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reports and resources
Final ESC Documents
The final documents* including the staff reports and the agreements for the Entertainment and Sports Center project were approved by the City Council on May 20.
*Note: These are large documents and may take a moment to download.
The staff report for the planning, design and environmental review of the Entertainment and Sports Center project addresses the new arena, additional adjacent development and digital billboards. A separate staff report on the proposed ordinance change to allow digital billboards on City-owned property is also included.
Additional links are provided for the environmental documents including the Draft Environmental Impact Report or DEIR (released December 16, 2013) and Final EIR (released May 1, 2014). The Final EIR consists of the response to public comments on the DEIR but also the Mitigation Monitoring Plan (MMP) and the Event Transportation Management Plan (TMP).
Terms and Agreements
The terms and agreements between the City and Sacramento Basketball Holdings, LLC (SBH), the owners of the Kings, are set forth in the following legal agreements. These agreements cover the development, construction, management and operation, financing, and non-relocation provisions for the Entertainment and Sports Center (ESC) project. A summary of the staff report including a brief description of each agreement is provided below along with each complete agreement.
Financing Plan and Agreements
An overview of financing plan for the development of the ESC is described in the staff report summary below. In addition, the agreements necessary for the lease-revenue bonds, which provide most of the City’s financial contribution to the ESC project, are provided in detail below.
Final Staff Report: ESC Financing which includes the following documents:
- Site Lease
- Project Lease
- Bond Purchase Agreement (Floating)
- Forward Bond Purchase Agreement
- Bond Purchase Agreement
- Preliminary Official Statement
- Escrow Agreement
Appraisals of ESC Transfer Properties
Appraisals were prepared for the properties listed below that will be transferred to the Sacramento Basketball Holdings (SBH) in exchange for a contribution to the ESC project. The appraisals are based on the value as of February 26, 2013, which is the date the City Council authorized staff to negotiate terms with SBH. For properties subject to the State’ dissolution of redevelopment, the date for valuation is June 20, 2011 as required by the State. The appraised value of the 5th and K Street Airspace parcel differs from the value used in the terms of agreement due to an existing Option to Purchase agreement. To view an appraisal, select the appropriate link below.
Planning Commission - 4/10/14
Planning Commission - 1/30/14
Planning Commission - 1/16/14
DEIR Public Workshop - 12/18/13
Planning Commission - 12/12/13
Sacramento Basketball Holdings, LLC Information
Information on key personnel on the Sacramento Kings new ownership group.
- Vivek Ranadive, Chairman and CEO of TIBCO Systems
- Mark Mastrov, Chairman and Principal, New Evolution Ventures
- Mark Friedman, President, Fulcrum Property
- The Jacobs Family, Owners of Qualcomm, Incorporated
- Raj Bhathal, Founder of Raj Manufacturing, Inc.
- Chris Kelly
- Katrina Garnett, Founder, President and CEO of My Little Swans
- Naren Gupta, CEO of Nexus Venture Partners
- Andy Miller, COO, Leap Motion
- 23 Sacramento area local investors Sacramento Kings website
- Sacramento ESC Website
Downtown Plaza Site Information
Team Consultants and Advisors
City Consultant and Advisors
Other Resources and Past Reports
Kings Arena Records and Documents