City Council is expected to vote sometime in January whether to acquire federal land at Hemisfair to facilitate the Project Marvel development, a city official told the San Antonio Business Journal last week.
The city’s Planning Commission on Wednesday unanimously voted to bring the potential purchase of the government-owned 6-acre parcel to a vote by council. The land, targeted under the Trump administration budget cuts, includes an office building at 727 E. Cesar Chávez Blvd. and two parking lots on Indianola Street.
The potential sale price wasn’t immediately available, according to the SABJ.
Even if the city does purchase the site, federal tenants will remain at the spot for the next five years as the city works out plans, the publication reports.
It’s unclear what the site will be used for based on the city’s initial renderings of Project Marvel.
The city is pursuing the ambitious and controversial Project Marvel project to develop a $4 billion sports-and-entertainment district that’s likely to include an expanded convention center, a renovated Alamodome, a concert venue and a new hotel. The district will be anchored by a new downtown arena for the Spurs, which voters approved in November.
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