Sacramento spent $680,000 in unsuccessful arena drivePosted by Inside Hoops
The city of Sacramento spent $680,000 between September and April in its unsuccessful effort to build a sports and entertainment center in the railyard, according to an analysis to be presented to the City Council tonight.
The expenditures, preapproved by the council, include $8,000 in travel costs to Los Angeles, Dallas, Orlando, Fla., and New York where city officials attempted to negotiate agreements with the Kings, the NBA and private partners for a $391 million facility.
Those expenses do not include Mayor Kevin Johnson’s travel bills, which Johnson paid for himself, a city staff report indicates.
City officials said they knew in September when they asked the council for initial funding that the deal might not pan out, but felt the project was worth the investment.
– Reported by the Modesto Bee