City Manager John Shirey said talks continue.

Arena financing plan expected today

Published: Thursday, Mar. 21, 2013 - 12:00 am | Page 2B
Last Modified: Wednesday, Sep. 18, 2013 - 12:13 pm

City officials said late Wednesday that they expect the details of an arena financing plan to be made public today.

"There is nothing new to report," City Manager John Shirey said in an emailed statement. "We have been in discussions all day with the Investors, and those discussions will continue. We anticipate that the Term Sheet will be made public (Thursday) afternoon."

Shirey wants the arena financing plan to be included in the agenda for Tuesday's City Council meeting, giving the council and the public five days to examine the plan before a council vote on the proposal.

The city has scheduled a 5:30 p.m. public forum today at City Hall to discuss the plan.

Call The Bee's Ryan Lillis, (916) 321-1085. Read his City Beat blog at sacbee.com/citybeat. Follow him on Twitter @ryan_lillis.

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