With two dissenting, the Sacramento City Council voted Tuesday to explore a plan that would have the City sell rights to its parking places to get seed money for a new Arena.

Councilmembers Sandy Sheedy and Darrel Fong were the "nays."

The City figures that over the course of the next fifty years, a private investor could make 2 billion dollars off parking rights in Sacramento. The plan would trade those rights for about 200 million dollars in money up front.

If Mayor  Kevin Johnson gets his way, that money would go to build a new arena.

"I want to see the rail yards revitalized. I want to see Downtown and Midtown Sac revitalized. We need this arena," said Greg Harmer, who showed-up at Tuesday's Council meeting wearing Kings’ colors.

Opposition to the plan was equally adamant.

"If there's that much money available, should the tax payers decide whether that goes into the general fund for police and fire versus paying for an arena?" asked Bob Blymyer of the Sacramento County Taxpayers League.

Instead of making the next move on the idea, Councilmember Sheedy said she wanted to put it to a vote in a general election.

"There are a lot of if's in the future too. We just went through an NBA shutout I guess you call it," Sheedy said. "What do we do if something like that happens when we are waiting for money to come in?"

The Mayor said he'll only go for the deal himself if parking rates don't spike as a result, and if there aren't job loses.

Union representatives at Tuesday's meeting said they believe 125 jobs are at stake. The Mayor says, without the parking deal, there can be no other options for a new arena.

"No, no, no... Those other options are much smaller pots. They do not get anywhere near this big number we are talking about. So... no," said Mayor Kevin Johnson.

Mayor Johnson will take the City Council's approval with him to a meeting in New York with NBA commissioner David Stern.

With two dissenting, the Sacramento City Council voted Tuesday to explore a plan that would have the City sell rights to its parking places to get seed money for a new Arena.

Councilmembers Sandy Sheedy and Darrel Fong were the "nays."

The City figures that over the course of the next fifty years, a private investor could make 2 billion dollars off parking rights in Sacramento. The plan would trade those rights for about 200 million dollars in money up front.

If Mayor Kevin Johnson gets his way, that money would go to build a new arena.

"I want to see the rail yards revitalized. I want to see Downtown and Midtown Sac revitalized. We need this arena," said Greg Harmer, who showed-up at Tuesday's Council meeting wearing Kings colors.

Opposition to the plan was equally adamant.

"If there's that much money available, should the tax payers decide whether that goes into the general fund for police and fire versus paying for an arena?" asked Bob Blymyer of the Sacramento County Taxpayers League.

Instead of making the next move on the idea, Councilmember Sheedy said she wanted to put it to a vote in a general election.

"There are a lot of if's in the future too. We just went through an NBA shutout I guess you call it," Sheedy said. "What do we do if something like that happens when we are waiting for money to come in?"

The Mayor said he'll only go for the deal himself if parking rates don't spike as a result, and if there aren't job loses.

Union representatives at Tuesday's meeting said they believe 125 jobs are at stake. The Mayor says, without the parking deal, there can be no other options for a new arena.

"No, no, no... Those other options are much smaller pots. They do not get anywhere near this big number we are talking about. So... no," said Mayor Kevin Johnson.

Mayor Johnson will take the City Council's approval with him to a meeting in New York with NBA commissioner David Stern.