Posts Tagged: Arena

Kings submit formal plan for arena development

According to the Biz Journal, the Sacramento Kings submitted formal paperwork to support their development plans for the area surrounding the downtown arena. A rendering submitted with the application shows the hotel, including a pool deck on an upper floor, immediately north of the arena’s main entrance, and a reconfigured Downtown Plaza facing east, onto… Read more »

Renovations, eh?

Sleep Train Arena will be undergoing some renovations before the NBA season opens: The changes – expected to be ready opening night, Oct. 30 – include two new VIP lounges – one for the team’s three-dozen-member ownership group – and one expanded lounge. The visitors locker room, a long-reviled dungeon, will be doubled in size…. Read more »

It’s official: Kings are staying in Sacramento

USA Today’s Sam Amick (formerly of the Bee) broke the story on Twitter: the NBA Board of Governors has apparently officially rejected the Chris Hansen/Steve Ballmer bid to purchase the Kings and move them to Seattle.

Carmichael Dave launches Project Zero; multi-city “road show” to save Kings

After hyping it on Twitter Sunday night, Carmichael Dave announced “Project Zero” today, which he calls a “huge team effort” to help “save the Kings.” Tomorrow- at some point- I will be announcing #projectzero. This will not in any way singlehandedly save the Kings, but we hope it helps. — Carmichael Dave (@CarmichaelDave) March 18,… Read more »

Release the Whales

At his “State of the City” address tonight, Mayor Johnson is “expected” to grace us with the names of the investors with whom the City is already negotiating. However, as the Bee points out, this is only an assumption, albeit an assumption based on the fact that transparency in government is something that Americans expect…. Read more »

BREAKING: Kings may move to Virginia Beach, Virginia UPDATED

UPDATED: Cowbell Kingdom.com outlines the update to this, which is that the Kings say it is not a real thing. WTMalooF? I heard it first from RansackedMedia.com. A report out of the Hampton Roads Business Journal says that the Sacramento Kings will relocate to Virginia Beach and play in a new arena to be built… Read more »

Maloofs trying to sink the deal?

The big news yesterday was the latest snag in the arena deal, which came when the Maloofs suddenly read the non-binding term sheet we all had already stopped talking about weeks ago, and realized they were on the hook for some development funds. Today Tony Bizjak and Dale Kasler report that David Stern is planning… Read more »

City has big plans for Power Balance site

Today’s reporting in the Bee by Bizjak and Lillis has some dissection of the City’s stance on what to do about the current Power Balance Pavilion location once a proposed new downtown arena gets built. Council member Ashby assures her constituents that reuse of the arena site after 2015 is “part of the deal.” But… Read more »

Final thoughts before tonight’s arena vote

This was me all weekend photo credit: Alejandra Gamgeek from Gallifrey I had the whole weekend to stew on the arena terms sheet, fueled by Cosmo Garvin’s great piece on the math of the thing on the SNOG Blog, and bolstered by Isaac Gonzalez’s excellent takedown of the “good, bad and the ugly” aspects of… Read more »

Arena plan to be released Thursday

Kelly Johnson of the Biz Journal reported yesterday that City Council hopes to release the details of the arena financing proposal on Thursday, in advance of the Council’s vote next Tuesday. The main takeaway from the piece seems to be that the mayor confirms AEG would be the operator of the arena under the proposal…. Read more »

City Council in preliminary vote on parking lease tonight

On the agenda for tonight’s City Council meeting is a motion to select 10 of the 13 bidders who sent in responses in pursuit of the City’s proposed plan to lease parking operations rights to raise money for a new arena. It’s at the bottom of the agenda, and it’s a purely procedural item but… Read more »

Parking lease proposal stinks?

The more I think about the current proposal to lease the City’s parking operations to fund a big upfront payment on the arena, the worse the idea sounds. I guess you could say I’m approaching Heckasac levels of frustration with the idea. Last week Cosmo Garvin highlighted the numbers in the initial report on the… Read more »

Think Big not thinking about the little people?

Not too proud about that headline. Councilwoman Sandy Sheedy’s poll about the use of City funds to bankroll the new arena showed overwhelming public support for going to the ballot box, the Bee reports today. However, Think Big Sacramento, the Mayor’s initiative aimed at making the arena happen, calls the poll suspicious. Apparently they have… Read more »

What is biggest risk in Arena deal?

This week will see Mayor Johnson’s financing plan for the downtown arena, which Johnson calls “the city’s greatest economic opportunity since the building of the Transcontinental Railroad.” At least in the Bee report, the Maloofs seem cautiously optimistic and willing to play ball, though they do want to see a solid plan: Maloof said he… Read more »

Do or die week for Kings?

Mayor Johnson is still sounding optimistic about keeping the Kings in town and apparently March 1 is the deadline for the Kings to file a relocation request. Notes from Bill Bradley and Voisin (interesting note about Stern’s Sacramento-is-Seattle reference) and Sam Amick are worrisome, while Ryan Lillis and the Here We Stay folks provide optimism… Read more »