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A planned Target Center renovation is seemingly on hold while the city, the Minnesota Timberwolves (NBA) and building manager AEG debate the outlines of the deal. Read More »

Though there is broad agreement over funding of a new Sacramento Kings (NBA) arena, the tires will hit the road when a formal term sheet — with specific figures — is released. That release is scheduled for tomorrow. It should be interesting: the biggest chunk of arena financing, the sale of future downtown-parking revenues, is still a long ways from ... Read More »

Sacramento officials and the owners of the Sacramento Kings (NBA) have reached a tentative deal on financing for a new arena in the city’s downtown area. The deal, still subject to final approval once the city’s part of the funding package is determined, calls for larger-than-planned contributions by the Maloofs, owners of the Kings, and arena-management firm AEG. For a ... Read More »

A funding plan for a new Sacramento Kings (NBA) arena is still in negotiations, with Commissioner David Stern giving mixed signals about how much support he expects from the Kings. Really, there’s little new on the arena front since the last time we reported on the Sacramento arena situation: the city is still negotiating with potential investors over a $200-million ... Read More »

As more details emerge about a proposed Sacramento arena plan, it appear the city may ask more of the NBA’s Kings and take some facility revenue streams. Is this realistic? Though the financial cornerstone of the $387-million (or $400 million, depending on who you ask) funding plan is the sale of future downtown parking revenues for $200 million, the rest ... Read More »

Sacramento will negotiate a potential lease of parking spaces with 11 suitors — with the proceeds being a cornerstone of a funding plan for a new Sacramento Kings (NBA) arena. The city is under the gun to show the NBA and the Kings a viable arena-financing plan before a March 1 deadline. A key part of the $400-million plan is ... Read More »

An attempt to keep the Sacramento Kings (NBA) in town is coming down to the wire, as a $400-million financing plan is due at the end of the month. Mayor Kevin Johnson has been leading the push for a funding plan, which is still not finalized. A key part of the plan calls for the lease of parking spots in ... Read More »

With American Royal Rodeo moving to downtown’s Sprint Center, the future of Kemper Arena suddenly becomes very much in doubt after losing its biggest event. When Sprint Center opened, the argument by city officials was that the market was big enough for two arenas, especially with American Royal anchoring the Kemper Arena schedule. It’s a huge event, one big enough ... Read More »

With Quebecor and NHL officials discussing a team for Quebec City, the possibility that the Canadian media giant illegally gained the right to manage a new arena is causing some to question whether the process should have been more open. In theory, the bidding process for the naming-rights/management deal snared by Quebecor should have been open and publicized. It was ... Read More »

Normally AEG isn’t in the habit of actually owning sports teams and venues, which is why this transaction is noteworthy: the facilities giant’s Facilities division is buying into U.S. Bank Arena and the Cincinnati Cyclones (ECHL) with current owner Nederlander Entertainment. Terms of the investment were not disclosed. Nederlander bought the arena out of bankruptcy in 2001 for $22.1 million, ... Read More »