Study Reveals Economic Impact of Frost Bank Operations on City and Future Arena

August 06, 2025 | San Antonio, Bexar County, Texas


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Study Reveals Economic Impact of Frost Bank Operations on City and Future Arena
San Antonio is poised for significant economic growth following a detailed economic impact study presented during the City Council meeting on August 6, 2025. The study, focusing on the Frost Bank Center and its future operations, highlights the potential for substantial financial benefits to the city and county.

The analysis indicates that over the past 20 seasons, the Spurs have generated approximately $578 million in new revenue for San Antonio, contributing around $3.7 million in new taxes. Looking ahead, the introduction of a new arena is projected to boost annual revenues by nearly $900 million in its first year, with expectations of continued growth over the following years.

Key findings from the study include the creation of an estimated 1,100 new jobs linked to the arena's operations and increased hotel stays, which are anticipated to rise significantly. The potential for hosting an NBA All-Star Weekend, previously hindered by scheduling conflicts with local events, is also highlighted as a major opportunity for economic impact, with projections suggesting a contribution of around $300 million to the local economy.

The report emphasizes the importance of local participation in construction projects, with a commitment of $1 million allocated for local companies and the creation of 1,000 jobs for residents. This focus on local engagement aims to ensure that the economic benefits of the arena's operations are felt throughout the community.

As San Antonio prepares for these developments, the City Council's discussions underscore a forward-looking approach to leveraging sports and entertainment for economic revitalization, promising a brighter financial future for the city and its residents.

View full meeting

This article is based on a recent meeting—watch the full video and explore the complete transcript for deeper insights into the discussion.

View full meeting

Sponsors

Proudly supported by sponsors who keep Texas articles free in 2025

Scribe from Workplace AI
Scribe from Workplace AI