So where does the city of Sacramento actually gets it cash from??? It ALL comes from somewhere. One way or another, it comes for the people of Sacramento. This is ECON 101. Please take this with an economist because he'll give you an hour long speech basically telling you that this money is coming from the people of Sacramento. The city is basically taking money and investing it into the Kings. When you trace every little piece back, it goes back to people's pockets.
Hammer, I'm not trying to be a stop member or anything..but you have to know that this money is coming from Sacramento. The money in Sacramento comes directly from people. Basics of municipal bonds
http://www.investor.gov/investing-basics/investment-products/municipal-bonds
Let's say Sacramento's "investment" in the Kings bombs a little bit because expectations aren't met. Who pays for that? Kevin Johnson? Vivek?
A lot of projects are like this.
Who pays for the monthly bill/interest while the ESC is being constructed? You trace the its and bits, and you see that this money is all coming from tax payers. Very much like everything else in the city.
I believe this is the wrong thread to discuss this matter. Please talk to an economists regarding this if you do not believe that the money in someway shape or form, comes from the people's pockets. I do not oppose that itself, but I DO oppose this art piece.