News of Seattle investor Chris Hansen’s involvement in STOP, a Sacramento grassroots campaign against the arena public subsidy, may be backfiring.
The answer is now in black and white. Chris Hansen’s name is written on overdue campaign-disclosure statements showing he’s paid $100,000.
The Fair Political Practice Commission filed a lawsuit Thursday afternoon to reveal who is funding the efforts to stop the downtown Sacramento Kings arena.
The Maloof saga appears to not be over as a complaint filed with a state political watchdog has led to the discovery the family’s attorney is funding an effort to stop construction of a new arena.
The owner of a Macy’s building in the Downtown Plaza where the arena is proposed to be built isn’t willing to sell the space. In fact, the owner isn’t letting an appraiser on the property. Now the team’s is asking Sacramento city leaders to flex their negotiating muscles.
It’s a whole different ballgame, with a scoreboard that’s political paperwork—campaign disclosure statements that are supposed to show political contributions and spending.
Turner Construction’s resume includes a long list of high-profile sports projects including the current 49ers’ stadium, the New York Knicks’ and Rangers’ Madison Square Garden, and the Detroit Tigers’ Comerica Park.
The Maloofs and a Sacramento group have reached an agreement to sell the Sacramento Kings for $535 million.
Whether or not the Sacramento Kings stay in town, the site of Sleep Train Arena will be looking for a new tenant.
While the NBA still can’t decide on what to do with the Sacramento Kings, the new owner of the Downtown Mall is committed to a planned arena.
Expected to be released Thursday, the term sheet for the financing of a new downtown Kings arena has been delayed.
A term sheet for the plan to build a downtown Sacramento arena is expected to be revealed Thursday and spell out where the possible Kings arena will be built and how it will be paid for.
New renderings of the possible future home for the Sacramento Kings, designed by AECOM, have been released by the mayor’s investor group fighting to keep the team from moving to Seattle.
Artist renderings showing what the new arena may look like.