Still many shaky numbers in arena financing plan

Published: Thursday, Jul. 25, 2013 - 10:07 am

Re "Foes of arena vote say petitioner is misleading" (Page B3, July 24): The article states that Sacramento's arena funding plan does not call for a tax increase, but it does call for a 5 percent surcharge on arena tickets.

More troubling is what is not in the plan. How will the city make up for the loss of 3,700 parking spaces at Downtown Plaza? Why does the plan claim only $9 million in annual debt service payments? Why does the plan claim to reimburse the general fund for parking revenues spent on the debt by using $3 million in parking revenues?

When the city eventually admits what the real costs are, higher taxes could indeed be part of the plan.

-- Kevin Coyle, Sacramento

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