379 replies to this topic

[benning]

http://espn.go.com/s...adiumnames.html

It says they get $750,000 per year and the lease expires in 2007

[Robert Giacometti]

http://espn.go.com/s...adiumnames.html

It says they get $750,000 per year and the lease expires in 2007

Thanks...interesting information.

Now the big question is does this make Arco more valuable standing or torn down? If the lease for naming rights is up next year....How much more can one get for naming rights above the $750,000 per year now?

If the Kings were to move anywhere else...I just can't see any other city giving the same deal that Sacto is giving because all other existing Arena's probably already have some of these conditions like naming rights and revenue agreements in place so they couldn't give them to the Maloofs.

[benning]

If you check out the list, most of the other basketball arenas are well over twice what Arco gets, so it's safe to say that the new arena would net close to 2 million per year for the Maloof's enterprise. Some of this should be used to build and maintain the stadium...isn't this why we put up with the blatant commercial labels of Arco Arena, Pac Bell park, etc

Very lopsided.

[cw68]

If the Kings were to move anywhere else...I just can't see any other city giving the same deal that Sacto is giving because all other existing Arena's probably already have some of these conditions like naming rights and revenue agreements in place so they couldn't give them to the Maloofs.

I guarantee another city will give the Maloofs a deal this good if not better. If this doesn't pass, the Kings will leave.

This deal just comes down to whether or not you think it's in Sacramento's best interest to have an NBA team and the arena development. If you think it will be good for the Sacramento area, it's a yes. If you don't care if we have the team, the facilities and the redevelopment, it's a no.

[benning]

It actually is possible to have redevelopment and even an active, profitable arena without an NBA team.

I like the Kings, I don't like public money being used to eliminate the risk of private enterprise.

As far as 'the other cities do it' argument, 1) I've not seen any objective financial analysis or opinion polls after the fact on any of these places. Don't you think that the pro-arena people would be able to dig a few of these things up? Instead, they wave their hands and claim that the people who advocate looking closely at the deal and alternatives to it are 'anti revitalization'.
2) Didn't your mother ever tell you 'Just because Suzy jumps off a bridge, does that mean you have to jump off a bridge, too?'

[Chad Vander Veen]

2) Didn't your mother ever tell you 'Just because Suzy jumps off a bridge, does that mean you have to jump off a bridge, too?'

Yes, but in this case, I think you and Robert are Suzy.

[cw68]

It actually is possible to have redevelopment and even an active, profitable arena without an NBA team.

I like the Kings, I don't like public money being used to eliminate the risk of private enterprise.

As far as 'the other cities do it' argument, 1) I've not seen any objective financial analysis or opinion polls after the fact on any of these places. Don't you think that the pro-arena people would be able to dig a few of these things up? Instead, they wave their hands and claim that the people who advocate looking closely at the deal and alternatives to it are 'anti revitalization'.
2) Didn't your mother ever tell you 'Just because Suzy jumps off a bridge, does that mean you have to jump off a bridge, too?'

Sure it's possible, but it's not going to happen for a long time, if ever. If we can't build a new arena for a professional team that calls Sacramento home, it's not going to get built just so we can have a venue for a monster truck rally.

You want proof that arena revitalize areas? Go walk around Denver or SOMA. That's proof enough for me. I was in SF when Pac Bell opened and worked very close to it. I've seen first-hand what it did to that area, and the areas around it. I've also seen what the new Milwaukee arena has done for Milwaukee. Nothing, and that's because of location. Good enough for me.

I'm not jumping off of any bridge. I believe that the arena needs to happen and that it's in Sacramento and the surrounding region's best interest to have the Kings here with an arena in the railyards. I wish this would have passed years ago. I'm sick of Sacramento, especially the downtown area, being a third-class City and I believe that this is the right thing at the right time. For at least a decade, we will not get a better chance to make Sacramento come of age. That makes life more enjoyable for me and I believe that it makes this region more attractive for business and residents alike.

Chad's viewpoint of who's jumping off of a bridge makes more sense to me.

[Robert Giacometti]

I guarantee another city will give the Maloofs a deal this good if not better. If this doesn't pass, the Kings will leave.

This deal just comes down to whether or not you think it's in Sacramento's best interest to have an NBA team and the arena development. If you think it will be good for the Sacramento area, it's a yes. If you don't care if we have the team, the facilities and the redevelopment, it's a no.

Cw68,

Look at this logically, where is there an Arena that has the availablity of giving away the naming rights to the Maloofs. Where is there an Arena that doesn't have OTHER pro sports teams or other venues already booked that they could give away ALL revenue from ALL events to the Maloofs? There aren't any so who is going to offer the same or better deal that you are guaranteeing?

This is the Best deal for any owner of any NBA franchise period!

If this ballot measure fails...no other city is going to have offer a better deal.....BECAUSE THERE WOULD BE NO ARENA. IF this ballot measure passes then the Maloofs can then shop THIS DEAL around to see if any other city wants to beat it.

The reality is there is a very good possibility that its going to take more time to even aquire the land to build a downtown Arena and a very strong possibility that its going to take more time to clean up all the environmnetal issues before anything can proceed. IF this measure passes....the probablity of it going into court and being ruled illegal as defined by proposition 218, is very real. Everyone of us has sort acknowledged this is a ballot measure to raise taxes to build an Arena...which requires a 2/3 majority vote....not the end run games these politicians are playing. When this election gets invalidated.....will that get us closer or further from accomplishing what you want?

In life choosing the wrong path to get you to your destination seldom gets you there!

[Chad Vander Veen]

This is the Best deal for any owner of any NBA franchise period!

If this ballot measure fails...no other city is going to have offer a better deal.....BECAUSE THERE WOULD BE NO ARENA.

**sigh**

Wrong.

Kansas City builds new arena, but needs a team

[cw68]

Cw68,

Look at this logically, where is there an Arena that has the availablity of giving away the naming rights to the Maloofs. Where is there an Arena that doesn't have OTHER pro sports teams or other venues already booked that they could give away ALL revenue from ALL events to the Maloofs? There aren't any so who is going to offer the same or better deal that you are guaranteeing?

This is the Best deal for any owner of any NBA franchise period!

If this ballot measure fails...no other city is going to have offer a better deal.....BECAUSE THERE WOULD BE NO ARENA. IF this ballot measure passes then the Maloofs can then shop THIS DEAL around to see if any other city wants to beat it.

The reality is there is a very good possibility that its going to take more time to even aquire the land to build a downtown Arena and a very strong possibility that its going to take more time to clean up all the environmnetal issues before anything can proceed. IF this measure passes....the probablity of it going into court and being ruled illegal as defined by proposition 218, is very real. Everyone of us has sort acknowledged this is a ballot measure to raise taxes to build an Arena...which requires a 2/3 majority vote....not the end run games these politicians are playing. When this election gets invalidated.....will that get us closer or further from accomplishing what you want?

In life choosing the wrong path to get you to your destination seldom gets you there!

Listen Robert, you are not going to change my mind on this issue. There is a theortically perfect world and there is reality. This isn't the best deal, in theory, that could be made, but it's the best chance we are going to get. But, the majority of Sacramentans won't pull their heads out of the sand and, at this rate, this measure will not pass. IMHO, it's a shame.

And Chad's right, KC is primed and waiting. Sacramento is going to miss the boat. We shall forever remain a third-rate cow town that just happens to hold the State Capitol.

[Robert Giacometti]

**sigh**

Wrong.

Kansas City builds new arena, but needs a team

Cv,

What is the name on the Arena....SPRINT. I guess the generous folks of KC are willing to allow the name for nothing. Didn't they partner with a mangement company who paid $50 million to manage the Arena? How are the Maloofs going to get all the revenue at KC with management company in place already doing that?

Again, Show me an Arena that has naming rights availble for the Maloofs or is completely empty that is willing to give up all revenue for all events?

Thanks for illustrating what I have been trying to say! The Maloofs WON'T get this deal anywhere else!

[Chad Vander Veen]

Cv,

What is the name on the Arena....SPRINT. I guess the generous folks of KC are willing to allow the name for nothing. Didn't they partner with a mangement company who paid $50 million to manage the Arena? How are the Maloofs going to get all the revenue at KC with management company in place already doing that?

Again, Show me an Arena that has naming rights availble for the Maloofs or is completely empty that is willing to give up all revenue for all events?

Thanks for illustrating what I have been trying to say! The Maloofs WON'T get this deal anywhere else!

I think you are inventing a point that a) doesn't exist and/or b) doesn't make any sense at all. WTF is the point of whether an arena has a naming rights contract already? Anytime a team moves to another arena, a contract is negotiated between all parties.

No, the Maloofs may not get this same deal anywhere else, but they will get SOME deal somewhere else, which - if you people manage to defeat this thing - is exactly what will happen.

[Robert Giacometti]

I think you are inventing a point that a) doesn't exist and/or b) doesn't make any sense at all. WTF is the point of whether an arena has a naming rights contract already? Anytime a team moves to another arena, a contract is negotiated between all parties.

No, the Maloofs may not get this same deal anywhere else, but they will get SOME deal somewhere else, which - if you people manage to defeat this thing - is exactly what will happen.

Cv,

I was responding to Cw68's guarantee that the Maloofs will get the same or better deal somewhere else. I agree with you in that if they do move somewhere else....there will be incentives offered for them to move. The incentives WON'T be as generous as Sacramento is offering and there are other factors for the Maloofs to consider before moving.

If this measure passes its going to get overturned in court because of Proposition 218, then where will you be?

The sad truth is Sacramento isn't ready for a downtown Arena yet. Yes they want one and Yes, I agree it will help downtown.....but you have to admit this was a last minute deal thrown together to meet a deadline to get it on the ballot. When things are rushed this way, there are details missed and there is NO way the general public will jump on board without the benefit of participating in the negotiations. To get citizens support to raise taxes you need to get them involved in the process and get them to buy into the deal.....to become a stakeholder. This never happened!

This measure will fail by a large margin....you can blame me if you want....I've been accused of worse....but it is the POLITICIANS on the BOS and SACTO who have failed the citizens.

When you get some progressive leadership in place is when we will get results!

[Chad Vander Veen]

Cv,

I was responding to Cw68's guarantee that the Maloofs will get the same or better deal somewhere else. I agree with you in that if they do move somewhere else....there will be incentives offered for them to move. The incentives WON'T be as generous as Sacramento is offering and there are other factors for the Maloofs to consider before moving.

If this measure passes its going to get overturned in court because of Proposition 218, then where will you be?

The sad truth is Sacramento isn't ready for a downtown Arena yet. Yes they want one and Yes, I agree it will help downtown.....but you have to admit this was a last minute deal thrown together to meet a deadline to get it on the ballot. When things are rushed this way, there are details missed and there is NO way the general public will jump on board without the benefit of participating in the negotiations. To get citizens support to raise taxes you need to get them involved in the process and get them to buy into the deal.....to become a stakeholder. This never happened!

This measure will fail by a large margin....you can blame me if you want....I've been accused of worse....but it is the POLITICIANS on the BOS and SACTO who have failed the citizens.

When you get some progressive leadership in place is when we will get results!

So vote yes and we'll deal with the legal challenges when/if they arise.

[benning]

Sure it's possible, but it's not going to happen for a long time, if ever. If we can't build a new arena for a professional team that calls Sacramento home, it's not going to get built just so we can have a venue for a monster truck rally.
You want proof that arena revitalize areas? Go walk around Denver or SOMA. That's proof enough for me. I was in SF when Pac Bell opened and worked very close to it. I've seen first-hand what it did to that area, and the areas around it.
Chad's viewpoint of who's jumping off of a bridge makes more sense to me.

Hey now, doesn't it disturb you a little that you're arguing against me and for Chad?

It has to happen once in a while, if only to prove us free thinkers are just that...

I don't need proof that arenas can help to revitalize areas. I know they do. The thing I want to see 1)has it been done privately sucessfully (YES) and in 2)areas where they're heavily subsidized, is the real subsidy amount documented and do the pundits and the people still fell ok or do they feel a little raped while enjoying their vibrant community with the perfect quotent of Starbucks, Borders and sports team memorabilia stores

Usually the bridge jumpers and those that follow are the ones who are taking 'leaps of faith' without all the facts. The cautious ones are the nerds with the calculators assessing risk vs reward. (me and Robert)

How can you say we're afraid of change yet say we're bridge jumpers???