Editorial: Arena talks must nail down the bottom line

[Mike0476]

Here's an editorial...

http://www.sacbee.com/2011/01/15/3325371/arena-talks-must-nail-down-the.html

 

[stevetaebo]

Thanks Mike for your links. They help me stay connected to my home town.

 

[Trueblood]

The article seems biased towards building the arena in Natomas but I'm telling you, the Maloofs will never go for a deal where all that revenue gets taken out of their pockets. At best, they'll agree to something where they pay an equivalent of the $10 million a year that they were willing to pay for the convergence idea but if that's the case, why go through the headache of counting up seat licenses, suite sales, parking receipts and the like? Why not just charge them $10 million in rent as well?

 

[JB_kings]

Yeah the Natomas deal is not great for the Maloofs. The ticket revenue is part of their income to run the team. They won't give that away. The PSL thing will never sell out the 10,000 they need. They can't even sell that many season tickets these days. The article is right about something though. It will take some public support to get it done.

I don't get the commitment thing though. They have been at this for ten years and were committed to being here all that time. At some point they have to look elsewhere as they should. If you can't put a deal together under this kind of pressure, than another 10 years will pass.

 

[kennadog]

Yeah the Natomas deal is not great for the Maloofs. The ticket revenue is part of their income to run the team. They won't give that away. The PSL thing will never sell out the 10,000 they need. They can't even sell that many season tickets these days. The article is right about something though. It will take some public support to get it done.

I don't get the commitment thing though. They have been at this for ten years and were committed to being here all that time. At some point they have to look elsewhere as they should. If you can't put a deal together under this kind of pressure, than another 10 years will pass.

And the prior owner of the Kings tried for three yearws to get a new arena. We're talking almost 14 years, actually, with zero progress. It's depressing.