Funding plans revealed for San Antonio Missions downtown baseball stadium [Video]

SAN ANTONIO – The details on how a potential San Antonio Missions’ downtown baseball stadium would be financed were revealed Wednesday during a city council meeting.

The proposed plan will be a joint effort between the city, Bexar County and the team’s ownership group.

According to the city, the would-be stadium — located in the northwest section of downtown — would be a multi-purpose ballpark facility with fixed seating for 4,500 people and a total capacity of 7,500.

How will the stadium be paid for?

Chief Financial Officer Ben Gorzell for the City of San Antonio estimates the stadium’s cost at an estimated $160 million. The stadium will be funded with the Missions’ equity contribution, bonds issued by the San Pedro Creek Development Authority and revenue from the Houston Street Tax Increment Reinvestment Zone project.

The Missions are responsible for construction overruns exceeding the estimated cost of the ballpark.

The downtown development, expected to be completed in four phases …