4 results for tag: Nexus Report
KFBK reporter Rob McAllister joins us on this week's podcast and discusses Think Big Sacramento's unveiling of the Nexus Report.Highlights
- Parking may play a major factor in paying for the proposed entertainment-and-sports complex. McAllister: "It'll be interesting to see what kind of rate will be negotiated and what kind of company would want to take that on, knowing that they would have put up a big chunk of money up front. And these days, are there are lot of parking operating companies that have that kind of cash? I just don't know. I think we'll have to wait and see who's in line to do that."
- EB-5 is a creative and little-known option Think Big has put on the table. But it's also controversial. Why? "During the late 90s and early 2000s, it was just a way for basically (immigrant) investors to get in (the country), they could kind of bypass a lot of things and these projects would fall apart. They weren't managed correctly. It was just really a lack of oversight." McAllister adds "It's not a perfect system, but I think they've (the feds) gotten a little bit better handle on it in the last few years than the previous 20 that it was operating."
- Out of all the funding options presented, McAllister thinks parking and land sales could be the top moneymakers. But he also adds "...hopefully the (real estate) market rebounds. Sacramento's real estate is very poor. It's one of the worst in the state and the country. This is not the time you want to be selling property. This is the time you'd want to buy."
Nexus Report as a very positive step toward the goal of a new entertainment and sports complex that will bring substantial economic benefits to the entire region and we hope will enable the team to continue playing in ... More
Nexus Report at today's Sacramento Press Club luncheon, speakers took questions. Sacramento Mayor Kevin Johnson was asked by Press Club President Rich Ehisen on the Maloofs' involvement in the process. I think that...I have to be very fair to the Maloofs. I ... More
Nexus Report to the Sacramento Press Club. You can read the entire report here (PDF format). In summation, the report suggests that the development costs be divvied up three ways between private entities (the NBA, the Kings and an arena operator), ... More