The Kings Herald

Independent Sacramento Kings Coverage. By Fans, For Fans. | Support Us On Patreon

Sacramento County Commits Downtown Parking Revenue To Arena Project

By | 0 Comments | Feb 19, 2019

The Sacramento County Board of Supervisors today voted to commit parking revenue from its downtown lots on event nights to the city if the plan to build a new entertainment and sports complex is consummated. That should add about $3.5 million a year to the city's revenue streams. The city is weighing whether to commit its $9 million in downtown parking revenue to fund the construction of the facility. If the plan is approved by the Sacramento City Council one week from today, the county offering will be a substantial backfill.

The vote passed 4-1. Phil Serna brought the measure late last week as the city entered a weekend of negotiations with the NBA and the Maloofs … negotiations that resulted in an agreement on the framework of a deal Monday morning. With these agreements, we're nearing the end of 13 years of heartburn in trying to get a new building in Sacramento. That the new facility will anchor the Railyards, the country's largest infill project, is just another positive aspect.

Three cheers to the county for pitching in this valuable revenue stream.

Patreon Membership
* indicates required


To prevent spam, our system flags comments that include too many hyperlinks. If you would like to share a comment with multiple links, make sure you email editorial@kingsherald.com for it to be approved.

0 Comments

Badge Legend

Patreon Supporter Patreon Supporter   Registered On Day 1 Registered On Day 1   Published Post Published Post  Published Post Nostradumbass
Comment Up Votes 200 Up Votes   Comment Up Votes 500 Up Votes    1,000 Up Votes    3,000+ Up Votes

Comments 50 Comments   Comments 100 Comments    250 Comments    500 Comments    1000+ Comments