I really can’t type anything more than what Brian (yesterday) and I (Thursday) about the whole situation going down in Sacramento regarding term sheets, new investors/lead owners.
It is way too much of a mess to wrap your head around right now. We think Sacramento is way too optimistic, they think we’re idiots and that’s is how it will go until the BOG and the NBA finally put a bullet in this dead horse’s head.
Speaking of Dead Horses…
Update #1: Just found out Prince is playing the Showbox at the Market. Tickets are $250. Yes, that’s a tad on the expensive side, but if you’ve never seen Prince live, in person, with your own eyes, not involving a screen. You are missing out on truly the greatest live show you’ll ever see in your whole life. I’m dead serious. See this man before it’s too late.
I’m guessing that some would-be investors in the Sacramento plan are still scrambling to get something done before Tuesday. I know they said something might get done by Sunday, but they haven’t hit a deadline with the term sheet yet.
They are 11 days away from blowing the whole thing, and maybe that is what happens regardless, but April 3rd is a deadline, a real one. I would suppose that the BOG would want their arena plan in advance of the April 3rd meeting.
Prince is a legend, truly ground-breaking. He’s revolutionary to music history and Genius.
Listening to a podcast with Mark Demsky from Fox in Sacramento (aired yesterday on the ESPN afternoon show in Seattle). He says that “if Sacramento’s big is strong enough and comparable enough to the Hansen bid, it will be hard for the majority of the BOG to flip the Kings to Seattle.” In the next sentence, “viability of Kings long-term in Sacramento is a very real issue for the NBA.” “Seattle can support multiple teams.”
He says NBA very loathe to relocate teams if a city and fans show strong support. Also, attendance is way up now for Kings home games, up 2 to 3K after the sale was announced (about 14,000 per game). Lots of boots on the ground support for Sacramento and the issue is the ownership group and arena — no one doubts the City’s commitment to keep the Kings or the fans support, its the investor and arena group in bringing all these billionaires together. Demsky was fairly certain it would be resolved by April 3.
Of course, the NBA didn’t seem to debate much when approving the Sonics to OKC move — didn’t see a lot of moral hand-wringing in that one, so don’t think there is much to take from the “NBA doesn’t like to relocate teams” argument.
Vancouver to Memphis is another example of a “whaaaattt?” move by the NBA.
This was my post from the last thread but I’ll repost it here since it seems relevant to the last post regarding Memphis, Vancouver and overall relocation.
Not trying to give Seattle an edge by saying that the league doesn’t necessarily like one horse towns but rather looking at things objectively and trying to contradict the notion that Sacramento has an upper hand due to not having pro sports competition. Here is the post again…
I don’t know if the NBA has so much a “liking” for one horse towns but rather a feeling of guilt if it leaves those towns because they will have a left a town that would have no longer have a sporting option.
There is also the case to be made that it’s not necessarily the NBA preferring one horse towns but the town itself going way out of it’s way to keep it’s one and only pro sports team. Therefore, the league winds up with 7 of them.
Let’s keep in mind that the last 3 expansion endeavors on the part of the league were into markets with major pro sports competition. Vancouver (NHL), Toronto (NHL & MLB) and Charlotte (NFL).
There is also the situation where for the first time in league history, the NBA actually owned one of it’s own teams and that was in a small, weak market wtih NFL competition and they made sure to stay in that market.
Also, Stern inherited Portland, Utah and San Antonio when the league was a disaster.
The league tried to block the Clipper move from SD to LA but didn’t have the bylaws in place which set the standard that they have now.
Relocating to one horse Sacramento was a no brainer as they were the largest market without a team and outgoing KC was the smallest 3 sport market in the country. Moving from the most over saturated market to the most under saturated is a no brainer no matter how you look at it.
Yes, Seattle to OKC is a black eye and Vancouver to Memphis was as well but even the latter has it’s own story. Had the Canadian dollar not been so weak and had there been a local in place to buy the team, the NBA probably wouldn’t be in one horse Memphis. That was a move made to placate the NHL as well since they didn’t like the competition that was provided by the Grizzlies. Those were the few years that the Canucks didn’t sell out all the time.
Not saying that Sacramento has an edge now. Seattle still does. All I’m saying is that the league doesn’t necessarily prefer one horse towns but rather one horse towns will put up the fight necessary to stay relevant, thus making a league exit tougher.
Good points to remember. Nice post.
Mercy, mercy! I can’t wait for the ending to this saga. It’s taxing. I’m confident in our position, and surely would trade it for Sacramento’s at this point, but we all know that “It aint’ over ’til the fat lady sings”, and she (NBA’s BOG) has yet to take the stage. Let’s just pray it goes our way and be humble.
I see we are entering the mode where everyone is finding a reason why we will be turned down…
Oops, meant to say that I WOULD NOT trade our position for Sacramento’s at this point. Absolutely, we have the stronger hand.
Haha, I’ve noticed that as this thing starts to appear much more comfortably in the bag, people here are finding far more peculiar things to feel uncomfortable about.
It’s ok bobbywilbury. It’s ok. Shhhhhhhhh.
Chris Daniels @ChrisDaniels5 4m
RT @dakasler: Talks on #NBAKings arena aim for deal this weekend. Our coverage in today’s Bee, http://sacb.ee/14dwjiH
And that could be counterbalanced with some kind of update on the Rogers’s of our superior plan.
I know some folks do not think it is needed, but the general tone says otherwise.
strong enough and comparable enough
There it is again, enough but not equal to the Hansen PSA.
Just so we all understand who the league would be telling to take less (that’s what they mean by “enough”). These are the same Maloofs that traded players a month ago to save about a million dollars.
They are going to be out of the league, so, what do they have to lose by playing some hardball, other than money?
The Maloofs will get paid what is offered by Hansen. The league can make up the difference between “enough” and Hansen’s PSA, or allow the sale to go through to Hansen. There is zero motivation for the Maloofs to accept a dollar less. Pretending they will is foolishness.
I would be completely shock if the NBA turns down Hansen. Sac can do it bid but it won’t work. The Sac guys really think the NBA will not turn there back on them because they came up with a bid that matches Hansen. Look the NBA doesn’t care about the fans if they did they would still be in Seattle. I am getting so tired of these guys and can’t wait until April 3rd. Brian said a few days ago, Game over. I believe that is true. The NBA won’t make the same mistake like they did with New Orleans. They kept that team there because they felt sorry for them. Now they have to stay there for a least 10 years before they can move. They are dead last in attendance. The city won’t support that team and never has. The writer is right about the fact long term can the Sac support the team and I don’t think they can. Is it April 3rd yet?
I’ve seen Prince a couple of times. Purple Rain tour was seriously one of the best shows I have ever seen. There very few who compare: Musical genius, vocals, showman.
Yup, April 3rd is a very, very real date for Sac. My bet is they can’t get anywhere close to Hansen PSA. April 19 will be nothing but a formality with an already known conclusion.
I’ve left the Sea/OKC thing in the rear view mirror. I think the NBA won’t want to repeat how they handled that fiasco. But, hey what do I know.
Notice it’s really only media from Sacramento who say they have a “strong chance” or that it’s 50/50. Somebody quoted somebody saying that if Sacramento says it’s 50/50, that means it’s really 10/90, which is true. It’s only that close if you’ve got a vested interested in it being so, you’re caught up in all the hype by being in Sacramento, or you’re a big sourpuss named Art.
Yup, Yup, & Yup !!
It depends on whether you would rather have our ownership addressing the needs of an insecure public to be reassured or the needs of their ownership to put a compelling case in from of the BOG.
Our fans have been awesomely self sufficient. It is great that the ownership can trust us enough to have endurance through all this and keep the faith while they focus on building and franchise issues. Its stressful but I want them putting 110% into laying the groundwork for a franchise launch. If people need reassurance we can take that on ourselves and deal with it to take one task off Hansen’s very full plate.
I think they have demonstrated that if they have need of us they will come and ask for support. They aren’t asking and I assume they feel that their energy is better spent in other places. In Chris I trust.
Pretty sure the spokesman for the Kings Eric Rose linking the NY Times article about one of Ron Burkle’s firms recent struggles and the fact that the Sacramento media members receiving dockets aboutt the economic analysis from last year kind of show what we already know. They will not sell to Burkle. In the end if they tell the NBA that they wont sell to any group with Burkle involved then that is a big time road block in Sacs efforts. Especially since Kehriotis has said he will have a back up offer which Im sure the Maloofs will sell too first if the Hansen PSA were to be shot down.
So the NBA knows that they have a problem in the fact that the Maloofs wont sell to Burkle’s group and that Kehriotis group would probably be the ones they sell too. At the same time Kehriotis has a real problem because of the Building Moratorium in the area of Sleep Train (where he wants to build and acquire land).
I agree that people are looking for holes to poke. Just remember that a lot od what if’s have to be answered. I have a feeling that they are waiting for the arena term sheet as to give a minimal amount of time for naysayers to file a lawsuit against it before the Board of Governors makes a decision. Thats just my two cents
How about the needs of the Seattle public that will eventually own the arena?
I’m buying an arena and would like an update once in a while. Is that really too much to ask?
Well said Brian. Yes we must trust Chris. We have heard a lot of talk out of Sacramento but not much to back it up. Usually its the quiet ones that have the plan in place and they know it. thats why they dont need to trump it up because they know this isnt decided in the court of public opinion in our two cities. This is decided in a board room in NYC. Notice how this new LEAD WHALE garnered little headlines in the national circles. Notice how Wojnarowski hasnt changed his tune since saying Sacs chances were better when the whales were announced.
Nothing has actually happened for the media nationally to change their tune. Just because DOOSHKI says something it means nil.
Remember Bruski sucks donkey %$#@ and Carmichael Dave is the donkey!
Hasnt’ he had an update essentially about the renderings and then the news that it is now in master permit use stage and that the EIS draft will be available within the next, I believe, 6 weeks.
My 2 cents: In my business, you always try to assess & plan for what could go wrong no matter how remote the chances are. It’s crossing your T’s and dotting your I’s. I think that’s where some of the posts are coming from. I think as the clock ticks down on Sac - - - we will continue to assess anything and everything that could cause BOG to reject Hansen’s PSA. And, of course, we are Sea Sports Fans.
The only inkling of a doubt for me is relocation if Sac can get the same $$ to the MaGoof’s and their Arena financing resolved. I do believe NBA owners don’t like to relocate if it makes financial sense for them to stay. Again, I don’t see how Sac can really get this done. I also hope the NBA will hold firm to their official deadlines and not extend/postpone.
For me - - - this is determined by the April 3rd meeting. Maybe even sooner if the Sports Gods are looking favorably on us.
I’ve also kinda of moved on from MaGoof’s won’t sell to any ownership group if Burkle is involved. It’s completely about the $$. I think if Burkle offered the MaGoof’s a few more bucks than Hansen without risk of legal issues, they’d take it in a heartbeat and never look back.
I’ll say it again - - - Why does anyone care about Bruski & CMD ?The BOG doesn’t. I really hope I never see their names again.
Maybe, but the talk of them not wanting to sell to Burkle has history and has been documented in the press. Saying they’d just take his money is pure speculation. All of the indicators that aren’t just conjecture originating on this board indicate they really don’t want to have anything to do with Burkle.
Justin Dentmon just signed a 10 day contract with the Mavericks.
Just my conjecture that they don’t care at this point. They’re out - one way or another. So now it just becomes about who puts the most $$ in their pockets. Just my conjecture.
LOFL! love that
I’m a business person - - - I’ve seen sworn life enemies get in bed together for the sake of the allmighty $$. From what I have read - - the MaGoof’s are broke & greedy.
1. Sacto as a market cannot support the $525 mil “total team valuation”. It will fail, and everyone knows it.
2. Sacto cannot come up with a better arena plan that Chris.
3. Sacto cannot afford an arena plan even close to what Chris is planning to build. Everyone knows it. It will fail.
Welcome to America 2013 where money and corporatism (alleged capitalism) control everything from main street to the White House.
Well, if we are not going to have our own arena to talk about I guess we will have the misadventures of dunderhead Dave.
http://bigstory.ap.org/article/campaigning-kings-sacramento-vs-seattle?utm_campaign=AP_Sports&utm_source=SocialFlow&utm_medium=Twitter
David Carter, director of the Sports Business Institute at the University of Southern California, said all these efforts — whether by fans or professionals — might still be futile. He said the NBA will be focusing more on the long-term economic outlook, TV revenue and corporate contributions each city offers.
“I am not sure how much of a difference it will ultimately make if the business plan and strategy are sound and appear to deliver a profitable outcome, including the growing of franchise value,” Carter said.
From what I’ve been able to find out about this new arena plan Sac is developing… wow… sounds kinda like money laundering…. not sure they got enough ”soap” to keep this clean.
nice blog article. followed that guy on Twitter.
It’s sad to see how much effort Sacto fans are putting out, and how organized they are, how heartful, and how true it is that the NBA really doesn’t give two craps about that.
Nice find!
Well saying their spokesman has been bashing Burkle means something. Also if Kehriotis bid is there (if Hansen was denied) the Maloofs will sell to their business partner and have legitimate reason to because he is their business partner.
People seem to forget that if the Hansen deal is denied that the value of the Kings drops dramatically because you take away one of the key indicators of the current valuation- the ability to be relocated. Soon as Hansen’s bid was shot down the bids are gonna change. You dont think the Maloofs dont anticipate cheapskate Burkle to do that? Burkle buys low and sells high. people will point to the fact that Burkle is on the arena side, so what, he doesnt stand to gain anything unless they acquire the Kings.
NO WAY if Hansen is denied the Maloofs are going to get anywhere near the money. Maybe if they just open up a bidding process for the next year they will recoup most of it. Also the NBA knows that i the Hansen sale is denied and the Maloofs get less money from someone else that the Maloofs are going to come after the NBA for the difference and have a great chance at getting that difference from the league.
Ive also seen speculation on 3 different sites now that the Mastrov bid was lower than any of us anticipated and that he only offered what he did because that is what he believed is the dollar figure he could buy at and stay neutral financially. Some have even speculated that he was about 150 million lower because of relo fee and loan fee. I cant say whether or not that is truthful but it would help to understand why Ranadive is now the lead investor and Mastrov in the background. Some in Sacramento even believe there may have to be another “whale” to get this done as Ranadive and Mastrov will have to leverage alot to get to where Hansen and Ballmer are. Hansen and Ballmer have set the bar so high against the value of a team in Sacramento that they are scrambling just to even be competitive. If the Maloofs have to sell for anything less than Hansen is paying there could be litigation.
The chances of them getting their financially and getting an “ironclad” term sheet in the next 10 days is improbable. I mean there is always a chance but like Brock Huard said ” Im dropping the cautiously, from cautiously optimistic.”
Dave called Seattle fans willing to take the Kings “hypocrites.” He compared the effort to a divorced man stealing his best friend’s wife and justifying it as “the only way I can get me a woman” after five years.
Even with those strong beliefs, he admits “if the Kings were to leave, the moment that another NBA team presented itself, you’ll see me all over the place begging for that team and not caring about that city,” Dave said.
Well, no sh*t, David. That’s how you got the Kings in the first place.
The whole stealing the wife analogy breaks down when you realize there aren’t just 30 women in the world with very little chance of any new ones showing up anytime soon.
If he thinks this is a messy, backhanded situation, imagine what things would be like if this were actually about 1 of the only 30 women in existence. Good God y’all.
exactly what I was thinking. Dude’s analogy is just… stupid and doesn’t even come close to applying in this situation. He’s really grasping. At least he admits that he would ALSO be a total hypocrite if he lost the Kings and a new team came on the market that they had the chance to get.
Hey, I agree. I don’t see anyway Sac gets this done. I’m just sayin’ that’s my only slim inkling of a fear until April 3. I’ve been on the side of the fence for a long time that Sac can’t get this done. I even thought and still think they might fold their cards. Everyone here tried to assure me, including Brian that they will have a proposal. Unlike Brian’s post - - - It didn’t surprise me one iota that they didn’t have a term sheet done by their self-imposed deadline.
But sometimes - - - you never know what comes up from behind & bites you in the ass.
I’m just picturing this world with only 30 women to be fought over. I imagine that there is no longer any form of law, civil society has crumbled to the ground.
Or perhaps our new found 30 Goddesses have led us into a new era of enlightenment and true peace for all.
CMD is who Sac fans need him to be, I’m not going to begrudge him that. Seattle is the devil until they aren’t, stealing a team is a war crime until it isn’t, etc. etc.
Like I said everyone at some point in their life will be a hypocrite about something. If this is my biggest hypocrisy then so be it. Even the pope will be a hypocrite about something (GASP)
At least Seattle, unlike Sacramento, has never stolen a team prior to this. The Sonics, Pilots, M’s, and Seahawks were all expansion. We were placed in this no-win situation (take another city’s team or go without) through no fault of our own. I don’t want to steal any team, but I’d feel worse if it was a team that hadn’t already moved a bunch of times.
Hate to tell ya, bro - - - - This has been going on since man walked this earth.
I know. I know.
Baker, you never disappoint. Thanks — great find. NBA owners will base their vote on economics - current & future. They are not assessing one fan base against the other. Current & long term, Seattle will have a much further reaching economic impact than Sac.
But seriously… who’s going to Prince with me in April?
Wait so this isnt Hurricane Katrina’s fault that we got our team stolen by the Okie’s and we are stealing the Kings? Its Adam and Eve’s fault (if you believe in biblical creation) or from apes evolving into hominids and home erectus’ all leading to this?
Damn the apes or damn the fruit!!!
Teams are not stolen. They are bought & sold. Blame BOG’s for approving sales & relocations.
Me, Me - - Pick me !!
Yeah I think that the NBA is smart enough to think about future economic figures. They will play out what happens if this franchsie stinks for the next ten years in each city and which city will the team be more viable.
Thats why listening to the city manager the other night for city of Sacramento all he was alluding too was best case scenarios and what will happen. Well where I come from you hope for the best and prepare for the worst. The NBA will surely look at things that way.
Sorry guys I know you dont like him per se but here is Carmichael Dave enjoying a joint, wine, and some cross dressing
https://twitter.com/JKLwooderson/status/315548219604090881/photo/1
Now that’s funny !! Just don’t like us mockin’ their efforts
Im not mocking his efforts….more so mocking him
If I was mocking their efforts I wouldve started the post by saying “This is the guy leading their grassroots efforts?”
Model face of the effort to save the team….
Oh, that wasn’t a find, Jason Reid posted it on his twitter feed.
Speaking of Reid, if you haven’t seen Man Zou, you probably should. It’s really good.
http://manzoumovie.com/index.html
Yeah. This dude REALLY makes me appreciate Brian and the people we have had leading our efforts. I really feel for Sac that they have a failed shock jock spearing on their fight. I applaud his passion and zeal, along with ability to take advantage of the fact that he’s currently jobless to fight for the team across the country. But here’s the thing. In the end, he’s the guy that makes “I screwed your mom” jokes on twitter and laughs at suicide. I’m eternally greatful that we don’t have guys fighting for us making jokes about murdering the homeless.
And if CMD admits if the Kings left that he’d immediately be the guy wanting other people’s teams, what is the point of calling us hypocrites? Other than being able to take a shot?
“They’re a bunch of hypocrites! I would be one too if in their shoes. But they suck! Bunch of hypocrites!!!”
Hey Kevin. Did you recently beef up the terms and words that trigger moderation? Because about 1/3 of my posts are getting stuck in moderation the past few days.
One thing’s for sure: it would be a world with no concerns about overpopulation in fifty years or so.
So the city has a term sheet?
Kevin Johnson @KJ_MayorJohnson 4m
I’m pleased to announce an agreement w/ Burkle-Mastrov-Ranadive group on a public-private partnership to build a new ESC at DT Plaza Mall…
ITS ON LIKE DONKEY KONG
Kevin Johnson @KJ_MayorJohnson 4m
I’m pleased to announce an agreement w/ Burkle-Mastrov-Ranadive group on a public-private partnership to build a new ESC at DT Plaza Mall…
Funny how ironically this was announced after ALL the workshops for the constituents. Just my opinion but seems like that couldve been purposefully done
Also funny is how dead the blog is for the 1st time in months…I wonder how many actually know?
I was thinking that too
Less opposition. hackjob of an arena deal
so sac city council can vote on wednesday?
I just read it on twitter a minute ago, over all though I’m not very worried about a cobbled together plan done in the last few seconds over a plan that’s been worked on for years.
They could vote on Tuesday so long as the arena was listed in the agenda for that meeting 72 hours in advance. The document itself doesn’t need to have been posted, it just needs to be listed in the agenda according to that law.
How much do you guys wanna bet that Kehriotis announces his bid and arena concept here before Tuesday to put doubt in the councils mind?
Tony Bizjak @TonyBizjak 1m
Mayor has just announced a deal on arena financing. Arena will cost $448m. City will put in $258m. Developers will put in $190m
That’s a lot for a city without any money
258 million city contribution so with a 5.75 % interest rate they are looking 75-80 million in interest. Not that it matters to us.
Im heading out in a minute Im trusting y’all to not do the Seattle two step and start worrying profusely about their goings on. We knew they would have a term sheet. We knew April 3rd is when we need to prove our worth to the league and uphold the sales agreement between Hansen and the Maloofs. I highly doubt we come out of this without a team
TO ARMS! TO ARMS! Or, you know, not.
I expect this discussion to compound from 74 to 180 in the next hour I am gone
So the city is paying more than first proposed and is using more than what te parking has ever been valued at. Will be interesting to see what is in there. Also agree with the whole waiting until after the town halls.
Glad Im not the only one to think that the time of announcement is a little shady. Im sure some will voice their displeasure. I wonder if they will file suit shortly after the council approves….
There is basically no opposition for the arena in Sacramento.
A transparent effort to avoid transparency.
It was May 15, 2025 that Hansen, McGinn, and Constantine announced their agreement and it was September 24 that the City Council finally passed the amended version. That’s over 4 months of work they need to supposedly get done in days. From there the questions will be on the legality of circumventing California state law on what parking revenues can be used for and the questionable use of a sham non-profit corporation to circumvent the city’s poor credit rating and lack of bonding capability.
Man this whole process is freaking irritating.
Kevin Johnson @KJ_MayorJohnson 18m
Once again, we’re proving the strength of our market – both as host to an NBA team, but as an emerging region with global potential…
ROTFLMAO
Kevin Johnson @KJ_MayorJohnson
The new ownership, historic in its reflection of our city’s diversity, will invest up to $1B in Sac - a strong sign of confidence in our mkt
Where does he get the one billion number from?
Dale Kasler @dakasler 3m
Deal will be voted on Tuesday by city council
Crazy.
I don’t think there has been real opposition because there wasn’t a “deal” until now. So it will be curious to read reactions and potential lawsuit rumors. I thought that graph showing the nonprofit issuing the bonds was a big big red flag that this deal my not be in line with CA law.
I seriously will be dumbfounded, shocked, and sick if the NBA leaves the Kings in Sacramento.
Boy, I can’t wait until this is all over. I enjoy the armchair financial/political discussions as much as the next guy, but I want to get back to stuff like discussing what vendors should operate at the new stadium. Dick’s is fine, but I think we can get more creative than that.
Oh geez, give me a break, “diversity” nice Kevin Johnson — so let me guess, if the NBA approves the Hansen PSA/relocation, then the NBA BOG is comprised of racists because that would mean they didn’t want “diversity”? How does that translate to “strong sign of confidence in our market”?
Sorry, just bugged by all this empty blah blah from Sacramento. Real question: did you guys come up with the extra $150 million? And how will the new owners make a profit so they don’t go to the NBA for $$?
Gee that worked out rather nicely for KJ didn’t it. Its almost like they held off announcing anything until the public forums were all done. In an attempt to circumvent the public commenting on it and in doing so fast tracked it to be voted on. Then again I’m feeling more cynical and enraged then Lewis Black today.
Investing on the team, and around the site of the arena. There’s a lot of development to be done and a lot of money to be made. Plus, there’s a lot of land around Sleep Train Arena that either the Sac group or Hansen would own depending on how the loan is handled.
No, there IS no opposition to speak of
Fits with my whole thinking about now not later mentality I thought about. Not sure why they would vote at all on Tuesday but ten I’m not Sacramento and up against the gun so to speak. Either way tey were gonna get something done before the deadline.
Natomas and Sleep Train aren’t worth anything, there are miles of foreclosed tract houses out there
That is crazy. Sign of desperation — when someone agrees to anything to just keep or buy something, without regard to the future or the details. That’s the kind of action that blows up when that first bill floats across a desk and someone has to pay it — party over. Then its a lot of bickering, finger pointing. Very reminiscent to me of the “deal” with the Maloofs last year.
I feel that too, and I want the Kings arena to happen. There isn’t any real opposition from what I saw at the 2 public forums I attended, but I wonder if the delay has anything to do with possible litigation. It doesn’t matter to me because the deal will get done anyway.
That’s just me speculating though.
Jackie Chiles: “It’s outrageous, egregious, preposterous.”
Chris Daniels @ChrisDaniels5 3m
Seattle’s Mayor and KC Exec said in Feb 2012 they had term sheet with Hansen. MOU passed in October. #NBASeattle
Oh. Show me the miles of foreclosed tract houses. I didn’t say they were prime real estate. But in a city that has taken a lot of hits to it’s real estate market in the last 5 years, you have to start somewhere.
We aren’t talking about a city split in two by water surrounded by water on both sides. That tends to raise your value tremendously. Inland cities have different land values for a reason, and have to find artificial ways to raise it. I’m not pointing fingers at either city here, just making a point on the differences of value.
Natomas is also not a dump. It’s just a dump because SoCal developers made it into a pukey SoCal suburb in city limits.
Hook him up with Ziller then. Ziller says there is no opposition.
To speak of
Meant to say that some of it looks dumpy because of the developments that were cookie cutter. But, the Natomas parts that are North and West of the development (especially close to the river) are rather nice IMO. It’s also some of the most expensive real estate in the area that isn’t Land Park or the Fab 40′s or Granite Bay. What a surprise that is….
There’s some opposition, but I don’t know how much of a threat they really are.
Opposition is a kind way to state it. Whatever it is, it’s not nearly as organized as Van Dyk and that group is. And, I don’t take Van Dyk seriously for any reason to begin with.
Seriously, the anti-arena people aren’t really around from what I can tell. Most of the anti-arena people seemed to be complaining that the city would use it’s parking asset’s to pay for an arena and then mumbling other justifications to support their original assertion.
The city council and staff would listen to the anti-arena contingent alot more if they didn’t waste everyone’s time and were more respectful than they are.
Everything I’ve heard so far about this ”plan” is shady… and much more than a little.
So if the BOG decides the Kings stay in Sactown, Hansen and Ballmer fold their tent and go away. Then a year from now the whole Sac deal unravels because the costs went up, the revenue projections went down and somebody is in too deep. The NBA would then be left with no Sactown arena, no Hansen/Ballmer group, no Seattle arena, no where to go and a badly damaged reputation once again. This could turn Sonicsgate into a blockbuster movie.
Im not sure if it would unravel, but there is something to taking the more sure fire deal. Who knows anymore, but I don’t think the arena in sac matters and never really did.