New Downtown Arena Plan Expected in June

[rainmaker]

A new plan for how to build an arena in downtown Sacramento is now expected in June, Mayor Kevin Johnson said Tuesday.
"It's going to take a little longer," Johnson told reporters.
Johnson had initially said he hoped to offer an update to the City Council as early as May 8.
"I was shooting for sometime in May. It'll probably take until June," said Johnson.
The mayor said he had recently met with Tim Leiweke, CEO of AEG Worldwide, an arena management company based in Los Angeles.
"We had a very good conversation. He believes in Sacramento. He believes in our market," said Johnson.
However, Johnson added, "They could not make a commitment, obviously."
Since an arena-funding deal with the owners of the Sacramento Kings fell apart last month, the city has been preliminarily studying the example of Kansas City, which built an arena in 2007 without a sports team tenant.
The financing of Kansas City's Sprint Center largely relies on car rental and hotel taxes.
Much of the car rental tax revenue is generated at Kansas City International Airport, which, unlike Sacramento's major airport, is located within its namesake's the city limits.
In addition, Sprint Center officials have said their facility regularly draws visitors from up to 250 miles away. Sacramento is located 125 miles away from HP Pavilion in San Jose, which was recently ranked as the nation's busiest arena.
"What (AEG) did in Kansas City was an anomaly in many respects," Johnson said.
Meanwhile, the City Council was expected to formally receive an already-released staff report outlining the expenses of the arena plan.
The report said the city spent $686,000 on various consultants, studies and arena-related travel.
PDF: Read City's Arena-Related Travel Expenses
"We still learned a lot," said Johnson, who added that the arena studies would also apply to an intermodal transportation facility planned for the same location.
"So all that work will pay off and will help us have a leg up when it comes to whatever we put on that particular project," said Johnson.

http://www.kcra.com/news/31029829/detail.html

I still have confidence in KJ that something positive will get done. If Lieweke is still potentially on board and believe in the Sac market, and given the Maloof portion was on 73M of 391M total, I'll remain hopeful that the Maloofs bailing on their portion might not be enough to completely derail the arena.

 

[pdizo916]

A new plan for how to build an arena in downtown Sacramento is now expected in June, Mayor Kevin Johnson said Tuesday.
"It's going to take a little longer," Johnson told reporters.
Johnson had initially said he hoped to offer an update to the City Council as early as May 8.
"I was shooting for sometime in May. It'll probably take until June," said Johnson.
The mayor said he had recently met with Tim Leiweke, CEO of AEG Worldwide, an arena management company based in Los Angeles.
"We had a very good conversation. He believes in Sacramento. He believes in our market," said Johnson.
However, Johnson added, "They could not make a commitment, obviously."
Since an arena-funding deal with the owners of the Sacramento Kings fell apart last month, the city has been preliminarily studying the example of Kansas City, which built an arena in 2007 without a sports team tenant.
The financing of Kansas City's Sprint Center largely relies on car rental and hotel taxes.
Much of the car rental tax revenue is generated at Kansas City International Airport, which, unlike Sacramento's major airport, is located within its namesake's the city limits.
In addition, Sprint Center officials have said their facility regularly draws visitors from up to 250 miles away. Sacramento is located 125 miles away from HP Pavilion in San Jose, which was recently ranked as the nation's busiest arena.
"What (AEG) did in Kansas City was an anomaly in many respects," Johnson said.
Meanwhile, the City Council was expected to formally receive an already-released staff report outlining the expenses of the arena plan.
The report said the city spent $686,000 on various consultants, studies and arena-related travel.
PDF: Read City's Arena-Related Travel Expenses
"We still learned a lot," said Johnson, who added that the arena studies would also apply to an intermodal transportation facility planned for the same location.
"So all that work will pay off and will help us have a leg up when it comes to whatever we put on that particular project," said Johnson.

http://www.kcra.com/news/31029829/detail.html

I still have confidence in KJ that something positive will get done. If Lieweke is still potentially on board and believe in the Sac market, and given the Maloof portion was on 73M of 391M total, I'll remain hopeful that the Maloofs bailing on their portion might not be enough to completely derail the arena.

so....it begins

 

[ParniValjak]

Now we just need a bit of pressure coming from the NBA on the Maloofs it dawns on them and they realize that the only way out for them is to sell. I am just hopeful (maybe foolishly on my part) that NBA is chugging away in the background at getting these con artists removed as the owners of the NBA team.

Time will tell I guess but the problem is we don't have much time.

 

[kennadog]

I think it's not out of the realm of possibility fr the city to still find a way to build an ESC in the railyards. And I still believe in the positive things an ESC could bring to the railyard and downtown. It doesn't hurt to have AEG believe in Sacramento.

 

[upinsmoke]

Now we just need a bit of pressure coming from the NBA on the Maloofs it dawns on them and they realize that the only way out for them is to sell. I am just hopeful (maybe foolishly on my part) that NBA is chugging away in the background at getting these con artists removed as the owners of the NBA team.

Time will tell I guess but the problem is we don't have much time.

Keep the faith my friend, i'll tell you one thing I would not want to be the one to have insulted and wasted Stern's time all while owing the league money that I can't afford to payback.

 

[Glenn]

Keep the faith my friend, i'll tell you one thing I would not want to be the one to have insulted and wasted Stern's time all while owing the league money that I can't afford to payback.

I don't know how the Maloofs' minds work but it must be very uncomfortable owning a team where the fans are unhappy, the NBA is unhappy, and, I assume, the minority partners are unhappy. It's not a situation that will end in success. I personally would be looking for a buyer or at least chatting with the one we know exists. It only makes sense.

 

[Jose]

They think they've done nothing wrong and are being unfairly treated.

 

[Circa_1985_Fan]

They think they've done nothing wrong and are being unfairly treated.

Pffft...they can kiss our *** for thinking that, too! That's just assinine. Smh

 

[Spike]

They think they've done nothing wrong and are being unfairly treated.

They also believe in the magic of a Power Balance bracelet.

 

[Circa_1985_Fan]

They also believe in the magic of a Power Balance bracelet.

So...I wonder how much longer we'll be subjected to having that damn name on that arena? Weren't they going bankrupt and not paying the brothers Maloof??

 

[VF21]

So...I wonder how much longer we'll be subjected to having that damn name on that arena? Weren't they going bankrupt and not paying the brothers Maloof??

They did go bankrupt; they didn't pay the Maloofs. The Maloofs probably can't pay to get the name removed and, since the thought of another company actually wanting its name associated with all this crap right now is probably delusional at best, we might just have to wait until all the letters fall off from neglect.

 

[Prophetess]

They did go bankrupt; they didn't pay the Maloofs. The Maloofs probably can't pay to get the name removed and, since the thought of another company actually wanting its name associated with all this crap right now is probably delusional at best, we might just have to wait until all the letters fall off from neglect.

I can see it now: owe balance lion

 

[nebs]

That stupid "PB" logo and Power Balance on the Arena looks so lame. I drive by every morning before the sun is up and it's lit up and I just think to myself.. why? Why light that crap up all night.

 

[kingjatt]

The signs on the freeway still say Arco Arena next exit

 

[Section 101]

They did go bankrupt; they didn't pay the Maloofs. The Maloofs probably can't pay to get the name removed and, since the thought of another company actually wanting its name associated with all this crap right now is probably delusional at best, we might just have to wait until all the letters fall off from neglect.

Actually it's a lot more complicated. You have to look at the online presence too. They have to have an arena name to move to otherwise people can't go online to look at stuff. I was curious about the Powerbalancepavilion.com and found this info.

Registrant:
Anthony Bartolino
1 Sports Parkway
Sacramento, CA 95834
United States

Registered through: GoDaddy.com, LLC (http://www.godaddy.com)
Domain Name: POWERBALANCEPAVILION.COM
Created on: 26-Oct-10
Expires on: 26-Oct-13
Last Updated on: 26-Sep-11

Administrative Contact:
Bartolino, Anthony bartolino@kings.com
1 Sports Parkway
Sacramento, CA 95834
United States
+1.916928000

Technical Contact:
Bartolino, Anthony bartolino@kings.com
1 Sports Parkway
Sacramento, CA 95834
United States
+1.916928000

Domain servers in listed order:
DNS1.STABLETRANSIT.COM
DNS2.STABLETRANSIT.COM


Registry Status: clientDeleteProhibited
Registry Status: clientRenewProhibited
Registry Status: clientTransferProhibited
Registry Status: clientUpdateProhibited

So it looks like the name is actually registered to MSE. On another interesting note, the website is hosted by a company at address reke13.com which is registered to some guy in India on feb 16,2010.

 

[VF21]

I can see it now: owe balance lion

Heheheh.

Now, there's a TDOS topic. What will the sign say when the letters start falling off?

 

[VF21]

Actually it's a lot more complicated. You have to look at the online presence too. They have to have an arena name to move to otherwise people can't go online to look at stuff. I was curious about the Powerbalancepavilion.com and found this info.



So it looks like the name is actually registered to MSE. On another interesting note, the website is hosted by a company at address reke13.com which is registered to some guy in India on feb 16,2010.

Check the contact phone number. It's one digit short.

 

[kennadog]

Check the contact phone number. It's one digit short.

Perfect, since I think the Maloof siblings are at least one full brain short among them.

 

[Larry David]

The signs on the freeway still say Arco Arena next exit

The Maloofs can't afford to change the name. The state can't afford to change the sign or keep up with all of the Maloofs upcoming changes.

 

[bajaden]

They did go bankrupt; they didn't pay the Maloofs. The Maloofs probably can't pay to get the name removed and, since the thought of another company actually wanting its name associated with all this crap right now is probably delusional at best, we might just have to wait until all the letters fall off from neglect.

How about, " The Maloof Arena ". Sounds inviting, doesn't it? And, that way, they can pay themselves, and believe they've made a profit.......

 

[Kingster]

I don't know how the Maloofs' minds work but it must be very uncomfortable owning a team where the fans are unhappy, the NBA is unhappy, and, I assume, the minority partners are unhappy. It's not a situation that will end in success. I personally would be looking for a buyer or at least chatting with the one we know exists. It only makes sense.

They strike me as very emotional individuals and that's probably why we're seeing the melt-down. They're trapped and the options aren't pretty for them. Personally, I find it very hard to believe that this isn't going to come to some grand climax over the next six months or so. I don't think they deal with this for much longer.

 

[funkykingston]

They strike me as very emotional individuals and that's probably why we're seeing the melt-down. They're trapped and the options aren't pretty for them. Personally, I find it very hard to believe that this isn't going to come to some grand climax over the next six months or so. I don't think they deal with this for much longer.

I think that's an important point.

The Clippers may be the NBA's new up-and-comers and have a core that theoretically can contend for the rest of the decade, but that doesn't change the fact that Sterling has been a godawful owner who alienated fans, employees and players while showing little interest in fielding a contending team and generally being a disgrace to the league. But the difference between the Maloofs and Donald Sterling - Sterling doesn't care what anyone thinks of him. The Maloofs very much do. And I think in part that will lead to some kind of resolution here.

 

[PurpleHaze]

Warriors going back to San Francisco in 2017 with new "privately financed arena." It will be interesting to see what happens with Sacramento arena project this June as KJ unveils next step to get something done. Meanwhile, real possibily of Oakland A's moving to South Bay or even to Sacramento IF a new baseball park can be built - perhaps playing a Raley Field for couple seasons.

http://tracking.si.com/2012/05/21/r...an-francisco-in-2017/?sct=hp_t2_a13&eref=sihp

Amazing how much money there is in Bay Area (especially SF and South Bay) to do almost anything they want, like 49ers new stadium breaking ground, new Warriors arena, etc. Can down in the dumps Sac ever get anywhere or continue just to be about on a par with yucky Fresno, save capital city's two big rivers flowing by to entertain if Kings go elsewhere. Actually, if Kings left, Fresno sports would be far superior to Sac considering an impressive Fresno State Bulldogs athletics program. KJ please save the day for sports and entertainment in Sactown (if you can't ultimately save the Kings) - 'cuz we know you're trying hard to make a miracle happen!

 

[Circa_1985_Fan]

The signs on the freeway still say Arco Arena next exit

Brings back warm memories.

 

[KingsFanSince85]

The only thing holding Sacramento back from being a top 10 market is the never ending political red tape and the lack of major corporate sponsorship. We are the capital of the 8th or 9th largest economy in the world, have great year-around weather, located between two major rivers and are relatively close to the mountains and ocean. Anything you could possibly want to do is nearby, if not located within the area itself.

If we had a few fortune 500's around, combined with no political BS, this place could be unbelievable.

Sucks to be us.

 

[PurpleHaze]

The only thing holding Sacramento back from being a top 10 market is the never ending political red tape and the lack of major corporate sponsorship. We are the capital of the 8th or 9th largest economy in the world, have great year-around weather, located between two major rivers and are relatively close to the mountains and ocean. Anything you could possibly want to do is nearby, if not located within the area itself.

If we had a few fortune 500's around, combined with no political BS, this place could be unbelievable.

Sucks to be us.

Very well said. Hopefully, Mayor KJ besides making something happen with new arena or even new stadium will pave the way for much more dynamic economic activity in this sleepy, bordering on comatose town. His strong mayor push is a start and needs to get implemented along with throwing out of office permanently all the obstructionist, anti-business, corrupt, career politician, old boys/old gals network that are so entrenched around here, holding back the city and county of Sac for decades. Of course, idiotic, anti-Sacramento Maloofs need to go too - just sell to Burkle, Pangilinan, etc.

 

[hrdboild]

The only thing holding Sacramento back from being a top 10 market is the never ending political red tape and the lack of major corporate sponsorship. We are the capital of the 8th or 9th largest economy in the world, have great year-around weather, located between two major rivers and are relatively close to the mountains and ocean. Anything you could possibly want to do is nearby, if not located within the area itself.

If we had a few fortune 500's around, combined with no political BS, this place could be unbelievable.

Sucks to be us.

Having lived in Sacramento for about 12 years and now LA for 11 years, I think Sacramento is a great place to live with some infrastructure problems typical of a lot of developing mid-sized cities. I think the "Think Big" regional philosophy is important for an area that's been fragmented into a lot of disparate parts over the years, and I would hope that mission continues past just the arena development plan. Whether Sacramento continues to grow and becomes a major world city really just depends on how many investors feel like it's worth the effort to commit to major developments there. The arena project would be a big first step, and far more than just keeping the Kings, the city of Sacramento really does need to create an entertainment center near downtown to bring revenue back into the city.

There's a ton of potential in that region -- and I'm certain lots of investors will come if a few get the ball rolling. I wish I had the resources to invest in a business there right now because land is available and relatively inexpensive and it'd be a shame if it all gets converted into generic housing complexes and strip malls. Not to mention, it really is a great place to live if someone can figure out a solution to the traffic congestion problems. (same thing times 10 for LA )