Published: 1 years 136 days ago
Sacramento Business Journal: Of the four teams looking to develop a new Kings arena and entertainment complex in Sacramento, two don’t have concrete finance plans while the other two must leap significant financial hurdles to bring their projects to fruition.
That’s the rundown of a public hearing Thursday hosted by the task force reviewing the proposals — reconvened by Sacramento Mayor Kevin Johnson after a team led by developer Gerry Kamilos failed to deliver after being selected last year to exclusively work on a new arena deal.
The task force will meet individually with teams over the next few weeks to gather more information before ultimately making a recommendation to the city.
http://www.bizjournals.com/sacramento/news/2011/01/06/financing-shaky-for-four-arena-proposals.html
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