It has come down to this.
After years of failed funding attempts, the possibility of selling or even leasing downtown parking revenue to private vendors for a significant price could serve as the last hope of building an arena, keeping the Kings in Sacramento and revitalizing downtown.
"We think the value is there. We always hoped it was there, but now we know," explained Jeremiah Jackson, spokesperson for the Think Big Committee.
Jackson's comments came during a quickly arranged press conference Wednesday evening.
They were the first public comments pertaining to the parking revenue since word leaked out last week that the funding might fall short.
"It looks like the numbers are right where we want them to be," said Jackson. "It gives us lots of opportunities going forward and negotiating the deal with various partners."
As much as $200 million, or possibly a little more, is expected to be available to fund a downtown arena. The exact figures will be released at Tuesday's City Council meeting.
Of course, parking revenue alone can't fund the arena. Significant contributions from private developer AEG, as well as the NBA and the Maloofs are still being worked out. Remember, the city of Sacramento will go at it alone; this project is no longer a regional effort.
"Were talking about a 30 year project," explained Jackson. "Something long term. What's great for this city is the economic development, being able to build a facility here in Sacramento for the future."