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 to pick up part of the tab to make sure initial work can get done.
A pessimistic person would say that this is just the first line in the sand drawn by the Maloofs, and that if they resolve this issue it’ll just be something else down the road. I am trying not to be that guy. For instance, who says that one of the tenants of a building that will be owned by someone else should have to pay for infrastructure? Maybe there is a better deal that takes away some of those costs and puts a corresponding amount in profits back into the city’s bank account.






