Financial Details On New Sacramento Arena Continue To Trickle Out

The artistic renderings of what a new Sacramento arena would look like are the candy. The financial details -- how much?, who pays for what?, how again? -- make up the vegetables. Brussel sprouts. Chard. Spinach. The nasties to all but the most refined tastes. (Wally, Otis and the number-crunchers of the commentariat definitely love their sprouts.)

The vegetables are being presented at the table. From the Bee's Marcos Breton:

[T]here have been hints from the Kings owners that they would be open to being tenants in a new building.

That could be a game changer.

A game-changer indeed -- as Breton notes, that'd open the path to an arena operator like AEG (which runs STAPLES Center and the Sprint Center in Kansas City) to build and run the gym. That helps the initial funding side a ton.

How was Sprint Center funded? Breton, again:

AEG invested $53.2 million into the construction of the Sprint Center. The naming rights of that arena brought a hefty investment as well. And much of the rest was funded by fees on hotels and rental cars.

Kansas City did not saddle its residents with a direct tax. Fears over fees on hotels and rental cars proved overblown.

Boom. Add in a big league tenant -- K.C. has Big 12 athletics and arena football, by comparison -- and it looks sunny as hell on Satan's birthday.

That doesn't mean the public won't be leaned upon in some way, or that everything's free and clear because there's a good plan. It takes buy-in at all levels, and that's always a challenge. That's why we need to stay engaged as fans. (If you can, please join the Here We Stay crew at the presentation of the plan Thursday from 1-3 at City Hall.) 

UPDATE: The city released a brief report on the presentation coming Thursday. It calls for a public-private partnership, but doesn't get into the specifics. (They do match the other trickles of info.) It also calls for a 100-day technical review; that puts the review completion at about Labor Day. That means no ballot measure for November, obviously.

The Presidential Primary ballot is scheduled for February 7, 2012, if needed. That's a month before the next relocation deadline. (But let's hope no ballot-box financing is needed.)

UPDATE 2: A reader advises that the February primary will likely be consolidated with the Legislative primary and moved to June. So it looks like as if based on the schedule there will be no time for a ballot measure between the end of the technical review and the NBA's deadline.

Log In Sign Up

Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join Sactown Royalty

You must be a member of Sactown Royalty to participate.

We have our own Community Guidelines at Sactown Royalty. You should read them.

Join Sactown Royalty

You must be a member of Sactown Royalty to participate.

We have our own Community Guidelines at Sactown Royalty. You should read them.




Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.