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SAN ANTONIO HERON
THE WEEKLY NEWSLETTER
Sunday, May 8, 2022

Dear Heron readers,

The city of San Antonio has a new bond program. Last night, voters passed all six propositions, which total $1.2 billion worth of infrastructure upgrades across the city over the next five years. Also, with the deadline for protesting your property appraisal a week away, we offer a step-by-step guide for lowering your home value—and, therefore your taxes—for free. Finally, the iconic Tower Life Building was sold. 

But before we get to those stories, a reminder:

As a nonprofit newsroom, our journalism is independent and funded primarily by you, our readers. We like it that way. Will you help us sustain our mission of reporting on San Antonio growth by donating today?
Yes, I support the Heron!
Now, here's a look at the news you may have missed.
[  ELECTION 2022  ]
$1.2 billion bond package passes overwhelmingly

✍️: Ben Olivo @rbolivo | Heron editor
📸: Isaiah Alonzo | @isaiah__alonzo | Heron editor

The city of San Antonio's $1.2 billion bond package, the largest in its history, passed by a strong margin late Saturday. The program consists of more than 182 infrastructure projects across San Antonio over the next five years. Read more.

» Related: How municipal bonds work, and a brief history of them in San Antonio

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Texas voters approve two modest property tax relief measures 
[  PROPERTY VALUES  ]

The appraisal process in Bexar County can be confusing to local homeowners who worry about how they’re going to pay their property tax bill. This guide explains how to protest your appraisal for free. Read more.

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[  EVENTS  ]
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[  TRANSACTIONS  ]

✍️ 📸: Ben Olivo @rbolivo | Heron editor

A group led by the McCombs family has purchased the Tower Life Building from the Zachry family, which had owned the building for nearly 80 years. The ownership group also includes local developer Ed Cross and Jon Wiegand, founder of investment firm Alamo Capital Advisors. The deal closed last Monday. Read more.

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SPONSOR
Interested in sponsoring us? Please contact Karenna Reyna, karenna@saheron.com.
[  INBOX EXTRA  ]
Briefs

» The San Antonio Book Festival, which takes place May 21 at the Central Library and Southwest School of Art, has released its official schedule packed with more than 90 national, regional and local authors. The event is free and runs 9 a.m.-5 p.m. Read more. 

» The Pearl's Summer Night Market continues on May 18 with an array of products and grub from more than 40 local vendors and the musical stylings of Mariachi Las Coronelas. The fair takes place 5-9 p.m. every other Wednesday. Here the complete schedule:
» June 1, performance by Noah Harris
» June 15, performance by Spud Sims
» July 6, performance by Kathryn Legendre
» July 20, performance by Juliette McConkey
Read more.

Did you know ...
The Heron is a 501(c)(3) nonprofit? Give at least $25, and we'll send you a Heron swag kit including this comfy Next Level shirt!
Send me that shirt!
If you run a business or organization and are searching for sponsorship opportunities, email Karenna Reyna at karenna@saheron.com.
[ IN CASE YOU MISSED IT ]
Circa-1920s Exchange Building up for sale
Weston Urban names 32-story apartment tower in downtown San Antonio: 300 Main
New affordable housing model in Texas takes shape on East Side
News roundup
» Bill Miller Bar-B-Q still plans to build its new headquarters on the West Side, but construction costs have delayed the move from its longtime downtown offices and commissary, the San Antonio Express-News reports.

» Dallas developer RRAEF Communities has purchased more than 3,000 acres of undeveloped land between San Antonio and Austin as it looks to capitalize on the Hill Country boom, the Express-News reports.

» The city's noise ordinance pilot program, which ended last month, yielded 53 local businesses, which were cited for violations, the Express-News reports.
What we're reading
» Austin becomes first Texas city to test a taxpayer-funded 'guaranteed income' program (TEXAS TRIBUNE)
» Homes in 97% of U.S. cities are overvalued, Moody's says (CBS NEWS)
» What does affordable housing do to nearby property values? (BLOOMBERG CITYLAB)
Our mission
You're still here! So you know ... the San Antonio Heron is committed to reporting on downtown growth and the ripple effect it has on inner city neighborhoods, while mentoring local students interested in serving their community through storytelling.

Will you help us sustain our mission by donating today?
Compiled by Ben Olivo, Heron editor
ben@saheron.com | 210-421-3932 | @rbolivo on Twitter

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