Citizens Capital Corp. has entered the arena-finance fold, planning to use securitization to pay for the construction of a multiple-use, hotel/golf resort and convention complex in downtown San Antonio. The company will also launch a securitization proposal to help finance a sports facility that will house the National Basketball Association's Houston Rockets.

In a deal it has underway, Dallas-based Citizens is seeking land to build a $400 million complex containing hotels, a golf course and fitness spa, an arena and convention center, restaurants, a retail power center, a cinema and entertainment plex, multi-family and single family residential components, and commercial and industrial warehouse and professional office sites.

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