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And what a dud yesterday NEXUS report presentation was. The Bee calls it which is an interesting word for GOTS NOTHIN' for there was absolutely NOT ONE SCINTILLA of new financial information presented, all previously trial ballooned and flopped proposals, including non tax taxes probably subject to Prop 26 vote but masked as fees', and the largest single land selloff by the city in its history. This arena project has been one big. MORE
banks won finance it, to an engine report that merely labels $7 billion bucks of benefit which in reality is the same probable discretionary spending that would occur anyway, to a touting popular support for the project that was not only insufficiently randomized, but also asked questions to secure favorable responses from those surveyed And now THIS little bit of NEXUS fakery There simply is no there, in this report, though it does indeed, as usual, as all things KJ does, contain lots of pretty pictures and spiffy graphics, and not one WHIT of actual, vetted, or audited, revenue information NONE And THIS is why Sacramento should back a $400 million (with probable cost escalators, btw, especially given Taylor omissions of utility and parking infrastructure, and now ULI recommended subterranean construction and additional land to support dual use of the arena site for both the ORIGINAL Intermodal hub use AND an arena totalling about another $400 million bucks)all for the purpose of meeting the footstomping demands of the Maloof while providing corporate welfare to KJ backers??? NO THANK YOU!!! LESS
Take the New York Islanders (actually, people in Quebec City wish they could). The hockey team now has an official Islanders tattoo provider. That might work well in Sacto to. Sactown has enough tattoo shops and well sleeved bros to rival Long Island and they probably wouldn mind paying a little Mens Lacoste Shorts
Mayor Kevin Johnson new arena financing plan is a complicated menage a trois (is there any other kind?) that involves three different sources of money to pay for the Sacramento arena. And still, cash for other parts of the downtown arena project are unknown.
Meanwhile, the Sacramento area and the Kings have been taking some body shots worthy of Bill Lambier this summer. and Canada. ESPN looked at such things as ownership (121 out of 122), titles (119), affordability (94) and stadium experience (118). The American Business Journal also rated the Sacramento Kings as the hardest team to root for. More recently, the Sports Business Journal rated West Sacramento a middling 107 among 241 American cities with minor league teams, below Stockton (75) and the top market, Harrisburg Hershey, Pennsylvania. The Sports Biz Journal looked at such things as the local economy and attendance. Perhaps they should factor in shirtless guys on bikes got those
So, retracting previous comments about $8 beers, Purple Drank now suggests those kind of wallet gouges don go far enough. With Think Big/KJ Nexus Report now including surcharges for such things as hot dogs, perhaps it time to think creatively outside the box, or the arena, to find the rest of the needed money.
Or perhaps a state worker surcharge? Sacto has plenty of them, and those sneaky bureaucrats have such old school frills as health care, job security and pensions. According to SF Gate, the 49ers have raised only $250 million of the roughly $1 billion needed to raise the proposed stadium in venture capital happy Silicon Valley. Additionally, a study also found that the team underestimates how many people will drive to games, and oversells access to mass transits, and availalble parking.
Or how about a politician f bomb surcharge, call it say, the BonniePannel tax. Anytime a politico uses a bad word, and given the dismal economic news lately they surely will, they have to put money in the jar.
extra, call it a Bro tax, for some official Kings ink.
Archives for the Month of September 2011
And what a dud yesterday NEXUS report presentation was. The Bee calls it which is an interesting word for GOTS NOTHIN' for there was absolutely NOT ONE SCINTILLA of new financial information presented, all previously trial ballooned and flopped proposals, including non tax taxes probably subject to Prop 26 vote but masked as fees', and the largest single land selloff by the city in its history. This arena project has been one big fat lie after another, from David Taylor report, which omitted so much information that it remains UNfeasible, particularly when Polo Shirts Embroidery Melbourne
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the Kings have been less cocky, and let hope that Hv Polo Clothing Sale carries over to practical plans for the arena and realistic plans for parking. At the community forum at the Amtrak Station last month, the front office seemed to have inhaled some of the pot smoke from the Cesar Chavez Park team pep rally last spring. The team said surrounding streets/light rail/ K Street Mall/bikes can handle any parking needs, which makes sense if the bulk of their future fans consist of those shirtless guys riding around downtown sidewalks on bikes.
And, as a throw away, why a cell phone tower for the arena and not solar panels? They would dovetail with Kevin Johnson Valley vision, which seems to have gotten a little cloudy lately.
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