Adelson Ready To Walk Away From Raiders Plan Developers Exploring Arena Near Scottsdale Facility Notes Hansen Group Offers To Fund Seattle Arena Privately Chargers Have L.A. Options If Ballot Measure Fails Yankee Stadium Adding Social Gathering Areas Plans Revealed For Phase II Of Ballpark Village Sources: Fortress Backing Lott-Raiders Group Facility Notes San Diego Voters Still Skeptical Of Stadium
SBD/January 26, 2011/Facilities
Sacramento City Council Wants More Information From Arena Proposals
Published January 26, 2011
THE MISSING LINK: In Sacramento, Marcos Breton writes it has become "glaringly clear why Sacramento has been unable to nail down a secure future for the Kings: Sacramento has no key man or woman to make it happen." It remains to be seen whether Kings Owners the Maloofs "will be financially viable going forward." There is "wealth in Sacramento," but community leaders have been "on the periphery of the Kings saga for years." The city is "exploring an arena at the worst possible time and, no matter what anyone says, no one locally knows if it can be done here" (SACRAMENTO BEE, 1/26). A SACRAMENTO BUSINESS JOURNAL editorial notes the city is "looking at options for a new sports arena," but the "bigger -- and more critical -- question is does the community want an NBA team?" If both sides are "not willing -- or simply unable -- to develop a forward-thinking plan, or even a little promise, it's time to end the quarter-century relationship." The Kings' naming-rights agreement with Power Balance to rename the existing arena is a "hard-to-grasp deal" that is "about something plain and simple -- money" (SACRAMENTO BUSINESS JOURNAL, 1/21 issue).