MGM Grand and Boyd Enterprises, behind the shield of Taxpayers for the Protection of Nevada Jobs, have filed suit against a citizens group seeking to build a new Las Vegas arena behind Harrah’s, funded with a 0.9 percent hike in the Strip’s sales tax — and there’s some merit to their arguments, if third parties can […]
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New Orleans ownership group emerging
A potential Louisiana-based ownership group for the New Orleans Hornets is emerging, as locals work to keep the NBA franchise in New Orleans Arena despite interest from other cities. The group could include local attoney Morris Bart and current minority owner Gary Chouest, who now says he could up his stake in the team from […]
Jindal swats down talk of state subsidies for Hornets
Louisiana Gov. Bobby Jindal says there’s no way state services will be cut in order to increase state subsidies for the New Orleans Hornets (NBA) and argues the best way to keep the team is for fans to show up so the team can’t leave its lease for three years. Jindal, a Republican politician with […]
Stern confirms NBA takeover of Hornets
NBA Commissioner David Stern made it official today: the NBA will indeed move ahead with a purchase of the New Orleans Hornets from George Shinn and Gary Chouest, giving the league power over where the team ends up. No word on what the NBA is paying (though Stern did say the franchise is worth $300 […]
Nevada Legislature to consider arena sales tax
Proponents of a nine-tenths-of-a-cent sales tax to fund a new arena behind Imperial Palace, just off the Strip, garnered enough signatures in Nevada’s three congressional districts to force the Nevada Legislature to take up the proposal in the upcoming session. The sales tax would be implemented in the general vicinity of the Strip, mostly impacting […]
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Stung by the collapse of talks to bring a new Sacramento Kings arena to the downtown railyards area, the NBA has withdrawn from all arena efforts, presumably paving the way for the Maloofs to move the franchise.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 […]
Goodman to Vegas group: Show me the NBA contract
Las Vegas Mayor Oscar Goodman is openly skeptical about the claim by International Development Management that it has an NBA team “under contract” if a new Clark County arena is built; meanwhile, the NBA denies that any team is eminently moving to Sin City. Goodman, who has worked for years to bring the NBA to […]
Vegas group: We have contract for NBA team if our arena plan is approved
The group seeking to build a major arena on the Strip in Las Vegas now say they have an NBA team under contract — all that’s needed is for Clark County to revive a tax-increment financing mechanism to help fund the facility. Officials from International Development Management LLC say they have an NBA franchise “under […]
Hempstead fails to approve Lighthouse project; will Wang be forced to move Islanders?
The impasse over Charles Wang’s proposal for a large development surrounding Nassau Coliseum has been broken by the town of Hempstead — but Hempstead is essentially vetoing the project, and Wang’s plans to subsidize an arena makeover with development money may finally be dead. The background: New York Islanders (NHL) owner Wang has proposed a […]
