DEEPLY AFFORDABLE HOUSING AS WELL AS HOMELESS SERVICES, INFRASTRUCTURE, AND THEN I SEE VIA IN THE BACK. TRANSPORTATION CONTINUES TO BE A PRIORITY. 
          SO IN TERMS OF AS COUNCIL DISCUSSES WHAT THE STRUCTURE LOOKS LIKE FOR A CBA COMMITTEE AND WHAT THAT BREAKDOWN LOOKS LIKE, THAT'S WHAT I'M CONTINUING TO HEAR FROM DISTRICT 5 RESIDENTS. LASTLY, A QUICK GOOGLE SEARCH. IF YOU LOOK AT THE STAFF FOR BOTH LEKLEDGLEGEND AND CSL, THEE STAFF. I'M TRYING TO UNDERSTAND THE 
          WALL WHEN THEY WORK FOR BOTH. >> I FORGOT TO MENTION, I THINK THE COUNCIL TALKED ABOUT THIS EARLIER IN THE YEAR AS IT RELATES TO POTENTIALLY A BOND ELECTION. 
          PART OF WHAT THE COUNCIL TALKED ABOUT AT THAT TIME WAS HOW DO WE POTENTIALLY, SUBJECT TO YOU ALL HAVING A MUCH LARGER CONVERSATION ABOUT INFRASTRUCTURE AND NEEDS. 
          BUT HOW DO WE UTILIZE THAT POTENTIAL BOND TO HELP FILL IN POTENPOTENTIAL AREAS WITHIN THIS REGION OF DOWNTOWN TO ENSURE THAT AFFORDABILITY EXISTS. THAT'S AN ELEMENT WE HAVEN'T GOTTEN INTO. AS WE HAVE A LARGER CONVERSATION ABOUT POTENTIAL MUNICIPAL BOND 
          THAT WE SHOULD HAVE. >> MAYOR JONES: COUNCILMEMBER KAUR. 
          >> KAUR: THANK YOU, MAYOR. I WANTED TO REITERATE A COUPLE OF MY TAKEAWAYS THAT HAVE BEEN ON MY MIND AND THAT I'M HEARING FROM RESIDENTS FROM THE SURVEYS, AND THE COMMUNITY ENGAGEMENT AS WELL AS THE CONVERSATION TODAY. I THINK THE FIRST BIG ONE -- COUNCILMEMBER CASTILLO KIND OF ALLUDED TO IT -- HOW DO WE BUILD A TEAM THAT IS GOING TO OVERSEE THE COMMUNITY BENEFITS AGREEMENT. IT WOULD BE GREAT IF WE COULD DO A PARTNERSHIP WITH THE COUNTY AND SET UP A BOARD OR TASK FORCE REPRESENTATIVE OF COMMUNITY MEMBERS THAT ACTUALLY TAKES LEAD ON FIGURING OUT, BASED ON THE ADDITIONAL COMMUNITY ENGAGEMENT, WHAT ARE THE FOCUS PRIORITY 
          [07:45:01]
AREAS THAT WE WANT TO ADDRESS, WHETHER IT'S EARLY CHILDCARE, WHETHER IT'S SUPPORTING K-12 EDUCATION LIKE WE HEARD FROM SOME OF THE TEACHERS, WHETHER IT'S SUPPORTING TRANSPORTATION AND INFRASTRUCTURE. WHATEVER THAT MAY BE. BUILD A TASK FORCE THAT IS GOING TO OVERSEE THAT INVESTMENT FOR THE CVA. POTENTIALLY THERE'S MAYBE EVEN A LITTLE BIT MORE CBA THAT'S OUT THERE THAT CAN BE USED FOR THIS DEAL AS WELL. 
          THE SECOND THING I WANTED TO REITERATE -- THIS WAS THE CONVERSATION THAT WAS JUST HAPPENING. AS WE LOOK AT WHAT THE CITY BOND IS GOING TO BE, I THINK IT'S REALLY IMPORTANT THAT WE LOOK AT MORE THAN JUST THE INFRASTRUCTURE FOR THIS DISTRICT. INFRASTRUCTURE HAS COME UP SIGNIFICANTLY. 
          SO I THINK WE NEED TO HAVE MONEY SET ASIDE IN THAT BOND FOR INFRASTRUCTURE FOR NEIGHBORHOOD, COMPLETE STREETS, BIKE LANES. THAT NEEDS TO BE CONSIDERED ALONG WITH INFRASTRUCTURE FOR THIS DISTRICT AND A HOUSING BOND. SO, LIKE WE MENTIONED LAST TIME THAT $250 MILLION HOUSING BOND IS DEPLETED. COUNCILWOMAN VIAGRAN MENTIONED, WE WERE IN A MEETING YESTERDAY WITH THE HOUSING TRUST. AND THE CEO OF THE HOUSING TRUST TOLD US IF WE DON'T HAVE ANY MORE HOUSING BOND DOLLARS WE'RE NOT GOING TO GET ANY MORE 30% AMI UNITS. THAT'S THE ONLY WAY TO GET 30% AMI UNITS BUILT. 
          SO IF WE PUT THIS ON THE BALLOT -- LET'S SPLIT IT UP INTO THREE SEPARATE THINGS SO A PERSON DOESN'T FEEL LIKE THEY HAVE TO VOTE FOR ONE OR THE OTHER. 
          WE NEED TO PUT ALL THREE OF THOSE THINGS ON THE BALLOT. I UNDERSTAND YOU GUYS NEED MORE TIME TO LOOK AT THAT, ERIC AND BEN. BUT I THINK WE NEED TO MAKE SURE WE'RE BEING VERY DILIGENT AND THOUGHTFUL ABOUT WHAT WE PUT ON FOR THE MUNICIPAL BOND. 
          AND THEN LASTLY, ONE OF THE OTHER KEY TAKEAWAYS. I REALLY LIKED IN Y'ALL'S ABLE CITY REPORT THEY DID A TABLE-BY-TABLE REVIEW OF WHAT EVERYBODY PUT ON THE MAPS. 
          THAT WAS REALLY COOL FOR ME, BECAUSE IT'S DIFFICULT TO REALLY CAPTURE ALL THE VOICES IN THE GUIDING PRINCIPLES. BUT IT'S COOL TO BE ABLE TO SEE TABLE-BY-TABLE WHAT WERE SOME OF THE CONCERNS THAT WERE SHARED AND WHAT WERE THE THINGS THAT WERE REALLY IMPORTANT TO THEM. 
          AND THE ONE THING THAT WAS REPRESENTED IN ALMOST 50% OF THE TABLES, AT LEAST IN THE DISTRICO A LOT OF ANALYSIS ON EVERYBODY ELSE'S. BUT THE ONE THING THAT CAME UP A LOT WAS GREEN SPACE. THE TERM THAT CAME UP A LOT WAS WELCOMING GREEN SPACE. 
          AND MAKING SURE THAT THE ENVIRONMENT AROUND EVERYTHING THAT'S BEING BUILT HERE STAYS INCLUSIVE. SO I WANTED TO REITERATE THAT IT'S SUPER IMPORTANT THAT WE DO THAT. ALSO WANTED TO GIVE A SHAMELESS PLUG. 
          THERE IS A BASKETBALL COURT OPENING THERE IN SEPTEMBER. IT'S A PARTNERSHIP BETWEEN THE SPURS AND IT'S BEAUTIFUL. IT'S SHADED. IT'S LIT, AT LEAST FROM THE PICTURES I'VE SEEN. IT'S NOT GOING TO BREAK YOUR ANKLES, HOPEFULLY. 
          THAT'S WHY I NEVER PLAY OUTSIDE. EVERYBODY NEEDS TO LACE UP AND COME OUT THERE THIS MONTH SO WE CAN START USING SOME OF THAT PUBLIC SPACE. WE NEED TO CONTINUE TO DO MORE OF THAT. THE LAST THING, GIVING THE SPECIFIC DIRECTIVE TO ERIC, I THINK WE'VE GOTTEN ENOUGH INFORMATION, PARTICULARLY AROUND THE GUARANTEE OF DEVELOPMENT THAT ALLOWS US TO SEE THAT THE DEVELOPMENT IS WHAT IS PAYING FOR THE STADIUM. 
          BECAUSE IT'S PAYING FOR THE STADIUM AND WE'RE GETTING THE ANET BENEFIT OF EVERYTHING THAT COMES WITH IT, WE HAVE ENOUGH INFORMATION TO COME UP WITH THE TERM SHEET. 
          ERIC, IF YOU'LL GO AHEAD AND START DRAFTING THAT LANGUAGE SO WE CAN ACTUALLY BETTER UNDERSTAND ALL OF THESE THINGS THAT I'VE JUST TALKED ABOUT, WHAT COUNCILMEMBER MUNGIA JUST MENTIONED REGARDING THE VOTE AND PUTTING THIS IN WRITING AND BRING THAT BACK BY THE 21ST, THAT WOULD BE GREAT. SO WE CAN START FOCUSING ON BUDGET. 
          AND ALSO CONTINUING TO TAKE EACH OF THESE ADDITIONAL PIECES ONE AT A TIME AS THEY COME FORWARD. 
          THANK EVERYBODY THAT'S BEEN HERE ALL DAY. THANK YOU, MAYOR. 
          THOSE ARE MY COMMENTS. >> MAYOR JONES: COUNCILMEMBER GALVAN. 
          >> GALVAN: THANK YOU, MAYOR. I WANTED TO ASK -- JUST PIGGYBACKING OFF OF COUNCILMEMBER KAUR'S PIECE ON THE BOND CONVERSATION. ERIC AND I HAD THIS CONVERSATION A LITTLE BIT IN OUR ONE-ON-ONE CONVERSATION. I WANTED TO ASK, WITH THESE BONDS, WE HAVE MORE OF A. DOLLAR FOR THE INFRASTRUCTURE ONE, 250ISH. 
          I DON'T KNOW ABOUT THE HOUSING BOND. BUT IF WE DID BOTH, HOW WOULD THAT IMPACT THE REST OF OUR BOND PACKAGE FOR THE REST OF THE CITY? 
          >> COUNCILWOMAN -- COUNCILMAN, I'M SORRY. SO, I ANTICIPATE FULLY THAT AS WE GO THROUGH BUDGET OVER THE NEXT MONTH -- AND I'LL LAY OUT THE PROPOSED BUDGET NEXT WEEK -- THAT WE'LL HAVE A WORK SESSION TO TALK ABOUT -- TO INITIATE THE CONVERSATION. 
          BECAUSE I THINK IT'S NOT NECESSARILY SOMETHING THAT YOU WILL ADOPT IN OUR BUDGET, BUT WE'LL HAVE THAT CONVERSATION. THERE'S A COUPLE OF FACTORS THAE DEALING WITH. 
          YOU'LL SEE NEXT WEEK THAT THE ANTICIPATED BASE TAXABLE VALUE WE GOT FROM THE APPRAISAL DISTRICT IS ALMOST A 1% DECLINE IN OUR BASE TAXABLE VALUE, WHICH HAS AN IMPACT ON THE AMOUNT OF 
          [07:50:08]
          DEBT WE CAN ISSUE AT THE EXISTING TAX RATE. >> GALVAN: RIGHT. 
          >> WALSH: ONE OF MY TAKEAWAYS FROM THE COMMUNITY ENGAGEMENT MEETINGS AND THE REPORT WAS THAT WHILE THE PUBLIC GENERALLY UNDERSTOOD THE NEED FOR DOWNTOWN INFRASTRUCTURE, BUT THE QUESTION OF WHAT ABOUT EVERYTHING ELSE CONTINUED TO RESONATE. I THINK TO A LOT OF THE COMMENTS TONIGHT, THE COUNCIL -- IT'S GOING TO BE MY RECOMMENDATION THAT WE INITIATE IT SO THAT YOU UNDERSTAND THE CONTEXT OF OUR CAPABILITY TO SPEND, THAT WE DO THAT PART OF THE BUDGET. 
          AND THEN AS WE GO INTO SEPTEMBER, HAVE A LONGER CONVERSATION ABOUT WHAT IT MEANS IF WE DO MOVE FORWARD WITH THE BOND PROGRAM AT OUR EXISTING TAX RATE. 
          I'LL GIVE YOU SEVERAL RECOMMENDATIONS OVER THE NEXT COUPLE OF WEEKS THAT I THINK MAYBE WE SHOULD LOOK AT OUR BOND PROGRAM A LITTLE BIT DIFFERENTLY THAN WE'VE HAD IN THE PAST. 
          AND YOU'VE JUST HEARD COUNCILWOMAN KAUR TALK ABOUT NEIGHBORHOOD IMPROVEMENTS, DOWNTOWN INFRASTRUCTURE, AFFORDABLE HOUSING. THERE'S OBVIOUSLY DRAINAGE ISSUES. THE MAYOR'S BEEN TALKING ABOUT THE 14 PROJECTS ON OUR STATE LIST. THERE ARE A NUMBER OF ADDITIONAL LOW WATER CROSSINGS, 151 AND PENN RODE. ROAD.IT'S A LARGER CONVERSATION. IT'S GOING TO COME DOWN TO HOW THE COUNCIL PRIORITIZES THOSE THINGS. THERE'S OBVIOUSLY THE CITIZEN INVOLVEMENT ELEMENT OF THAT CONVERSATION AND PROJECT SELECTION. 
          SO I DON'T THINK IT'S AS EASY AT TO SAY WE'RE GOING TO DO NEIGHBORHOOD IMPROVEMENTS, AFFORDABLE HOUSING AND INFRASTRUCTURE. I THINK IT'S GOING TO REQUIRE A 
          MUCH LONGER CONVERSATION BY YOU ALL. >> GALVAN: THANK YOU FOR THAT. 
          THAT'S HELPFUL. WHEN WE HAVE THESE CONVERSATIONS, WE CAN DO BOTH. 
          IT WON'T IMPACT OUR CITY SERVICES. IT'S NOT GENERAL FUND REVENUES. 
          I GET THAT. BUT THEN I HEAR THESE CONVERSATIONS. 
          IT'S NOT NECESSARILY THIS PARTICULAR BOND PACKAGE, ALTHOUGH THERE IS AN IMPACT TO OUR LARGER BOND PACKAGE. LIKE YOU MENTIONED. I THINK THOSE THINGS HAVE TO STAY IN OUR MINDS AS A BODY ABOUT HOW WE'RE GOING TO TO DELR FOR OUR RESIDENTS. 
          ESPECIALLY FOR ME, HOW OFTEN WE'VE CONTRIBUTED BOND DOLLARS TO HEMISFAIR PARK, TO DOWNTOWN. 
          NOT TO SAY THEY DON'T NEED IT AND IT'S NOT ESSENTIAL, BUT IT IS A CONCERN FOR MYSELF AND THE RESIDENTS I REPRESENT, TO YOUR POINT ABOUT PENN ROAD AND OTHER PIECES IN MY DISTRICT. 
          I THINK I JUST WANT US TO BE CLEAR ABOUT THERE IS AN IMPACT ON OUR BOND CAPACITY AND, THEREFORE, THE SERVICES THAT WE'RE PROVIDING FOR OUR RESIDENTS. 
          ON THAT POINT FURTHER, I GUESS BEFORE I GET TO THAT, ACTUALLY. MY NEXT SET OF QUESTIONS FOR BEN ARE RELATED TO COUNCILMEMBER VIAGRAN'S POINT. THERE ARE THINGS THAT DIFFERENT PEOPLE HAVE DIFFERENT VIEWS. AND THAT'S FINE. SO I DON'T KNOW -- EVERYONE'S GOT THEIR VIEW ON WHAT WE'RE GOING TO DO WITH THIS, WHAT'S NEEDED. 
          I WANT TO SEE THE SPURS SUCCEED. I WANT TO SEE DOWNTOWN FLOURISH. I WANT TO SEE THE SPURS WIN THEIR RACE. AND SO I -- BUT MY BIG THING FOR THIS, FOR ME AS A COUNCILPERSON FOR DISTRICT 6 AS WELL AS A COUNCILPERSON WHO I BELIEVE IS MEANT TO REALLY LOOK AT HOW TO STEWARD OUR -- BE A GOOD STEWARD OF OUR CITY'S VISION AND DIRECTION IS HOW WILL THIS PARTICULAR PROJECT WE'RE INVESTIGATING MONEY INTO OR BEING A CONDUIT FOR DEBT OR SUPPORTING IN SOMNGE FORM GOINGO SUPPORT OUR PUBLIC SERVICES, THE DELIVERY OF THEM. 
          FOR BEN, HAVE WE DONE A FINANCIAL FORECAST OR SOME KIND OF MODELING FOR OUR BUDGET WITH THE PROPOSED REVENUE WE'VE GAINED FROM THIS SPORTS ENTERTAINMENT DISTRICT? I KNOW THINGS ARE MOVING AT THE SAME TIME, SO IT'S A BIT DIFFICULT, BUT. 
          >> COUNCILMEMBER, IS YOUR QUESTION DID WE MODEL REVENUES THAT WE WOULD GENERATE IF WE DO 
          THE DISTRICT? >> GALVAN: CORRECT. >> THE MODELING WE HAVE DONE IS AROUND THINGS LIKE THE PFZ, THINGS LIKE THAT THAT WE'VE BEEN USING TO TRY TO PROBLEM-SOLVE HOW DO WE FUND THE CONVENTION CENTER PROJECT, MAINTAIN THE ALAMO DOME, POTENTIALLY CONTRIBUTE TO THE ARENA. THAT'S THE KIND OF MODELING WE HAVE DONE. 
          WE HAVE NOT TRIED TO MODEL OR PROJECT ANYTHING IN TERMS OF AN IMPACT TO THE GENERAL FUND. 
          [07:55:03]
          WE HAVE NOT DONE THAT. >> GALVAN: OKAY. CONVERSATION ABOUT WHAT'S GOING TO COME THROUGH IS SOMETHING I WOULD LIKE TO FIGURE OUT MORE. IT FEELS LIKE WE'RE GOING TO GET SOME KIND OF CONTRIBUTION HEAR E TO OUR GENERAL FUND, WHETHER IT'S SALES TAX OR SOMETHING ELSE. SALES TAX WOULD BE THE MAIN POINT. 
          BUT I WORRY ABOUT LOOKING AT OUR FINANCIAL FORECAST, SEEING SALES TAX FLATTEN AND HOPING IT DOESN'T DECREASE. I WORRY THAT THIS PROJECT, GREAT. 
          IT HAPPENS. IT SUCCEEDS IN SOME FORM. DOES THE SUCCESS TRICKLE DOWN TO US FOR THE SERVICE WE'RE TRYING TO PROVIDE FOR OUR RESIDENTS? THAT'S TO MY POINT EARLIER IS THAT'S WHAT MY FOCUS IS HERE. WHEN I ASK THESE QUESTIONS I'M LOOKING AT FOR MY COLLEAGUES AS 
          WELL AS FOR THE GENERAL PUBLIC. THANK YOU FOR THAT, BEN. >> IT WOULD BE PREMATURE FOR US 
          TO TAKE THOSE ESTIMATES AND COUNT THEM ANYWHERE. >> GALVAN: YEAH. 
          >> BECAUSE A LOT OF THESE PROJECTS ARE YEARS DOWN THE ROAD. 
          EVEN ON THE BACK END OF OUR FIVE-YEAR FORECAST I WOULD BE HESITANT TO DO THAT WITHOUT BEING CLOSER AND A LITTLE BIT MORE PRECISE IN TERMS OF WHAT WE THINK. 
          >> GALVAN: I AGREE. I THINK THAT'S WHY -- SOME OF THE RHETORIC I'VE HEARD ABOUT THIS IS A NO-BRAINER. IT'S GOING TO BRING REVENUE FOR US AND ECONOMIC DEVELOPMENT. 
          THAT'S GREAT IF IT DOES, JOBS OR WHATEVER. I APPRECIATE THOSE THINGS. 
          BUT AS A COUNCILPERSON FOR THE CITY, FOR MY RESIDENTS AND REPRESENTING THE CITY, THINKING ABOUT WHERE DOES THIS THEN SUPPORT OUR NEEDS FOR OUR RESIDENTS OVERALL. 
          THAT'S WHERE I'M COMING FROM WITH THOSE KIND OF QUESTIONS. THANK YOU FOR THAT. 
          LAST THING I WANTED TO SAY WAS AROUND THE CBA ON THE POINT ABOUT THE CBA COMMITTEE. 
          I WOULD LIKE TO SEE LABOR INVOLVED, WHETHER IT'S UNITE HERE, AND/OR OTHERS, SO THERE'S CONVERSATIONS AROUND THE HOSPITALITY INDUSTRY, LABOR IS INVOLVED, WE'RE SUPPORTING UNIONIZATION AND SUPPORTING HIGHER BENEFITS AND WAGES FOR OUR WORKERS HERE. 
          ALSO, WITH OUR ISDS MAKING SURE OUR ISDS ARE INVOLVED, ESPECIALLY IF THE CBA COMES DOWN TO CONVERSATIONS ABOUT CHILDCARE AND USING SOME OF THE CURRENT BUILDINGS. 
          THE LAST THING I WANTED TO MENTION WAS THAT AS THIS CONVERSATION GOES FORWARD, ONCE WE GET THE FULLY BAKED DETAILS OF EVERYTHING, I WOULD LIKE -- INCLUDING THE CBA -- I WOULD LIKE TO SEE A SECOND ROUND OF TOWN HALLS. MY RESIDENTS ARE ASKING FOR THAT ALREADY, BASED ON THE NEW CONTRIBUTION PIECES FROM THE SPURS, OR THESE ECONOMIC STUDIES. IT WOULD BE WORTHWHILE FOR US TO CONTINUE BEING TRANSPARENT WITH OUR RESIDENTS. HERE'S WHAT'S PROPOSED, HOW DO WE MOVE FORWARD. 
          THAT'S WHAT I WOULD LIKE TO SEE. THANK YOU, MAYOR. >> MAYOR JONES: THANK YOU. 
          TO YOUR QUESTION ABOUT HOW THIS WOULD IMPACT OUR BOND, ERIC, LAST TIME WE SPOKE ON THIS, THE INITIAL BOND FOR THE INFRASTRUCTURE FOR THE DOWNTOWN DEVELOPMENT WOULD BE 220-250. 
          IS THAT STILL THE ESTIMATE FOR THAT? >> WALSH: THAT WAS THE 
          ESTIMATE WE GAVE TO COUNCIL AT THE BEGINNING OF JUNE. >> MAYOR JONES: 220-250. 
          AND IF THE COUNCIL DECIDED IN THAT BOND TO DO ALL OF THE INFRASTRUCTURE PROJECTS RELATED TO FLOOD, THE 14 PROJECTS, THAT'S 411. ALL OF A SUDDEN WE'RE AT 660. 
          AS YOU POINT OUT, OUR CAPACITY IS A LITTLE BIT LOWER BASED ON THE ECONOMIC ENVIRONMENT. 
          IF WE DID ALL THE FLOOD PLUS THE 220-250, COULD YOU GIVE US BALLPARK, WHAT DOES THAT LEAVE US TO DO FOR OTHER PROJECTS IN THE COMMUNITY? JUST A BALLPARK RANGE. 
          >> I DON'T HAVE THAT, MAYOR. THAT'S THE FINANCIAL CAPACITY ANALYSIS THAT WE'LL DO AND WE'LL 
          LAY OUT IN A COUPLE WEEKS FOR YOU AT A BUDGET WORK SESSION. >> MAYOR JONES: IS THERE A 
          BALLPARK? MAYBE BEN? >> I'M NOT GOING TO HAVE A 
          BALLPARK TONIGHT. >> MAYOR JONES: NO BALLPARK. COUNCILMAN CASTILLO-ANGUIANO. 
          >> CASTILLO-ANGUIANO: I THINK I JUST HAVE ONE QUESTION FOR SOMEONE FROM THE SPURS TEAM IF THEY CAN JUST ANSWER THIS. LET ME PULL UP MY NOTES REAL QUICK. 
          SO I UNDERSTAND THAT THE SPURS HAVE THEIR CONTRACT UNTIL 2032, IF I BELIEVE? YES. AND THERE'S A PENALTY OF 100 MILLION FOR BREAKING THAT LEASE. SO, WILL THE COUNTY BE HOLDING THE SPURS TO THE TERMS OF THAT 
          AGREEMENT? DO WE HAVE THAT ANSWER? >> COUNCILMAN, IF I UNDERSTAND THE QUESTION CORRECTLY, BOBBY, SAN ANTONIO SPURS, WOULD THE CITY BE RESPONSIBLE FOR THE 
          NON-RELOCATION AGREEMENT WITH THE COUNTY? >> CASTILLO-ANGUIANO: NO. 
          [08:00:01]
I'M ASKING WILL Y'ALL BE HOLDING THE SPURS TO THEIR AGREEMENT UNTIL 2032? 
          >> I THINK THE CURRENT CONCEPT BEN TALKED ABOUT WAS ISSUANCE IN '28. 
          IF THERE'S ISSUANCE IN '28, IT'S HIGHLY LIKELY, AND EVERYTHING ELSE HAPPENS, WE'RE IN THROUGH THE TERM OF OUR AGREEMENT. OUR POSITION WOULD BE THAT ONE, IN ORDER FOR US TO BE SUBJECT TO THAT NON-RELOCATION FEE WE'D HAVE TO MOVE OUT OF BEXAR COUNTY, WHICH WE'RE NOT. 
          AND WE'RE STAYING TWO TERMS. THAT IS STILL PART OF THE DISCUSSION. 
          >> CASTILLO-ANGUIANO: OKAY. THAT WAS MY QUESTION. THANK YOU, MAYOR. 
          >> MAYOR JONES: COUNCILMEMBER VIAGRAN. >> VIAGRAN: THANK YOU. 
          I BELIEVE THAT ONCE THE CITY EXPRESSES THEIR SUPPORT, WE CAN BEGIN TO DISCUSS MORE ABOUT THE COMMUNITY BENEFITS AGREEMENT. AND I DO LIKE COUNCILWOMAN KAUR'S IDEA OF BRINGING STAKEHOLDERS TOGETHER. I FEEL LIKE WE COULD PILOT THAT AS SOON AS THE CITY GETS STARTED. AND THEN I DO LIKE THE IDEA OF COUNCILMAN GALVAN'S TO CONTINUE WITH TOWN HALLS AS WE LOOK AT THAT, AND TO KIND OF TAKE IT DISTRICT BY DISTRICT. 
          OR ISSUE BY ISSUE. SO IF WE HAVE A GROUP THAT'S LIKE, OUR ISSUE IS HOUSING, OR OUR ISSUE IS TRANSPORTATION, FINDING CENTRAL LOCATIONS TO TALK ABOUT THAT. 
          I KNOW TRANSPORTATION WAS A BIG FACTOR. I THINK ABOUT AS WE MOVE FORWARD, THOSE THAT WILL BE CLEANING IN AND AROUND THE AREA, AFTER GAMES, AFTER CONCERTS, AFTER THINGS LIKE THIS. SO, I WANT TO MAKE IT CLEAR THAT I BELIEVE AT THIS POINT, I THINK ERIC, WE NEED TO MOVE FORWAR. YOU NEED TO MOVE FORWARD WITH THE SPURS IN TERMS OF THE TERM SHEET. ONCE WE HAVE THAT AND A LETTER OF UNDERSTANDING AND WE MOVE FORWARD, I THINK WE CAN TALK A LITTLE MORE ABOUT THE CONCERNS. I DO SUGGEST ADDRESSING THE CONCERNS THAT OUR COUNCILMEMBERS HAVE BROUGHT UP. AND THAT WE COMMUNICATE THAT THROUGH -- TO THE PUBLIC WITH THE ANSWERS EITHER THROUGH MY COUNCILMEMBERS COULD DO THEIR OWN PRESS RELEASES, OR WE HAVE C&E COMMUNICATE THE ANSWERS THAT WE'VE GOTTEN ON SOME OF THE ISSUES THAT WE'VE ADDRESSED. SO THAT WHEN WE COME BACK AGAIN, WHICH I WOULD HAVE LIKED TO COME BACK NEXT WEEK. BUT WHEN WE COME BACK ON THE 21ST, WE HAVE THOSE ANSWERS AND WE CAN HAVE A VERY PRODUCTIVE A SESSION. SO, AS LONG AS THIS MEETING HAS GONE, I THINK IT WAS VERY PRODUCTIVE. AND I FEEL LIKE WE'RE AT A GOOD SPACE IN TERMS OF WHERE WE NEED TO BE NEXT. AND BEN, ONE QUESTION FOR YOU. 
          SO, IN TERMS OF THE RISK LEVEL THAT THE CITY HAS RIGHT NOW, WOULD YOU SAY IT'S MINIMAL? BECAUSE, YOU KNOW, EVERYTHING'S DEPENDENT UPON -- IF WE DO THIS LETTER OF UNDERSTANDING, IT'S DEPENDENT UPON THE NOVEMBER VOTE. AND WE ARE NOT MAINTAINING THAT BUILDING. AND THE SPURS ARE AGREEING TO THE DEVELOPMENT. 
          WHICH WHEN THEY WENT TO THE FROST BANK CENTER, NOBODY HAD A DEVELOPMENT AGREEMENT. 
          SO, I DON'T KNOW. BEN, ERIC? >> CAN WE ALSO USE THE COMMON TERMS? RIGHT NOW WE'RE TALKING JUST ABOUT A TERM SHEET. 
          THERE IS NOT A LETTER OF INTEREST OR A LETTER OF UNDERSTANDING. 
          THE ONLY THING WE'RE TALKING ABOUT IS A TERM SHEET, CORRECT? >> THAT'S A GOOD QUESTION, MAYOR. I'M ASSUMING LOI -- WE SAID TERM SHEET ■IN THEPRESENTATION. 
          I'M ASSUMING WHEN COUNCILMEMBERS ARE SAYING LOI, WE'RE TALKING ABOUT THE SAME THING. 
          >> MAYOR JONES: WE'RE ONLY TALKING ABOUT ONE THING. THAT'S THE TERM SHEET. 
          >> COUNCILWOMAN, THE RISK AS WE HAVE DESCRIBED TWO WEEKS AGO AND TODAY IS MITIGATED. 
          BUT I CAN'T STRESS ENOUGH THAT WE'VE GOT TO PUT ALL THIS IN WRITING IN A TERM SHEET OR LOI SO THAT IT'S VERY CLEAR WHO'S RESPONSIBLE FOR WHAT. AND THAT'S THE PART THAT WE NEED 
          TO DO. >> VIAGRAN: CLARIFY THIS. IN TERMS OF A LETTER OF UNDERSTANDING OR A TERM SHEET, WHICH ONE ARE WE -- WHICH IS YOUR PREFERENCE AT THIS POINT? 
          >> OKAY. AN LOI -- LET'S CALL IT A TERM SHEET. 
          IT'S A NONBINDING TERM SHEET THAT HAS THE BUSINESS TERMS. WE WON'T CALL IT AN LOI. 
          THE CITY STAFF'S NOT GOING TO CALL IT AN LOI. IT'S A NONBINDING TERM SHEET THAT HAS BUSINESS POINTS THAT TALKS ABOUT COST OF THE ARENA, RESPONSIBILITY FOR OPERATIONS AND MAINTENANCE, REVENUE GUARANTEES, THE ARENA LEASE, COMMUNITY BENEFITS, A LOT OF THE ASPECTS THAT WE TALKED ABOUT TWO WEEKS AGO, COST OVERRUNS, NON-RELOCATION. 
          THAT'S THE TERM SHEET THAT WE'RE TALKING ABOUT. >> VIAGRAN: BASED ON THE TERM 
          [08:05:04]
SHEET, LET'S CALL IT A TERM SHEET. BASED ON THIS TERM SHEET, WE STILL -- WE CAN DO PRELIMINARY WORK IF THIS GOES ON AUGUST 21ST. 
          WE CAN CONTINUE TO HAVE THE TOWN HALLS. WE CAN CONTINUE TO LOOK AT GETTING GROUPS TOGETHER IF IT PASSES. BUT WHAT WE CAN'T DO IS REALLY 
          SPEND ANY MONEY UNTIL WE HEAR FROM THE VOTERS, CORRECT, ON TH? >> LET ME WORK BACKWARDS. 
          IF AND WHEN THE COUNCIL APPROVEE SAY LOI -- A NONBINDING TERM SHEET, AS BEN SAID, THERE ARE A LOT OF SUBSTANTIVE AGREEMENTS THAT GO BEHIND THAT. WE ARE UNLIKELY -- WE'RE NOT GOING TO WORK ON ANY OF THAT UNLESS THE NOVEMBER ITEM IS APPROVED BY THE VOTERS. 
          >> VIAGRAN: OKAY. >> IF IT IS, WE WILL WORK ON SUBSTANTIVE AGREEMENTS. 
          MARIO SAID IT IN HIS PRESENTATION. PART OF WHAT ABLE CITY WAS CONTRACTED TO DO WAS ANOTHER ROUND OF CONTINUED ENGAGEMENT. AND THAT'S WHY THE GUIDING PRINCIPLES WERE IMPORTANT. AND SO THE COUNCIL'S APPROVAL OF THAT TERM SHEET SETS THE FRAMEWORK SO THAT THERE ISN'T ANY CHANGES AFTER THE FACT. WE WANT EVERYBODY AGREEING TO THE BASIC TERMS AND HAVING IT IN WRITING AND VERY CLEAR. AND WE CAN EXPLAIN IT TO THE TOWN HALLS OR HAVE IT ONLINE. AND THAT'S THE PART THAT WE NEED TO DO. 
          >> VIAGRAN: BECAUSE I JUST WANT TO MAKE IT CLEAR TO THE PUBLIC THAT THIS IS A STEP IN MULTIPLE STEPS THAT WE'RE HAVING TO GO THROUGH THAT INCLUDE AN ELECTION IN NOVEMBER. 
          >> WALSH: YES. >> VIAGRAN: AND THEN WHEN WE TALK ABOUT THE CBA, THAT WILL HAVE SOME TERMS IN THE TERM SHEET REGARDING THE CBA. BUT WE CAN STILL PROVIDE CONVERSATION ON THAT. WE DON'T NEED TO COMMIT TO ANYTHING. 
          BECAUSE IF EVERYONE -- RIGHT NOW I HEAR OVERWHELMINGLY HOUSING. BUT IT COULD CHANGE TO CHILDCARE, OR ECONOMIC DEVELOPMENT FOR SMALL BUSINESSES. 
          SO THAT'S THE ONE THING I WANT TO MAKE SURE, BECAUSE WE HEARD A LOT FROM THE PUBLIC TODAY 
          REGARDING THAT PORTION. >> WALSH: FROM MY PERSPECTIVE, THE TERM SHEET SHOULD HAVE THE MAXIMUM DOLLAR CONTRIBUTION OVER A 30-YEAR PERIOD VOID OF ANY SORT OF IDEAS ON WHAT TO DO WITH THAT. MY RECOMMENDATION WOULD BE TO DELIVER IT BACK TO THE COUNCIL FOR YOU ALL TO HAVE THE CONVERSATION ABOUT TASK FORCES, OR INVITING SCHOOL DISTRICTS, OR LABOR ASSOCIATIONS, OR WHATEVER GROUP. OR IF THAT'S SOMETHING THAT THE COUNCIL DECIDES TO DO. BUT I THINK IN TERMS OF THE TERM SHEET FROM THE STAFF PERSPECTIVE, OUR JOB WOULD BE TO GO GET MAXIMUM VALUE OVER THE 30-YEAR TERM AND LEAVE THAT 
          DECISION FOR THE COUNCIL TO STRUCTURE. >> VIAGRAN: THANK YOU. 
          >> WALSH: GOT IT. >> MAYOR JONES: COUNCILMEMBER WHYTE. 
          >> WHYTE: THANKS, MAYOR. A COUPLE THINGS. ONE, IN TERMS OF THE CITY CONTRIBUTION, WE LOOKED AGAIN BACK AT THE TWO WEEKS PRESENTATION AND THEN TODAY. 
          AND WE CLEARLY SEE THAT THE CITY'S PORTION IS GOING TO BE BETWEEN 350 AND $500 MILLION. 
          MY UNDERSTANDING IS THAT IS GOING TO BE THE LIMIT ON THE CITY CONTRIBUTION TO THIS ARENA. 
          NUMBER TWO, FOR CSL, I DON'T KNOW. THERE YOU ARE. 
          HOW LONG HAVE YOU BEEN DOING THIS? >> 38 YEARS. 
          >> WHYTE: AND THIS WORK THAT YOU'VE DONE THAT'S BEEN PRESENTED TODAY, FULL CONFIDENCE 
          IN THE WORK? >> OF COURSE. >> WHYTE: AND HAVE YOU EVER MOVED OR MASSAGED, OR INFLATED OR DEFLATED NUMBERS TO FIT A THINK THEY MAY OR MAY NOT WANT? 
          >> NO. THE REASON I HAVEN'T IS BECAUSE I'VE MADE IT 38 YEARS. 
          YOU DON'T MAKE IT 38 YEARS BY DOING THAT KIND OF THING. WE STAND BY ALL OF OUR NUMBERS, 
          ALL OF OUR REPORTS. >> WHYTE: AND YOU DO THIS ALL OVER THE STATE, COUNTRY? 
          >> AND SOME INTERNATIONALLY. AND IT'S NOT LIKE I DO AN OFFICE BUILDING STUDY OR A SPORTS ARENA STUDY. I DO CONVENTION CENTERS. THAT'S WHAT I DO. 
          >> WHYTE: OKAY. THANK YOU FOR THAT. YOU KNOW, I THINK THAT FOR SOME, IT'LL NEVER BE ENOUGH. AND THAT, UNFORTUNATELY, IS SOMETHING THAT WE'VE RUN IN HERE 
          [08:10:03]
TODAY AND WE SAW TWO WEEKS AGO AS WELL. IF IT'S NOT TALKING ABOUT, YOU KNOW, NET WORTH OF THE FOLKS THAT OWN THE SPURS, IT'S TRYING TO DISCREDIT THE FINANCIAL ANALYSES THAT WE GET. SOME PEOPLE JUST WANT TO THROW ROADBLOCK AFTER ROADBLOCK IN FRONT OF THE PROGRESS THAT THIS COUNCIL HAS BEEN WORKING TOWARDS AND CITY STAFF'S BEEN WORKING TOWARDS OVER THE LAST COUPLE OF YEARS. WE NEED TO GET THE BEST DEAL FOR THE CITIZENS OF SAN ANTONIO. WE'VE BEEN WORKING HARD ON THAT. BUT THAT HAS TO BE DONE IN PARTNERSHIP WITH THE COUNTY, AND IN PARTNERSHIP WITH THE SPURS. IT CANNOT BE AN EXERCISE WHERE WE TRY TO BLEED EVERY LAST CENT OUT OF EVERYBODY ELSE. AND I THINK WHAT WE'VE ARRIVED AT IS A VERY, VERY FAIR DEAL, ONE THAT'LL ALLOW US TO KEEP THE SAN ANTONIO SPURS RIGHT HERE IN OUR CITY, ONE THAT'S GOING TO HAVE HUGE ECONOMIC BENEFIT TO OUR CITY, WHICH MEANS A BIG BENEFIT TO OUR CITIZENS. I AGREE WITH COUNCILMAN GALVAN ON THE TOWN HALLS MOVING FORWARD. AFTER LISTENING TO EVERYBODY HERE TODAY, I'M REALLY PLEASED TO HEAR FROM THE MAJORITY OF MY COLLEAGUES THAT WE WANT TO MOVE FORWARD. 
          THIS MONTH WE WANT TO GET THINGS DOWN IN WRITING INTO THIS TERM SHEET, VOTE ON THEM AGAIN SO THAT THE CITIZENS OF SAN ANTONIO KNOW EXACTLY -- OR THEY HAVE ALL THE INFORMATION IN FRONT OF THEM WHEN THEY GO TO TAKE THIS IMPORTANT VOTE IN NOVEMBER. THANKS. 
          >> MAYOR JONES: OKAY. IS THERE ANYONE ELSE THAT WOULD LIKE TO SPEAK ON THIS? OKAY. MR. PEREZ, HOW SOON MIGHT WE GET A TRUE COST FOR THE ARENA? I KNOW RIGHT NOW IT'S 1.3 TO 1.5. THAT'S A LARGE RANGE. 
          >> MAYOR, I THINK THAT'S SOMETHING WE'D LIKE TO CONTINUE TO SIT DOWN WITH THE CITY TEAM AND HOPEFULLY WE CAN HASH THAT OUT IN THE NEXT FEW WEEK. WE'RE GOING TO HAVE TO MAKE SOME ESTIMATES. AND LIKE WE'VE SAID, WE WILL GUARANTEE NOT ONLY OUR FINANCIAL CONTRIBUTIONS, WE'LL GUARANTEE THE COST OVERRUNS. AND WE HAVE TO DELIVER A BUILDING THAT MEETS OUR STANDARDS AND THE CITY STANDARDS THAT WE'RE GOING TO AGREE TO IN 
          THE DOCUMENT. SO WE'RE WORKING ON THAT. >> MAYOR JONES: OKAY. 
          FOR EVERYONE'S BACKGROUND, ERIC, HAVE WE ASKED THE SPURS TO LOOK AT WHAT A BILLION-DOLLAR STADIUM 
          WOULD LOOK LIKE, OR ANYTHING DIFFERENT? >> WALSH: NO. 
          THAT'S WHAT I WANT TO GET TO TO NEGOTIATE. >> MAYOR JONES: WE HAVE NOT ASKED THEM THAT. GOT IT. FOR EVERYONE'S CLARITY, THE TERM SHEET MUST INCLUDE A CITY CONTRIBUTION NUMBER, CORRECT, ERIC? 
          >> WALSH: YES, MA'AM. >> MAYOR JONES: OKAY. SO IT MUST INCLUDE THAT. 
          AND THAT IS REALLY IMPORTANT FOR US TO UNDERSTAND. THE 350 TO 500, WE CAN'T INCLUDE 
          A RANGE, IS THAT CORRECT, ERIC? FOR THE TERM SHEET? >> WALSH: WELL, I THINK THAT DEPENDS ON HOW WE NEGOTIATE, MAYOR. I THINK WE NEED TO NAIL DOWN -- 
          >> MAYOR JONES: I JUST WANT -- THAT'S REALLY HELPFUL FOR MY COLLEAGUES BECAUSE EVERYONE'S SAYING LET'S SEND THIS TERM SHEET OVER. WE HAVE TO UNDERSTAND CAN WE SEND A FINITE NUMBER, A RANGE. THAT IS SOMETHING THAT WE HAVE TO EXPLAIN TO THE VOTERS, UNDERSTANDING WHAT THAT -- WHY WE'RE EVEN COMFORTABLE WITH THAT, WHICH IS WHY WE WERE LOOKING FOR AN ECONOMIC ANALYSIS THAT WOULD HELP US INFORM THAT NUMBER. 
          AT THIS POINT, WE ARE ABLE TO PROVIDE A RANGE, OR A FINITE NUMBER? 
          WHAT DO YOU RECOMMEND? >> WALSH: THAT WE MOVE FORWARD TO NEGOTIATE DEVELOPMENT, UNDERSTAND WHAT THE COST OF THE ARENA IS, AND THEN MOVE APPROPRIATELY DEPENDING ON WHAT THOSE NUMBERS ARE. I DON'T WANT TO NEGOTIATE THIS WITH THOSE GUYS SITTING ON FRONT 
          ROW. >> MAYOR JONES: UNDERSTOOD. BUT I THINK WE AT LEAST IN OUR MINDS, AND PEOPLE WATCHING, SHOULD UNDERSTAND WHAT THE COST IS OF THE THING THAT WE'RE 
          BUYING. >> WALSH: I THINK WE NEED TO NEGOTIATE THOSE TERMS, MAYOR. 
          I CAN'T -- I DON'T WANT TO GIVE A NUMBER, BECAUSE I WANT TO KNOW WHAT THAT GUARANTEED LANGUAGE 
          LOOKS LIKE, WHAT THAT RENT IS FOR THE ARENA. >> MAYOR JONES: UNDERSTOOD. 
          I THINK WE'VE KIND OF DONE A LITTLE BIT OF THAT BY DOING 1.3 TO 1.5. 
          [08:15:04]
OUR CITY CONTRIBUTION WOULD BE 489 ON THE LOW END OF THAT. WE'VE DONE A LITTLE BIT OF THAT ALREADY, WHICH IS WHY I WANTED EVERYONE TO BE CLEAR ABOUT WHAT WE HAD TO PROVIDE AS PART OF THE TERM SHEET. I THINK THE COUNTY WOULD BE A GOOD PARTNER WHEN IT COMES TO THE CBA. LET'S BE REMINDED THAT THE COUNTY HAS NO CBA. 
          311 MILLION PLUS THE 88 MILLION THEY'RE WILLING TO WAIVE IF THE SPURS LEAVE EARLY. 
          SO, I KNOW THEY HAVE GREAT INTEREST IN MAKING SURE THAT WE GET A GOOD CBA BECAUSE OF THEIR INTEREST AND WHAT IT WOULD MEAN FOR THEM. BUT REMINDER, THEY DO NOT HAVE A CBA. OKAY. AND I WANT TO GO BACK TO THIS POINT ABOUT THE URGENCY. CLARIFYING AGAIN, I THINK BEN MENTIONED IT, BUT ALSO MR. PEREZ MENTIONED IT. THE TIMELINE HAS SLIPPED BY A YEAR, CORRECT? SO YOU SAID THERE WAS A POSSIBILITY THAT YOU MAY NOT LEAVE THE FROST CENTER EARLY, MR. PEREZ? I'M TRYING TO UNDERSTAND WHAT THE URGENCY IS. 
          >> FOR CLARITY, TIMELINE BASED ON THE POTENTIAL ISSUANCE DATE BY THE CITY OF SAN ANTONIO. 
          THE CONCEPT HAS BEEN AN ISSUANCE IN Q3 OF 2028 AND BY THAT NATURE, IT'S A 57-MONTH CONSTRUCTION PROGRAM. AND SO JUST BY STRAIGHT TIMELINE, WITH OUR EXPERTS, THAT'S WHY IT SLIPPED. WE'D STILL LIKE TO DO THIS IN 2027. 
          THAT'S PART OF THE NEGOTIATION. WE'D LIKE TO ADVANCE THAT TIMELINE, BECAUSE EVERY YEAR, 
          EVERY DELAY, IT'S INCREASING CONSTRUCTION COST BY 4-6%. >> MAYOR JONES: OKAY. 
          ARE THERE EXAMPLES, ERIC, AND BEN AS WELL, JUST GIVEN YOUR LONG SERVICE AT THE CITY -- MY CONCERN WITH SOME OF THE GUARANTEES IS HOW SOME OF THE GUARANTEES OVER PREVIOUSLY, WHETHER YOU LOOK AT THE HOTEL DEVELOPMENT AT HEMISFAIR, THERE WERE SIMILAR GUARANTEES AND THOSE DID NOT COME TO FRUITION AS WE EXPECTED. CAN YOU PROVIDE SOME OF THAT HISTORICAL CONTEXT FOR US? IF IT'S EASIER, MAYBE PROVIDING A WRITTEN PRODUCT SO WE CAN ALL DIIEST THAT. DIGEST THAT. WE'RE PUTTING A LOT OF STOCK IN GUARANTEES. WE HAVE SOME HISTORY AS TO WHERE THOSE HAVE NOT -- 
          >> THE AGREEMENT APPROVED BY THE COUNCIL AND THE COUNTY WAS THAT PHASE ONE OF THAT DEVELOPMENT HAS TO BREAK GROUND BEFORE WE WILL CONSIDER THE ISSUANCE OF DEBT FOR THE BALLPARK. 
          AND SO THAT IS A RECENT ONE. AND THERE ARE NO OTHER EXAMPLES. I THINK THAT'S PROBABLY TO SOME OF THE COUNCILMEMBERS MAKING THE POINT AND SOME OF THE CITIZENS, TO BE HONEST WITH YOU, ABOUT THE BUILD IT AND THEY WILL COME. IN THIS CASE, WE'RE GOING TO CONTRACTUALLY GUARANTEE THAT IT COMES, OR WE DON'T ISSUE DEBT, AS BEN DESCRIBED. FROM OUR PERSPECTIVE, WE CONTEMPLATE THAT IT WOULD LOOK A LOT LIKE WHAT IT DID FOR WESTERN URBAN AND THE MISSIONS. 
          IF THEY DON'T MOVE FORWARD ON PHASE ONE AND THEY HAVEN'T BROKEN GROUND THEN WE'RE NOT ISSUING ANYTHING. SO THE ONUS BECOMES ON THEIR BACK. 
          >> MAYOR ARE COMFORTABLE WITH THAT, I THINK YOU WOULD HAVE ALL OF THE BEST CHEERLEADERS IN THE ENTIRE CITY, BECAUSE WE WOULD BE SO FAMILIAR WITH HOW OUR COMMUNITY WOULD BENEFIT. I THINK WE ALL, THOUGH, APPRECIATE, FRANKLY THE CAUTION EXPRESSED BY MANY THAT PROVIDED PUBLIC COMMENT TODAY. MANY THAT SAT IN THESE EXACT SEATS DECADES AGO WHEN CONFRONTED WITH THESE MAJOR INVESTMENTS AND SIMILAR PROMISES OF INVESTMENT. HENCE OUR RESPONSIBILITY TO ENSURE WE'RE DOING THE DUE DILIGENCE THAT IS REQUIRED. SO IT'S NOT A NO, CLEARLY. IT'S LET'S DO THE RIGHT THING. 
          AND AGAIN, I CAN APPRECIATE SOME OF THE COUNCILMEMBERS THAT HAVE PREVIOUSLY WORKED ON THIS AND HAVE PREVIOUSLY BEEN BRIEFED. BUT WE'RE GETTING NEW INFORMATION. 
          AND EVEN THOUGH Y'ALL HAVE BEEN TALKING ABOUT IT FOR SEVERAL YEARS, WE JUST GOT THE FIRST 
          [08:20:01]
DRAFT OF A CBA, AS WELL AS WE'RE JUST GETTING NEW INFORMATION, REALLY OVER THE LAST TWO WEEKS IN TERMS OF WHAT GUARANTEED DEVELOPMENT MIGHT ACTUALLY LOOK LIKE. 
          I WANT TO COME BACK, SOME QUESTIONING WHY IS SHE HARPING SO MUCH ON THE REVENUE-SHARING PIECE. EVEN IN CSL'S OWN ANALYSIS, WHICH THEY DID NOT DO THEIR OWN INDEPENDENT ANALYSIS AND THEY ACKNOWLEDGE THEY SHOULD, I WANT TO READ FROM THIS, WHICH IS THE INCREMENTAL -- THIS IS ON THE FULL REPORT, PAGE 18, THE LAST PARAGRAPH. 
          THE INCREMENTAL ANNUAL CITY DIRECT SPENDING IMPACT APPEAR WITHIN A BROAD RANGE GIVEN OUR EXPERIENCE, THE DEPTH AND BREADTH OF THE SAN ANTONIO MARKET, AND THE OPPORTUNITIES A NEW ARENA PRESENTS TO GENERATE INCREMENTAL REVENUE FROM TICKETING, PREMIUM SEATING, NAMING RIGHTS, AND SPONSORSHIPS, CONCESSIONS, THIRD-PARTY EVENTS AND OTHER SUCH SOURCES. 
          SO THAT IS WHY I KEEP COMING BACK TO THE REVENUE-SHARING, BECAUSE THAT'S WHERE THE ADDITIONAL MONEY IS. FURTHER, THE LAST LINE, MORE IN-DEPTH AND ANALYSIS WOULD BE NEEDED TO BE UNDERTAKEN FOR CSL TO PROVIDE ITS OWN ASSESSMENT OF THE BENEFITS THAT COULD BE GENERATED TO THE CITY BY THE ARENA. THEIR OWN STATEMENT, THEY UNDERSTAND NEEDS ADDITIONAL DUE DILIGENCE. THE OTHER THING THAT'S LACKING FOR ME IN THE ECONOMIC ANALYSIS -- WHAT I WAS REALLY LOOKING FORWARD TO -- IS AN UNDERSTANDING OF HOW THIS COUNCIL, WHEN WE LOOK AT ALL OF THE PROJECTS AS PART OF PROJECT MARVEL, HOW WE MIGHT BE ABLE TO ALLOCATE FROM THE PFZ. THAT PFZ -- WE'RE ONLY DOING ARENA LEASES. SPURS GIVE US MONEY, THAT GOES BACK INTO FINANCING THE STADIUM. 
          THE GUARANTEED REVENUES, HELPFUL. IF NO ONE WANTS TO DO REVENUE-SHARING, ALL OF THAT GOES INTO THE TIRZ WHICH THEN STAYS TO FINANCE THE ARENA. 
          SO THE PFZ IS REALLY WHERE WE HAVE A LEVER TO DETERMINE WHAT PERCENTAGE GOES TO THE ARENA, WHAT PERCENTAGE GOES TO THE ALAMO DOME, AND WHAT PERCENTAGE GOES TO THE CONVENTION CENTER. 
          UNDERSTANDING WHERE THE HIGHEST ROI FOR THAT HELPS US BETTER DETERMINE HOW WE ALLOCATE THAT MONEY. THIS ECONOMIC IMPACT ANALYSIS DOES NOT HELP US DO THAT IN ANY FORM OR FASHION. SO I THINK AT THIS -- WHAT IT ALSO DOES NOT DO -- AND I THINK THERE ARE SOME FOUNDATIONAL QUESTIONS THAT I CONTINUE TO GET AND I THINK WE WOULD GET IF WE HAD A TOWN HALL TOMORROW AND WALKED OUT OF HERE IS I THINK WE NEED AN INDEPENDENT ASSESSMENT THAT HELPS US UNDERSTAND THE HIGHEST AND BEST USE OF THE PUBLIC LAND WITHIN THE PROPOSED SPORTS AND ENTERTAINMENT DISTRICT. WE NEED TO EXPLAIN TO FOLKS THAT THIS PRIME REAL ESTATE, ININDEINDEPENDENT ECONOMIC ANALS SHOWS THIS IS THE BEST RATE OF RETURN FOR OUR COMMUNITY. IT'S REALLY IMPORTANT THAT WE'VE GOT ANALYSIS WHICH DETERMINES THAT A NEW SPURS ARENA IS THE HIGHEST AND BEST USE FOR THE TO BE CITY OWNED INSTITUTE OF TEXAN CULCULTURE SITE. I HAVE NOT SEEN THAT ANALYSIS. THE ASSUMPTION WAS MADE BY THE YEGENTLEMAN FROM CSL. WE SHOULD ONLY MAKE ASSUMPTIONS WHEN WE HAVE TO. 
          WE NEED TO EXPLAIN WHETHER AND HOW THE PROPOSED DOWNTOWN SPORTS ENTERTAINMENT DISTRICT CAN SUPPORT TWO COMPETING ARENAS. WE NEED TO PROVIDE AN ESTIMATE, BASED ON MY COLLEAGUES' COMMENTS, WE UNDERSTAND THERE ARE GOING TO BE IMPLICATIONS ON OUR BOND. 
          WE NEED AN ESTIMATE OF THE BOND ELECTIONS, INCLUDING THEIR RESPECTIVE VALUES NEEDED TO FINANCE THE INFRASTRUCTURE ASSOCIATED WITH THE ARENA AND PROPOSED DOWNTOWN DEVELOPMENTS. 
          AS HAS BEEN MENTIONED, COUNCILMEMBER CASTILLO AND OTHERS MENTIONED WE NEED TO IDENTIFY KNOWN AND ANTICIPATED ASSOCIATED COSTS RELATED TO UTILITY INFRASTRUCTURE AND MODIFICATIONS. I JUST SAT ON A SAWS BOARD MEETING AND THEY ARE GOING TO COME AND ASK FOR A RATE INCREASE. THEY HAVE SAYS THEIR MODELING DOES NOT ACCOUNT FOR THE COST TO MOVE THE CHILLED WATER FACTORY. WE ALSO NEED THE CONVENTION CENTER IS A BIG PART OF THIS. UNDERSTANDING HOW WE DISTRIBUTE MONEY FROM THE PFZ TOWARD THE CONVENTION CENTER, WE NEED DATA. WE NEED ANALYSIS OF THE ACTIVITIES AT THE ALAMO DOME OVER THE LAST SEVEN YEARS, SPECIFICALLY NOTING ROI FOR EACH IN THAT TERM PERIOD TO DETERMINE WHAT THAT ALLOCATION SHOULD BE. I THINK IT'S ALSO REALLY HELPFUL AS WE ARE ALL WATCHING THE NEWS 
          [08:25:05]
AND I'M SURE CSL HAS EVEN WORKED ON SOME OF THESE, WE NEED THE ECONOMIC ANALYSIS THAT HELPS US UNDERSTAND HOW PROPOSED EXPANSIONS AT THE CONVENTION CENTER WILL DIRECTLY AND APPRECIABLY INCREASE OUR CITY'S COMPETITIVENESS TO ATTRACT CONVENTIONS IN LIGHT OF WHAT IS HAPPENING IN OUR PEER CITIES AND WHAT IS HAPPENING IN OTHER TEXAS CITIES THAT ARE SIMILARLY EXPANDING THEIR CONVENTION FOOTPRINT. ALSO REALLY IMPORTANT ARE THE ASSUMPTIONS THAT WENT INTO INFORMING THAT WE WOULD ONLY HAVE 1900 RESIDENTIAL UNITS. 
          WHEN WE THINK ABOUT THE NUMBER OF FOLKS THAT WOULD WORK DOWNTOWN TO SUPPORT SOMETHING LIKE THAT AND OUR OWN STATED GOALS OF HAVING A MUCH LARGER RESIDENTIAL FOOTPRINT DOWNTOWN. 
          AND THAT ANALYSIS SHOULD HELP US UNDERSTAND THAT WHAT DETERMINED THE AMOUNT, THE TYPE, THE LOCATION AND AFFORDABILITY OF EVEN THOSE 1900 AND WHETHER WE MIGHT HAVE SOMETHING BETTER IN THAT MIXED USE DISTRICT. SO, FOR ME, A LOT OF QUESTIONS THAT REMAIN OUTSTANDING THAT I THINK ARE NOT JUST HOW DO WE PAY FOR THIS, BUT HOW ARE WE ENSURE THAT WE HAVE THE HIGHEST AND BEST USE OF THAT LAND IN OUR COMMUNITY. HOW CAN WE ANSWER THAT QUESTION WITH INTEGRITY TO VOTERS AND ENSURE THAT WE -- EVEN UNDERSTAND BASICALLY WHAT -- AT A BASIC LEVEL WHAT THE COST IS OF THIS ARENA. SO, I THINK WITH AN INDEPENDENT ECONOMIC ANALYSIS, THAT THIS WOULD HELP. AND FRANKLY, IF THE ANALYSIS PROVIDED BY CSL AND THE ANALYSIS PROVIDED BY THE SPURS IS WHAT IT IS, THEN AN INDEPENDENT ECONOMIC ANALYSIS WOULD CORROBORATE THAT. AND THEN WE UP HERE WOULD HAVE CONFIDENCE IN HAVING THAT CONVERSATION WITH OUR VOTERS ABOUT WHAT WE'RE GOING TO CAN TASKTHEM TO DO. 
          IF IT IS DIFFERENT THAN WHAT HAS BEEN PRESENTED, THEN WE NEED TO UNDERSTAND THAT. 
          AGAIN, THIS IS A GENERATIONAL INVESTMENT. WE SHOULD GO INTO THIS EYES WIDE OPEN. WE DO NOT HAVE THAT ECONOMIC ANALYSIS. 
          WE DON'T KNOW THEIR ASSUMPTIONS OR DATA SOURCES. IT IS INSUFFICIENT AT THIS POINT TO MOVE FORWARD. 
          MOVE TO PAUSE NEGOTIATIONS UNTIL THE CITY COUNCIL HAS RECEIVED AN INDEPENDENT ECONOMIC ANALYSIS. 
          >> GOING TO VOTE ON ANYTHING IN THIS SESSION BECAUSE IT WASN'T POSTED FOR ACTION. 
          >> MAYOR JONES: I WAS TOLD THAT WE COULD VOTE BECAUSE WE HAD PUBLIC -- 
          >> IT'S A REQUIREMENT IF THE COUNCIL'S GOING TO VOTE TO HAVE PUBLIC COMMENT. 
          BUT FOR A SESSION -- IF THE COUNCIL IS GOING TO TAKE ACTION WE HAVE TO POST IT FOR ACTION 
          AND IT WASN'T POSTED FOR ACTION, MAYOR. >> MAYOR JONES: OKAY. 
          I WAS MISINFORMED, THEN. MY DIRECTION, THEN, AND WE WILL POST THIS, THEN, BECAUSE I THINK IT'S IMPORTANT THAT FOLKS VOTE ON THIS AND WE VERY CLEARLY TAKE ALL THE STEPS WE CAN TO MAKE SURE WE'VE GOT ALL THE INFORMATION FOR THIS. SO MY DIRECTION AT THIS POINT UNTIL WE VOTE ON THIS EXACT ISSUE IS THAT WE PAUSE NEGOTIATIONS UNTIL WE HAVE AN INDEPENDENT ECONOMIC ANALYSIS WITH THE QUESTIONS THAT I JUST OUTLINED. 
          >> SO, MAYOR, JUST BASED ON THE COUNCIL CONVERSATION, WHILE WE FIGURE OUT WHAT WE DO IN TERMS OF POSTING THAT, I'M GOING TO MOVE FORWARD WITH NEGOTIATING WITH THE SPURS ON SOME OF THIS LANGUAGE JUST BASED ON THE CONVERSATION HERE THIS EVENING. JUST TO GET SOME MORE FINALITY. 
          WE'VE GOT SPURS LETTERS, SPREADSHEETS. I WANT TO SEE WHAT ACTUAL 
          LANGUAGE IS AND AT LEAST BEGIN THAT CONVERSATION. >> MAYOR JONES: THAT TERM 
          SHEET WILL NOT INCLUDE A NUMBER FROM THE CITY, CORRECT? >> I THINK IT DEPENDS ON WHAT 
          THAT NEGOTIATION IS. >> MAYOR JONES: WELL, I THINK IT'S IMPORTANT. 
          WHAT I DON'T WANT TO DO IS NEGOTIATE IN BAD FAITH WITH THE SPURS. 
          AND IF WE DON'T HAVE A NUMBER FOR THEM AND BASED ON THIS CONVERSATION, WE DO NOT, THEN IT'S NOT CLEAR THAT -- WOULD YOU PROVIDE EVERYTHING IN THE TERM SHEET MINUS THAT NUMBER? 
          >> NO. I JUST SAID I DIDN'T WANT TO NEGOTIATE IN FRONT OF THE SPURS 
          OUT IN THE OPEN, THAT'S WHAT I SAID. >> MAYOR JONES: YEAH. 
          IF WE DON'T PROVIDE THE NUMBER, THEN WHAT IS THE VALUE OF THE TERM SHEET? 
          >> WALSH: IT'S MY RECOMMENDATION WE START TO NAIL DOWN SOME OF THE DETAILS EVERYBODY KEEPS TALKING ABOUT THAT ISN'T WRITTEN DOWN. THAT'S THE POTENTIAL RISK I SEE FROM MY STANDPOINT. I KNOW SEVERAL COUNCILMEMBERS TALKED ABOUT GETTING IT DONE BY AUGUST 21ST. I DON'T KNOW HOW LONG IT'S GOING TO TAKE. 
          THE SOONER WE START, THE BETTER. I CAN'T COMMIT TO THAT UNTIL WE AT LEAST INITIATE THOSE 
          [08:30:12]
          CONVERSATIONS. >> MAYOR JONES: CAN WE -- IS IT POSSIBLE TO PROVIDE THE INDEPENDENT ECONOMIC ANALYSIS WHILE YOU INCLUDE, OR TRY TO CONTINUE THE TERM SHEET TERMS NS 
          THAT WOULD BE SHAPED BY THE INDEPENDENT ECONOMIC ANALYSIS? >> WALSH: WE'LL NEED TO FIGURE 
          OUT WHAT THAT MEANS AND HOW WE DO THAT. >> MAYOR JONES: OKAY. 
          SO WE CAN FIGURE OUT HOW TO DO THIS IN PARALLEL, AN INDEPENDENT ECONOMIC ANALYSIS AS WELL AS NEGOTIATING ON THE TERM SHEET UP TO WHAT IS ACCEPTABLE MINUS A NUMBER? 
          GO AHEAD. >> WALSH: I DON'T THINK WE SHOULD BE NEGOTIATING THIS OUT IN THE OPEN. I KNOW THIS IS HIGHLY PUBLIC, BUT I JUST THINK IT PUTS THE CITY'S POSITION AT A LITTLE BIT OF RISK. AND I THINK WE OUGHT TO TREAT IT THAT WAY. AND FRANKLY, I THINK THAT UNTIL I KNOW THE LANGUAGE, OR UNTIL WE KNOW THE LANGUAGE IS NEGOTIATED WITH CERTAINTY, WE CAN PUT ON A SLIDE GUARANTEEING AROUND THE GUARANTEES. THAT PART WE HAVEN'T DONE. I'D LIKE TO BEGIN THAT. 
          BASED ON THE COUNCIL FEEDBACK TODAY I THINK THE COUNCIL WANTS TO MOVE FORWARD ON THAT PART. 
          >> MAYOR JONES: HELP ME UNDERSTAND WHY WE HAVE TO NEGOTIATE WHAT THE FINAL COST IS OF THE ARENA. WHY CAN'T WE JUST GET THAT NUMBER? 
          MAYBE THAT'S FOR THE SPURS. >> MAYOR, CAN YOU RE-ASK YOUR QUESTION? 
          I DON'T THINK IT WAS VERY CLEAR. >> MAYOR JONES: YEAH. WHY CAN'T YOU JUST TELL US HOW MUCH THE ARENA COULD COST? BECAUSE WHAT I WANT TO HELP VOTERS UNDERSTAND IS THAT WE'RE GOING TO PAY FOR WHAT IS NEEDED. THIS IS NOT HOW MUCH CAN THE PEOPLE PAY. 
          SO I WOULD THINK THE COST OF AN ARENA IS RELATIVELY SIMPLE TO UNDERSTAND. 
          SO HOW SOON COULD WE HAVE A FINAL NUMBER ON THE ARENA? BECAUSE I THINK WHAT'S IMPORTANT, A FINAL NUMBER ON THE ARENA, THEN EVERYBODY UNDERSTANDS WHAT IT BREAK DOWN IN TERMS OF CONTRIBUTION. THEN YOU CAN GO TO THE PEOPLE AND SAY THIS IS THE COST OF IT, THIS IS WHO'S GOING TO PAY. AND TO MY THIRD QUESTION, HOW PEOPLE ARE GOING TO BENEFIT. 
          >> FAIR QUESTION. I WILL GO BACK AND SHARE WITH YOU WHAT I'VE SAID EARLIER THIS EVENING, THAT IT IS A THREE-PART PROCESS. OUR REVENUE GUARANTEE OF BUILDING AN ARENA AND GUARANTEEING COST OVERRUNS FOR A PROJECT THAT WE DON'T KNOW IF IT'S GOING TO START IN 2027, OR 2028, IS A PART. THE REQUIREMENT THAT WE HAVE HEARD FROM THE CITY MANAGER AND BEN OF REVENUE GUARANTEE IS ALSO A PART. 
          AND SO THEY ARE ALL INTERRELATED. SO OUR GOAL IS TO GET TO A NUMBER AS QUICKLY AS WE CAN. BUT WE HAVE TO BE THOUGHTFUL. WE HAVE TO BE SMART. 
          BECAUSE WE'RE GUARANTEEING IT. IT'S ALL OUR RISK. SO THE NUMBER THAT THE CITY PUTS FORWARD STOPS. EVERYTHING ELSE IS ON TOP OF US. AND THAT RISK, WE HAVE TO MANAGE AND WE HAVE TO CONTROL. AND IF WE'RE OVER, WE'VE GOT TO PRODUCE. 
          SO I WOULD ANSWER YOU THIS WAY, THAT WHATEVER NUMBER -- I'LL TAKE THE 489 NUMBER. 
          IF THAT IS THE NUMBER, THEN WE HAVE TO GO SOLVE FOR EVERYTHING ELSE. 
          YOU MIGHT RECALL AS WELL THE COUNTY'S PARTICIPATION IS 25% OF THEIR NUMBER. 
          SO THAT'S PART OF THE EQUATION AS WELL. SO I HOPE THAT HELPS. 
          BUT TO JUST PUT OUT A NUMBER WITHOUT THE BALANCE OF THE DETAILS -- WE CAN GET THROUGH THAT VERY QUICKLY, BUT WE NEED TO HAVE A WILLING PARTY TO SIT WITH US AT THE TABLE AND HAVE 
          THIS DISCUSSION. >> MAYOR JONES: I THINK YOU HAVE A WILLING PARTNER, IT'S JUST NOT CLEAR -- IF WE'VE BEEN TALKING ABOUT THIS THAT WE STILL DON'T HAVE AN IDEA OF THE FINAL COST, OR AT LEAST SOMETHING, A RANGE THAT IS NOT $200 MILLION IN TERMS OF COST OF THE ARENA. 
          >> MAYOR, I THINK, YES. WE HAVE A WILLING PARTNER. I'VE HEARD DIRECTION FROM AT LEAST SEVEN MEMBERS TO SAY GO FINALIZE AND BRING IT BACK AUGUST 21ST, END OF AUGUST, COMBINATION. THAT TO ME IS A WILLING PARTNER. WE'RE EXCITED ABOUT THAT. 
          WE LOOK FORWARD TO TAKE THAT NEXT STEP SO WE CAN MEET THOSE TIMELINES THAT I'VE HEARD THE DIRECTION FROM COUNCIL ON, AND TO COME BACK WITH THOSE TWO TOP LINE NUMBERS, PARTICIPATION, 
          SPURS ARE PARTICIPATING AT. >> MAYOR JONES: NO, I'M ASKING THE COST OF THE ARENA. 
          HOW SOON DO YOU THINK WE MIGHT HAVE THAT? >> AS SOON AS WE CAN GET A 
          NUMBER FROM THE CITY. >> MAYOR JONES: SO THE COST OF THE ARENA IS BASED ON WHAT WE 
          [08:35:03]
          CAN PUT FORWARD? >> THE COST OF THE ARENA IS BASED ON SEVERAL VARIABLES -- SQUARE FOOTAGE, LOCATION, SIZE, POSITION. THERE'S MANY UNKNOWNS. 
          SO PART OF IT REQUIRES THAT WE TAKE A LOT OF RISK WITHOUT KNOWING ALL THE ANSWERS, EVEN AFTER AN LOI. EVEN AFTER A LONG FORM AGREEMENT IS EXECUTED BECAUSE THERE'S LOTS OF WORK THAT NEEDS TO BE DONE TO INSPECT THE SITE AND DO A ROUGH ORDER OF MAGNITUDE. 
          WE'VE GOT A ROUGH ORDER OF MAGNITUDE ON MULTIPLE SIZES TO HELP US UNDERSTAND WHAT OUR RISK 
          EXPOSURE IS. >> MAYOR JONES: WOULD IT BE POSSIBLE FOR YOU TO COME BACK TO 
          THE COUNCIL WITH AN ARENA THAT IS PRICED AT $1 BILLION? >> MAYOR, A $1 BILLION FACILITY PROBABLY DOESN'T MEET NBA STANDARDS EVEN IF WE TAKE THE MOST RECENT PUBLICLY FINANCED FACILITY IN OKLAHOMA CITY. $950 MILLION FINANCED BY THE CITY OF OKLAHOMA ON SALES TAX. 
          THE TEAM WAS FINANCING THE BALANCE. JUST RECENTLY THAT SCOPE AND ROUGH ORDER OF MAGNITUDE GOT INCREASED BY ANOTHER $150 MILLION. 
          SO I WANT TO BE HONEST WITH THIS BODY AND THE PUBLIC, THAT'S UNLIKELY. 
          >> MAYOR JONES: OKAY. SO IF I JUST DO THE QUICK MATH ON THIS, THE $1.3 BILLION STADIUM, THAT'S OVER 62% PUBLICLY FINANCED. OKAY. 
          ERIC, MY DIRECTION IS THE SAME. I'D LIKE TO LOOK AT AN INDEPENDENT ECONOMIC ANALYSIS. 
          I AM CONCERNED ABOUT THE ISSUES THAT HAVE BEEN RAISED HERE ABOUT THE CONNECTIONS BETWEEN CSL AND OTHERS THAT HAVE FINANCIAL INTEREST IN THE VALIDITY OF SOME OF THAT ANALYSIS INCH THAT'S THAT'S IMPORTANT TO UNDERSTAND. IT'S ALSO IMPORTANT THAT WE -- THE ONLY PIECE OF THE ANALYSIS WE HAVE ARE FROM THE SPURS CONSULTANTS AND THEN FROM CSL, WHO DID NOT DO THEIR OWN ANALYSIS AND HAVE A CONNECTION THAT THIS BODY JUST BECAME AWARE OF. 
          OKAY. CAN YOU SUMMARIZE WHAT YOU'VE HEARD TODAY, ERIC? 
          >> WALSH: SO WE WILL EXPLORE WHAT IT LOOK LIKE TO DO AN INDEPENDENT ANALYSIS. 
          AND I'M GOING TO MOVE FORWARD WITH NEGOTIATING TERMS -- THE STAFF WILL -- ON THE DETAILS BEHIND ALL THE STUFF WE'RE HEARING ABOUT. WE'LL DO BOTH OF THOSE. 
          >> MAYOR JONES: MHMM. I WILL PROVIDE THE ISSUES THAT I RAISED IN TERMS OF WHAT WE WANT TO MAKE SURE WE'RE CLEAR ON ANALYSIS. OR MAYBE SOME OF THAT'S ALREADY BEEN DONE AND HASN'T BEEN SHARED. FOR EXAMPLE, WHAT IS THE -- DETERMINING THAT THE SPURS ARENA ON THAT SITE WAS THE HIGHEST AND BEST VALUE FOR THAT CITY-OWNED LAND. 
          OKAY. JUST TO CLARIFY, I THINK IT'S ALSO IMPORTANT THAT WE GET A WAY AHEAD ON THE INDEPENDENT ECONOMIC ANALYSIS BEFORE THE TERM SHEET. 
          >> WALSH: I UNDERSTAND WHAT YOUR REQUEST IS. WE'LL FOLLOW UP AND SEE WHAT THAT TAKES, BUT WE'RE GOING TO MOVE OUT ON BOTH ITEMS. I WANT TO MAKE SURE THAT I'M HEARING FROM WHAT I HEARD FROM THE COUNCIL THIS AFTERNOON OR THIS EVENING. 
          BUT UNDERSTANDING THE REQUEST, THERE WERE SEVERAL COUNCILMEMBERS THAT TALKED ABOUT INDEPENDENT. WE'LL LOOK AT WHAT THAT MEANS AND HOW LONG IT WOULD TAKE AND 
          WHO COULD DO IT. >> MAYOR JONES: MHMM. OKAY. 
          THANK YOU AGAIN TO EVERYBODY THAT PROVIDED THEIR COMMENTS, SOME OF YOU THAT ARE STILL HERE. 
          THERE BEING NO FURTHER DISCUSSION, THE TIME IS NOW 10:00. 
          10:00 P.M. AND THE MEETING IS
* This transcript was compiled from uncorrected Closed Captioning.