Sacramento’s downtown sports arena still doesn’t have a financing plan.
But it now has the broad outlines of a program to raise the estimated $387 million needed to build the proposed railyard complex. At a gala unveiling Thursday, Mayor Kevin Johnson’s Think Big Sacramento task force offered up a smorgasbord of funding options that includes ticket surcharges, private investment, the sale of city-owned land and – perhaps most important – a quasi-privatization of city parking.
– Sacramento officials start seeking bids for parking contract to fund arena
Source: Ryan Lillis, Sacramento Bee, January 10, 2012
– Entertainment and Sports Complex Update and Parking Monetization
Source: City of Sacramento City Council, Report ID: 2011-01016, December 13, 2011
– Advisory Services from Bank of America Merrill Lynch and Walker Parking Consultants for Parking Request for Qualifications (RFQ)
Source: City of Sacramento City Council, Report ID: 2012-00050, January 5, 2012
– Sacramento officials pleased by interest in parking deal to help fund arena
Source: Tony Bizjak, Sacramento Bee, January 20, 2012
– Big cities cautious about privatizing parking after Chicago’s effort
Source: Dale Kasler, Sacramento Bee, February 5, 2012
– Editorial: Trend toward privatization needs the cleansing rays of sunshine
Source: Sacramento Bee, March 11, 201