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Sunday, March 27th, 2011 at 2:10 pm  |  10 responses

Maloofs Shoot Down Latest Sac Arena Proposal

Last week, Fox 40 TV in Sacramento reported they had sensitive details on a new arena proposal to keep the Kings in town. On Friday, the Sacramento Bee reported that two members of the original management group that brought the Kings from Kansas City have been leading the charge.

However, yesterday the Maloofs in a statement said those latest efforts at a Sacramento sports-entertainment complex are not suitable.

“A representative of the Maloofs listened to their plan in depth, but they do not have the financing in place and a renovation of the existing structure is not an adequate solution.”

Anaheim City Council will resume discussions on whether to issue $75 million in bonds that would fund construction on improvements to the Honda Center and cover relocation costs this Tuesday, March 29th.

Maloofs Statement courtesy of the Sac Bee.

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  • http://www.wnbaguy.com Alex

    “a renovation of the existing structure is not an adequate solution” aka Acro Arena, but for Anaheim, “construction on improvements to the Honda Center” is just fine.

    Am I missing something??

  • http://slamonline.com Jonathan Santiago

    ARCO was built before the modern standards of constructing sports arenas were put in place. Buildings like the Honda Center and the U.S. Airways Center in Phoenix were built after. So even though the Honda Center is only 5 years younger, it makes ARCO look ancient because of the standards it was built to.

  • http://www.anaheimroyalty.com Anaheim Royalty

    Too little, too late. Arco has needed improvements for awhile and they knew this could happen if they didn’t. Even the NCAA said they wouldn’t consider going to Sac for March Madness until the arena was improved.

  • Riggs

    maloofs are aloof

  • http://slamonline.com rudy

    I remember when I saw that on the news, like they had some super secret plan b. Oh well, at least they tried. On the bright side, Kings beat the 6ers.

  • Dagger

    So wait: cities (and really, taxpayers) are supposed to absorb all the costs of building a new stadium but none of the direct financial rewards of the team itself? And if they don’t agree to be swindled the team just picks up and leaves? This happens regularly in the NBA but whenever it does I’m just as disgusted.

  • kudos

    The problem with the Kings isn’t with the Arena. It’s the team. They suck and won’t get better until they get better players. Put that on the owners, the Maloofs.

  • http://sfdjklf.com Jukai

    Dagger: hypothetically, the sports arenas in the area is supposed to boost business in the area around it. At least, that’s the idea.

  • http://Slamonline.com Caboose

    Jukai, I’d say that happens to some extent, but the guy who lives out in the suburbs who would still have to pay for the arena wouldn’t see any tangible benefits (aside from, you know, keeping the Kings in town). The Maloofs used to be such great owners- fun, crazy, clever- but now it seems they just want to make this as painful for the city who once loved them as possible.

  • el_larsen

    my comment about the 2002 game 6 (it was fixed by the ref sorry)have been deleted.shame.

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