Cubs' Ownership Sales Support Wrigley Renovations Sources: Rays' Frankel Bidding On Hawks Heat Could Face Steeper Rent For Adjacent Lot Wizards' Season Tickets Going Up In Cost Seattle Mayor Ready To Fast-Track Arena Padres Ownership Excited Fans Are Re-Energized City Pushes NBA Kings For Redevelopment Plan Liberty Media Has No Plans Of Selling Braves Warriors' Lacob In It For The Long Haul Steinbrenner Refutes Claims Of Yanks Being Cheap
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SBD/May 31, 2013/Franchises
Chris Hansen Suggests He May Not Have Pursued NBA Kings Bid In Hindsight
Published May 31, 2013
BUILT FOR A KING: In Sacramento, Arns & van der Meer report the Kings, despite "obstacles and risks," will "move quickly" to build a $447M sports and entertainment center once the NBA formally approves the team’s sale, likely by month’s end. The project, financed in part with $258M in public money, is "expected to include retail, residential, office and other components that many hope will revitalize Sacramento’s stagnant downtown." The question is whether the city can "leverage the new arena into real, tangible economic growth." But economists speculate that if done correctly, Sacramento's arena project could "completely change the city over the next decade" (SACRAMENTO BUSINESS JOURNAL, 5/24 issue). Also in Sacramento, Bizjak & Lillis in a front-page piece report local group Sacramento Taxpayers Opposed to Pork is "launching an underdog campaign of its own" to challenge the team's plan to build a new arena. The group "took steps this week to launch a petition drive for a public vote on the arena financing plan." The group's "network of backers is small, relying on Facebook messages and fundraising drives in a midtown garden to generate support and money." The group "aims to force the city to schedule a special election" (SACRAMENTO BEE, 5/31).