Kings sue insurer, pay lower lease after Covid-19

  • Thread starter Sacramento Business Journal
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Sacramento Business Journal

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A year after Covid-19 derailed big events at Golden 1 Center, the building's primary tenant has taken some steps to adjust. In addition to suing an insurer who wouldn't pay a claim for Covid-19 losses, the Sacramento Kings have also invoked a clause in their building lease with the city to make lower payments. "Like other companies across all industries, the pandemic has caused significant economic impacts to our operations," a statement issued by the Kings said.

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