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SBD/April 1, 2011/Franchises
Sacramento Mayor Will Plead City's Case To Keep Kings In Front Of NBA BOG
Published April 1, 2011
ALL HANDS ON DECK: The SACRAMENTO BEE's Lillis reported the "grassroots campaign urging to keep the Kings in Sacramento broke the $200,000 pledge mark" Thursday morning. KHTK-AM host Carmichael Dave said that the "pledges are flowing in through Twitter and the 'Here We Build' Facebook page." He added that the "true focus of the effort is not to raise the $300 million or so needed for a new arena." Instead, "some ideas being tossed around include purchasing bricks with contributors' names on them for outside a new facility and shoring up ticket sales for next season -- if there is a next season" (SACBEE.com, 3/31).
DEBT TO SOCIETY: The city of Sacramento "has asked the Kings and the NBA for written promises that the team will repay a $77 million loan it owes the city before relocating to Anaheim." Assistant City Manager John Dangberg Wednesday wrote the Kings "have taken steps and made statements that indicate that it would be prudent and appropriate for the City to request that the Kings now put in writing the assurance" that the loan will be repaid. Kings co-Owner George Maloof said the Kings have "no intention of leaving (Sacramento) without paying our debt" (SACBEE.com, 3/30). Meanwhile, in Sacramento, Dale Kasler reports the Maloof family "showed Thursday it isn't broke," as Maloof Entertainment "became one of the investors in a $20 million fund to finance marketing and distribution of 3-D animated movies." The Maloofs also "unveiled plans for a skatepark in South Africa" (SACRAMENTO BEE, 4/1).