October 26, 2003
Kings arena plan tabled
Sacramento mayor Heather Fargo says she's abandoning plans for a March referendum on funding a new basketball arena for the Kings, after widespread opposition to her long-awaited financing proposal. The $538 million project would have been funded virtually entirely with public funds, including hotel and car rental surcharges, and a sales tax hike on downtown restaurants, which was hardly a hit with downtown restaurateurs.
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