repreneur Gregg Lukenbill, who brought the Kings to Sacramento and unsuccessfully tried to lure the Raiders north, has halted construction on the area’s sports stadium as he struggles to pay off heavy debts, a newspaper reported Sunday.
The Sacramento Bee said Lukenbill and his associates are trying to pay hundreds of thousands of dollars in bills incurred during work on the $100-million, multipurpose stadium.
“It’s pretty much at a standstill until we get some financing straightened out,” Lukenbill said. Thus far, only a portion of the stadium’s foundation has been completed.
Lukenbill said he hopes to decide what to do next within the 90 days.