Ballpark Project Agenda Item #5
September 12, 2024
Ben Gorzell, Jr. Lori Houston
Chief Financial Officer Assistant City Manager
Ballpark Project - Summary
Team is proposing to construct a new downtown minor league
ballpark with approximately 4,500 fixed seats and total
capacity for approximately 7,500
Estimated cost is approximately $160 Million inclusive of
land
Primarily paid for from Team equity, Team revenue,
property tax increment, and assessment revenues from
new taxable development
Ballpark completion expected in time for opening day in
April 2028
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Ballpark
Project
Site Map
All properties for the Ballpark site have been
acquired with the exception of the SAISD site
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Ballpark Funding
City and County to create the San Pedro Creek Development Authority
Authority would own the Ballpark
Proposed Ballpark is located in the Houston Street Tax Increment
Reinvestment Zone (TIRZ)
Funding of approximately $160 Million for the Ballpark is expected to include:
Team Equity Contribution of $34 Million
Bonds to be issued by the Authority with a pledge of revenue from
the Houston Street TIRZ
─ Generate proceeds of approximately $126 Million for the Project
Team is responsible for construction overruns (exceeding
Guaranteed Maximum Price (GMP))
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Proposed Plan of Finance
Tax-Exempt and Taxable Bonds to be issued by Authority with
a pledge of Houston Street TIRZ
Conditions required prior to Bond issuance
Bonds will be repaid by:
Team Revenue
─ $1 Million Annual Lease Payment
─ $2 Ticket Fee
Guaranteed City and County property tax increment Team to provide 2-Year rolling Line of Credit with
and assessment from Municipal Management District value based on projected risk over the upcoming
(MMD) on Phase 1 and 2 of New Development 2-Year period
Existing City and County Houston Street TIRZ Subset of Team owners to provide an additional
capacity Line of Credit
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Houston Street TIRZ New Private Development
ESTIMATED ESTIMATED TAXABLE VALUE
PHASE Ballpark
COMPLETION DATE BY PHASE
site
1 2027 $300,000,000
2 2029 $275,000,000
3 2030 $275,000,000
4 2031 $150,000,000
TOTAL $1,000,000,000
New private development will not receive any public funding or incentives.
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Bonds to be issued for the Ballpark
Ballpark
site
$1 Million Annual Lease Payment
$2 Ticket Fee
Phase 1 and 2 New Private Development
Houston Street TIRZ City and County Property Tax Increment
Assessment from Municipal Management District
Existing Houston Street TIRZ Capacity
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Other Provisions
Ballpark Maintenance Local Participation and
& Capital Improvement Fund SBEDA Plan
Team to contribute $250,000 annually Prime Contracts – Primary vendors, if not located in Bexar
County, for design/engineering and construction will be
City to contribute $500,000 annually (funded from the Houston encouraged to joint venture with a local partner
Street TIRZ)
Diversity Outreach – Primary vendors will provide outreach
plans for identifying local, small, minority, veteran, and women
Traffic, Security, and owned subcontractors
Cleanliness Plan Construction Packages – Construction packages will be
City and Team to collaborate on the development of a traffic, assigned goals for SBEDA subcontractors
security, and cleanliness plan for the areas around the Ballpark
for game and event days
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Community Benefits
Public Amenities – Amenity and green Stakeholder Advertising – SAISD Program – Under
space will be made available to the public Exploring electronic advertising development, initial concepts
opportunities (public service include internships, access to
Youth Program – Under development, announcements) for Team facility, and stakeholder days
Team shall develop a youth program to announcements
include a number of free tickets per year Wage Commitment – The Team
to disadvantaged youth and youth groups, San Antonio 1888 Baseball shall provide full-time and part-time
teams, etc. Foundation –Shall contribute at positions which will be paid at least
least $200,000 annually to support equal to the minimum of the City’s
Stakeholder Days – City and County local initiatives regarding children then current entry wage
shall have access to the Facility for 5 days and homeless veterans
per year – cannot conflict with other Fair Chance Employer – Continue
events Veterans – Team will make an effort practice to “ban the box” as a Fair
to hire veterans for game day Chance Employer and not conduct
operations background checks until after an
interview and an offer is made
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Soap Factory
Relocation Plan
Redevelopment of Soap Factory Apartments
Phase 1: Includes redevelopment of the property at
500 N Santa Rosa and is anticipated to start in
October 2025
Does not include demolition of the 1850’s lime
stone building
Phase 2: Includes redevelopment of the property at
601 N Santa Rosa and is anticipated to start in
September 2027
Phase 3: Includes redevelopment of the property at
600 N Santa Rosa and is anticipated to start in
September 2029
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Phase 1 Soap Factory Relocation Plan
September 2024-2025
Moving Application and No Early
No Rent 1st Months Income
Options Expenses Deposit Fees Termination
Increase Rent Free Restricted
Paid Waived Fee
Relocate to another unit at Soap
Factory Apartments X X X X
Relocate to a new unit at
Continental Block Apartments X X X
Relocate to a unit at Refugio,
Hemisview, or 100 Labor
(Beacon Communities)
X X X
Relocate to another Beacon
Communities Property outside
of downtown.
X X X
*Only applies to current residents. Residents with leases executed after October 1, 2024, are not eligible.
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Phase 2 Soap Factory Relocation Plan
August 2026 - 2027
Moving Application and No Early
No Rent 1st Months Income
Options Expenses Deposit Fees Termination
Increase Rent Free Restricted
Paid Waived Fee
Relocate to another unit at Soap
Factory Apartments X X X X
Relocate to a new unit at
Continental Block Apartments X X X
Relocate to a unit at Refugio,
Hemisview, or 100 Labor
(Beacon Communities)
X X X
Relocate to another Beacon
Communities Property outside
of downtown.
X X X
*Only applies to current residents. Residents with leases executed after October 1, 2024, are not eligible.
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Phase 3 Soap Factory Relocation Plan
August 2028-2029
Moving Application and No Early
Options No Rent 1st Months Income
Expenses Deposit Fees Termination
Ph3: August 2028 - 2029 Increase Rent Free Restricted
Paid Waived Fee
Relocate to a new unit at
Continental Block Apartments X X X
Relocate to a unit at Refugio,
Hemisview, or 100 Labor
(Beacon Communities)
X X X
Relocate to another Beacon
Communities Property outside
of downtown.
X X X
* Only applies to current residents. Residents with leases executed after October 1, 2024, are not eligible.
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Building Brighter Communities
For the next 5 years Building Brighter Communities will bring access to rent, moving and utility assistance programs to
Soap Factory Apartment residents and will also assist with the paperwork for signing up for the programs. Their bilingual
team have already begun meeting with residents one on one and will be on location for 3 days a week initially (Mondays
and Wednesdays morning and evening; Saturday mornings) and as needed thereafter to provide relocation services for
each resident and their unique circumstance and desires.
Building Brighter Communities will help identify additional properties appropriate for residents’ individual needs and
income bracket.
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Rental Relocation Assistance
Upon leaving the Soap Factory Apartments, Phase 1 tenants will receive a $2,500 rental relocation package.
The Soap Factory Apartments Rental Relocation Assistance Program will be administered by Building Brighter
Communities and funded by the following:
$250,000 from Weston Urban
No Income Restrictions
Only applies to current tenants. Tenants with leases executed after October 1, 2024, are not eligible.
$250,000 from the City of San Antonio
80% AMI or below
Must have lived in the unit for at least 1 year prior to October 1, 2024.
A phase 1 tenant that chooses to stay in one of the available units in another building on property will still receive the
$2,500 but disbursement will not be made until they are ready to exit the Soap Factory property.
Any remaining funding after all Phase 1 tenants are addressed may be used for Phase 2 or 3 tenants if the tenant is willing
to leave the property by September 2025.
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Next Steps
Funding Agreement with Building Brighter Negotiate and develop other Development
Communities for the Rental Relocation Agreements
Assistance Program. ─ Economic Development Agreement in
Creation of San Pedro Creek Development 2024
Authority in 2024 ─ Team Lease in 2025
Creation of Municipal Management District ─ Developer Agreement in 2025
(MMD) in 2024
─ Bond Indenture and other financing
Houston Street TIRZ – Adjust boundary for New documents in 2025
Development parcels currently in Westside TIRZ ─ TIRZ Funding Agreement in 2025
and extend term in 2024
Explore expanding Downtown Public
Westside TIRZ - Increase City participation rate Improvement District (PID)
from 90% to 100% and extend term in 2024
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Staff Recommendation
Staff recommends approval of the Memorandum of Understanding among
the City of San Antonio, Bexar County, Designated Bidders, LLC, and
Weston Urban Management, LLC as presented to City Council on
September 12, 2024.
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Ballpark Project Agenda Item #5
September 12, 2024
Ben Gorzell, Jr. Lori Houston
Chief Financial Officer Assistant City Manager
