Arena deal still up in the air!

Warhawk

Give blood and save a life!
Staff member
#31
And the misconception is that the city gets to decide what to do with Arco. Kings leave, Maloofs pay off the loan, they own it and get to decide what happens to Arco. Considering all the consultants have agreed its nearing the end of its useful economic life and the foaundation will not support remodeling, I fully expect it to be razed, the land sold for other, much more lucrative development.
I know, I was just pointing out that if the City/County or some other entity somehow did manage to retain it after the Kings left, it wouldn't be good for much and still would need to be replaced.
 
#33
I just saw a peice on KCRA Channel 3 that showed a polititian lady (the Mayor??) saying that she figured there was a little worse than 50% support. I read that as her supporting this because otherwise she would have said a little better than 50%. That seems interesting to me!

I have not read far back in this section - sorry if that was repetetive.
 
#34
The only way this bond issue passes is if there is a sunset clause for the sales tax.
Problem with that is Sac County has some history here, There recently was/is a sales tax that never "set with the sun". It expired and the county just made it permanent. Fool me once shame on me....

I am not encouraged that now its just going to be "phone talks" and they broke off the sit downs in Vegas. Problem is they have to rush this, there is no other choice, if this doesn't make the nov ballot we are absolutely screwed unless it goes all private financing... That is not likely to happen.

About a week or two ago I didn't think this was in critical stage but the state law about taxes only being on general ballots didn't enter into my thought process at the time. Bound to happen I am getting older :) That Krandall doom story jogged my memory. This isn't good we need a NOV ballot no matter how they do it. The Maloofs have the resources to do a quick campaign and the good thing is the nay side will have just as much time, the bad is they have the numbers with them.

I believe this is absolutely critical last chance type of deal right now. This has to get on the ballot. If the council doesn't figure something out then lets be sure not to blame the Maloofs. I think its clearly evident they are trying everything to get this on the ballot. If I remember right when Cohn? tricked/blindsided them in the last minute at the council meeting a few years ago? they were saying the same thing. Let this go to a vote.

WOW just re-read my post, have fun I can't understand it either.
 
#35
This is at KCRA.COM

Sorry, I know how important links are.
I did not paraprase very well.

SACRAMENTO, Calif. -- Sacramento Mayor Heather Fargo said if Tuesday's deadline for a deal on a new sports arena is not met, it will not mean an end to efforts to build a new arena in Sacramento.

The big sticking point in reaching a deal remains the cost of a new arena, which is expected to exceed $400 million.

Part of the money would come from a quarter-cent increase in the Sacramento County sales tax, which would have to go before votes.
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Despite a recent round of talks involving city and county leaders and the Sacramento Kings ownership in Las Vegas, there is still no agreement. Fargo said it could go either way.

"I think it might be a little bit worse than 50-50 right now, but sometimes deadlines make people make different decisions," Fargo said.

Even if a deal is reached by Monday or Tuesday, it still must go through a public hearing.
 
#36
There has got to be something I can do to help to keep my team here!
"Instead of taking polls of 'in-the-dark-people', I wish there were some education going on - like telling the voting masses what an arena could be, statistics from San Diego, and other uses suggested for the arena. All we know is this little one-use-at-a-time building. We haven't seen San Diego with its restaurants and on-site vendors. And don't get me started on parking. Who is doing this research and why isn't it being distributed, BEFORE the polls are taken?"

The above is a post on the "Bee: Arena Talks corral key parties" thread.

How about you create a web site with all this info readily available FANSINCEDAY? That could help keep our teamhere!
 
#37
VF addressed this in another post and I totally agree.

We really cannot go forward until a proposal is on the table. Right now this is all out of our hands, parade naked in the streets it's up to the city to put this on the ballot. After that the campaign begins... Remember I am very anti-tax and Very Pro-Kings.... I am caught in the middle but would lean towards my entertainment vs nothing. but still anti-tax over everything... I am a mixed bag of nuts