City council meetings can be dull, but the Sacramento City Council meeting on Tuesday to decide if the Kings should go forward with a key element of their plan to secure a new Entertainment and Sports Complex (ESC) was anything but.
The plight of Kings fans, who came within an inch of losing their only major professional sports team, may be coming to a crossroads today, when the Think Big Sacramento coalition led by mayor Kevin Johnson releases their arena funding proposal to the public.
We don’t know the specifics of how the city of Sacramento plans to pay for the proposed $387 million Entertainment and Sports Complex (ESC), but we do know when they plan to announce those plans.
While the NBA stumbles all over itself trying to divide up a multi-billion dollar pie, the folks in Sacramento are making moves to put their own pie into the oven.
Jimmer Fredette, the most talked about player in this year’s NBA draft, was selected No. 10 overall by the Sacramento Kings on Thursday. 30 minutes later, the Kings had a splash page with his likeness up ready to sell tickets on their website.
The Sacramento Kings arena saga took an interesting turn on Wednesday when it was announced that the Maloof family had given up majority ownership of the Palms Casino after a “recapitalization agreement” with their main creditors, TPG Capital and Leonard Green and Partners.
