PBT: Sac still looking for way to pay for new arena

July 29, 2011, 4:33 pm
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July 29, 2011
Kurt HelinProBasketballTalk.com

While the lockout has stopped Sacramento Kings Jimmermania marketing efforts they cant even talk about the guy, let alone show him off all over town it has not stopped the drive to get a new arena built.It cant, the deadline has not changed. If by next March the NBA owners are not impressed with progress toward a new arena in Sacramento including how to pay for it they will give the Maloof brothers permission to move the Kings to Anaheim or whatever other city they so choose.How to pay for it will be the sticking point, and a financing plan is supposed to be presented by Sept. 8. Mayor Kevin Johnson and his task force are trying to figure that part out, and the Sacramento Bee updates us on the effort.Aides to Mayor Kevin Johnson say theyre 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.READ MORE AT PROBASKETBALLTALK.com

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