Quote:
Originally Posted by wburg
The total burden of cost is about 53% 49ers, 47% City. But clearly still not a very good deal. It is, however, a much better deal than ours--more than two-thirds from the city, 15% or so from the Kings, city doesn't get naming rights, and so far we haven't seen how much rent the Kings will pay.
The AEG vs. LiveNation issue is also something folks aren't talking about here in Sacramento--the acts that skip Sacramento generally do so because they are LiveNation acts (Sleep Train Ampitheatre is a LiveNation venue.)
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$59 mil from AEG, $75 mil upfront and $75 mil over 30 years from Kings = $209 mil private funding. Cost of Sacramento Arena = $391 mil. 53% private, 47% public when 30 years is up. Sacramento arena being managed by one of the top two music management companies in the world. AEG to cover any operating losses. Icon to cover all cost overruns for arena construction.
Sac arena deal > Santa Clara stadium deal.