DLA Piper handles construction financing for new Sacramento Kings arena
DLA Piper represented Goldman Sachs in connection with a $265 million private bank financing for the $477 million construction of the new Sacramento Kings arena. The Kings are contributing $222 million, and the city of Sacramento is providing $255 million.
Following years of obstacles and rumors that the team might leave town, work on the basketball franchise’s new home at Downtown Plaza began on Friday, August 1, with a ceremony that included speeches by Mayor Kevin Johnson and Kings President Chris Granger.