local
San Antonio Spurs owner reportedly spends millions buying land on Hawaiian Island
By Michael Karlis at San Antonio Current (alt-weekly)
· June 24, 2026
· 1 min read
Editor’s note: New documents obtained by the San Antonio Express-News show that the land in question wasn’t purchased by Peter J. Holt. Instead, the deal involved a trust affiliated with his father, Peter M. Holt, who is no longer involved in the Spurs’ leadership. Please see the Current’s new st...
Key takeaway Instead, the deal involved a trust affiliated with his father, Peter M.
Why this matters in Terrell Hills News
The recent land purchase by Peter J. Holt in Hawaii raises questions about the financial priorities of the San Antonio Spurs' ownership. As the team continues to explore options for a new arena, Holt's ability to spend millions on a Hawaiian island suggests that the organization's claims of financial constraint may be overstated. This development may impact the ongoing discussions between the team and the City Council, where Holt has argued that the team cannot afford to contribute significantly to the construction of a new arena. The fact that Holt can invest in luxury real estate while seeking public support for the team's facilities may lead to increased scrutiny of the team's financial dealings and potentially alter the dynamics of the arena negotiations. As the city considers its role in supporting the Spurs, residents of Terrell Hills and the broader San Antonio area will be watching to see how this new information affects the team's efforts to secure a new home.
About this story
Original reporting by San Antonio Current (alt-weekly) . Terrell Hills News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit San Antonio Current (alt-weekly) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 24, 2026 ·
Source: San Antonio Current (alt-weekly) ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Editor’s note: New documents obtained by the San Antonio Express-News show that the land in question wasn’t purchased by Peter J. Holt. Instead, the deal involved a trust affiliated with his father, Peter M. Holt, who is no longer involved in the Spurs’ leadership. Please see the Current’s new st...
When was this published? This article was first published on June 24, 2026 by San Antonio Current (alt-weekly) and curated for Terrell Hills News readers.
Who reported this story? This story was reported by Michael Karlis at San Antonio Current (alt-weekly). To learn more about how Terrell Hills News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Terrell Hills News, or browse our daily briefing and topic hubs .
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