Last year the City of San Antonio lost $227,000 operating Market Square.
Now plans to sell it are out. The article reports the City of SA has a $2.3 Billion budget, it does not say what the potential deficit might be.
My sense is that the recession is now upon San Antonio. Officials have thus far maintained that San Antonio is doing much better than other parts of the country, I agree. But events such as this suggest that slowdown has arrived in SA. The large number of Federal employees and diversified economy will undoubtedly make the R easier here than in say Michigan! We will continue to track developments for you.
This is the problem with so many govt ideas. Without stockholders there is no one minding the store or demanding a return on equity
Alamodome
Sea World Fiesta Texas, good ideas but probably not living up to the promise
Downtown subsidized convention complex – the folks at TSCPA tell me San Antonio is too expensive to have conventions here!
Market Square
Hemisphere – restaurant on needle closed for a year, wrong occupant
On the other hand the spurs at the ATT center work pretty well and as far as I know neither of those is subsidized….
Professor Elam 
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