NBA LEASE SUMMARIESNba Lease • July 29th, 2013
Contract Type FiledJuly 29th, 2013The city spent $20 million on the land for the arena. The sports authority sold $182 million in bonds to build the arena and secured $125 million of that with money from hotel and car rental taxes. The garage project is paid for by a private business. The Rockets are responsible for cost overruns and have pledged to spend $20 million on enhancements.