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Next up in Sacramento arena quest: term sheet

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 […]

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Sacramento, Kings reach tentative arena deal

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 […]

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How realistic is Sacramento arena plan?

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 […]

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Tensions escalate over new Edmonton arena

A deal between Edmonton Oilers (NHL) owner Daryl Katz and the city for a new arena has a proposed clause causing some nasty feeling: they want Northlands, nonprofit operator of Rexall Place, to sign a noncompete. Such a deal is defensible from a business viewpoint if you are Katz: Arena Economics 101 says two facilities […]

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Quebecor commits real money to new Quebec City arena

{jathumbnail off} Canadian media giant Quebecor is making public its financial commitment to a new Quebec City arena, and it’s pretty substantial: between $110 million and $200 million, depending on whether the facility lands an NHL team. The funding commitment is in two areas and on two levels. First, there’s a baseline commitment of $33 […]

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Edmonton: New downtown arena financially feasible

Combine a $5 ticket surcharge with a $100-million contribution from Edmonton owner Daryl Katz, and you’ve reached the point where a new downtown Oilers arena is economically viable, say city officials — raising the stakes on new-arena discussions in the city. “A new downtown arena with an increase in the number of seats and other […]

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Katz: I will spend $100 million on new downtown arena

Daryl Katz has shifted positions once again on his potential contribution to a new downtown arena for the Edmonton Oilers, saying he would contribute $100 million directly to arena construction costs, not to fund an adjoining entertainment district. Katz has shifted his position on the ultimate destination of his financial contribution twice already. When he […]

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