Not worried about 4 days being enough time. The council knows what's been going on and how the city intended to fund their portion of the arena deal. There are no surprises in the term sheet. Any push back from the council members at this point is just for show.
Agreed. Much of the deal is similar to last year so this isn't coming as a "surprise". Basically a much better deal than last year with much better partners.
As to the 35 year naming rights, I think they will hammer out a good deal for the first 5-10 years and go from there. Not the City's responsibility.
Kings Vs Lakers....Always a huge contingency of Laker fans show up to games out here. Not sure how our fanbase turnout is in LA, as I have never been to any Kings-Lakers games at Staples....
Warriors Vs Lakers......Kings fans ALWAYS show up in big numbers in Oak-Town
in-state rivals...makes for a great story line going into games...
How about naming rights for the new Downtown Plaza shops? I vote Crown Downtown Plaza. Has a nice ring to it...![]()
Yes, is the short answer. As a person who has read two term sheets in my entire life, I found that having read the first made it a lot easier to read the 2nd. I hate politics especially when people lie.
there was one page though, that if you drew a straight line diagonally from the top left, and juggled all those letters, it said "screw seattle".
I needed that giggle, baja. I have been very confident until Friday. I know it's not logical and when logic is vs emotion, I will pick logic anyday. Unfortunately, on Friday my son wrote me a note saying we had screwed everything by missing the term sheet deadline up and believe me, my son is not the hysterical type. He is probably older than half the members of this forum. I calmed him down. Then I made a mistake and read some Sonics fans' notes which I never had done before. Now I have this element of doubt about what the BoG will do. Someone slap me aside the face and tell me to calm down. I don't need a list of all the reasons why we will come out ahead but still, I need the slap. HARD!!!!
Damn! When does the fat lady sing? I swear that if the decision is put off I will wet my pants (Glenn rummaging to find his Depends). It's been intelllectually stimulating discussing the issue and the input of the master, Kennadog, has helped immensely. I KNOW the City Council will vote in our, the City's, favor. How could it turn down an influx of money to make the downtown area a major city-like atmosphere. It's just the BoG that is not under our control. I just hope they are under the control of Stern. For the most part, they ARE under his control as he has led the owners and players to riches over the last 3 decades.
Given all the reasons that the BoG should favor Sacramento over Seattle (sorry Seattle, it has nothing to do with who did what first) how can the NBA turn down the sweetener of being the major league that rebuilt or, heck, built a city and changed its culture? In a few years this quaint large/small town city may very well become a target city for people and business.
I moved here because it was the largest small town I knew of. Now everything has changed and just may kick into another gear and become big time. Seattle folks laugh at us as being small town and they have a point. It will be about 5 years before no one will be able to look at Sacramento and think "small town with small thinkers."
I just need to vent.
Great news. Lots of thoughts.
Regarding the hotel, I think it would be cool to build a tall structure similar to what you see at LA Live. With a new tower dominating , it will make the skyline look so much better and more like a real city. Charlotte and OKC have similar situations where one building dominates and it makes the entire skyline look like a more major city. Or is that too expensive and not worth it financially?
As for the Warrior rivalry, I think this could be huge. For the first time ever, the Kings have a top notch ownership group and the Warriors finally have one after that horrific Cohan era. A lot of people don't realize it but since the Kings have come to Nocal, there has never been a season where both teams were in the playoffs in the same season or even where both teams were above .500 in the same season. That makes it tough to build a decent rivalry. With downtown arenas in both markets and top notch ownership in place, we may finally have that. Imagine a playoff series with both teams not only in the post season but matched against each other with both fan bases making the 90 mile trek to represent their team at the other crib. This could be great for both franchises.
What about a timeline? How quickly can this get past the red tape process? How long will it take to tear down the part of downtown plaza that the arena will be located?
This is something that would make me very angry. That the BOG votes for the Kings to stay in Sacramento but give Seattle an expansion team. That means I wouldn't be able to go over to the Sonics forums and troll them. You know the attitude over there would be "well we didn't want the Kings anyway". lol
As long as we keep the Kings, I'm pretty sure when the time comes nobody is going to care what happens in Seattle. It isn't about what Seattle fans say anyway, is it? Really?
I've quit worrying about what people in Seattle say or do. The only things that matter now are what the city council says on Tuesday and what the BoG decides come April 18., (Don't look for Seattle to bad out ahead of time. There's absolutely no reason for them to do so. They've got a legitimate bid on the table.)
Agreed. The only way I see Seattle backing out is if (like with Anaheim and the Maloofs) Seattle hears that they will get turned down and decide not to "push" the issue. I also think they will only pull out if guaranteed an expansion team. Not counting on that particular sequence to take place, but it is the "ideal" resolution I keep hoping for.
Agreed. The only way I see Seattle backing out is if (like with Anaheim and the Maloofs) Seattle hears that they will get turned down and decide not to "push" the issue. I also think they will only pull out if guaranteed an expansion team. Not counting on that particular sequence to take place, but it is the "ideal" resolution I keep hoping for.
News10 said something quite different. They said it would be $340 mil to buy the Kings and $190 mil to pay for the arena. That's the amount Burkle/Mastrove/Ranadive will spend. The difference between that sum and $1 bil would be used to build up the downtown area around the arena. Unless my mind has gone daft, that's an extra $470 million that the investment group is going to spend in Sacramento. I think the smoke needs to clear before we can say what exactly the three are going to spend.
Thank you Livingthedream. This is a BIG deal for Sacramento. Far bigger than originally thought.
And it's not just the three and how much they will spend around the arena. It's all the other private investors out there that will be spending. This is huge news. We're easily looking at $1 billion + infusion into downtown.
You're exactly right. The total will be more than $1B when other satellite projects happen.
You're exactly right. The total will be more than $1B when other satellite projects happen.
The impact to the local area in regards to kings or the sonics favors the kings by a lot it looks like. 1b vs how much is Seattle putting into their local economy? To me it's no contest.
Assuming the deal is passed by the city council and approved by the NBA, I think this is the biggest selling point in Sacramento's favor. If you're the NBA there's not really a better storyline than how an arena funding using public money spurred a revitalization of a city's downtown area. If successful Sacramento would be an example to how mutually beneficial it can be for cities to work with the NBA when it comes time for a new arena.
The "Seattle's a bigger market and will mean more TV & sponsorship money" argument or the even more myopic "the NBA wants Ballmer and his money" are missing out on the larger narrative which is that having a success story in Sacramento bodes well for every other small to medium market team.
Agreed. The only way I see Seattle backing out is if (like with Anaheim and the Maloofs) Seattle hears that they will get turned down and decide not to "push" the issue. I also think they will only pull out if guaranteed an expansion team. Not counting on that particular sequence to take place, but it is the "ideal" resolution I keep hoping for.