Tag Cloud
The City Council on Tuesday revisited the city’s 2003 loan agreements with the Sacramento Kings and decided to keep them in effect. City Treasurer Russ Fehr said he discovered the possible issue with the old loan agreement a few months ago. He said he discussed the matter with City Attorney Eileen Teichert, and she suggested that the current City Council examine the contract because it didn’t go before council members in 2003. The Kings’ remaining debt to the city is $68 million, according to Fehr. In 1997, the Kings and the city signed a contract that permitted the Kings to pay back its loans to the city after reimbursing $30 million in debt to another party, Fehr said. Then, in 2003,
Prospective developers for a new sports and entertainment complex were questioned by Mayor Kevin Johnson’s volunteer task force Wednesday night. The 12-member task force, which includes real estate, finance and communications executives, asked numerous follow-up questions after listening to presentations by Matt Haines, Doug Tatara and Ali Mackani. Haines, who owns Bistro 33 in Midtown, told the task force about his proposal to build the complex in downtown’s Docks Area. “This would be a direct front-door” to Old Sacramento, he said. Old Sacramento is north of the proposed area. Task force project coordinator Matt Massari wrote earlier that Haines’ Docks Area project would be “adjacent
Citizens will get to present their views about a proposal for a new arena and entertainment center to Mayor Kevin Johnson’s task force, the mayor said. His remarks came at a news conference Johnson held Thursday in Old Sacramento to introduce the panel’s members. Community feedback will be part of the review process before the task force makes its recommendations to the City Council, he said. The 12-member task force is tentatively planning to hold public meetings on the first and third Thursdays of each month, said Chris Lehane, task force co-chairman and partner in Fabiani & Lehane, a public relations firm. The task force includes real estate, finance, and communications executives. Pu