ReinadelosReys
Starter
WE NEED 3 VOTES!!!
David Bienick @kcrabienick
#Sacramento County Board of Supervisors meeting right now, will soon consider parking revenue-sharing deal to help city build new #arena.
Agenda report indicates county would make about $3.6 million per year on its downtown parking facilities if #arena is built.
Resolution proposes to give about 3/4 of new revenue to #arena project. No less than $500K per year would go to county parks.
Resolution: "The city has indicated that the successful completion of the #ESC depends on the county’s participation." #makeorbreak
The revenue-sharing proposal comes from Supervisors Jimmie Yee and Phil Serna.
With five members on the board, the #arena resolution will need at least three votes to pass.
Dist 3 supervisor candidate Jeff Kravitz told #KCRA before the meeting that he opposes the revenue-sharing plan. Says #arena plan not sound.
Couple people in the audience are wearing white t-shirts with #fans written on the back.
Arena developer David Taylor is present at county board meeting. So is RE Graswich of the office of @KJ_MayorJohnson.
Rez: "The est revenue from these spaces assuming a flat rate of $15, for 150 events and 75% occupancy, is approximately $2.5 mill annually."
Some of the county revenue would come directly from #arena related parking. Others would be generated by possessory interest taxes.
Rez:"Possessory Interest Taxes (PIT) are assessed whenever there is a private, beneficial use of publicly-owned, non-taxable real property."
David Bienick @kcrabienick
#Sacramento County Board of Supervisors meeting right now, will soon consider parking revenue-sharing deal to help city build new #arena.
Agenda report indicates county would make about $3.6 million per year on its downtown parking facilities if #arena is built.
Resolution proposes to give about 3/4 of new revenue to #arena project. No less than $500K per year would go to county parks.
Resolution: "The city has indicated that the successful completion of the #ESC depends on the county’s participation." #makeorbreak
The revenue-sharing proposal comes from Supervisors Jimmie Yee and Phil Serna.
With five members on the board, the #arena resolution will need at least three votes to pass.
Dist 3 supervisor candidate Jeff Kravitz told #KCRA before the meeting that he opposes the revenue-sharing plan. Says #arena plan not sound.
Couple people in the audience are wearing white t-shirts with #fans written on the back.
Arena developer David Taylor is present at county board meeting. So is RE Graswich of the office of @KJ_MayorJohnson.
Rez: "The est revenue from these spaces assuming a flat rate of $15, for 150 events and 75% occupancy, is approximately $2.5 mill annually."
Some of the county revenue would come directly from #arena related parking. Others would be generated by possessory interest taxes.
Rez:"Possessory Interest Taxes (PIT) are assessed whenever there is a private, beneficial use of publicly-owned, non-taxable real property."
