This is Part One of a two-part series.

The unusually speedy approval of a new NBA arena for the Kings basketball team in the heart of downtown Sacramento leaves many details and unanswered questions on the table, including how this arena project possibly will be completed and ready for opening by 2015.

Approved by the Sacramento City Council, the latest plan uses overstated revenue projections, grossly overstated projected attendance numbers and city-owned parking garages to sweeten the finances. As with all of the previous schemes to keep the Sacramento Kings in town in a luxurious arena, neither city officials nor local news… Read More