Tag Archives: 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, … Continue reading

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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 … Continue reading

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 … Continue reading

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 … Continue reading

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 … Continue reading

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 … Continue reading

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 … Continue reading

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 … Continue reading

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 … Continue reading

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 … Continue reading

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 … Continue reading

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 … Continue reading

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 … Continue reading

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 … Continue reading