Voisin: Arena financing talks revived

VF21

Super Moderator Emeritus
SME
#31
First, we don't even know if Arena Skeptic is a fan at all.

Next, have you ever been to Sleeptrain? Have you ever had plans to attend a concert with a weather report of scattered showers on the horizon?

If the Kings weren't here, there wouldn't be an Arco Arena to begin with. The largest facilities would be the Convention Center and Memorial Auditorium. If the Kings weren't here, there wouldn't be a Kingsfans.com AND there wouldn't be a SaveOurKings.

We founded SaveOurKings because we want to keep our favorite team here AND we want to ensure a proper entertainment venue for the area. It's not just about the Kings. People who aren't sports fans can still appreciate the need for a modern facility for concerts, tournaments, etc.

I'm simply not going to argue with you any further because I don't like to argue the same point over and over and over. You and I are diametrically opposed and that's fine. But it's you who are continuing to attempt to argue the basic premise of this forum ... and that's trying to board a ship that's already sailed.

Have a nice evening.
 
#32
First, we don't even know if Arena Skeptic is a fan at all.
If arena skeptic is cogent and has good points, I don't care if he's an (ugh!) lakers fan. You use the point that you "don't know if they're a fan" to simply put down any valid points they might have, without even actually responding to them.

Next, have you ever been to Sleeptrain? Have you ever had plans to attend a concert with a weather report of scattered showers on the horizon?
Yes, and also similar venues like Irvine Meadows down in SoCal. Liked both. A lot. Have even seen some concerts in light rain and it was fine. Planning planning planning. And not a big deal since most of the big concerts in those sort of venues tend to be booked for the dryer summer months.

I've also been to concerts in expensive sports arenas with horrible sight lines and lousy acoustics.

So... your point?

If the Kings weren't here, there wouldn't be an Arco Arena to begin with.
And.... I'm not sure that's the end of the world. Sac survived without Arco in the past and I'm sure it would survive again if that was the case.

The largest facilities would be the Convention Center and Memorial Auditorium. If the Kings weren't here, there wouldn't be a Kingsfans.com
Oh, I'm guessing any successful NBA franchise could have a forum. It's not just because the Kings are here.

AND there wouldn't be a SaveOurKings.
I'm still not sure there's any real need for that so....

We founded SaveOurKings because we want to keep our favorite team here AND we want to ensure a proper entertainment venue for the area.
If the Kings weren't in the equation, the site wouldn't exist as you say yourself. The need for entertainment wouldn't be enough for folks to set up sites like that.

It's not just about the Kings. People who aren't sports fans can still appreciate the need for a modern facility for concerts, tournaments, etc.
It's primarily about keeping the Kings here. And while that's understandably of paramount importance to and emotionally invested fan, polls clearly show that a majority of the public probably doesn't share that view.

But it's you who are continuing to attempt to argue the basic premise of this forum ... and that's trying to board a ship that's already sailed.
Well, you and other proponents bang on and on ad-infintium about the same points, so why is it any worse when those who disagree with those points respond in kind?

That "ship" has only sailed if one disagrees with the herd mentality it seems.

If I had a dramatic change of heart, drank the kool-aid and was willing to bang on about those "idiots at the bee" or "those who just don't get it", I'm thinking you would have no issue at all with me continuing to express those thoughts.
 
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VF21

Super Moderator Emeritus
SME
#33
I've tried to be nice. You are not the only logical person in a sea of illogical mindless sports fans.

The "drink the kool-aid" comment is old and tired and more than a little insulting. And so is this discussion. If you respond, please understand that I am not going to respond further. If you feel you must have the final word, this is your chance.
 
#34
(and it amuses me that thousands commute to San Fran every day, but it's somehow an insane thing to have to drive there for a large event).
No, I actually think commuting there everyday is far more insane than driving there for an event, not to mention a very environmentally destructive to do and a result of bad planning and poor investment in mass transit.

Since this is a forums for Kingsfans, I'd like to see an acknowledgment that wanting an arena is primarily about keeping the Kings around. Throwing in "It's not just about the Kings" and blathering on about ice capades and circuses as if they're even remotely as important just doesn't cut it.

I doubt many of the proponents here would be fighting nearly as hard if it wasn't keeping the Kings here wasn't involved.
An acknowledgement from who? I'd be lying if I claimed that was my primary motivation. As I've said repeatedly, I want a new venue of this type regardless.

Of course Sacramento could "survive" without a new sports/enterainment venue. We could also survive without the Crocker Art Museum, the ballet, the philarmonic, the opera, the Music Circus and the many other quality live theaters in town, nice restaurants, art galleries, the Sacramento Zoo, the convention/community center, Old Town Sacramento, the Jazz Festival, music clubs, Sleep Train Amphitheater, the Rivercats, Memorial Auditorium, libraries, parks, senior centers (shall I go on?).

I could "survive" just fine in Needles, CA or Coalville, UT or Camas, ID, too. Why bother living in Sacramento? Its so full of stuff I don't need to "survive." I could list a ton more things I could "survive" without. All I "need" is food, water, shelter, clothing and a means to get them.
 
#35
People keep complaining about the Maloofs "not paying a fair share" but look at it this way. THEY'RE PAYING MILLIONS. You're paying A SMALL FRACTION OF THAT.
 
#36
People keep complaining about the Maloofs "not paying a fair share" but look at it this way. THEY'RE PAYING MILLIONS. You're paying A SMALL FRACTION OF THAT.
And, if we still want such a venue, we'll have thrown away those millions in private investment and have to do 100% of the financing. Makes sense to me.:rolleyes:
 
#37
Just my 2 cents on above discussions:

As a Kigns Fan, I of course want a new arena. And I support the premise behind this forum, of course, as a means to stimulate discussion on what we can do to make a deal happen and effectively "save our Kings."

Now, personally, I like to hear what the other side has to say. Because these are the people we need to convince by November--if these recent talks succeed and there is a ballot measure. Now, some of these arguments are tiresome and rather stubborn, but I'd rather be exposed to them at the very least, and not have the "Save our Kings" forum consist of:

Poster A: We should get a new arena
Poster B: Yeah, Save our Kings!
Poster A: Cool

Obviously an exaggeration, and I'm not going to pretend that the opposing viewpoints are representative of everyone who's unsure of funding a new arena. I just have enjoyed the open minded discourse that I've seen here--when I've seen it here--and hope it continues. I think in the end, we all want the Kings to remain here, and once the realization sets in that a new arena is a means to that end, things will work out.
 
#38
No, I actually think commuting there everyday is far more insane than driving there for an event, not to mention a very environmentally destructive to do and a result of bad planning and poor investment in mass transit.

An acknowledgement from who? I'd be lying if I claimed that was my primary motivation. As I've said repeatedly, I want a new venue of this type regardless.

Of course Sacramento could "survive" without a new sports/enterainment venue. We could also survive without the Crocker Art Museum, the ballet, the philarmonic, the opera, the Music Circus and the many other quality live theaters in town, nice restaurants, art galleries, the Sacramento Zoo, the convention/community center, Old Town Sacramento, the Jazz Festival, music clubs, Sleep Train Amphitheater, the Rivercats, Memorial Auditorium, libraries, parks, senior centers (shall I go on?).

I could "survive" just fine in Needles, CA or Coalville, UT or Camas, ID, too. Why bother living in Sacramento? Its so full of stuff I don't need to "survive." I could list a ton more things I could "survive" without. All I "need" is food, water, shelter, clothing and a means to get them.
Great post.
 

VF21

Super Moderator Emeritus
SME
#39
Just my 2 cents on above discussions:

As a Kigns Fan, I of course want a new arena. And I support the premise behind this forum, of course, as a means to stimulate discussion on what we can do to make a deal happen and effectively "save our Kings."

Now, personally, I like to hear what the other side has to say. Because these are the people we need to convince by November--if these recent talks succeed and there is a ballot measure. Now, some of these arguments are tiresome and rather stubborn, but I'd rather be exposed to them at the very least, and not have the "Save our Kings" forum consist of:

Poster A: We should get a new arena
Poster B: Yeah, Save our Kings!
Poster A: Cool

Obviously an exaggeration, and I'm not going to pretend that the opposing viewpoints are representative of everyone who's unsure of funding a new arena. I just have enjoyed the open minded discourse that I've seen here--when I've seen it here--and hope it continues. I think in the end, we all want the Kings to remain here, and once the realization sets in that a new arena is a means to that end, things will work out.
I have no problem with discourse and discussion, LPKingsfan. What I object to is the idea that the nay-sayers are somehow the only seers of the truth and all of us are delusional because we're Kings fans and quite incapable of speaking rationally about the need for a state-of-the-art facility for the various of events that could be held there.

If someone wants to discuss things, fine. Being treated to "drink the kool-aid" stuff consistently, however, gets tiresome. There are valid points that can be made, but they can be made without the implied insult that Kings fans are somehow less knowledgeable about the area or are somehow blinded to the truth.

You're assuming - and it's probably a nice assumption - that those who are in opposition are here with open minds, and might come around to the other way of thinking. I hope you're right, but I'm not convinced.
 
#40
From Wert: And.... I'm not sure that's the end of the world. Sac survived without Arco in the past and I'm sure it would survive again if that was the case.


I get really tired of comments like this. Of course Sacramento would survive. But survival really isn't the issue is it? It is about moving the city forward...making it an even more enjoyable city to live in than it already is. Honestly, does Wert and/or Arenaskeptic have any ideas on how to make the city more enjoyable........chirp, chirp..(the sound of crickets).
 
#41
From Wert: And.... I'm not sure that's the end of the world. Sac survived without Arco in the past and I'm sure it would survive again if that was the case.


I get really tired of comments like this. Of course Sacramento would survive. But survival really isn't the issue is it? It is about moving the city forward...making it an even more enjoyable city to live in than it already is. Honestly, does Wert and/or Arenaskeptic have any ideas on how to make the city more enjoyable........chirp, chirp..(the sound of crickets).
More karaoke bars!!! Who's with me? Anyone?

...chirp, chirp...

;)
 
#43
If you heard me sing, you'd want to ban them.;)

EDIT: Ooh, I know. when Arco's gone we'd have that huge parking lot. Demolition Derby anyone!
:( that will be a sad sad sad day, that i hope never comes. If they can agree to put something on the ballot in November, i hope the Maloofs and the city market this right.
 
#44
People keep complaining about the Maloofs "not paying a fair share" but look at it this way. THEY'RE PAYING MILLIONS. You're paying A SMALL FRACTION OF THAT.
DING DING DING DING!!!! THIS wins this thread!!:) Someone want to make a HUUUUUUGE poster of this quote and put it up on the front door of City Hall!!
 
#45
From Wert: And.... I'm not sure that's the end of the world. Sac survived without Arco in the past and I'm sure it would survive again if that was the case.


I get really tired of comments like this. Of course Sacramento would survive. But survival really isn't the issue is it? It is about moving the city forward...making it an even more enjoyable city to live in than it already is. Honestly, does Wert and/or Arenaskeptic have any ideas on how to make the city more enjoyable........chirp, chirp..(the sound of crickets).
Yeah...I couldnt agree more...to say that Sac 'survived' without Arco before...well...I hope you like being sent back into the 70's as far as anything 'major league' is concerned, as far as Sacramento sports...hey...how about...hey...after the Kings leave we have another 'March on Baseball' to try to get the A's.:D We need 'forward inertia' to maintain from here on out, and for this thing to just GET DONE!!! Somehow, someway...in the 11th hour...
 
#47
Please do not bring up the rain and Sleeptrain - It brings back very bad memories of DMB, lightning, beverages and a metal rail in which I was holding on to while purging my dinner :D

There are so many factors at play here I am just going to wait and see what happens as far as an official plan/proposal before I get back into the debate.
 
#48
In the Voisin article I saw Monarchs were not mentioned in reference to the new arena. I appreciate that Maloofs always say the arena is for the Kings and the Monarchs.
 
#50
^^ I was thinking something similar today Shattered but not that one is already in the works, more on why another county wasn't working on something.

I would think Yolo/Placer/El Dorado would be trying something. A West Sac river arena would be nice :) I imagine if this current round falls through an outside county will be the only chance at keeping them here.
 
#51
well...I hope you like being sent back into the 70's as far as anything 'major league' is concerned, as far as Sacramento sports..
I wouldn't care at all.

Though I did get get a chuckle at the thought of "being sent back to the 70's". Very dramatic!

Does that mean everyone will be forced to have shaggy hair and wear bell bottoms? ;)

I was a Kings fan for years before I moved to Sacramento and I'll continue to have the same sort of enthusiasm for them whether they remain local or not.

I realize some folks can't seem to be fans unless a team is local, but I'm not one of them. And since there are thousands of Kings fans who don't live in Sacramento (or even california for that matter), I'm guessing I'm not alone in this.
 
#52
Wert it's not that people don't want to stop being kings fans if they move it's that THEY WANT TO KEEP THE KINGS IN SACRAMENTO. Honestly if the city gets a new arena then there is definitely a lot of POTENTIAL for things that would be good for the city. If you can't see that then it sucks for you. I probably won't STOP being a kings fan but I love being able to go to a couple games a year. I love being able to have a kind of local team(don't actually live in Sacramento). People are fretting because they might have to spend a couple extra bucks a year in taxes, but if the new arena goes through then the Maloofs will be spending MILLIONS AND MILLIONS OF DOLLARS. I'm sorry but your 10-20 bucks a year is CHUMP CHANGE compared to that much money NO MATTER WHOSE IT IS.
 
#53
Wert it's not that people don't want to stop being kings fans if they move it's that THEY WANT TO KEEP THE KINGS IN SACRAMENTO.
Sure and if they don't, my point is that it's not the end of the world if the city doesn't have an NBA franchise.

I will say that yelling at me in ALL CAPS doesn't make your point in any stronger. Quite the opposite in fact.

Honestly if the city gets a new arena then there is definitely a lot of POTENTIAL for things that would be good for the city. If you can't see that then it sucks for you.
I can see that, but I can also look at boondoggles like the convention center and see that a new arena could end up in a very similar situation. (ie not enough hotel rooms/infrastructure for larger events). You are quite right to use the word "potential", because there are no guarantees here at all, no matter what the more rabid propenents might have one believe. Folks say, "well gee, it worked in these other cities!". But the demographics of those cities, the competition they have for events, doesn't always give a good correlation. Just because Sacramentan's are able to support the Kings very well (and their astronomically rising ticket prices) is in no way a predictor that they'll support other events equally. Our per capita income isn't great and frankly there's are only so much a small market can support no matter how spectacular the venue/complex.

I guess it sucks to be a lot of people in Sacramento as multiple polls show a majority of locals obviously don't see the benefit of a hugely expensive new sports arena as clearly as the more rabid Kings fans obviously do. If I were the city planners, I'd be very concerned at poll numbers showing the amount that taxpayers think the city should pay. It's going to make any ballot issue a really tough sell.

Folks here seem to have their "fan glasses" on to the point that they take a preconceived notion (i.e. Sacramento needs a new arena desperately no matter what the cost!) and fit their arguments to support that by selectively parsing the available data. Of course others might look at the same data and have legitimate concerns. Those who are fans of the Kings, but not necessarily fans of the financing schemes for a new arena are not necessarily ignorant nor does it "suck to be them."

I probably won't STOP being a kings fan but I love being able to go to a couple games a year.
Yeah, I enjoy Kings games too, but find myself increasingly priced out of them. And I can only chuckle at those who think that a new arena is somehow going to mean lower ticket prices. I find it unconvincing that the Maloofs are going to spend millions and millions as part of their "fair share", yet give us lower ticket prices out of the kindness of their hearts or just because they have a new facility.

Though I really enjoy the Kings games (in those rare times these days when I can actually afford them), losing that isn't going to change my life a bit. There are other things to do in Sacramento and the surrounding areas. And with our proximity to San fran, Tahoe, Reno, etc., I doubt I'll be hurting for entertainment choices. Unlike some folks here (who I think are grasping a bit), I don't think driving to those places (as thousands of Sac Commuters do daily) is a huge deal at all. Most of these locales are easily with "daytrip" distance and I avail myself of that option all the time with no complaint about the drive. (like 1-2 hours on the road is going to kill me or something!)

goes through then the Maloofs will be spending MILLIONS AND MILLIONS OF DOLLARS.
As those who will be amongst the primary financial beneficiaries of such a deal, I don't think it's crazy to ask them to pay their "fair share". Which is going to be millions, but so what? They had no such reservations about spending on the Palms. (and yeah, some will bleat "But that's totally separate!", forgetting that in the end it's all Maloof family money and how they choose to spend it as a family decision). And let's hope that the city doesn't roll over and make sure that said "fair share" doesn't include sweetheart deals for Maloofs in terms of excusing previous loans, getting a disproportionate cut of non Kings/monarchs revenue, control of parking, arena naming rights, etc.

And yeah, I know that NBA franchises aren't the most profitable of ventures, normally only showing a major profit upon sale, but the Maloofs use the visibility of the Kings in a synergistic way to promote more profitable ventures such as their Vegas Casino. Much in the same way they link the Palms brand to televised poker tourneys, reality tv shows, etc.

I tend to think that the Kings would need to take a large enough share of any profits of a new arena that taxpayers and city might blanch. So when I say above that they'll likely be some of the primary financial beneficiaries of a new arena, I'm not saying that to slam them, it's just a fact of any deal that's likely to be cut. I don't blame the Maloofs for wanting to maximize profits/reduce their risk/etc. but I'm honestly not sure if that can be done effectively while keeping the will of the taxpaying masses in mind.

I'm a bit bummed that it looks like negotiations aren't going great in Vegas as I'd truly love to see a proposal fit for the ballot so that the voters can decide. Heck, even the Maloofs are content to let it come to a vote, so I'll say that I'm with them on that. 100%.
 
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#54
I was a Kings fan for years before I moved to Sacramento and I'll continue to have the same sort of enthusiasm for them whether they remain local or not.
Yeah, I can tell that you are a big fan given that $30-40 extra per year is just too much for you to want to keep them local.:rolleyes:
 
#55
They had no such reservations about spending on the Palms. (and yeah, some will bleat "But that's totally separate!", forgetting that in the end it's all Maloof family money and how they choose to spend it as a family decision).
Does this win the award for the most misinformed, illogical statement in this thread? Let's just put it another way – “hey the Maloofs are rich and have a really successful casino - so why don't we just expect them to give us a gigantic gift and commit financial hari-kari here in Sacramento.”
 
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#56
Though I really enjoy the Kings games (in those rare times these days when I can actually afford them), losing that isn't going to change my life a bit. There are other things to do in Sacramento and the surrounding areas. And with our proximity to San fran, Tahoe, Reno, etc., I doubt I'll be hurting for entertainment choices. Unlike some folks here (who I think are grasping a bit), I don't think driving to those places (as thousands of Sac Commuters do daily) is a huge deal at all. Most of these locales are easily with "daytrip" distance and I avail myself of that option all the time with no complaint about the drive. (like 1-2 hours on the road is going to kill me or something!)

Heck, even the Maloofs are content to let it come to a vote, so I'll say that I'm with them on that. 100%.
I realize that people commute. I question if "thousands" really commute from Sac to Tahoe, Reno, and SF daily, but I'll trust you on that. However, just because thousands of people do it doesn't mean it's convenient or realistic for many of us. THOUSANDS of people have Kings season tickets in the lower level, but that doesn't mean everyone can afford them, right?

To be honest with you, I do think driving to San Fran, Tahoe, or Reno for entertainment is inconvenient, not to mention expensive. I have two young kids. For me to go to events in those locations I am paying 4-6 extra hours of babysitting just to spend hours on the road. Then getting home at 3:00 in the morning after the concert and getting woken up by my kids the next morning isn't very fun. Add in the gas prices, and it's just not something I do very often.

Frankly, I'm surprised that you are able to make frequent day trips to these locales for events but claim you are rarely able to afford Kings tickets, because going to an event is rarely cheaper than the more affordable Kings tickets.

Anyway, we do agree on one thing. Let's get it on the ballot. Educate the public, and let them decide.
 
#57
As those who will be amongst the primary financial beneficiaries of such a deal, I don't think it's crazy to ask them to pay their "fair share". Which is going to be millions, but so what? They had no such reservations about spending on the Palms. (and yeah, some will bleat "But that's totally separate!", forgetting that in the end it's all Maloof family money and how they choose to spend it as a family decision). And let's hope that the city doesn't roll over and make sure that said "fair share" doesn't include sweetheart deals for Maloofs in terms of excusing previous loans, getting a disproportionate cut of non Kings/monarchs revenue, control of parking, arena naming rights, etc.

I find this avenue of argument to specious, at best. No one is disputing that the Maloofs should pay 'their fair share' (although the notion that they should pay for the whole thing is ludicrous, since the Kings only occupy the facility for 1/3 of the year)
Of course they had no reservations about spending money on the Palms. Hello, the Palms is how they MAKE money to spend on the Kings, who are a break even or lose money proposition unless they go deep into the play offs.

I understand that you are not a native Sacramentan and that you may not care one whit about the regions development or identity. That you don't care about Ice Capades or concerts or attending Kings games. This really isn't an argument over if someone would continue to be a Kings fan even if they moved (how very fortuitous that you just happened to move to Sacramento after already being a Kings fan) most probably would (I know I would) since the real point is, right now, they are OUR team. They belong to OUR city. They are the SACRAMENTO Kings, and some of us would like to keep it that way.
 
#58
Sure and if they don't, my point is that it's not the end of the world if the city doesn't have an NBA franchise.
It's not the end of the world, but there will indeed be a financial backlash over time that will have a negative effect on the Sacramento economy and its residents. The success of the Kings has been a primary component in recasting our community in a different light in the last 10 years or so. Although not solely responsible for it, the Kings have contributed to the growing economy of the region which translates into better pay for residents and a higher quality of life for us, whether or not we are "fans".

Just because Sacramentan's are able to support the Kings very well (and their astronomically rising ticket prices) is in no way a predictor that they'll support other events equally. Our per capita income isn't great and frankly there's are only so much a small market can support no matter how spectacular the venue/complex.
First off, the Kings' ticket prices have indeed escalated in the wake of their rousing success in the last decade or so. Simple supply: demand economics. However, for the coming season, ALL ticket prices have been fixed at 05-06 season rates. Obviously, I do not expect a new trend of level to falling ticket prices, but for the next year they have leveled.

The per capita income in the Sacramento MSA has grown tremendously in the last 10 years and is probably higher than in most other locales that have approved new arenas.

I guess it sucks to be a lot of people in Sacramento as multiple polls show a majority of locals obviously don't see the benefit of a hugely expensive new sports arena as clearly as the more rabid Kings fans obviously do. If I were the city planners, I'd be very concerned at poll numbers showing the amount that taxpayers think the city should pay. It's going to make any ballot issue a really tough sell.
The results of the polls are quite believable. The public education efforts about why a new arena is TRULY NECESSARY (NOT a nicety) have been woefully almost non-existent. We've been fed drips and drabs, enough to make the average citizen more than suspicious. As a result, people like you don't believe it's needed. TOTALLY understandable. I am hopeful that once we get a ballot measure, a Herculean effort to address public ignorance will be launched by both the governments and the Maloofs to clear up the misconception that this is all about what the Maloofs want with very little in it for the City and County. Right now, the ballot issue is indeed a tough to impossible sell, but there's still time to educate the people as to exactly the reasons why this needs to be done and right the public's image of the project.

Those who are fans of the Kings, but not necessarily fans of the financing schemes for a new arena are not necessarily ignorant nor does it "suck to be them."
You and others are indeed ignorant, simply because there has not been a lot of effort on public education to date. That has to change for this thing to fly. It doesn't suck to be you, but if I had a choice...

Yeah, I enjoy Kings games too, but find myself increasingly priced out of them. And I can only chuckle at those who think that a new arena is somehow going to mean lower ticket prices.
Perhaps you PREVIOUSLY have been priced out of attending Kings' games, but if you have no second thoughts about spending gas money to go to a venue 2 hours or more away than Arco, I would say that you could trade off the extra cost of gas to attend events in a new arena. Are escalating gasoline prices not pricing you out of the road trip "markets"?

As those who will be amongst the primary financial beneficiaries of such a deal, I don't think it's crazy to ask them to pay their "fair share". Which is going to be millions, but so what? They had no such reservations about spending on the Palms. (and yeah, some will bleat "But that's totally separate!", forgetting that in the end it's all Maloof family money and how they choose to spend it as a family decision).
The Maloofs have always touted that they will pay their fair share. There will be disagreements on what that % should be, but that's business. The Palms Casino business is indeed a totally separate proposition, regardless of how the Maloofs brand and market to link their unrelated businesses.

Just like what you and I would do with our own personal investments, we will invest more money in things in which we have a higher anticipated rate of return. Fancy that, huh? So being upset that the Maloofs are pouring more money into expanding their casino business than they are willing to pour into their NBA franchise is terribly short-sighted, if not ignorant.

Any conglomerate corporation will attempt to use each business piece to promote the others, it only makes sound business sense, but that hardly has anything to do with the silly notion that equal investments should be made in every business sector of these conglomerates.

And yeah, I know that NBA franchises aren't the most profitable of ventures, normally only showing a major profit upon sale, but the Maloofs use the visibility of the Kings in a synergistic way...
See? You realize this. But the synergistic benefits of co-promoting businesses can't possibly outweigh what should prudently be invested in each business which has its own proven and projected rate of return (or loss) on investment.

I don't blame the Maloofs for wanting to maximize profits/reduce their risk/etc. but I'm honestly not sure if that can be done effectively while keeping the will of the taxpaying masses in mind.
If you don't blame them, then don't criticize them for trying to craft the best deal possible for themselves and make the most money for their corporate enterprise. Like everything in life, this is a NEGOTIATION. And when a ton of dough is at stake, the negotiation takes a long time, and it may come to harsh words and threats (eg, picking up and leaving) before being beneficially resolved. Perhaps, as you ponder, this might not get done. But if the City/County reaches some financial impasse, they better have some good projections in hand about the local impacts of losing their only professional sports franchise.
 
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VF21

Super Moderator Emeritus
SME
#59


Thank you, Steve!

You have done a fantastic job in addressing this issue. While I doubt if your words will get through to everyone, you've made some points even Stevie Wonder could see.
 
#60
I think a lot of this really boils down to the average citizen fan's being frustrated with the higher ticket prices over the years and being priced out of that entertainment choice. And regardless of whether or not they can see that the Kings have not been some consistent money-maker, it still gripes folks' cookies that millionaire playboy corporate conglomerate owners stand to benefit, when the citizen fan struggles to save her/his pennies to go to a few Kings' games.

I'm not THRILLED about it either, but I understand what business is about.

Even though an argument can and will continue to be made that the Maloofs "owe" something more to the community, and perhaps sacrifice more with their investments because a pro team is a "special" business case within a community, that is taking advantage of their finanical position (which they obviously worked their asses off to build over the decades). They have given a lot already, perhaps not EVERYTHING by the definition of some, but they have made this franchise a success, a model, and a solid benefit to the community.

Just because they have more money than you and me does not mean they have to give more of it (proportionally) to do what we would like.

Let's just hope that the ballot thing-y can get done in the next few days and that we finally see a united front of politicians and Maloofs behind this thing with a solid public education effort on the myriad of necessities and ultimate benefits, many NOT related to the Kings, of building a new arena.