Glenn,
Thanks for your email. Without divulging any confidential information, I can tell you that there have been repeated attempts on behalf of the City and others who care about Sacramento to try to keep the Kings. In particular, Mayor Kevin Johnson, a former NBA all-star point guard, who is a complete basketball junkie and utterly devoted to keeping Sacramento’s NBA team, has talked in recent weeks and months with the Maloofs to figure out what it would take to keep the Kings here for even one more year. The hope is that if they stay one more season, we’d have time for the Icon-Taylor team to develop a solid arena plan for Sacramento. After all, they are THE experts when it comes to financing and building civic projects such as arenas and stadiums. But the Maloofs made it clear there is absolutely NOTHING that we can do right now.
Not even the magical moment that I shared with 17,000 other Sacramentans who sold out the Kings game on February 28th and showed the Maloofs what a real home town advantage can be has swayed them. If they can complete their negotiations with Anaheim in time for next season, they are gone. Period! They are not willing to discuss any of the terms with us, and they have ZERO interest in hearing counteroffers from Sacramento unless and until the Anaheim negotiations fall through.
Their reasons for moving have little to do with the arena, though obviously if we had built a new arena, they’d have been contractually bound to stay and would not be able to even consider offers to move to another city. But they aren’t legally bound to stay at Arco Arena/Power Balance Pavilion, and they have no intention of staying unless the Anaheim deal falls through. The attraction for Anaheim is a $100 million loan and a chance at a larger TV market that’s ten times the size of Sacramento’s market. So right now, the issue is money and TV markets, which the City of Sacramento can do nothing about.
So where does Sacramento stand now? I agree with our Mayor and others who say that the goal here is bigger than basketball. With or without the Kings, we will build a new entertainment and sports complex. On Tuesday, February 8, 2011, the City Council unanimously agreed to select the ICON-Taylor development team to take the next three months to analyze and develop a finance plan for a new sports and entertainment complex. This team plans to move forward even if the Maloofs move the team to Southern California.
ICON is a Denver based company that has built several arenas and sports facilities throughout the world. David Taylor, a local developer has been the driver of much redevelopment in Downtown Sacramento, including the U.S. Bank Tower on Capitol Mall, new City Hall, Esquire Plaza and the Sheraton Grand Sacramento. The team also includes New York based Turner Construction, Populous, a Kansas City, Missouri sports architecture firm and Dan Meis, who designed the Staples Center in L.A.
I would also like to see Sacramento’s sports scene more diversified with a professional soccer team and a major upgrade to Sac State’s facilities and teams. We should not be a one-horse town. I’ll keep you posted on these developments, but as always, I welcome your ideas as well.
STEVE COHN
Thanks for your email. Without divulging any confidential information, I can tell you that there have been repeated attempts on behalf of the City and others who care about Sacramento to try to keep the Kings. In particular, Mayor Kevin Johnson, a former NBA all-star point guard, who is a complete basketball junkie and utterly devoted to keeping Sacramento’s NBA team, has talked in recent weeks and months with the Maloofs to figure out what it would take to keep the Kings here for even one more year. The hope is that if they stay one more season, we’d have time for the Icon-Taylor team to develop a solid arena plan for Sacramento. After all, they are THE experts when it comes to financing and building civic projects such as arenas and stadiums. But the Maloofs made it clear there is absolutely NOTHING that we can do right now.
Not even the magical moment that I shared with 17,000 other Sacramentans who sold out the Kings game on February 28th and showed the Maloofs what a real home town advantage can be has swayed them. If they can complete their negotiations with Anaheim in time for next season, they are gone. Period! They are not willing to discuss any of the terms with us, and they have ZERO interest in hearing counteroffers from Sacramento unless and until the Anaheim negotiations fall through.
Their reasons for moving have little to do with the arena, though obviously if we had built a new arena, they’d have been contractually bound to stay and would not be able to even consider offers to move to another city. But they aren’t legally bound to stay at Arco Arena/Power Balance Pavilion, and they have no intention of staying unless the Anaheim deal falls through. The attraction for Anaheim is a $100 million loan and a chance at a larger TV market that’s ten times the size of Sacramento’s market. So right now, the issue is money and TV markets, which the City of Sacramento can do nothing about.
So where does Sacramento stand now? I agree with our Mayor and others who say that the goal here is bigger than basketball. With or without the Kings, we will build a new entertainment and sports complex. On Tuesday, February 8, 2011, the City Council unanimously agreed to select the ICON-Taylor development team to take the next three months to analyze and develop a finance plan for a new sports and entertainment complex. This team plans to move forward even if the Maloofs move the team to Southern California.
ICON is a Denver based company that has built several arenas and sports facilities throughout the world. David Taylor, a local developer has been the driver of much redevelopment in Downtown Sacramento, including the U.S. Bank Tower on Capitol Mall, new City Hall, Esquire Plaza and the Sheraton Grand Sacramento. The team also includes New York based Turner Construction, Populous, a Kansas City, Missouri sports architecture firm and Dan Meis, who designed the Staples Center in L.A.
I would also like to see Sacramento’s sports scene more diversified with a professional soccer team and a major upgrade to Sac State’s facilities and teams. We should not be a one-horse town. I’ll keep you posted on these developments, but as always, I welcome your ideas as well.
STEVE COHN