Arena Deal Documents to Be Released

L

ladyjay114

Prospect
#1
#1
from KCRA via Yahoo
http://news.yahoo.com/s/kcra/20061026/lo_kcra/10166333

Judge: City Must Release Arena Deal Documents

A judge ruled Thursday morning that the city of Sacramento will be required to make public the details of its dealings with Sacramento Kings owners Joe and Gavin Maloof with regard to the deal to build a new sports arena in Sacramento.
The ruling comes in response to a lawsuit filed by the the Howard Jarvis Taxpayers Association.
The judge heard arguments from both sides during a brief court session Thursday morning and immediately ruled that the city attorney must turn over the information to the Jarvis group.
"Before voting on the arena tax, the voters are entitled to know what did the city offer the Kings in order to get them back to the table, how much of the term sheet is still in effect, how closely does the current proposal resemble to rosy picture painted by the campaign ads on TV. By holding an election, the city has created the need for an informed electorate," Howard Jarvis Taxpayers Association attorney Tim Bittle said.
A city attorney countered that 90 percent of the arena deal has been disclosed and that only 10 percent is still being negotiated as a proposal.
"What could possibly be gained by looking at a proposal which the other party received and rejected? There is no agreement on the remaining issues and that's where the negotiations stand, assuming there is any further negotiation before the election," city of Sacramento attorney Chance Trimm said.
A spokesman for the Jarvis group said they plan to visit the city attorney's office later in the day to pick up the documents.
A spokesman for the city attorney's office said it may appeal the ruling to the 3rd District Court of Appeals.
 
VF21

VF21

Super Moderator Emeritus
SME
#2
#2
Update: Although the spokesman for the Jarvis group visited the city attorney's office, they did not obtain documents. The city attorney sought and was granted a stay while they prepare their appeal.
 
kennadog

kennadog

Dog On It!
#4
#4
They want to see the draft proposal the city gave to the Maloofs as part of the negotiations. Yeah, like that will help anybody decide.
 
C

Carole

Bench
#5
#5
They're Released!!

http://www.sacbee.com/102/story/52943.html

As far as Parking only:

  • Landlord will contribute $45 million toward construction of parking adjacent to the Arena which will provide approximately 2,000 parking spaces (the "Adjacent Parking Spaces"), to be controlled by Tenant and from which Tenant will receive and retain all revenues. Landlord hereby agrees to provide up to a maximum of 3,000 Adjacent Parking Spaces to the extent that funds are available in the Project budget. The Adjacent Parking Spaces will be located as generally illustrated in Exhibit B and will be configured to permit a maximum twenty (20) minute exit time ("open field" exit time) for that number of cars following Arena events under normal circumstances.
2. Landlord and/or the Railyards developer will take all action reasonably required to assure Tenant that, prior to the opening of the Arena, in addition to the Adjacent Parking Spaces, there will be at least 5,000 unrestricted parking spaces available for public parking within approximately a (10) minute walk from the Arena. It is currently contemplated that approximately 3,500 unrestricted parking spaces available for public parking shall be available just south of the Arena in the area generally bounded by Big Four to the North, 5th Street to the South, 6th Street to the East and Bercut to the West. In addition, it is expected that approximately 1,000 unrestricted parking spaces available for public parking shall be located at the Intermodal Facilities. Additional temporary and/or permanent spaces shall be made available, to the extent necessary, to provide a total of 5,000 unrestricted parking spaces available for public parking by good faith negotiations between Landlord, Tenant and the Railyards developer.

Sheesh, where we all 17,000 of us park? And if the new arena is bigger, gridlock!!
 
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