City Beat

News, insight and discussion on Sacramento and its neighborhoods

December 13, 2011
Sacramento council on verge of approving key arena vote

It appears the Sacramento City Council will approve tonight issuing a request for qualifications from companies interested in leasing the city's downtown parking operations, the key peg in the financing of a new arena.

Tony Bizjak tweets from the City Council meeting

Mayor Kevin Johnson and four council members have told The Bee in recent days they support issuing an RFQ. In addition to the mayor, Council members Steve Cohn, Rob Fong, Jay Schenirer and Kevin McCarty have all said they are open to the RFQ. Five votes are enough to pass the proposal.

The RFQ is a key step in the arena financing model, but it isn't the biggest step. That will come early next year, when the City Council - armed with a complete financing package that also includes contributions from the NBA, Sacramento Kings and arena operator AEG - will decide whether to issue a request for proposals seeking formal bids for the parking assets.

City officials said they could bring in as much as $245 million in upfront cash for the arena project by leasing parking spaces, garages and enforcement to a private company. Roughly $50 million of that would have to go toward paying off debt on garages built by the city, placing the maximum windfall at around $200 million.

The mayor told reporters this morning he expects "a unanimous or near unanimous vote" tonight from the council.

While McCarty told me he is open to the RFQ "to help us further explore the value of our parking assets," his support comes with a caveat - meaning his backing of future arena financing votes may be shaky.

"This should not mean that we endorse dedicating such parking revenues for the arena," he said. "The upside is that these parking valuation estimates could come in handy for many other City capitol needs and ideas down the road."

Cohn told my Bee colleague Tony Bizjak that he thinks "there is enough there that we will continue" and that "if we stop now, the game is over."

Both Cohn and Schenirer said they were interested to see if the parking revenue could be used for other projects, in case the arena deal falls through.

"Even if we decide at some point not do the arena if it doesn't pencil out, this parking piece will give us information that will be useful," Schenirer said.

Fong told Bizjak "the numbers are certainly solid enough to move forward" with the RFQ. He added he expects "most questions (from the council) will center around how much control the city would have over parking."

"Getting it right is the paramount thing," he said. "Our job is to get it right. Obviously we want to get it right in the time frame, but we want to get it right."

About Comments

Reader comments on Sacbee.com are the opinions of the writer, not The Sacramento Bee. If you see an objectionable comment, click the "report abuse" button below it. We will delete comments containing inappropriate links, obscenities, hate speech, and personal attacks. Flagrant or repeat violators will be banned. See more about comments here.

What You Should Know About Comments on Sacbee.com

Sacbee.com is happy to provide a forum for reader interaction, discussion, feedback and reaction to our stories. However, we reserve the right to delete inappropriate comments or ban users who can't play nice. (See our full terms of service here.)

Here are some rules of the road:

• Keep your comments civil. Don't insult one another or the subjects of our articles. If you think a comment violates our guidelines click the "report abuse" button to notify the moderators. Responding to the comment will only encourage bad behavior.

• Don't use profanities, vulgarities or hate speech. This is a general interest news site. Sometimes, there are children present. Don't say anything in a way you wouldn't want your own child to hear.

• Do not attack other users; focus your comments on issues, not individuals.

• Stay on topic. Only post comments relevant to the article at hand. If you want to discuss an issue with a specific user, click on his profile name and send him a direct message.

• Do not copy and paste outside material into the comment box.

• Don't repeat the same comment over and over. We heard you the first time.

• Do not use the commenting system for advertising. That's spam and it isn't allowed.

• Don't use all capital letters. That's akin to yelling and not appreciated by the audience.

You should also know that The Sacramento Bee does not screen comments before they are posted. You are more likely to see inappropriate comments before our staff does, so we ask that you click the "report abuse" button to submit those comments for moderator review. You also may notify us via email at feedback@sacbee.com. Note the headline on which the comment is made and tell us the profile name of the user who made the comment. Remember, comment moderation is subjective. You may find some material objectionable that we won't and vice versa.

If you submit a comment, the user name of your account will appear along with it. Users cannot remove their own comments once they have submitted them, but you may ask our staff to retract one of your comments by sending an email to feedback@sacbee.com. Again, make sure you note the headline on which the comment is made and tell us your profile name.

hide comments

On October 14, The Sacramento Bee will temporarily remove commenting from sacbee.com. While we design the upgrade, we encourage you to tell us what you like and don't like about commenting on sacbee.com and other websites. We've heard from hundreds of you already and we're listening. Please continue to add your thoughts and questions here. We also encourage you to write Letters to the Editor on this and other topics.



About City Beat

Ryan Lillis has covered the city of Sacramento, its 108 neighborhoods and its politicians since 2008. Prior to that, he covered crime at The Bee. A native of upstate New York, Lillis has a journalism degree from the University of California, Berkeley.

Contact reporter Ryan Lillis at rlillis@sacbee.com

Poll

Does the Kings' poor performance of late impact the arena work?

Ryan Lillis on Twitter

Follow "Ryan_Lillis" on Twitter

October 2013

Sun Mon Tue Wed Thu Fri Sat
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31    

Sacramento City Resources

City Web Sites

How to contact city officials