Sacramento Arena Financing Has Minor Hiccup
Assembled hastily in a few weeks, Sacramento’s arena financing plan remains a work in progress, with at least one key element yet to be nailed down.
City officials say they are counting on Sacramento County to kick in an estimated $600,000 a year to help pay the debt on the planned $448 million arena at Downtown Plaza.
But county officials say they have not had any detailed discussions with the city this year about a county contribution – and Supervisors Don Nottoli and Phil Serna expressed surprise at a recent city staff report that says “the county has agreed to contribute” funds.
“To say we’ve agreed, that’s a stretch,” Nottoli said.
Officials with both the county and city, however, said the issue does not represent a major stumbling block for the city’s arena efforts.