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Thursday, July 28, 2011

Sacramento arena financing plan?

from this morning's Sacramento Bee (7/28);


Mayor's panel focuses on 'user fees' to fund new Sacramento arena
By Tony Bizjak, Ryan Lillis and Dale Kasler
Published: Thursday, Jul. 28, 2011 - 12:00 am | Page 1A
Last Modified: Thursday, Jul. 28, 2011 - 8:25 am

"Five years ago, Sacramento tried to finance a downtown sports and entertainment arena by asking voters to tax themselves. The result: an overwhelming "No way!"

With just weeks to go before a Sept. 8 deadline to reveal a new arena financing plan, the mayor's brain trust is taking a new approach they say will be more palatable.

New taxes are unlikely. Instead, it's pay to play.

Aides to Mayor Kevin Johnson say they're focused on user fees such as ticket surcharges for people who attend arena events. That revenue could be coupled with event-night parking fees at downtown garages, new corporate sponsorships, and up-front money from private companies that could build and operate the arena for the city." ...

for the complete story

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