Details of the Sacramento Arena financial plan
Posted by Unknown on Friday, March 02, 2012 with No comments
- The city will contribute $255.5 million
- The Kings have agreed to pay $73.25 million and sign a lease obligating the team and any future owners to remain in Sacramento for 30 years.
- Arena operator AEG will contribute $58.75 million, and another $3 million from a public sponsorship campaign.
- There also will be a 5 percent ticket surcharge to help fund the plan and a $1 ticket surcharge for facility maintenance.
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