
Arena Politics — Sacramento Style
A new arena for the Kings has been the top issue in the Sacramento region for the better part of two years.
There is no desire from the community to have an arena funded with any taxpayer dollars, Sacramento doesn’t have the corporate base to fund the building of a new arena and Mayor Fargo along with the City’s leadership are so backwater that they couldn’t cut a deal if it was handed to them — which it was 6 months ago.
Some large land owners were asking the city to expedite the entitlements on property that is sure to be developed in the future. In exchange, the property owners would put up money from the profits to build a new arena at a to-be-determined location.
The city’s leadership failed to bring the parties together quickly enough, so a couple of land owners backed out of the deal at the last minute.
My crystal ball shows that it is extremely unlikely that an arena deal will get done in… Read More