Last week a judge ruled against the lawsuit to place the proposed public subsidy for the new basketballarena before Sacramento voters.
Local media heralded the decision.
But there is another Sacramento arena lawsuit taking place in Sacramento Superior Court. I’ve attended the court proceedings. And I’ve written about it.
The lawsuit accuses city officials of making a secret deal to provide an extra $80 million of public money to help the investors’ group beef up its offer against a well-funded Seattle group that wanted to buy the Kings and move them to Seattle, which lost its NBA team to Oklahoma City in 2008. Plaintiffs’ attorney Patrick Soluri said city officials have committed fraud because they have not fully informed the City Council and the public about details of the deal.
The city subsidy, according to the lawsuit, is actually $338 million — not the $258 million the city claims.
Most other media seem to be ignoring it, or incorrectly reporting the importance of the lawsuit, and allegations of fraud by city officials, and illegal gift of public funds.
This is serious. It’s not about being Kings arena deniers, as… Read More