Austin, TX
David Blitzer Joins League One Volleyball as Austin Co-Owner
League One Volleyball (LOVB) has announced David Blitzer, Peter J. Holt and Amy Griffin will buy the LOVB Austin Volleyball pro team in Austin, Texas.
The group will also gain an ownership stake in LOVB itself. Griffin, through her private equity firm G9 Ventures, had already been involved in the competition as an investor.
Financial details of the LOVB Austin transaction were not disclosed. With assistance from law firm Proskauer, LOVB’s chief growth officer Stephanie Alger led talks with G9 Ventures, Blitzer’s Bolt Ventures and Spurs Sports & Entertainment, which is chaired by Holt.
The original six LOVB teams had all been owned and operated by the league, but Rosie Spaulding, president of LOVB Pro, said there was always a roadmap towards individual team ownership.
Spaulding said in a video interview that the experience in sports that Blitzer, Holt and Griffin bring to the table will be an invaluable asset to LOVB, and that the group was drawn to LOVB Austin by “the model … and the ecosystem approach that we have with the youth community.”
The new stewards of LOVB Austin, which won the inaugural LOVB championship in April, come to a place that has long supported the sport through the University of Texas’ famed program. Nine of the 15 players in LOVB Austin are former Longhorns—keeping with the league’s mission of promoting local stars.
“Austin is such a hotbed for volleyball,” Spaulding said. “Incredible participation on the club side, incredible success in the collegiate side.”
Blitzer is believed to be the first person invested in all five major male U.S. team sports leagues at the same time, though he is in the process of selling the control stakes of MLS’ Real Salt Lake and the NWSL’s Utah Royals to the Miller family. He is the co-owner both of the NBA’s Philadelphia 76ers (valued at $4.57 billion) and the NHL’s New Jersey Devils ($1.7 billion) along with Josh Harris. He’s also an investor in the NFL’s Washington Commanders, of which Harris is the majority owner, and in MLB’s Cleveland Guardians, where he has a pathway to control within the next few years. Through Bolt Ventures, Blitzer holds a stake in Crystal Palace and controls several other European soccer clubs.
While Blitzer has the widest sports ownership portfolio, Holt and Griffin have the strongest ties to Austin and volleyball.
In 1996, Holt’s father, Peter M. Holt, joined the San Antonio Spurs’ ownership group and became the franchise’s majority owner just a few months later. Since then, the Spurs have won five NBA championships, and the family added the NBA G League’s Austin Spurs and the USL’s San Antonio FC to its holdings. (Its former WNBA team, the San Antonio Silver Stars, was sold to MGM International in 2017. The Stars became the Las Vegas Aces, currently the most valuable team in the W.)
Peter J. Holt succeeded his father and mother as the chairman and CEO of Spurs Sports & Entertainment in 2019. The Spurs are valued at $3.79 billion, ranked 20th in Sportico’s NBA franchise valuations.
Griffin, the managing partner of G9 Ventures, leads a private equity firm with investments in On Running, Bumble, Oura and Spanx, among other consumer products. G9 is already an investor in the league, and Spanx is a league-wide sponsor.
A Texas native, Griffin is a former outside hitter and team captain of the women’s volleyball team at the University of Virginia. She is also a New York Times bestselling author. Her memoir The Tell was released in March.
In January, Spaulding said LOVB was weighing expansion outside of its six current markets. When asked this week if the league would focus on adding new clubs or sell the existing teams to well-heeled owners, Spaulding said that pairing the original teams with the right group is more important.
“In approaching the idea of team ownership, we’ve really focused on bringing together the right individuals in the right markets versus selling all teams outright,” Spaulding said. “We’ll continue to be super deliberate and intentional in identifying those [ownership] groups and ensuring that they’re aligned with… what we’re building here, not just on the pro side, but [having] a true ecosystem through our youth-to-pro model.”
Austin, TX
New Texas law tightens rules for autonomous vehicle companies, including Waymo
AUSTIN, Texas — Self-driving cars have become a common sight on Austin streets, but a new Texas law is adding tougher requirements for the companies behind the wheelless vehicles.
Senate Bill 2807 imposes stricter rules on autonomous vehicle companies operating in the state, including state authorization, emergency response plans for law enforcement, and a public portal where residents can verify operators and file safety complaints.
The changes come as Austin continues to track incidents involving autonomous vehicles. The city’s autonomous vehicle dashboard shows 75 incidents in 2026, including a collision, eight near misses, and seven incidents of ignoring police direction.
Attorney Drew Gibbs, a partner at Slingshot Law, said one crash involved a Waymo vehicle.
“There was a T-bone collision. A pretty serious T-bone collision where a Waymo just crashed into the side of my client’s vehicle,” Gibbs said.
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One of the incidents of ignoring police direction happened during the mass shooting on West Sixth Street back in March, when three people died, and 15 others were injured.
Austin Police Association President Michael Bullock said autonomous vehicles can struggle in unusual situations.
“It didn’t impede on anything in the moment, but it’s not necessarily uncommon where these vehicles don’t quite know how to deal with these one-off scenarios,” Bullock said.
The new law requires autonomous vehicle companies to be authorized by the state, to provide an emergency response plan for law enforcement, and to participate in a public-facing portal that allows the public to verify operators and submit safety complaints.
Kara Kockelman, a professor of transportation and engineering at the University of Texas at Austin, welcomed the added oversight.
“I’m glad that the state is taking this a bit more seriously now,” she said. “It’s important not to just let others slip in without kind of meeting those basic minimums.”
Bullock said the emergency planning requirement may not make a major difference in fast-moving situations. Asked how impactful it is to have a fully laid out emergency response plan, Bullock said, “These plans are great, but it takes time to work through all of those versus the immediacy of having someone behind the wheel.”
The four autonomous vehicle companies operating in Austin — Waymo, Zoox, AV-Ride, and Tesla — are all state-authorized.
The Texas DMV said an autonomous vehicle company can lose its authorization to operate in Texas if the agency deems the vehicles are operating in a way that endangers public safety.
Waymo was contacted for comment, but had not responded.
Austin, TX
Jane Nelson, Texas’ top election official, stepping down as Secretary of State
AUSTIN, Texas – Texas Secretary of State Jane Nelson said Tuesday she will leave the post next month.
What we know:
In a statement, Nelson said her resignation will be effective July 17 but did not provide a reason for the departure.
“It has been an honor to serve the people of Texas in this role,” Nelson said. “My time as Secretary came at an important moment for Texas, and I am proud of what we have been able to accomplish as an agency in under four years.”
Nelson has served in the role since 2023.
Among other things, the Secretary of State oversees elections and business filings in the state and serves as the chief diplomat of Texas.
View of Texas State Senator Jane Nelson, during the 80th Texas Legislature, on the floor of the Senate at the Texas State Capitol, Austin, Texas, January 22, 2007. (John Anderson/The Austin Chronicle / Getty Images)
What they’re saying:
Texas Gov. Greg Abbott described Nelson as extraordinary.
“I am deeply grateful for her long and loyal service and outstanding leadership. She has represented our state with grace and honor across the globe, and Texas is better because of it,” Abbott said. “Cecilia and I wish her all the best in the next chapter of her distinguished career.”
Dig deeper:
According to the Secretary of State’s office, Nelson has presided over seven statewide elections during her tenure with a cumulative 27 million ballots cast and broke a record with more than 3 million active business filers.
Nelson also served three decades in the Texas Senate, where she remains the longest-serving Republican in state history.
The Source: Information in this story came from the Texas Secretary of State’s office.
Austin, TX
Austin OKs $2.35 billion of revenue bonds, eyes GO bond election
Michael Dorman
Austin, Texas, is revving up to sell $2.35 billion of debt for a convention center and a wastewater treatment plant, while a legal battle continues over bonds to help finance a light rail system.
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The bond boom comes as the city council voted on Thursday to pursue the development of a $390 million baseline general obligation bond package for the November ballot despite a call by Mayor Kirk Watson to wait until 2028.
“I believe we can and we should bring forward significant investments in the future,” he said. “In fact, if we restore compliance with our financial policies and we maintain the discipline we actually will have greater future capacity to do more for this community in 2028.”
A bond election would
The city, which last held a successful GO bond election in 2022 for $350 million of debt for affordable housing, had $1.03 billion of unissued voter-approved GO bond authorization as of the Sept. 30 end of fiscal 2025. Last year,
On Thursday, the city council signed off on a $34.5 million wrongful prosecution and conviction settlement with four individuals to be financed through the sale of non-voter-approved GO bonds.
The council approved up to $1.35 billion of special tax revenue bonds on May 21 for a $1.6 billion project to replace the city’s now-demolished convention center with a facility that will increase rentable event space to 620,000 square feet from 365,000 square feet.
Rich Saskal
The bonds are backed with revenue from certain city hotel occupancy taxes and incremental state tax revenue generated within a project finance zone the city established in 2024. Amounts and timings for issuing the debt are being determined, according to the city, which filed a petition with a Travis County District Court for an expedited validation of the bonds.
An ordinance approved in October
The city also plans to refund hotel occupancy tax-backed debt issued for the prior convention center in order to pledge a 4.5% hotel tax for the upcoming bonds.
“The refunding bonds are a separate, but related item to the expansion bonds and will only be secured by 2% venue HOT,” city documents said. “The 2% venue HOT will not be pledged to the expansion bonds and will cease to be collected upon final maturity or early payoff of (the refunding bonds).”
A petition drive that would have delayed the project fell 494 signatures short of a requirement for 20,000 valid signatures of registered voters, Austin City Clerk Erika Brady determined in November.
Petition backers are appealing a district court’s refusal to force validation in state appellate court after the Texas Supreme Court dismissed
The petition drive by Austin United PAC and others sought a ballot measure to stop the demolition and reconstruction of the convention center for seven years — or until the project was approved by voters — and prioritize city funding for local live music, arts, cultural, and outdoor tourism.
The Austin City Council also approved as much as $1 billion of water and wastewater system revenue bonds last month for the Walnut Creek Wastewater Treatment Plant expansion and enhancement project. The bonds will be used to obtain a direct low-interest loan from the U.S. Environmental Protection Agency’s Water Infrastructure Finance and Innovation Act program.
Other financing sources for the $1.5 billion project are $59 million from the Texas Water Development Board Clean Water State Revolving Fund program and funding from Austin Water.
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The plant, which serves more than 50% of Austin and operates at a treatment capacity of 75 million gallons per day, will have its capacity increased to 100 MGD, helping meet future demand and requirements set by the Texas Commission on Environmental Quality for Austin’s projected growth of 1.5 million by 2040, according to a city statement.
A legal logjam over a light rail system eased May 22 when the Texas Supreme Court finally ruled on a procedural issue related to an initial $150 million of bonds for the project. The high court ordered a Travis County Court judge to decide whether the bonds’ issuer, the Austin Transit Partnership, a nonprofit corporation created by the city and Capital Metro Transportation Authority, has standing to seek court validation for the debt.
City taxpayers who filed a lawsuit in 2023, along with the Texas Attorney General’s Office have been challenging the legality of the bonds, which would be paid off with a portion of Austin’s operation and maintenance property taxes
Escalating costs led ATP to downsize Project Connect to an initial less than 10-mile, 15-station system with a similar price tag. The completion of a federal environmental review in January allowed the project to continue a process
ATP said Project Connect is moving forward with construction scheduled to begin next year.
“We are confident in our case and look forward to our day in court,” ATP said in a statement. “The pending litigation has not slowed our progress advancing Austin light rail, which has hit major milestones in the federal funding process, design, and pre-construction work this year.”
Bill Aleshire, an attorney who filed the taxpayers’ lawsuit, cautioned that several issues remain before the court, including the legality of the downsized project and the ability to pay off bonds with property tax revenue that is supposed to be used for operations.
“Their federal funding is uncertain, their ability to issue bonds is uncertain, and they just stubbornly will not listen to us and say it’s time to pause Project Connect and rethink it, that maybe rail isn’t the best way to go at this time and maybe we can’t afford it at this time,” he said.
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