The effort to bring the Sacramento Kings to a new Seattle arena hit the wall after the NBA approved the sale of the team to a group working to keep the team in California. (more…)
Tag Archives | george maloof
Sacramento fights for Kings; Seattle arena advances
[author ]Kevin Reichard is publisher of Arena Digest.[/author]Sacramento Mayor Kevin Johnson says he’s got 10,000 commitments for season tickets, $50 million in sponsorship money and a $448 million downtown arena plan — but it may be too little, too late, as a Seattle group already owns 7 percent of the NBA’s Sacramento Kings. Johnson has […]
Kings to share financials for arena research
The NBA’s Sacramento Kings will share financial data with a city-commissioned group seeking to put together a financing plan for a new arena, another piece of the puzzle in the funding formula. ICON Venue Group and a local developer are working on an arena financing plan, and one big chunk of the equation will be […]
Kings to stay in Sacramento for ’11-’12
The Sacramento Kings are staying in Sacramento and Power Balance Pavilion for at least one more season, as David Stern and other NBA officials persuaded the Maloofs to give the city until March 1, 2012, to come up with a new-arena plan. The decision was made over the weekend and announced today, just before a […]
With Kings eying Anaheim, Johnson vows to continue arena quest
With the Maloofs closer to committing to a move of the Sacramento Kings (NBA) to Anaheim for the 2011-2012 season, Sacramento Mayor Kevin Johnson says his community will continue the fight for a new arena. Commissioner David Stern comfirmed there were talks to move the Kings to Honda Center next season. No surprise: with no […]
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 […]
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 […]
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 […]
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 […]
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 […]
Consultant: It makes no sense to move Cal Expo as part of arena project
A complicated three-way land swap involving Cal Expo, the city of Sacramento and Arco Arena is on life support after a respected consultant concludes that the swap wouldn’t benefit the Expo on any level. The proposal calls for the Cal Expo to move to the current Arco Arena site and reuse the arena as an […]
Maloof: We’re not looking at move to Seattle
A meeting between Sacramento Kings owner George Maloof and former Seattle Sonics GM Wally Walker had tongues wagging about a possible move of the Kings to the Key City, but Maloof says nothing is afoot. Perhaps, but we’re not so sure. The topic of the meeting was the difficulties the final Sonics owners had in […]
