BREAKING: The San Antonio city council has voted 7-4 to approve its part of the funding $489M for a new Spurs arena downtown. The voters will now have to approve the next $311M in November for the final costs of the arena @ksatnews pic.twitter.com/VrNk75EVLK

San Antonio is moving ahead with plans to fund a new downtown Spurs arena with up to $489 million in city money, after the City Council voted 7-4 Thursday to approve a nonbinding deal. Why it matters: The vote hands an early defeat to new Mayor Gina Ortiz Jones,

The San Antonio City Council has approved a non-binding term sheet with the San Antonio Spurs for a new arena downtown after an effort to pause it failed 4-7.