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Sacramento to discuss parking leases with 11 suitors

Sacramento will negotiate a potential lease of parking spaces with 11 suitors — with the proceeds being a cornerstone of a funding plan for a new Sacramento Kings (NBA) arena. The city is under the gun to show the NBA and the Kings a viable arena-financing plan before a March 1 deadline. A key part of the $400-million plan is ... Read More »

Kings’ arena quest coming down to the wire

An attempt to keep the Sacramento Kings (NBA) in town is coming down to the wire, as a $400-million financing plan is due at the end of the month. Mayor Kevin Johnson has been leading the push for a funding plan, which is still not finalized. A key part of the plan calls for the lease of parking spots in ... Read More »

NBA relo committee heads to Sacramento

Faced with the decision of whether to let the Sacramento Kings move to Anaheim, the NBA‘s relocation committee is heading to Sacramento Thursday to determine whether the market is really capable of supporting pro basketball. At issue: Sacramento Mayor Kevin Johnson says he’s lined up pledges for $7 million in new sponsorships from local businesses. Of course, any business can ... Read More »

Kings: From boom to bust

At one time the Sacramento Kings (NBA) was a high-flying franchise, with a large payroll and crammed crowds at Arco Arena. Today, the team is on the verge of a move after suffering through troubled times in a small market. What happened? The recession and a league with very limited revenue sharing. There are plenty of financial issues with the ... Read More »

Four Sacramento arena proposals on the table — and all with holes

Sacramento is desperately working to come up with a new-arena plan in an attempt to keep the NBA‘s Kings in town, but huge issues remain with all four developer proposals. The biggest problem: funding gaps with all four. Three proposals call for a new downtown arena and one for the North Natomas neighborhood where Arco Arena currently stands. We’re sure ... Read More »

Maloofs sell naming rights to arena; admit to looking at moving NBA’s Kings

Things are certainly up in the air in Sacramento, where the Maloofs now openly admit to looking at alternative homes for the Sacramento Kings (NBA) despite efforts from city leaders once again to find an arena solution; meanwhile, Arco Arena will be known as Power Balance Pavilion. First, the arena news. The Kings have been on the hunt for a ... Read More »

Johnson: We’ll take another run at new Kings arena

With a proposed new arena at the Cal Expo site now totally dead, Sacramento Mayor Kevin Johnson wants to see a new set of proposals for a new Sacramento Kings (NBA) facility. It’s not as though there are any plans floating around out there: tying a larger sports facility to a development is too speculative for most developers (and lenders) ... Read More »

NBA: We’re done with Sacramento arena efforts

Stung by the collapse of talks to bring a new Sacramento Kings arena to the downtown railyards area, the NBA has withdrawn from all arena efforts, presumably paving the way for the Maloofs to move the franchise. Sacramento has always been an interesting market for the NBA: not quite major-league in size and in some ways in the universe of ... Read More »

Cal Expo rejects Kings arena plan

The Cal Expo board strongly rejected a plan to move operations to the Arco Arena area, scuttling plans to participate in a three-way land swap that would yield a new downtown arena for the Sacramento Kings (NBA). The plan would have had the Cal Expo move to Arco Arena. The current Cal Expo site would be sold to a developer; ... Read More »

Arco name to come off Kings’ arena

Arco Arena will be no more, as the 25-year naming-rights deal to the home of the Sacramento Kings (NBA) will expire in February and the name will come off the arena at the end of the upcoming NBA season. Arco Oil Company, a subsidiary of BP, bought the naming rights 25 years ago. At the time it was a major ... Read More »

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