Thanx, all, for the replies to my query.
However, there is some mumbo-jumbo in what the County has put out in its Discussion and Analysis of the Quality of Life Measure:
While MSE has been extremely careful to never threaten relocation if a new sports and entertainment facility is not built, the fact is that NBA economics dictate that a new sports and entertainment facility is necessary for them to be competitive in this market.
What is NBA economics? Is it that a team owner needs a certain minimum number of arena suites/special seating to make any serious coin? If that is the case, they need to say it clearly in the PR campaign. Or is there more? Are the Maloofs limited revenue/profit-wise by anything else at Arco vs a new arena, aside from the number of suites? The proposed arena's seating capacity is about the same as Arco's, so capacity turnstile action will not be any different than it is now.
This says the arena is "
necessary for (the Maloofs) to be competitive in this market." Competition with whom and in what market? Or again is the only point here that they need more suites?
Here's one more fuzzy statement...
Its basic construction is not suited for the demands of the modern NBA nor was it designed for rapid turnover of events or to accommodate the amenities that many patrons demand.
The rapid turnover thing is solid. And as VF21 said, getting another pro sports franchise that would overlap playing dates with the Kings/Monarchs just can't be done now due to Arco's physical limits.
But what are the "demands of the modern NBA"? Is it locker rooms 10 times larger than Arco's so each player can have his own personal bowling alley behind his locker? Or is it something that is critical to the operation and success of the franchise?
Actually, the City has paid for studies in which consultants have confirmed that Arco is reaching economic obsolescence.
Thanx, Kennadog. Is there a link to this study or a summary of it somewhere on line? Why is Arco reaching economic obsolescence? I have not read anywhere that maintenance costs are through the roof (pardon the pun). Why is it becoming impossible to make money from operating the building?
The physical plant is in need of major repairs, including a new roof.
I don't doubt that in the least, but it's tough to push this one as a part of the new arena "need" when the current building is still very much in operation. What else in the physical plant aside from the roof is in need of major repair?
If there are solid answers to these questions, it creates an almost unassailable position that a new arena is a NEED. And if so, then the voters only can haggle about the price (which, as we know, is minute for 99.9% of the population).
Any additional information that folks here can shed on these topics is much appreciated.