The Sacramento City Council is scheduled to vote Tuesday night to establish a $6.5 million dollar budget to pay for services related to the proposed downtown sports and entertainment complex.
The council will be asked to approved expenditures totalling $1.755 million dollars:
$200,000 for ESC Facility and Finance Advisor Barrett Sports Group (BSG)
$250,000 for Sports Facility Design/Construction Advisor John Hilkene of Weston Sports and Entertainment. Weston would serve as the City’s technical consultant and project monitor.
$425,000 for parking consultant Walker Parking
$80,000 for an ESC Revenue Analysis. City staff will hire financial consultants to conduct an analysis of current as well as potential future revenues from the Downtown ESC
$550,000 for transaction attorneys and legal counsel
$200,000 for real estate services
$50,000 for communications and outreach.
The council must approve the use of parking funds and $5 million from the sale of the Sheraton Grand Hotel for these expenditures.
CapRadio provides a trusted source of news because of you. As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.
Comments