The sale and the sale price were transmitted by sources close to the transaction. The purchase should be finalized at the end of November.
The agreement makes sense on several levels. The missions and the owner of the team Elmore Sports Group has been discussing a new ballpark since 2012(!) with Graham Westonwho first made his financial mark by launching Rackspace Technology web hosting, then transition to real estate development under the Urban Weston nickname. Bexar County Judge Nelson Wolff–yes, the man behind the original Nelson Wolff Stadium–confirmed the pair are working on a new stadium plan this summer, either in downtown San Antonio or at one of the many nearby sites where the ballpark would be the centerpiece of a new development. (Yes, this should sound familiar if you’ve been following baseball stadium development lately; witness richmond and Knoxville.) Earlier, we reported that Weston Urban had been involved in two downtown development efforts near the redeveloped San Pedro Creek or the former Lone Star Brewery site south of downtown. The company is also said to have acquired other plots of land downtown.
A new Missions ballpark is also not a new topic in San Antonio, as a slew of other potential ballparks have been pitched; a Hemisfair site, a site near the Alamodome, etc. These efforts predate MLB’s overhaul of MiLB, which saw the missions demoted to the Double-A ballpark, losing its Triple-A status. With the new MiLB facility standards being implemented by MLB, it became pretty obvious that Nelson Wolff Stadium would need millions and millions of upgrades just to meet the standards without the expectation of fueling future economic activity.
A new stadium could also propel San Antonio into a Triple-A market, as was the case in 2019 and the canceled 2020 season — which is also of interest to local officials, leading to a possible affiliation with a Texas-based MLB team.
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