Update: Mayor Kevin Johnson meets with AEG and NBA

The mayor updates progress on the arena project. More

Video: Maloofs talk arena, new CBA, revenue sharing

Joe and Gavin Maloof answer questions about the arena project, the NBA's new collective bargaining agreement and revenue sharing. More

Sacramento businesses willing to pony up significant funds for new arena?

New funding sources are emerging in Sacramento's fight to build a new arena. More

Sacramento City Council votes yes to determine value of parking assets for arena

Sacramento moves forward on a plan to determine the value of its parking for the arena project. More

Magic Johnson to help finance new Sacramento arena?

A former Los Angeles Laker great says he'll help pay for a new arena in Sacramento. More

Stadium, parking and Here We Stay update

Image: Kevin Fippin

The fight to keep the Kings did not end in May with the announcements by David Stern and the Maloof family that they would give Sacramento one more chance to get a new entertainment and sports facility built in the capitol city.  Mayor Kevin Johnson and his team have been busy putting together a financing plan that will hopefully take care of the pesky $387 million cost of a new building.  That plan needs to be in place by March 1, 2012, but the mayor's office has to lay a lot of ground work before a definitive agreement is put into place.

During a December 13th Sacramento City Council meeting, Mayor Johnson is going to roll out a plan to lease 8000+ Downtown Sacramento area parking spaces to a private parking firm and possibly even take the idea to a vote.  Despite recent reports, we've confirmed through our own private sources, that the leasing figure is at least $200-million and possibly more.  In the past, we have talked about parking being the "magic bullet" in this deal, and $200 million of a $387 million stadium deal is exactly that. ... More

Cowbell Clippings: Starring a major hurdle in the arena project (December 2, 2011)

Since the unofficial end to the lockout last weekend, news has hit us fast and rapidly.  With so much information breaking left and right, we're starting a new featured post this season highlighting suggested links on opponents, the league and of course the Kings.
  • Sacramento parking spaces and garages have emerged as a potential game-changer in the battle to build a new arena.  However, new findings reported by the Sacramento Bee's Ryan Lillis, Dale Kasler and Tony Bizjak suggest they may not be as valuable as the city originally hoped. "But with a pivotal City Council decision on the deal scheduled in less than two weeks, city officials say those parking spots may not be as valuable as originally hoped. City Manager John Shirey told The Bee on Thursday that the assessed value of the city's parking facilities is lower than officials' early 'hopes or expectations.' The recent estimates came from financial consultants at Bank of America. Multiple sources familiar with the details of the project told The Bee this week that the city may be able get $200 million – or slightly more – in upfront cash by leasing its parking operations to a private company. That would include 7,200 spaces in garages, 5,500 on-street spaces and parking citation revenue. Shirey would not confirm that figure, but he said the new estimates are lower than originally believed. Officials have never said publicly what their early estimates were."
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With lockout almost over, Sacramento and NBA ramp up arena negotiations

Now that the five-month work stoppage is nearing an end, the NBA is fully reengaging itself in arena talks with the city.  From Rob McAllister of KFBK Radio: “We’d be only kidding ourselves, we knew the commissioner’s plate was full,” said Mayor Kevin Johnson on how talks had been going ... More

Goon Squad Classic weekend meant more than just basketball

Shameless plug alert.  My final thoughts on this past weekend over at SB Nation Bay Area.  A snippet: Following suit with most of the exhibitions played during the lockout, the contest, which took place at an approximately two-thirds-filled-to-capacity UC Davis Pavilion, was more style ... More

Former Kansas City Mayor in Sacramento to talk about Sprint Center’s success

Since opening its doors in 2007, the Sprint Center has provided a major boost to the Kansas City economy.  Kay Barnes, their former mayor, was in Sacramento today explaining just how much it's helped in a public meeting held by the Think Big Sacramento. “We had a bold vision. During a time when ... More