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.