The other $50 million in private capital would come from AEG, the arena megalith that would operate the facility year-round. The city is hoping to receive City Council approval this month on a deal to lease the operation of downtown parking structures for $200 million in up-front payments — the lease could be for 30-50 years. That leaves another $50 million. The hotel association has committed to some level of investment via a room fee, but not at that level, and not necessarily with advance capital.
Sacramento Reportedly Looking For $80 Million Up Front From Kings, NBA
By Str Archive | 0 Comments | Feb 19, 2019
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