February 22, 2012 |
Sacramento Mayor Kevin Johnson, NBA Commissioner David Stern and Sacramento Kings ownership are scheduled to gather at All-Star Weekend in Orlando to discuss terms for the financing of a new arena to submit to the city council on March 6. In a joint news release by Johnson and Stern, the sides expressed confidence about meeting the NBA-imposed March 1 deadline to produce a plan to pay for a new $387-million arena downtown. "Our approach makes good on the principles that have guided us throughout this process: protecting the taxpayers, creating jobs, and pursuing an open and transparent process," Johnson said in the statement.
October 4, 2013 |
Sony Pictures Entertainment is finalizing a new co-financing deal with Blue Anchor Entertainment, a venture from showbiz lawyer John LaViolette and "Doctor Dolittle" producer Joseph Singer, according to people with knowledge of the matter. The three-year equity financing arrangement would provide Sony Pictures with $300 million to $350 million, executives close to the talks who were not authorized to comment publicly said. The arrangement could also include a credit facility. Sony Pictures, a unit of Tokyo-based Sony Corp., declined to comment.
CALIFORNIA | LOCAL
August 24, 1987
Leo Trombatore's (state director of transportation) letter (Aug. 14) reveals the un-Republican, anti-Adam Smith philosophy of the Deukmejian Administration's bond proposal for highway financing. It does not provide the "more balanced approach to highway finance" promised by Trombatore. It continues and exacerbates the present imbalance--sales taxes, property taxes and businesses pay the public cost for motorists and truckers, particularly the latter. It is this imbalance which has gotten us into this mess in the first place.
July 20, 2011 |
In a bid to fight childhood obesity and change eating habits on the local level, First Lady Michelle Obama is expected to announce a healthful food financing initiative Wednesday that aims to draw grocery stores into so-called food desert areas in California. The $200-million program, dubbed the California FreshWorks Fund, is a joint effort by the California Endowment and a team of grocery industry groups, healthcare organizations and leading Wall Street banks. Modeled after similar funds launched in New York City and Pennsylvania, the idea for the California fund was hatched about 18 months ago by the California Endowment, a private, statewide health foundation.
August 17, 2010 |
In an era when movie capital is tough to come by, David Ellison, the 27-year-old son of Oracle Corp. co-founder and Chief Executive Larry Ellison, has raised $350 million to co-finance films with his studio partner Paramount Pictures. The funds — $150 million in equity and a four-year, $200-million revolving credit facility led by JPMorgan Chase & Co. — will enable Ellison to step up production at his movie label Skydance Productions. Ellison's father, ranked by Forbes magazine as the sixth-richest person in the world, with an estimated net worth of $28 billion, provided an undisclosed portion of the equity, according to people with knowledge of the deal.
March 15, 1987
Permanent financing of $60 million for the Arco Tower complex in downtown Long Beach has been arranged through the Denver office of L. J. Melody & Co., Houston-based mortgage banker and investment concern. The financing for the complex, owned by Pacific Tower Associates, was provided by the Teacher Retirement System of Texas. The twin 14-story towers in the Arco complex at 200-300 Ocean Blvd. contain more than 473,000 square feet of office space.