Bulls, Blackhawks To Build Office Complex Seattle Mayor Doubtful About NBA Chances NBA Valuations Skyrocket Mayor Backs Blackhawks' Proposed Practice Facility NBA Signs Up Kaiser Permanente, H&R Block Margaret Court Arena Draws Rave Reviews Clippers' Zucker Profiled As A Top Female Exec Facility Notes NBAers Using Their Brand For Social Causes Mets To Install Upgraded Center-Field Scoreboard
Upcoming Conferences and Events
SBD/January 13, 2014/Facilities
NBA Kings' Arena Deal Could Make Team One Of Sacramento's Biggest Land Owners
Published January 13, 2014
SOMETHING SHADY? In Sacramento, Marcos Breton wrote, "Did you hear about the 'secret deal' between the city of Sacramento and the Kings? It's supposedly a backroom, off-the-books, under-the-radar, 'sweetener' that was cooked up secretly between city officials and Kings owners." The deal would "secretly provide hidden subsidies from the city to the Kings for the purpose of secretly making the Kings owners financially whole for 'overpaying' to buy one of the worst franchises in the NBA." Sacramento City Council member Kevin McCarty is the "source of this secret information," and is "potentially undermining the legal position of his own city." A Sacramento Superior Court Judge "could rule that McCarty can be deposed by ... a lawyer suing the city for allegedly concealing details" in the proposed downtown arena deal. McCarty has had a "clear path to standing up and being the most legitimate voice against the city's efforts" to finance the $448M arena with a $258M subsidy. Besides his "'no' votes on the arena, many opportunities afforded McCarty to be a stand-up guy have been followed by a big 'no comment.'” Breton: "Why? Because a stand-up person taking on the arena subsidy would have to oppose business, labor, a majority of the City Council, the Sacramento-based leader of the state Senate and many in the public." The "prospect that McCarty was driven by his opposition to help gin up a lawsuit against the city takes being a political weasel to a whole different level" (SACRAMENTO BEE, 1/12).