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Sacramento Considering Public-Private Funding Partnership For Proposed Kings Arena
Published February 25, 2013
ONE MAN'S OPINION: In Sacramento, Tony Bizjak noted Sacramento City Council member Kevin McCarty “voted against the mayor's arena deal last year, and voted no again last week on Johnson's latest arena resolution.” He also sent an open letter to Shirey and the news media "asking whether public money should be used for an arena, whether the city would get a return on its investment and who would be responsible if revenues don't meet expenses.” But McCarty on Friday said that he "isn't opposed to the city helping finance a downtown arena.” McCarty: “I'd like to see a downtown arena. It's that I have a different vision of what an arena (financing) plan would look like, different than what has been put forward so far” (SACRAMENTO BEE, 2/24).
STERN SITTING THIS ONE OUT? In Boston, Gary Washburn noted the decision on the Kings “could come down to sentiment.” NBA Commissioner David Stern “regrets yanking” the Sonics from Seattle in ’08, as he was “uncomfortable with moving a team from a city that had been loyal to the NBA for 41 years.” But he also “doesn’t want to penalize Sacramento for having financially struggling owners who have wanted to move the team for years.” Stern’s approach is to “mostly remain neutral and shift the decision-making responsibility to the Board of Governors” (BOSTON GLOBE, 2/24).
THE HERE AND NOW: The Kings on Thursday traded F Thomas Robinson, their top pick in last year's NBA Draft, to the Rockets for three players and cash, and ESPN's Bill Simmons called the trade an "embarrassment.” He said it “brought us back to 1978” when the “league was a mess.” Simmons: “They basically traded the fifth pick in the draft to make $2.2 million. You shouldn’t have to make trades for money in the NBA in 2013. It’s an embarrassment” ("NBA Countdown," ESPN, 2/22).