PBT: Kings' arena funding plan to be revealed Sept. 8

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Aug. 18, 2011

KINGS PAGEKINGS VIDEOAaron Bruski
ProBasketballTalk.com

We dont know the specifics of how the city of Sacramento plans to pay for the proposed 387 million Entertainment and Sports Complex (ESC), but we do know when they plan to announce those plans.

According to Ryan Lillis of the Sacramento Bee, a menu of funding options will be presented to the public on September 8, with a more detailed report being released on September 13 to both the public and City Council.

According to the Sacramento Bee:

"While precise details of the financing plan are still unknown, Chris Lehane, the chair of the task force, said in a new release this morning that it will include contributions from both the public and private sectors, including the Kings ownership group, arena developers and operators.

He also added:

"Its also expected that an arena operator -- a company such as AEG -- will be approached to help with the construction costs."

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