The Bee's business columnist was making some predicitons for the local businees scene for 2007. He had this little tidbit. It may be more a suggetion than a prediction. And I wouldn't say it is based on anything. But I thought it was an interesting idea. Not sure how it would work, as CalPERS cetainly wants a good return on investment.
Which is the problem with trying to get any private financing, of course, and the reason the Indian tribes aren't interested so far. The team's cash flow just can't cover much debt service.
By Bob Shallit - Bee Columnist
Published 12:00 am PST Monday, January 1, 2007
Story appeared in BUSINESS section, Page D5
http://www.sacbee.com/103/story/101224.html
• How about those Kings? Despite an awful 2006-2007 season, with no playoff appearances, a deal is struck for a new, privately funded arena that will keep the team right here. Anybody like the name "CalPERS arena?"
Which is the problem with trying to get any private financing, of course, and the reason the Indian tribes aren't interested so far. The team's cash flow just can't cover much debt service.
By Bob Shallit - Bee Columnist
Published 12:00 am PST Monday, January 1, 2007
Story appeared in BUSINESS section, Page D5
http://www.sacbee.com/103/story/101224.html
• How about those Kings? Despite an awful 2006-2007 season, with no playoff appearances, a deal is struck for a new, privately funded arena that will keep the team right here. Anybody like the name "CalPERS arena?"
