Not true at all. That could possibly be true for the arena, but not the rest of the project. That's why when you hear Holt or anyone with the Spurs they say your local taxes won't be used to fund the arena.
Which, that is also most likely a lie. They haven't disclosed who is paying the cost overruns. That means the city and local taxpayer will. These are always underestimated intentionally to get them passed then extra taxes will pay the overruns. Could also use revenue from increased parking fees at the arena, increased parking fees across the city, and other increase in fees to cover some of it. That's what happened in Arlington.
Not saying you shouldn't vote for it, but the language they use is deceptive and boarding on outright lies. SA should demand better than that. Let the people know the exact amount range they will need to fund and let them decide on truth and honesty.