by Jerry Feitelberg
The Sacramento City Council whose planned vote on the new arena will be put on hold as it was scheduled to be voted on May 13th. Details of the new arena plan were not finalized and won’t be ready by the 13th. Without such documents of the plan the city council will have to wait to vote on the plan.
It was however assured that the Kings and developers will have a plan in place in the very near future perhaps as soon as late May or early June. With such an enormous project in hand the final touches of the designs and doucments of the plan are still in the process of being matched up with the foot print of the new arena site at downtown plaza.
The city proposed $225 million subsidy is being detailed under the watchful eye of the Kings ownership and city officials as they’re looking at everything from the windows of the arena to the planned entertainment grounds and surrounding areas outside of the building. The Kings have assured the city council that the delay will not disrupt the October 2016 finish date.
“The definitive agreements are in the last stages of completion and will be finalized soon” the city said. The contract requirement is $1 million and had to be completed according to the city ten days in advance of the crucial May 13 city council vote and the agreement was not ready yet because the Kings were still working on some details of the agreement.
“There are a lot of documents, a lot of comprehensive documents, they all have to work together. It’s going to take a little more time.” said Sacramento Assistant Manager John Dangberg. Kings president Chris Granger said the deal is about 99.9 percent done. The Kings will be contributing $222 million and the City is in for $255 for a total of $477 million on the project.
Jerry Feitelberg is covering the arena developments for the Sacramento Kings and Golden State Warriors for http://www.sportsradioservice.com
