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Sacramento Arena Plan Facing Tough Timeline As Public Forum Looms On March 21

Sacramento City Manager John Shirey yesterday said that he "expects a detailed plan" for a new downtown sports arena to house the NBA Kings to be "released in time for a public forum at City Hall the evening of March 21," according Lillis, Bizjak & Kasler of the SACRAMENTO BEE. However, Shirey did describe the timeline as "compacted." That timing would "give the public and the City Council five days to explore the proposal before the council votes on the plan March 26." Shirey said that the city has "already undergone several days of intense negotiations" with Penguins co-Owner and Kings bidder Ron Burkle on the financing of a new arena at the Downtown Plaza. Those talks have "taken place over hours of conference calls involving Dan Barrett, the city's top arena finance consultant; an assistant city manager, and one of Burkle's top lieutenants from his private equity firm, Yucaipa." Shirey said, "We have a very short period of time to do a lot of things." He described the talks with Burkle "as smooth." Shirey said that Burkle's team "had not settled on an exact location within Downtown Plaza for an arena as of Monday night." The city also had "not been told how much the facility was expected to cost." But a source said that the sports and entertainment center "would cost roughly" $400M (SACRAMENTO BEE, 3/13). In Sacramento, Marcos Breton writes under the header, "Sacramento Arena Plan Is A Rush Job." The public is "left on the sidelines, asked to root for a deal devoid of facts and yet facing an up or down vote from the NBA in mere weeks." Shirey has been "tasked with crafting a massive public financing deal in a matter of days -- the kind of plan other cities have taken years to devise" (SACRAMENTO BEE, 3/13).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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