Sacramento's parking revenues will pay for the city's share of the arena construction loan.

After years of controversial negotiations, the city of Sacramento has finally completed its share of financing for the $500 million basketball arena that will house the Sacramento Kings. The downtown sports complex will include bars, restaurants, and other retail shops intended to revitalize the neighborhood and draw thousands of new visitors to the area. Financing for the complex comes from both public and private sources.
The $272.9 million bond will be paid off with the city's parking revenues, which are expected to increase. Proposals for increasing parking revenue include a hourly rate increase, more restrictions on the hours of no-cost parking, and event-specific pricing. However, according to Dale Kasler, "officials have said the rate hikes would have taken place regardless of the arena debt."
At 5.67 percent interest, City Treasurer Russ Fehr calculates an annual debt service of $18 million. "The Kings will pay an estimated two-thirds of the debt service through lease payments and property taxes generated by the new arena," writes Kasler. Although the Treasurer says the city got a deal, they could have potentially got the loan at 5 percent back in February but were delayed from proceeding by a citizen's lawsuit, which alleged that the city was providing additional unapproved subsidies to the Kings project.
FULL STORY: Sacramento completes Kings arena financing with $272.9 million bond sale

Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.

Driving Equity and Clean Air: California Invests in Greener School Transportation
California has awarded $500 million to fund 1,000 zero-emission school buses and chargers for educational agencies as part of its effort to reduce pollution, improve student health, and accelerate the transition to clean transportation.

Congress Moves to End Reconnecting Communities and Related Grants
The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.

From Throughway to Public Space: Taking Back the American Street
How the Covid-19 pandemic taught us new ways to reclaim city streets from cars.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Heyer Gruel & Associates PA
Ada County Highway District
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Toledo-Lucas County Plan Commissions
Salt Lake City
NYU Wagner Graduate School of Public Service