We now know when and where the proposed financing plan for a new downtown sports arena will be unveiled.
Rich Ehisen, president of the Sacramento Press Club, announced during Tuesday's luncheon that the menu of funding options for the proposed $387 million facility would be revealed during the Press Club's Sept. 8 event.
While precise details of the financing plan are still unknown, Chris Lehane, the chair of the task force, said in a new release this morning that it will include "contributions from both the public and private sectors, including the Kings ownership group, arena developers and operators."
A report detailing the funding plans will then be released to the public and presented to the City Council on Sept. 13.
It's become clear in recent weeks that the task force will stay away from proposing broad-based tax increases, especially given the monumental failure of the 2006 sales tax ballot measure to fund a new arena.
Instead, it's more likely the committee will recommend looking at "user fees," including ticket surcharges and fees placed on parking for arena events. Also in the mix is the proposed sale of city-owned properties, corporate sponsorships and revenue from cellular phone towers and electronic billboards.
It's also expected that an arena operator - a company such as AEG - will be approached to help with the construction costs.
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