PurpleHaze
All-Star
For Kings finally having to leave Sacramento (assuming plug is about to be pulled)
Blaming the city is some outsider bull****.
The city has given the Kings much love for many years. They have bailed out the team before, and I am not sure if that loan has been paid off even now.
This city supports the team through years of muck and in a bad economic time the owners decide its arena or they're out.
There's not much the city can do, and though some people may roll their eyes at it, putting money towards addressing the city's bigger problems like the sharp rise in the homeless IS a bigger concern than appeasing some Vegas rolling NBA owners.
You got to account for the bad blood of what happened vs the Lakers, the killing of the arena vote by the owners, the Maloofs lies and PR smokescreens ever since and no real apology for it, no real owning up to it. Despite the successful years, the Maloofs aren't well liked. I think Petrie is given the credit for the success, and the Maloofs are known for their mishandling of the coaches and their smokescreens to the public. This doesn't build faith within the community for a franchise the city has nursed for decades.
It doesn't help that many act like the Kings are the only thing Sacramento has. Not only is that insulting, its false and an outsider's perspective. It also a perspective that has been eating away at the cultural soul of the city, as transplants and sprawl have erased the city's identity with chain establishments and soulless mini-towns. And of course that sprawl craze was a part of the economic fart that stunk up the town.
Actually it's not.
In terms of land, perhaps. But it was Gregg Lukenbill and his team that purchased the Kings and relocated them to Sacramento. The two arenas were built with private money only.
The loan was given to Jim Thomas and the Maloofs inherited that loan. The original loan was $70 million plus an extra $3.7 million that covers bond closing costs and bond insurance. It has been reported that the Kings still owe $67-69 million on the loan but have made every payment on time.
Lukenbill needed help building two arenas and got no public dollars to help. That's why the current ARCO Arena was built for $40 million instead of say $80 million, which could have prevented the mess we're in today.
Thomas got no help either as he tried to build a new arena. The Maloofs have waited for over 10 years. This isn't like the Maloofs came out of no where this past weekend and said it's a new arena now or we're out of here. They've been beyond patient.
We have thrown countless amount of dollars for decades towards issues like helping the homeless, welfare, schools, law enforcement, fire fighters, etc. Crime, poverty and hunger will never go away no matter how much money you throw at it. I am tired of seeing this as an excuse. The events at ARCO Arena help bring in revunue for our city for those issues.
What smoke screen are you talking about? They walked away from Q&R before a vote went out.
The Kings are a BIG part of our city's identity.
Actually it's not.
In terms of land, perhaps. But it was Gregg Lukenbill and his team that purchased the Kings and relocated them to Sacramento. The two arenas were built with private money only.
The loan was given to Jim Thomas and the Maloofs inherited that loan. The original loan was $70 million plus an extra $3.7 million that covers bond closing costs and bond insurance. It has been reported that the Kings still owe $67-69 million on the loan but have made every payment on time.
Lukenbill needed help building two arenas and got no public dollars to help. That's why the current ARCO Arena was built for $40 million instead of say $80 million, which could have prevented the mess we're in today.
Thomas got no help either as he tried to build a new arena. The Maloofs have waited for over 10 years. This isn't like the Maloofs came out of no where this past weekend and said it's a new arena now or we're out of here. They've been beyond patient.
We have thrown countless amount of dollars for decades towards issues like helping the homeless, welfare, schools, law enforcement, fire fighters, etc. Crime, poverty and hunger will never go away no matter how much money you throw at it. I am tired of seeing this as an excuse. The events at ARCO Arena help bring in revunue for our city for those issues.
What smoke screen are you talking about? They walked away from Q&R before a vote went out.
The Kings are a BIG part of our city's identity.
Well said!
Its the attitudes like those of swisshh that got us to this point and they are STILL pointing the fingers at anyone but the council! The have had years and well over a decade to get it done and have failed miserably and its always the same washed up excuses every single time yet in that time frame, not only have they sorted out the arena issue but all the issues that have a "higher priority" have not been addressed either.
If the Kings leave, I can guarantee you that the financial hit on Sacramento economy will be HUGE! Its already considered as a bit of a ****hole (rightly or wrongly) and if it loses its major drawing card, it will regress even further.
Recently ranked #10 on the most miserable cities to live in in the nation. This would bump it into the top 5 without a doubt.
Recently ranked #10 on the most miserable cities to live in in the nation. This would bump it into the top 5 without a doubt.
Of course at that time cities were financing 100% and handing over the keys to get a team. So keep it all in perspective. Sacramento managed to escape that era unscathed. They might be able to now work out some kind of 70-30 deal, at a discount of what it would have cost 3-5 years ago thanks to the horrid economy, if the team doesn't flee and if they can find a way to get that money.I put the majority of the blame on the city although I have to point out the situation back in '03 or '04 when the Maloofs stormed out of a meeting where they and the city were going to split the costs of a $350 million arena. The city was going to put up $200 million while the Maloofs would take care of the remaining $150 million. The Maloofs thought that was too much. Right about now, that deal looks like gold compared to how much is needed for an arena now in a broke city and state.
To be honest I'd still be shocked right now if they go to Anaheim to be someone else's tenant who clearly has designs on possibly taking over the team. Unless the terms have changed significantly.The Anaheim Royals.
Seems like the only outcome at this point.
Recently ranked #10 on the most miserable cities to live in in the nation. This would bump it into the top 5 without a doubt.
Forbes article on 2/2/11 has Sac at #5 on the miserable index. It doesn't bode well that Stockton, Modesto, and Merced are also in the top 5.
http://www.forbes.com/2011/02/02/stockton-miami-cleveland-business-washington-miserable-cities.html
I second Mike0476's response. This statement in particular is a huge part of the problem and part of the prevasive provincial attitude in Sacramento. Am I a King's fan? Of course, The arena however is not only about the Kings. About three-quarters of the events at Arco are NOT Kings basketball. By the way, as quickly as you can, tell me at least five things that Sacramento has that you mention to someone wanting to visit Sacramento, that makes it a unique destination, that makes it a great place to vsit? I love Sacramento and have lived in and around Sacramento since 1967, but I have a realistic view of it.It doesn't help that many act like the Kings are the only thing Sacramento has. Not only is that insulting, its false and an outsider's perspective.
Blaming the city is some outsider bull****.
The city has given the Kings much love for many years. They have bailed out the team before, and I am not sure if that loan has been paid off even now. This city supports the team through years of muck and in a bad economic time the owners decide its arena or they're out. There's not much the city can do, and though some people may roll their eyes at it, putting money towards addressing the city's bigger problems like the sharp rise in the homeless IS a bigger concern than appeasing some Vegas rolling NBA owners.
You got to account for the bad blood of what happened vs the Lakers, the killing of the arena vote by the owners, the Maloofs lies and PR smokescreens ever since and no real apology for it, no real owning up to it. Despite the successful years, the Maloofs aren't well liked. I think Petrie is given the credit for the success, and the Maloofs are known for their mishandling of the coaches and their smokescreens to the public. This doesn't build faith within the community for a franchise the city has nursed for decades.
It doesn't help that many act like the Kings are the only thing Sacramento has. Not only is that insulting, its false and an outsider's perspective. It also a perspective that has been eating away at the cultural soul of the city, as transplants and sprawl have erased the city's identity with chain establishments and soulless mini-towns. And of course that sprawl craze was a part of the economic fart that stunk up the town.
So blaming the city's mindset? Pathetic.
Ouch!
I knew it was bad but I didn't think it was THAT bad! Wow!!!
And some people are still reluctant to pull their head out of their *** and see the big picture!
I put the majority of the blame on the city although I have to point out the situation back in '03 or '04 when the Maloofs stormed out of a meeting where they and the city were going to split the costs of a $350 million arena. The city was going to put up $200 million while the Maloofs would take care of the remaining $150 million. The Maloofs thought that was too much. Right about now, that deal looks like gold compared to how much is needed for an arena now in a broke city and state.