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SBD/August 13, 2014/Facilities
Sacramento Execs Wary About Use Of Public Financing For Soccer Stadium
Published August 13, 2014
HOLD YOUR HORSES: A SACRAMENTO BEE editorial stated no one is "talking much about how" the new $100M stadium "would be paid for, exactly." While it is "very early in the process, this is a conversation that should happen before we get too carried away." It is "thrilling to think about another professional sport in the region," but the city "can’t rush into an ill-advised financing scheme." Taxpayers are "putting up at least $255 million toward the new downtown arena for the Kings," and there also "are other civic projects that are, if not on the drawing board, at least under discussion -- such as a new performing arts center and an expansion of the Convention Center" (SACRAMENTO BEE, 8/13).