Anaheim may issue bonds to upgrade Honda Center for Kings
- Thread starter Mike0476
- Start date
Actually, it's been the non-locals who have regularly pointed out that the arena, not attendance, is the issue. We've been consistent in saying that it's Sacramento's fault, but only by extension of the city council/mayor of old. I don't know that anyone has specifically singled out the fans. Those who have don't really have a pulse on the situation. If anything, I guess an argument could be made to blame the citizens of Sacramento for not voting these tools out of office and replacing them with more effective leadership. Unfortunately, a lot of the fans aren't necessarily within the city limits of Sacramento, which also gums up the works.
Sometimes I wish I could see things in only black and white like this. I've never seen a poster suggest that the Maloofs could do no wrong. I've only seen posters who acknowledge that the Maloofs played a role in certain failures over the years in securing an arena deal.
That said, since you're allergic to nuance, I have a black and white statement for you: The Maloofs -- whether at fault or not -- have the right to move their team whenever they get ready to, because they are not locked into a lease with the city of Sacramento. And they are not locked into a lease because there has been no arena deal.
Read into that whatever you want. But it's really that simple: No arena deal, no lease, [eventually] no Kings.
That said, since you're allergic to nuance, I have a black and white statement for you: The Maloofs -- whether at fault or not -- have the right to move their team whenever they get ready to, because they are not locked into a lease with the city of Sacramento. And they are not locked into a lease because there has been no arena deal.
Read into that whatever you want. But it's really that simple: No arena deal, no lease, [eventually] no Kings.
It's OK, you're still a "townie" in my book. I think that's part of the problem - the Kings cater to more than just Sacramentans; it's a regional team. Had we created a regional response (ie a connected effort with surrounding cities and councilmembers), there would have been a new arena a long time ago.
Good point. That's why they should have tried to get an arena built in Placer county. Much less red tape but it has enough growth potential and is close enough to Sacramento for an arena to make sense there. I always thought an arena near the Roseville galleria mall would have been great. There's also a lot of people with money in Granite Bay/Rocklin/Loomis/Lincoln/Newcastle/Auburn that would have probably purchased season tickets with the team that close to them. El Dorado or Yolo counties could have been viable options as well.
Arenas don't have to be right near downtown. Metro areas generally encompass a much larger area than just the downtown. Only about 1/5 of the Sacramento metro area's population actually reside in Sacramento city limits. The Piston’s arena is about 20-25 miles from downtown Detroit. About the same as a Roseville arena would be from downtown Sacramento.
It’s too bad other options weren’t explored more thoroughly. All the focus on putting an arena downtown or near downtown probably helped sink it.
Arenas don't have to be right near downtown. Metro areas generally encompass a much larger area than just the downtown. Only about 1/5 of the Sacramento metro area's population actually reside in Sacramento city limits. The Piston’s arena is about 20-25 miles from downtown Detroit. About the same as a Roseville arena would be from downtown Sacramento.
It’s too bad other options weren’t explored more thoroughly. All the focus on putting an arena downtown or near downtown probably helped sink it.
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That was my best Palin imitation.
I think you are right about a regional approach. I never understood why this was a city of Sacramento problem to resolve. Arenas could be built anywhere. In fact, Sunrise Mall was built in the middle of open space and because it was attractive, the area grew. The arena could have been in Roseville or maybe West Sac where they actually built a baseball field. But the city took it as their problem and although I suspect someone has brought up this idea before, Sacramento saw money and a way of making downtown Sacto big time. I'll bet they shut every other idea down although I don't know that.
I think Sacto's greed may just be Sacto's downfall as this city will suffer if the Kings leave. They talk about building an arena even without the Kings. Yeah, sure. Tell me another story and frankly I don't care about an arena if the Kings are gone. I have no energy for helping the city because I don't use the city. I watch the Kings though. They are the one thing that draws this area together as something other than a government town with a railroad museum and a statue memorializing it as the end stop on the pony express route.
A great deal of people able to go to an arena and spend money on gear do not live in a government town. I don't.
Ooooops, I see that the note above me just covered the same topic.
I think you are right about a regional approach. I never understood why this was a city of Sacramento problem to resolve. Arenas could be built anywhere. In fact, Sunrise Mall was built in the middle of open space and because it was attractive, the area grew. The arena could have been in Roseville or maybe West Sac where they actually built a baseball field. But the city took it as their problem and although I suspect someone has brought up this idea before, Sacramento saw money and a way of making downtown Sacto big time. I'll bet they shut every other idea down although I don't know that.
I think Sacto's greed may just be Sacto's downfall as this city will suffer if the Kings leave. They talk about building an arena even without the Kings. Yeah, sure. Tell me another story and frankly I don't care about an arena if the Kings are gone. I have no energy for helping the city because I don't use the city. I watch the Kings though. They are the one thing that draws this area together as something other than a government town with a railroad museum and a statue memorializing it as the end stop on the pony express route.
A great deal of people able to go to an arena and spend money on gear do not live in a government town. I don't.
Ooooops, I see that the note above me just covered the same topic.
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Anaheim Bonds in trouble?
http://www.ocregister.com/news/city-293075-anaheim-million.html
Let's be clear, though, about the ironic twist here. If the Kings were to stay in Sacramento, it would require selling $300M-$400M (or more) in bonds. The City would sell these to fund construction; when people talk about private funding for the arena, what they're really talking about is private repayment of the bonds the City sold.
Why is this ironic? Well, a couple Kings fans are on the OC Register forums to add their two-cents, saying "Don't fund the Maloofs dreams!" or words to that effect. Over what? Anaheim's proposal to sell $30M (or so) in bonds to construct new offices and build a workout facility. So it's "funding the Maloofs' dreams!" to sell $30M in bonds to move to Anaheim, but "Keeping Sacramento from becoming a cow-town" if Sacramento sells $300M-$400M in bonds.
I've been wondering how "Staying" even works now. Haven't the Maloofs already wiped out the season ticket holder base already? They already seem like outsiders to me. It's as though they're back in Kansas City, trying to decide between Sacramento and Anaheim, and about 95% of the outside world is wondering why this is even a point for debate.
Anyway, in spite of the OC Register article above, I think this is a rubber-stamp. The part where the City is currently not making money on Honda, but where they will make 15% of the profits once the arena hits a certain revenue levels, cements the fate for these bonds. I just can't see them not passing.
As to the point where the Maloofs will simply be tenants at Honda, my position is that this is precisely what the Maloofs want to be -- and what they would be if they stayed in Sac. There's no advantage on that point when comparing Anaheim with Sac -- either way, they'll be a tenant. The deal-breaker is the TV deal. I personally think the Maloofs can't wait to get down there.
Boy, Fan Appreciation Night in PBP will be very awkward this year...
http://www.ocregister.com/news/city-293075-anaheim-million.html
Let's be clear, though, about the ironic twist here. If the Kings were to stay in Sacramento, it would require selling $300M-$400M (or more) in bonds. The City would sell these to fund construction; when people talk about private funding for the arena, what they're really talking about is private repayment of the bonds the City sold.
Why is this ironic? Well, a couple Kings fans are on the OC Register forums to add their two-cents, saying "Don't fund the Maloofs dreams!" or words to that effect. Over what? Anaheim's proposal to sell $30M (or so) in bonds to construct new offices and build a workout facility. So it's "funding the Maloofs' dreams!" to sell $30M in bonds to move to Anaheim, but "Keeping Sacramento from becoming a cow-town" if Sacramento sells $300M-$400M in bonds.
I've been wondering how "Staying" even works now. Haven't the Maloofs already wiped out the season ticket holder base already? They already seem like outsiders to me. It's as though they're back in Kansas City, trying to decide between Sacramento and Anaheim, and about 95% of the outside world is wondering why this is even a point for debate.
Anyway, in spite of the OC Register article above, I think this is a rubber-stamp. The part where the City is currently not making money on Honda, but where they will make 15% of the profits once the arena hits a certain revenue levels, cements the fate for these bonds. I just can't see them not passing.
As to the point where the Maloofs will simply be tenants at Honda, my position is that this is precisely what the Maloofs want to be -- and what they would be if they stayed in Sac. There's no advantage on that point when comparing Anaheim with Sac -- either way, they'll be a tenant. The deal-breaker is the TV deal. I personally think the Maloofs can't wait to get down there.
Boy, Fan Appreciation Night in PBP will be very awkward this year...
swing and miss.
There is a huge difference. First, if sacto builds the arena and the kings stay then the maloofs would sign a lease. Those payments would go to the payment of the bonds this would be a big chunk of the repayment. Also, other taxes could be created (hotel, motel/taxi, etc) to help repay the bonds.
Anaheim would be selling bonds with what mechanism to repay them? Increasing tourist taxes? Additional potential profits from and NBA team? Anaheim currently has a $10 million deficit in their budget. They still owe $36 million on the bonds sold to build the Honda center in 1993. They may even still owe on the remodel costs.
The maloofs would not just be tenants in Sac. They would be the ones running the arena like the ducks owner does at the honda center.
There is a huge difference. First, if sacto builds the arena and the kings stay then the maloofs would sign a lease. Those payments would go to the payment of the bonds this would be a big chunk of the repayment. Also, other taxes could be created (hotel, motel/taxi, etc) to help repay the bonds.
Anaheim would be selling bonds with what mechanism to repay them? Increasing tourist taxes? Additional potential profits from and NBA team? Anaheim currently has a $10 million deficit in their budget. They still owe $36 million on the bonds sold to build the Honda center in 1993. They may even still owe on the remodel costs.
The maloofs would not just be tenants in Sac. They would be the ones running the arena like the ducks owner does at the honda center.
The ELK GROVE KINGS sounds doable too! 
All the red tape though has me bothered. It should/could/would be more successful in an outlying area. Downtown just has too many retarded people in politics that don't understand politics
They should put the arena up where the mall was supposed to be on Grantline and 99.. There is already a nice roadway infrastructure right there! Plus it would be about 5 miles from my house so I could ride my bike there hehe..
It would also give us a VERY GOOD reason to put the light rail into Elk Grove. It's win win for pretty much everyone.
It makes too much sense for it to work though.
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I wouldn't mind that one.. Eve in a down economy I would renew my season tickets for that one as my father, and brother would theirs.. That's 2 for my dad, 2 for brother, and 1 for me.. that's 5 seats sold out right there for years and years!
All the red tape though has me bothered. It should/could/would be more successful in an outlying area. Downtown just has too many retarded people in politics that don't understand politics
They should put the arena up where the mall was supposed to be on Grantline and 99.. There is already a nice roadway infrastructure right there! Plus it would be about 5 miles from my house so I could ride my bike there hehe..
It would also give us a VERY GOOD reason to put the light rail into Elk Grove. It's win win for pretty much everyone.
It makes too much sense for it to work though.
All the red tape though has me bothered. It should/could/would be more successful in an outlying area. Downtown just has too many retarded people in politics that don't understand politics
They should put the arena up where the mall was supposed to be on Grantline and 99.. There is already a nice roadway infrastructure right there! Plus it would be about 5 miles from my house so I could ride my bike there hehe..
It would also give us a VERY GOOD reason to put the light rail into Elk Grove. It's win win for pretty much everyone.
It makes too much sense for it to work though.
Agreed. I live in Galt - an arena in Elk Grove would be perfect for me as well. And imagine the stimulus that would pose for the partially constructed mall development as well.
Isn't happening though. The city has been hammered by the economy and they were one of the fastest growing cities in CA - all that residential construction just died.
Isn't happening though. The city has been hammered by the economy and they were one of the fastest growing cities in CA - all that residential construction just died.
Good news.
http://blogs.sacbee.com/the_swarm/2011/03/orange-county-register-no-spec.html
OC register is cominig out against any bonds for improvements.
http://blogs.sacbee.com/the_swarm/2011/03/orange-county-register-no-spec.html
OC register is cominig out against any bonds for improvements.