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Analysis On New Basketball Arena In Sacramento To Be Released Today

A "much-anticipated analysis" due out today estimates the cost of a new downtown Sacramento arena at $387M, and says it "would fit on city-owned land ... and would be open by 2015." While the analysis does not mention "a way to pay" for the building, Sacramento developer David Taylor and ICON Venue Group officials are said to have "a tentative list of funding sources." Sacramento Mayor Kevin Johnson said that he will form a regional coalition of community leaders to "spend the next 100 days working with Taylor and ICON to fashion a proposal for a financing plan" (SACRAMENTO BEE, 5/26).

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