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City Names 13 Businesses Interested In Sacramento Parking Deal

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SACRAMENTO (CBS13) — The names of 13 companies who have submitted official responses to lease the city of Sacramento’s parking spaces were released on Friday.

The city is looking to lease its parking spaces in order to generate revenue to help build a new downtown sports and entertainment facility. Sacramento received 27 notifications from firms indicating they intended to respond after the city released a request for qualification on Jan. 9. From those, the city received 13 official responses by its Jan. 30 deadline.

“We are very pleased with the number and quality of responses to our request for qualifications,” said Assistant City Manager John Dangberg in a press release on Friday. “We still have a lot of work to do, but this response is encouraging.”

A team of city staff along with advisors are currently evaluating the submittals. City staff anticipates going to the City Council on Feb. 14 with a list of those companies it deems most qualified to take on the parking contract. City officials have said they hope to generate $200 million from leasing parking to go toward a new arena in the downtown railyard. The price of the new facility has been pegged at $387 million.

The NBA has requested a financing plan for the new arena be in place by March 1. Sacramento Kings owners Joe and Gavin Maloof have long said a new facility is essential for the team to stay in Sacramento. The team’s current home, Power Balance Pavilion in Natomas, is the oldest arena in the NBA.

The Maloofs explored a move to Anaheim after last season but backed away from the deal after Sacramento, led by Mayor Kevin Johnson, stepped up its efforts to keep the team and NBA Commissioner David Stern said he wanted to give the city one more year to try to get an arena deal in place.

In the responses for the parking lease, each firmn provided information on its qualifications, experience, financial and technical capabilities, and specific thoughts on how to create added value for the city, according to the press release.

The 13 responses were from:

  • Ontario Teachers’ Pension Plan Board; Xerox Corporation; InterPark LLC; Guggenheim Securities, LLC; Sacramento Forward, LLC; Gates Group Capital Partners; LAZ Parking/CIM Group; The Carlyle Group; CMB Export LLC; Morgan Stanley Infrastructure, Inc.; Bainbridge ZKS; Revitalizing Sacramento LLC; Capital City Parking Group.
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