What if it took an act of Congress to keep the Spurs in San Antonio? With the team playing two games in Austin this season, Rep. Tony Gonzales worries it might. Enter, the SPURS Act.
Mural of Spurs greats Manu Ginobili, Tim Duncan and Tony Parker by Albert Gonzales on a building at South St. Mary's and Pereida streets.With the team playing two games in Austin this season and Austin billionaire Michael Dell buying a 10 percent share of the team last year, U.S. Rep. Tony Gonzales worries it might, even as the“Where there’s smoke, there’s fire — and there’s absolutely smoke,” the San Antonio Republican said.
The legislation would require teams to give a year’s notice if they want to relocate, and it would allow local governments to veto the move. It would also force teams that do move to reimburse whatever financial assistance or incentives were provided to them, such as special tax incentives or arena financing. Local governments could sue teams for damages, as well.
But he argued that cities make serious commitments to teams to keep them, offering generous tax breaks and other incentives. And the teams become important to local economies. Each year, the Spurs generate an estimated $696 million for San Antonio, supporting close to 2,000 jobs.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Texas Rep. Tony Gonzales files legislation to keep Spurs in San AntonioThe SPURS Act would set up strict requirements for any pro sports team to relocate and...
Leer más »
Spurs’ Keldon Johnson to miss start of preseason after dislocating shoulderSan Antonio Spurs forward Keldon Johnson will miss the start of training camp this week due to a dislocated shoulder, according to a San Antonio Spurs spokesperson.
Leer más »
Spurs add WNBA's Candice Dupree to coaching staffThe Spurs made a flurry of staff moves Friday, highlighted by the addition of former WNBA...
Leer más »
Spurs' Keldon Johnson to miss start of camp with shoulder injuryKeldon Johnson, the Spurs' leading returning scorer, is expected to miss the majority of...
Leer más »
Former Temple, WNBA star Candice Dupree joins the San Antonio Spurs’ staffDaily News | Former Temple, WNBA star Candice Dupree joins the San Antonio Spurs’ staff
Leer más »
Record WSL crowd sees Arsenal cruise to 4-0 win over SpursVivianne Miedema scored twice in Arsenal's commanding 4-0 victory over Tottenham Hotspur in front of a Women's Super League record crowd of 47,367 at the Emirates Stadium on Saturday.
Leer más »