Stadium Building Funds Finalized with Bond Package

The public share of the new Sacramento Kings stadium is $272.9 million in bond financing. 

Why the bonds? The stadium had received a short term cash influx from the City of Sacramento when the project hit a snag. The bond financing replaces the city’s bridge loan.

Details on the debt financing:

• annual debt service will come to $18 million
  • 2/3 s will come from the Kings & lease payments and property taxes generated by the new Golden 1 Center

Sacramento Bee: Sacramento completes Kings arena financing with $272.9 million bond sale​