Yeah let's dwell on past failures that Kevin Johnson had nothing to do with. What a progressive approach. That's the way to get something done.
Oh please! You are carrying on like a pork chop balimg Maloofs for everything, including the global warming and the crisis in Libia.
Fact is that this has been brewing for over a decade and has been ignored. The Arena was outdated the minute first brick way layed and there are been nothing done since then to get a viable plan going forward. There is a combination of things why nothing has been done and why Maloofs are looking to move. The GFC hasn't helped and has hit Sacramento's economy greatly but it has also hit the Maloofs and while at times they might have been more comfortable to take the risk, they are not now. No one can blame them for it because its their business.
The arena is not viable and hasn't been for some time. People will point how Kings are making money, sure with the lowest payroll in the league and the lowest paid coach in the league and with about half the staff than majority of other NBA teams. Then we hear things like, because the product on the floor is ****, the people are not coming to the games. Its more than that but how can you put a winning team on the floor when you are basically forced to keep your costs to a minimum in order to stay alive????
Sacramento has a number of top 5 longest sell out streaks in the league so in the past they have been more than happy to sell out Arco even though the Kings were perennial losers. So whats changed?! Economy! People can no longer afford to buy season tickets in the current economic climate thats hit them hard and the Kings in an outdated arena cannot generate enough other revenue to stay afloat. Maloofs have been hit hard financially, people and government of Sacramento have been hit hard financially and all that while we have an outdated arena that is not able to generate other income stream for the team. Thats the problem. Unless there is magically some $400million loose change drop from somewhere, this situation is like being put between a rock and a hard place.
I am sure Maloofs would rather put some $100+ million towards an arena in Sacramento than towards a move to be a tenant somewhere else but the problem is, there is no money to build this thing. Maloofs don't have it, city doesn't have it, no one wealthy enough is stepping forward offering it and despite all the best efforts its a long shot because there is no funds to get it done. SO there comes a point where this no longer can go on because of things remain as they are, the team faces contraction or being bought by someone and moved which is really no different to what is taking place now.