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County Closer to Helping Fund Arena

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(Sacramento, CA)
Tuesday, February 28, 2012

The county says leasing out the after-hours operations of three county parking lots could bring in about $3.5 million per year.  In the preliminary negotiations between the county and city, $3 million would go to a new sports and entertainment complex…after $500,000 goes to the county parks budget.

Supervisor Phil Serna says it's a "win-win" proposition.

SERNA:"This is one way to not only fund an entertainment and sports complex, but actually develop a new, more-consistent revenue stream for other amenities including county parks and our American River Parkway."

The Board voted 4-to-1 to continue talks. 
There are about 1900 spaces that could be leased on the three lots near the county executive buildings.  But, 400 of those would likely be set aside so the county could continue to use them for storage of county vehicles and for parking spaces for jail staff.
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