WE WILL BUILD A New Sports & Entertainment Venue
- Thread starter nebs
- Start date
PurpleHaze
All-Star
Hold local politicians accountable in Sac city, Sac county, Placer county, El Dorado county, Yolo county, Yuba county and Sutter county. Lobby State Senator Steinberg and other members of the Senate and Assembly to do whatever they can. The ball is in their corner and it gets done or fails based mostly on what they do with final deadline now firmly established.
mr. moustache
Bench
Yep. Do the same even if you're not a Sac area voter. If you tell them it matters to you that they stay in Sac, it will matter to them.
hoops4kings
Bench
Amen.
nebs
Starter
Yes. This.
Glenn
Hall of Famer
I think they have learned their lesson.
Mike0476
Starter
During his show yesterday, I heard Grant Napear mention something about there will be no public vote.
L
Lafayette
Guest
True, KJ said it'll be just the city council voting and thats that.
Purple Reign
Starter
I put this in a previous thread..... One or more of the following should be used in my view.
A REGIONAL HOTEL AND RENTAL CAR TAX
This is revenue that multiple counties (Sacramento, Yolo, El Dorado, Placer, Yub and Sutter) can participate. Hopefully a Joint Powers Authority can be formed and generate interest from all surrounding counties without a public ballot. I don't thinks this could generate a lot of funds outside of Sacramento County, but it would be a regional approach.
RE-INVESTMENT OF THE LOAN BONDS
This is just my pie in the sky wishing. That the 70 plus millon dollar loan the Maloofs hold with the City can be absolved by finding another investor (Webber, Haight,Van Dusen, Burkle) to pay those bonds off, then turn around and reissue the bonds with the proceeds going towards arena.
TICKET USER FEE
A 5 dollar surcharge for every ticket sold for the next ten years. Example - $5 times 18,000 tickets per event (assuming it sells out) equals 90,000 bucks per event x 200 events per year equals 18 million dollars per year times 10 years equals 180 million dollars. This is another regional approach.
NAMING RIGHTS FEE
This is where we all have been hoping that Comcast can step up and not only renegotiates the team’s TV rights deal, but that the new arena will be Comcast Arena. Competition with Direct TV and AT and T hopefully could drum up interest from Comcast that they could get their name on the outside of the building as well as broadcasting the team. It seems to be a natural fit. The naming rights fee would be owned by the City of Sacramento for them to make a small profit for their troubles as well as help finance the building.
MANAGEMENT AGREEMENT WITH MALOOF SPORTS AND ENTERTAINMENT
This is where negotiations get sticky and tricky. I say that the building owned by the City, would be completely managed by MS and E; which means that they would control 200 plus dates of promotions and advertising. There would be a shared (not 50/50, more 70/30, 80/20 to MS and E) concessions, parking, suites and box seats, in exchanged for rent of the building. Say 4-6 million per year for a 30 year lease with the first 2-3 years of no rent, which would allow the Maloofs to rebuild the basketball team. This type of agreement, would put the Maloofs in a position similar to Henry Samueli, to find a POSSIBLE second major tenant (NHL) for the building as well as other minor tenants (WNBA, Arena Football, Sac State, UC Davis, UOP) and other events (concerts, NCAA Hoops, shows, conventions, etc…). The Maloofs would completely control their revenue destiny while paying rent to the city towards the debt service of the building.
A REGIONAL HOTEL AND RENTAL CAR TAX
This is revenue that multiple counties (Sacramento, Yolo, El Dorado, Placer, Yub and Sutter) can participate. Hopefully a Joint Powers Authority can be formed and generate interest from all surrounding counties without a public ballot. I don't thinks this could generate a lot of funds outside of Sacramento County, but it would be a regional approach.
RE-INVESTMENT OF THE LOAN BONDS
This is just my pie in the sky wishing. That the 70 plus millon dollar loan the Maloofs hold with the City can be absolved by finding another investor (Webber, Haight,Van Dusen, Burkle) to pay those bonds off, then turn around and reissue the bonds with the proceeds going towards arena.
TICKET USER FEE
A 5 dollar surcharge for every ticket sold for the next ten years. Example - $5 times 18,000 tickets per event (assuming it sells out) equals 90,000 bucks per event x 200 events per year equals 18 million dollars per year times 10 years equals 180 million dollars. This is another regional approach.
NAMING RIGHTS FEE
This is where we all have been hoping that Comcast can step up and not only renegotiates the team’s TV rights deal, but that the new arena will be Comcast Arena. Competition with Direct TV and AT and T hopefully could drum up interest from Comcast that they could get their name on the outside of the building as well as broadcasting the team. It seems to be a natural fit. The naming rights fee would be owned by the City of Sacramento for them to make a small profit for their troubles as well as help finance the building.
MANAGEMENT AGREEMENT WITH MALOOF SPORTS AND ENTERTAINMENT
This is where negotiations get sticky and tricky. I say that the building owned by the City, would be completely managed by MS and E; which means that they would control 200 plus dates of promotions and advertising. There would be a shared (not 50/50, more 70/30, 80/20 to MS and E) concessions, parking, suites and box seats, in exchanged for rent of the building. Say 4-6 million per year for a 30 year lease with the first 2-3 years of no rent, which would allow the Maloofs to rebuild the basketball team. This type of agreement, would put the Maloofs in a position similar to Henry Samueli, to find a POSSIBLE second major tenant (NHL) for the building as well as other minor tenants (WNBA, Arena Football, Sac State, UC Davis, UOP) and other events (concerts, NCAA Hoops, shows, conventions, etc…). The Maloofs would completely control their revenue destiny while paying rent to the city towards the debt service of the building.
nebs
Starter
Gavin Maloof was just on the Don Geronimo Show (kind of an odd combo there) and Don asked Gavin what type of current NBA Arena, size wise, and I guess maybe style wise, would he like to see here in Sacramento. Gavin said the Conseco Fieldhouse without hesitating. 18,500 seats 50 suites.
nebs
Starter
Great post. Definitely like the regional rental car and hotel tax stuff. And the ticket fee. Get a combo platter going to get this money flowing.
kennadog
Dog On It!
That sounds about right for the Sacramento market. Its about the size of the Spurs At&T arena, too.
From Wikipedia:
Livinthedream
All-Star
Icon typically builds their basketball arenas with a capacity of about 19,000. Check out Sprint Center and Consol Energy. Also Pepsi Center. Icon will probably stick to their model as it has been working consistently in the past.
I really like the exterior design of the Sprint Center.
Section 101
All-Star
It's called standing room only. At the last game they did something I'd never heard done at Arco. They sold tickets for people to watch the games upstairs in the lounges. Look at the number and it was above normal sellout.
Purple Reign
Starter
The question is, Does the Sacramento have enough travel/tourism business to generate revenue for a project this massive. It's not like we are Los Angeles, Anaheim, New York City or Orlando.
nebs
Starter
Right. That's why we would need a combination of things to fund this sucker. It's going to happen one way or the other, I can just feel it.
I think the airport and car rental are most key considering that most travel is business travel. Which means more than anything getting Sac County on board. And it is why it was a popular option since it was viewed as a business tax whose extra expenses will just be written off anyway.
The other thing that might work is if the entertainment district can be zoned in such a way that a minor sales tax solely in that zone helps pay for the costs. I am one of the most outspoken critics of sales taxes but when they are targeted so specifically - nothing in that zone will have existed before it is built - it is a completely different matter entirely. Still it would expire once the debt is paid.
For sure.
PurpleHaze
All-Star
Well, if you could get all the outlying counties to kick in maybe it would help - a lot. After all, Lake Tahoe on the Cali side is in both El Dorado county (south shore) and Placer county (north shore).
Glenn
Hall of Famer
The arena could be the start of a complex of buildings with links to the railroad museum and the like and this complex could BE the tourist attraction. In St. Paul the arena is a small part of a group of buildings that house theaters, museums, meeting areas, small concert halls, and the like. Across the streets are libraries, parks and the like. In other words, the center of St. Paul was what this complex became. Some of the very old attractions of St. Paul, and there aren't many attractions,
moved into this huge complex. This complex attracted the Republican National Convention and as Orlando expects their area to garner $200 mil from a national convention, I am suspecting this one event brought in a similar amount of money to that sleepy half of the Twin Cities.My fear is more with the community as I don't sense much energy to think big and become anything other than a city between San Francisco and Lake Tahoe. There's a real identity problem here in my view but as it seems most of the people seem to like it, I may be the one out of step. I'll admit that. I tend to want to go for the gusto while most people around here are very tight.
Builiding creates jobs. This area has been hard hit and I think that's because we have no industry other than politics and almonds. I don't know how money things work but certainly there must be Federal money available for such a project.
Thinking grandiously, perhaps the arena could be the start of a major change and as much as people like this sleepy little town, businesses do not like it or maybe I am misinterpreting the high unemployment rate. Without business there are no jobs but there has to be something appealing about this area to attract businesses other than a railroad museum and a statue to the pony express.
PurpleHaze
All-Star
The arena could be the start of a complex of buildings with links to the railroad museum and the like and this complex could BE the tourist attraction. In St. Paul the arena is a small part of a group of buildings that house theaters, museums, meeting areas, small concert halls, and the like. Across the streets are libraries, parks and the like. In other words, the center of St. Paul was what this complex became. Some of the very old attractions of St. Paul, and there aren't many attractions,
My fear is more with the community as I don't sense much energy to think big and become anything other than a city between San Francisco and Lake Tahoe. There's a real identity problem here in my view but as it seems most of the people seem to like it, I may be the one out of step. I'll admit that. I tend to want to go for the gusto while most people around here are very tight.
Builiding creates jobs. This area has been hard hit and I think that's because we have no industry other than politics and almonds. I don't know how money things work but certainly there must be Federal money available for such a project.
Thinking grandiously, perhaps the arena could be the start of a major change and as much as people like this sleepy little town, businesses do not like it or maybe I am misinterpreting the high unemployment rate. Without business there are no jobs but there has to be something appealing about this area to attract businesses other than a railroad museum and a statue to the pony express.
I understand your concerns and concur with much of analysis. I would only add that high taxes in California are a major reason business is down here, way down, and many of them fed up with incredible high costs continue to pack up every day and move out of state. Recently, a bunch of elected state officials (including Lt Gov) went to Austin, Texas to learn how that strong pro-biz state has been growing at such a rapid rate over past few decades and even continues growth during a deep national recession. I don't know what they learned or will implement to end an insane Cali anti-biz mentality, but I do know this state has among highest state income tax in nation (Texas, Nevada and others have none), highest sales taxes nationally (Oregon has zero), and highest car and gas taxes in USA - among other onerous high taxes, fees, surcharges, etc. California is now seen around the country by many as a complete laughing stock, a broken state, on the verge of insolvency. Unfortunately, most of it is self-inflicted by dumb politicians and the people who elected them in the first place.
Meanwhile, lets all get together and right this sinking ship, and it starts right here in the capital of California with a new sports and entertainment facility - NOW! I hope it goes in the downtown railyards but if that's not feasible, right next to the old arena works. Maybe down the road a decade (hopefully sooner) the railyards can be the utimate site for a new stadium to entice a MLB or NFL team. Hope!
Gary
All-Star
I really don't think we need anything that's better than the rest of the arenas out there as long as they leave room for future upgrades and stuff..
What I was saying earlier as well is having those reserve 2,000 seats in sortage or something or where you can basically flip them over for a walkway or flip them back for seats. Something that's automated kind of like a high school gym bleachers which suck up into the wall when not in use.. I don't like the idea of standing room only.
Link up the Old town, arena, raley field, and a decent riverwalk and this town could be a tourist attraction.. I always have a good time when I go downtown. Don't see why others from out of town wouldnt.
What I was saying earlier as well is having those reserve 2,000 seats in sortage or something or where you can basically flip them over for a walkway or flip them back for seats. Something that's automated kind of like a high school gym bleachers which suck up into the wall when not in use.. I don't like the idea of standing room only.
Link up the Old town, arena, raley field, and a decent riverwalk and this town could be a tourist attraction.. I always have a good time when I go downtown. Don't see why others from out of town wouldnt.
Section 101
All-Star
Funny you mention this. The LT Gov and some others just got back from Texas. They went on a fact finding mission on why businesses are going to TX instead of CA. They concluded taxes was a big reason. So it will be interesting to see what happends. Get rid of CARB and the state would be better off. The EPA already does the same thing.
Gary
All-Star
What about Grantline and 99? It's got a LOT of room, and parking already there.. The circled part is where the mall was supposed to go, and there was a new on-ramp built.
PurpleHaze
All-Star
What about Grantline and 99? It's got a LOT of room, and parking already there.. The circled part is where the mall was supposed to go, and there was a new on-ramp built.
Anywhere - please. Just get 'er done!
nebs
Starter
That is a good spot, I agree. I once got lost out there because of how weird W Stockton Blvd is set up. But if we were to go away from the Railyards wouldn't it just seem to make more sense setting up right next to the current Arco?What about Grantline and 99? It's got a LOT of room, and parking already there.. The circled part is where the mall was supposed to go, and there was a new on-ramp built.
PurpleHaze
All-Star
The current site has all the infrastucture in place and thus will be much less costly than Railyards on that level. I'm sure Taylor/ICON feasibility study will state that fact rather boldly.
Trueblood
Bench
As far as the arena is concerned, I would think that Maloofs would prefer an arena with a single tier for suites so that the fans in the upper deck aren't so far from the floor. The problem with places like Conseco and Fed Ex Forum are that they have a 2nd tier of suites and that puts the fans way up there. That becomes a concern if you're in a small market and struggling. Fans are less likely to buy tickets only to be way the heck up there.
Also, it costs less to build an arena with less concourses. Arco/PBP is a joke because it only has one concourse but you don't need a building with 6 concourses like you do in Orlando either. 3 concourses would be perfect for Sacramento. One for the lower bowl, one for the upper and one for the suite holders. And like I said, it's more cost efficient. With this being our last run, they need to take all of that into consideration as they're going to want to limit costs as much as possible while still building an NBA acceptable building.
Kenna mentioned San Antonio's arena. Portland is another good one although it seats more than 20,000. We don't need that. Cut costs even more and make it 18,500 like Gavin said.
Also, it costs less to build an arena with less concourses. Arco/PBP is a joke because it only has one concourse but you don't need a building with 6 concourses like you do in Orlando either. 3 concourses would be perfect for Sacramento. One for the lower bowl, one for the upper and one for the suite holders. And like I said, it's more cost efficient. With this being our last run, they need to take all of that into consideration as they're going to want to limit costs as much as possible while still building an NBA acceptable building.
Kenna mentioned San Antonio's arena. Portland is another good one although it seats more than 20,000. We don't need that. Cut costs even more and make it 18,500 like Gavin said.
