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San Antonio Spurs coming to Austin! When you can see NBA games at the Moody Center

Now’s your chance to see a Spurs game without a trip to San Antonio.

The 2022-23 NBA schedule has been released and it includes the “I-35 Series,” with two games at The Moody Center April 6 and April 8. For the first game, the Spurs will be playing the Portland Trail Blazers and the next will be against the Minnesota Timberwolves.

Season ticket holders can secure their seats on Sept. 21 and all other tickets will go on sale Sept. 28.

The Spurs already have a significant Austin presence both through their minor league affiliate, the G-League Austin Spurs, and its ownership, which announced Austin billionaire Michael Dell as a new “strategic partner" in June 2021. You'll also see a new logo on this season's jersey: Austin-based fin-tech company Self Financial.

During a May Bexar County commissioner's meeting, The San Antonio Spurs were approved in a 3-2 vote to move some of its games out of San Antonio and its current home stadium, the AT&T Center. The plan came as a way to boost revenue and cater to its far-reaching fan base.

By the 2023-2024 season, two games will be allowed within 100 miles of AT&T Center as part of the two-year "pilot program.” Bexar County Judge Nelson Wolff said those games could take place in the Alamodome or San Marcos but that Austin would likely be the top contender.

The multi-purpose stadium in San Antonio has a 65,000 capacity, which the team says could allow them to break an attendance record for an NBA regular season game.

While some have taken their coming Austin games as a sign of a future move for the Spurs, the team was quick to shut down those rumors.

The team, which is celebrating 50 years in San Antonio after relocating from Dallas, said it is not looking for an exit but made the plans for games in other cities after stumbling sales amid the pandemic.

While average home attendance plummeted to 27th among the 30 NBA teams this season, the team has a pricey non-relocation agreement through the 2031-2032 season and has recently embarked on a $500 million mixed-use facility in San Antonio's La Cantera area.

The Spurs will also have a game in Mexico City on Dec. 17 and a Jan. 13 game at the Alamodome. Tickets for those go on sale Sept. 10 and Sept. 1, respectively.


With deposition and trial looming, Elon Musk has offered $44B for Twitter, again

Elon Musk has proposed once again to buy Twitter for $54.20 a share.

The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.

The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.

While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.

The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.

After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.

With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.

He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.

Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.

Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.

Austin rents nearly double in a year and are now in the top 5 nationwide

While searching for a place to live, Austin renters will face monthly rates of nearly $3,000, a recent guide from rental marketplace Dwellsy shows.

The median rent in August this year was $2,930, a more than 86% increase since August 2021. That’s $820 more than the nationwide median asking rent in August and puts Austin just below the Bay Area, Boston and New York for large cities with the most expensive asking rent.

“Within this group, Austin, TX stands out for the highest increases in asking rent, which has nearly doubled since this time last year,” the study notes.

Outside of those large cities, however, others are seeing even higher rent spikes. Metro areas that ranked above Austin in one-year increases include those like Kansas City, MO with a 112% change in rent since last August and Tucson, AZ with a 124% change.

The data reflects large apartment communities, single-family homes and 2-6 unit buildings.