OT Sacramento looking to finance new arena; UPD NBA rejects relocation to Seattle bid
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03-20-2013, 06:46 PM
Join Date: Sep 2004
Location: North of the Tank
The frantic process of hammering out a financing plan for a new downtown sports arena has reached its most pivotal day.
Sacramento city officials said Tuesday night they remain on track to release a plan Thursday that will lay out how they intend to pay for an arena at the site of the Downtown Plaza.
The city manager wants the term sheet released for public viewing by Thursday to give the City Council five days to examine the proposal before a council vote Tuesday. Shirey said he would notify the City Council if a deal is not reached with Burkle by the end of business today.
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