SACRAMENTO (CBS13) – Sacramento city officials unveiled a few more pieces of the arena deal puzzle Friday, releasing conceptual drawings showing how the new arena will fit into the downtown railyards.

The drawings show a view from the south and the view from the northeast and detail how the arena would be situated, but the sketches are only preliminary.

“We’re a long way away from the exact design, exact appearance of the facility, but we have some updated drawings that we wanted to give out today,” said Kunal Merchant, chief of staff for Mayor Kevin Johnson.

Northeast View of new arena in the railyards.

Thursday, the term sheet detailing the financial puzzle that makes up the $391 million deal was released.

However, City Councilman Steve Cohn said on Friday that the term sheet is in no way set in stone.

“There are major details, the lawyers have to get involved, so the documents will end up being massive,” Cohn said.

However, he did say the term sheet is detailed enough to allow the council to approve it when it votes on Tuesday.

Under the agreement, the city will contribute $255.5 million to the project, mostly by leasing out parking garages around the facility, in addition to selling city-owned land.

South view of new arena in the railyards.

The Kings have agreed to pay $73.25 million up front and sign a lease obligating the team – and any future owners – to remain in Sacramento for 30 years.

Arena operator AEG will contribute $58.75 million, and another $3 million will come from a public sponsorship campaign – such as selling engraved bricks and plaques around the building.

There also will be a 5 percent ticket surcharge to help fund the arena and a $1 ticket surcharge for facility maintenance.

Also part of the deal, a private parking garage for premium ticket holders will be built, the city will sell 100 acres it owns next to the Kings’ current Natomas arena, and the city will make up the $9 million loss to its general fund from the 5 percent ticket surcharge on arena events, a revenue-sharing agreement with AEG and other sources created by the development of the arena.

Comments (24)
  1. Hank Ketels says:

    The city will reap the rewards, so why soak the public with surcharges, rip off

  2. Cmornos says:

    I am so tired of hearing about this arena. First thing on Channel 10 is about the arena. The two other stations are similar. I was so hoping that this would fail and the Kings would leave town never to be heard of again. Johnson did nothing but spend money on trips and meetings to get this team to stay. It would be a big mistake to vote him into office again. We should have known better to vote for former athletes and actors for politics.

    1. jc says:

      I say thats a conflict of interest, of course a former basketball player is gna push for this, he should not even be allowed to have a vote. For the rest of us we could care less bout the kings, we are just trying to make enough money to pay for gas.

      1. JT says:

        Yes gas money flying to the war oh.. yes! Oh.. please another war that is really gonna make us even more broker to brokiest. Hopefully they don’t strat another war with eachother.
        Heard it from some people talking about it wonder if this really going to happen hopefully not.

  3. Moneypoor says:

    This city council and mayor are hell bent on putting an arena in a location with poor access and next to a rail line. I can hear the tv announcers comments now as a train goes by. The cowtown couldn”t find a better location. Poor planning and a waste of tax payers funds

  4. NO NEW ARENA! NO NEW ARENA! NO NEW ARENA! says:

    HEY COUNCIL MEMBERS, PASS THIS ARENA AND YOU WILL GET FIRED!! THAT’S THE BOTTOM LINE!! WE WILL VOTE YOUR A##ES OUT!!

    WE HAVE COPS, FIRE FIGHTERS, AND CITY WORKERS FACING LAYOFFS!! WE ARE FACING CUT BACKS IN CITY SERVICES!! THIS ARENA WILL BANKRUPT THE CITY OF SAC!! AND WE GAVE THE POWER TO SPEND OUR PARKING REVENUE MONEY TO A BUNCH OF REDNECK, LOW IQ, UNDER-EDUCATED, FINANCIALLY RECKLESS SPORTS FANS!!!

    AND DO THE MALOOF’S HAVE THE COLLATERAL TO PAY BACK THEIR LOAN TO THE CITY OF SAC? I THINK NOT!! I HOPE THEY DON’T!! WE DON’T NEED THE KINGS!! WE NEED GOOD PAYING JOBS FOR EVERYONE, NOT MINIMUM WAGE COFFEE SHOP JOBS!! WE NEED JOBS THAT PAY WELL AND WILL BENEFIT THE CITY OF SAC, NOT A NEW ARENA FOR A BUNCH OF LOSER MILLIONAIRES WHO CAN’T SHOOT FREE THROWS!!

    1. an educated sports fan says:

      as a ucla grad sports fan i can tell you that if we dont build an arena and the kings do leave that will bankrupt this city, if you dont think the national coverage of an nba team benefit our city then you are an uneducated, low IQ idiot that is killing this city.

      also Kevin Johnson’s approval rating is through the roof so he wont be fired because he understands that this arena will generate thousands of full time jobs so shut up about things you dont have a clue about!

      1. swim says:

        thousands of full time jobs? what are you smoking? The current arena provides 12 full time and 90 part time jobs. Most of which are minimum wage. A new area crammed into a poorly accessible location is only going to give the Maloofs enough play to offload the losers for yet more cash.

  5. swim says:

    Amazing! No money for schools, police, firemen or our roads but hey lets throw a quarter billion at a loser sports team that never paid off the last loan. This kind of fiscal irresponsibility is criminal!

  6. an educated sports fan says:

    people dont understand that if the city used the money that is being used for an arena for police and teachers etc…they dont realize that when the money runs out the city would have to have massive layoffs again. the city needs invest in assets that have a greater return on the cities money aka spend money to make money!

    1. STUPID SPORTS FANS ARE LOSERS says:

      FIRST OFF, I DOUBT YOU’RE EDUCATED!! AND IF YOU ARE, THEN YOU DO COME OFF SOUNDING VERY STUPID!!

      SECOND, IT’S COMMON SENSE!! WE DON’T NEED A NEW ARENA!! WE NEED TO SAVE OUR CITY SERVICES FIRST!! IF YOU WANT A NEW ARENA, THEN THAT’S FINE, BUT MAKE SURE YOU’RE BUILDING IT WITH 110% PRIVATE FINANCES!! DON’T ASK THE CITY TO HELP YOU OUT!! AND DON’T USE PUBLIC MONEY WITHOUT A PUBLIC VOTE!! AND IF WE THE VOTERS WERE ALLOW TO VOTE ON IT, THEN IT WILL NOT – I REPEAT, WILL NOT – PASS!! LOOK AT THOSE TWO MEASURES THEY PUT ON THE BALLOT A FEW YEARS AGO!! A COUPLE OF EPIC FAILS THOSE MEASURES WERE!!

      SO LET’S GET RID OF THIS TEAM AND THIS WHOLE NEW ARENA IDEA ONCE AND FOR ALL!! OUR CITY SERVICES OUGHT TO COME FIRST AND FOREMOST BEFORE A SPORTS AND ENTERTAINMENT COMPLEX!! I DON’T WANT TO SEE SAC BECOME ANOTHER OAKLAND OR STOCKTON, YET OUR ELECTED OFFICIALS ARE LEADING US DOWN THAT ROAD, SO THEY CAN SATISFY THE LOWER IQ, REDNECK SPORTS FAN CROWDS WHO LIVE IN CARMICHAEL, ROSEVILLE, FOLSOM – YOU KNOW THOSE IDIOTS WHO DON’T ACTUALLY LIVE HERE IN THE CITY OF SACRAMENTO WHO WANT A NEW ARENA!! BUT NOT IN MY BACKYARD!! NO MR. MAYOR AND COUNCIL MEMBERS, THE RESIDENTS OF SAC WILL VOTE YOU OUT OF OFFICE THIS NOVEMBER IF YOU PASS THIS REFERENDUM WITHOUT THE VOTER’S CONSENT!!

  7. Eightcats Home says:

    The Stockton debacle is where Sacramento is headed. After examining the other California gov’t bankruptcies, it seemed that most had their roots in excessive risk taking. It looks like those lessons are lost on our “leaders”. That being the case, I have a couple of suggestions for small businesses and homeowners to better weather the future difficulties after building this arena in Sacramento.
    First, don’t become a creditor of the city. If you must be acreditor vendor, find insurance that will cover losses over the period of court financial control.
    Second, don’t work for a creditor of the city.

  8. Jason says:

    I just find out that if they don’t built this Arena we will be losing near about 1000 jobs in Sacramento. I know why they’re building this downtown sacramento arena now but i won’t say anything on here cause of some people you have to find out on your own why?.

    1. Yes says:

      Your such a know-it-all Jason………………

  9. sac says:

    If you don’t think that Sacramento should commit public resources to a new arena while we’re facing massive budget cuts to out parks, police, and firefighters, you can sign a petition that says as much by visiting this link http://signon.org/sign/dont-use-public-resources?source=c.url&r_by=1389609.

    1. Mountainman says:

      Hey that is all and good but where would the train passengers park,

  10. nothingchanges says:

    Sports, Porn and other entertainment are simply distractions of what is really going on in the world.

    1. Yes says:

      Did someone say “Porn” ?

  11. jc says:

    This is all a timing issue, BAD TIMING! years ago before the recession this might have worked, but now we are in a recession whats the first thing people cut when they are strapped for cash? LUXURIES the kings are a luxurie and the city needs to recognize that. But remember millionares are not used to cutting back on anything, and the mayor is a millionare basketball player.

  12. the kings real estate kings langley says:

    This story is true and not meant to hurt anyone, but the more that I think about what happened, the more it makes me laugh. I hope that you not only get a chuckle from it as I did, but take your time and look for a professional real estate agent.

  13. sassafras says:

    Disgustiing, illegal multi-million bucks so a very few teams will play once a year or so maybe at this arena what will they do with the da-m place during off season. also how is this expense legal without a vote of the citizens who will have to pay for it, charge this bunch of legislatures with breaking that… law no vote for the arena without a vote by the citizen of the USA of California to ascertain if THEY want to pay for it.

  14. sassafras says:

    Sports fans are neither stupid nor losers but govenment officials are lost in fantasy here. It is true many construction jobs etc..will be created but God help us citizens because the Calif. employees union will demand that all contracters must hire Calif. employee union members which will cost twice as much and that will break the Calif. bank and the poor work man ship will be a disaster. It is one thing to build make believe castles in the sky but quite another thing when ya actually move in and that is what our legislatures seem to be doing.

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