“Build it, and they will come.” This is the motto of the San Antonio Mission ownership, who are hoping that their $160 million downtown ballpark project will ignite a wave of new development.
The private investment for this project is expected to include a mix of hospitality, residential, and other economic activities. According to the San Antonio Business Journal, this new development would generate additional tax revenue for the city’s existing Houston Street Tax Increment Reinvestment Zone. This funding would help finance an 8,000-seat stadium in northwest downtown with hopes of completing it by 2028.
The private backing for this project comes from Missions ownership group and specifically from Weston Urban co-founders Graham Weston and Randy Smith. The investment will be divided into four phases with an estimated cost of $575 million for the first two phases which are set to be completed by 2029. The latter two phases are projected to finish by 2031.
Overall, there is great potential for further investment as a result of this ballpark construction in San Antonio.
