Maloofs press release

pdxKingsFan

So Ordinary That It's Truly Quite Extraordinary
Staff member
#31
But why not do an airport/hotel/car rental tax like every other city that publically finances an arena? I know why, because that requires the county to play along. But that's the type of tax most people will get behind. The county has a stake in this too yet everyone always points fingers at the city leaders.
 

Mr. S£im Citrus

Doryphore of KingsFans.com
Staff member
#32
Of course, the difference is that Seattle still has the Seahawks and the Mariners, and literally dozens of tourist attractions that are significant sources of commerce for the city. They're one of a handful of NBA cities that could survive losing their NBA team relatively "unscathed."
 

Warhawk

Give blood and save a life!
Staff member
#33
But why not do an airport/hotel/car rental tax like every other city that publically finances an arena? I know why, because that requires the county to play along. But that's the type of tax most people will get behind. The county has a stake in this too yet everyone always points fingers at the city leaders.
Uh, because we already have said tax on the books, maybe? :rolleyes:
 
#34
Uh, because we already have said tax on the books, maybe? :rolleyes:
The transient occupancy tax (hotels) for most of Sacramento is already at 12%. That is among the highest rates outside of tourist destinations like Anaheim. Nailing down the car rental tax has been harder for me to find. It would have to be a county tax so that it included the airport. A city car rental tax would amount to nothing. If this was easy, it would be done already.
 
#35
Uh, because we already have said tax on the books, maybe? :rolleyes:
I think such a tax would also require a public vote as well. As many have noted, no tax increases passed this year. Call it "voter sentiment."

I think the final answer here is that the last set of negotiations were done behind closed doors, in another town, and the public had scant opportunity to provide input (whether positive or negative). It seems clear now that voters did not want a tax hike, regardless of how large or small it is. Our own transportation Measure A, which was also 1/4 percent, passed with better than a 2/3 majority, because people perceive transportation as a need.

An arena is a luxury, plain and simple. Some may view it as such a desirable luxury that it's almost a necessity, though.

What they ended up with was some pretty rich fans negotiating for "us," collectively, and that's a very diverse group. And that's the point/problem: We are diverse. "We" are 48 year old men (well, at least one of us is); "We" are retirees; "We" are college-educated; "We" are uneducated... And so on.

That's what I say when I note that I think sometimes kingsfans operates with its blinders on. They just can't imagine a world where moms and dads really never take their kids to Kings games. Personally, I sometimes find myself looking at the TV screen, seeing some 9 year old dancing away on a Tuesday night, and I catch myself thinking, "Man, I hope that family has enough in reserve for that kid's 529."

And right away, I stop myself here: If you're a mom and dad and are taking your 9 year old to 20 games a year, and have no idea what a 529 is, you need to give up your season tickets probably 9 years ago.

To stop meandering here, this really was not done with enough public debate and input. The pols would have better understood why people would vote against this if they had. People keep telling me that it's only a Starbucks a month, but honestly, how do they know? For a lot of people, it was way more than that.

For this to succeed eventually, they need people like me (and not just me): People who can see how railyard development ain't a bad idea at all, and even throwing SOME public money is warranted, but who also thought THIS PARTICULAR deal was bad. We can't have a rehash thrown at us in June 2008. The voters will reject it.

And the Maloofs must budge on a seat surcharge. I can tell you this as my open, active prediction: If the next try has a sales tax and no seat surcharge, you're looking at 81-19 again. It's really important to get this point.

We'll see what's next. If you haven't seen a new plan by November 2007, I think the party's over.
 
#37
If I had rights to vote, I would have voted "Yes". I'm quite frankly bewildered that people don't understand the need for hosting major sport event in the city. If Maloofs decide to leave Sacramento - I know whom to blame: I have counted every one of you "taxpayers" in this board!... *shake fists*
 
#38
And they can't be modified but the sales tax is no problem? Give me a break. They're still the best hope.
Because they cannot raise near enough money that way.

Since the Bee refuses to publish Harvey Benjamin's comments on what went wrong and how the city screwed this deal up, there is a link on KHTK's website.

http://www.khtk.com/article.asp?id=48647

The NBA was shocked when they found out from Thomas Enterprises that the city did not live up to what they promised during negotiations and that the Maloofs were being blamed for trying to renogotiate anything, when they did not. At least not until the original agreement was dead and gone.
 

VF21

Super Moderator Emeritus
SME
#40
I think such a tax would also require a public vote as well. As many have noted, no tax increases passed this year. Call it "voter sentiment."

I think the final answer here is that the last set of negotiations were done behind closed doors, in another town, and the public had scant opportunity to provide input (whether positive or negative). It seems clear now that voters did not want a tax hike, regardless of how large or small it is. Our own transportation Measure A, which was also 1/4 percent, passed with better than a 2/3 majority, because people perceive transportation as a need.

An arena is a luxury, plain and simple. Some may view it as such a desirable luxury that it's almost a necessity, though.

What they ended up with was some pretty rich fans negotiating for "us," collectively, and that's a very diverse group. And that's the point/problem: We are diverse. "We" are 48 year old men (well, at least one of us is); "We" are retirees; "We" are college-educated; "We" are uneducated... And so on.

That's what I say when I note that I think sometimes kingsfans operates with its blinders on. They just can't imagine a world where moms and dads really never take their kids to Kings games. Personally, I sometimes find myself looking at the TV screen, seeing some 9 year old dancing away on a Tuesday night, and I catch myself thinking, "Man, I hope that family has enough in reserve for that kid's 529."

And right away, I stop myself here: If you're a mom and dad and are taking your 9 year old to 20 games a year, and have no idea what a 529 is, you need to give up your season tickets probably 9 years ago.

To stop meandering here, this really was not done with enough public debate and input. The pols would have better understood why people would vote against this if they had. People keep telling me that it's only a Starbucks a month, but honestly, how do they know? For a lot of people, it was way more than that.

For this to succeed eventually, they need people like me (and not just me): People who can see how railyard development ain't a bad idea at all, and even throwing SOME public money is warranted, but who also thought THIS PARTICULAR deal was bad. We can't have a rehash thrown at us in June 2008. The voters will reject it.

And the Maloofs must budge on a seat surcharge. I can tell you this as my open, active prediction: If the next try has a sales tax and no seat surcharge, you're looking at 81-19 again. It's really important to get this point.

We'll see what's next. If you haven't seen a new plan by November 2007, I think the party's over.
Whatever...

The only clear message that came from this vote is that people aren't fools. They aren't going to buy a pig in a poke and without any kind of agreement between the city/county and the Maloofs, that's what the county was asking the public to vote for. The COUNTY, not the Maloofs.

At this point, instead of predicting doom, why not wait and ... here's a thought... actually see what they can come up with BEFORE you make up your mind?
 
#41
http://www.nba.com/kings/news/Maloof_Statement_110806.html

We respect the voters’ decision. We know how hard it is to vote for any tax increase.

For the past 6 1/2 years we have worked with local leaders to come up with a way to replace an aging ARCO Arena with a state-of-the-art sports & entertainment center in the Sacramento region. We have worked through seven different proposals (see page two details) utilizing a wide range of financing options. None of those efforts have produced the desired results despite countless hours of work and effort.

Nevertheless, we are committed to continue the effort. ARCO Arena is an inadequate NBA facility that increasingly constrains our ability to provide our guests with high quality entertainment experiences.

As for the question of ‘what is next?’ the answer is simple: we don’t know. We don’t know of any alternative proposal and have no other plans in the works.

Simply put, we are back at square one. We will seek guidance from the NBA and hope they can provide suggestions about alternative means for achieving our objectives in Sacramento.

Despite this latest disappointment, we will continue to provide our fans with the highest quality basketball possible and all of our guests at ARCO Arena with the highest possible levels of customer service. We look forward to a great Kings season.


--------------------------------------------------------------------------------


I did not see this linked, it is the entire official statement.

I am surprised that they do not have a plan B, but it does sound like they still want to stay in Sac to me.
 
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#42
I have believed and still believe the Maloofs want to stay. I just think we are nearly out of time. Since I suspect they could get a better deal in another city, I give them kudos for beng patient this long in trying to work it out here. I beleive that is out of respect to the loyalty of the fans in Sacramento.
 

Entity

Hall of Famer
#43
Is Arco arena and the city of Sacramento a contract between the kings organization or can it be moved at any time?

Because The Kings are gone first chance that comes up.
 
#44
I think there's still a chance for a deal. If you heard what the NBA rep who was at the negotations had to say on KHTK (I've heard excerpts), then you would have a very different picture of what's gone on than what the local media has chosen to share with us.

I think the Maloofs are still committed to making things work. I hope they realize the nay-sayers are NOT speaking for everyone. By far the most common complaint about Q & R was that nothing was actually set forth for the people of Sacramento to vote on.

Joe Maloof was being very honest when HE first pointed out to the voters that the arena might not end up being in the railyards if Q & R pass for a variety of reasons. The Maloofs weren't going to support measures that were without any basis in fact. They made the right choice. Unfortunately, the media chose to make it appear as though they were more interested in a hamburger commercial, as if it had to be an either/or situation.

For a number of years now, it has been the rule of the day for most media talking heads to point fingers at the Maloofs. Only a few have bucked the trend. Mark Kreidler has been very up front, as has Ailene Voisin. Voisin, who won't hesitate to make the negative comment if she feels it justified, has actually toured most NBA arenas and has consistently pointed out how lucky we are to have owners like the Maloofs.

Dave Jones is still an idiot with his own agenda. He is the type of person who will always find a way to make it look like the other guy's fault if things go opposite to what he wanted, while finding a way to take the credit if things go his way.

Don't lose hope quite yet. If you do, the nay-sayers have already won.
I haven't read the rest of this thread yet...but that is good news. I haven't looked, but would like to see some of the exit polls on why people voted no. If indeed your right, at least that lends some hope. Only problem of course is the time. They will have to wait til '08 now, that date is what makes doubt seep in for me.

I haven't lost all hope, But that letter was alarming and its good to see that the NBA won't make it easy for the Kings to leave. Which was my first impression of that press release. I have slept on it now.. Feel a little better but have some doubts.
 
#45
But why not do an airport/hotel/car rental tax like every other city that publically finances an arena?
I would also think that we just don't get as many travelers as some of the other cities. The only mass amount of rentals are at the Airport, for a 600mil arena thats a lot of cars and hotel's rooms.
 
#46
Is Arco arena and the city of Sacramento a contract between the kings organization or can it be moved at any time?

Because The Kings are gone first chance that comes up.
Arco is owned by the Maloofs, but there is a lien held by the city for the 1997 loan.
It's a complicated answer, but from everything I've read - the Kings are free to move next summer without any sort of legal challenge. Any kind of restriction in the '97 loan was for 10 years and that expires in the spring. They will however have to pay off that loan no matter what.