Top Menu

Kings to share financials for arena research

Sacramento KingsThe NBA’s Sacramento Kings will share financial data with a city-commissioned group seeking to put together a financing plan for a new arena, another piece of the puzzle in the funding formula.

ICON Venue Group and a local developer are working on an arena financing plan, and one big chunk of the equation will be to determine how much the Kings are able — as opposed to willing — to contribute to the arena financing. By giving them a look at the financials, they can determine the Kings’ number.

The Kings are in Sacramento for one more season; anything more will be dependent on a new-arena plan. The team has an offer from Anaheim to move to Honda Center.

RELATED STORIES: Kings to stay in Sacramento for ’11-’12; Will Kings move? No one seems to know; Report: Kings likely to stay in Sacramento for ’11-’12; Kings relo app deadline pushed back to May 2; Anaheim to discuss aid for Kings; Maloofs shoot down Arco refurb; Kings: From boom to bust; With Kings eying Anaheim, Johnson vows to continue arena quest; Maloofs sell naming rights to arena; admit to looking at moving NBA’s Kings; Johnson: We’ll take another run at new Kings arena; NBA: We’re done with Sacramento arena effortsConsultant: It makes no sense to move Cal Expo as part of arena project; Maloof: We’re not looking at move to Seattle; Size of Arco Arena site threatens Kings arena deal


Sign up for the free weekly Arena Digest newsletter and keep up with the latest happenings! You can sign up here.

We’re on Facebook!

Follow Arena Digest updates on Twitter!

, , , , , , , , ,