A significant property sale has been finalized in downtown San Antonio, with the city purchasing 5.7 acres of federal property for $30 million. This sale was backed by the Spurs and occurred five years ahead of schedule.

The General Services Administration confirmed the sale, which includes a sale-leaseback agreement. This agreement allows federal tenants to continue operating on the property.

Further details about the sale and its implications for the area, including plans for a new Spurs arena district, are available from the source. The sale is seen as a key step in paving the way for future development in the area.