KJ in KHTK Studio today w/Grant

Mike0476

Mike0476

Starter
#5
#5
Quick summary from KJ on Grant's show...

People will be very pleased this Thursday.

Here are some financial options and financing plan before the end of the year.

Arena will be city owned and the Maloofs will be tenants.

Has to be a good investment for public.

3,700 construction jobs & 4,100 jobs total.

He asked residents if they like basketball. If they say no, he asked if they like concerts, Disney on Ice, etc. At some point they say yes so this is more than just about basketball. It's about a quality of life.

David Stern is all in with what's going on in Sacramento (see KJ's column on nba.com).

KJ is on the phone with Stern at least once per week.

"I have a really good feeling about this." - KJ on new arena

There will be no surprises this Thursday, no broad based tax and the people can exhale.

Going to see the right mix of public and private partnership.

KJ believes we will have an NBA season and even if we do not, the lock out will not prevent us from building a new arena.

Commercial break
 
Mike0476

Mike0476

Starter
#7
#7
After commercial.

Q: Why have tax payers pay with all the cuts?

A: Many in public understand why we need public/private partnership. Discussed the $7 billion over 30 years. The public doesn't want something done without their input, talked to region and cities about the arena. 5 guiding principles such as tax payers come first, it's about job, revitalize downtown, we win as a region.

Q: Who makes decision on developers? Is rail yard locked in?

A: Yes, rail yard is locked in. It will be oriented for transit like in Boston and NYC. Taylor/ICON will be picked as the developer of choice (design it, time line, keep it in budget).

Q: Arena in Roseville?

A: Said you already have Westfield Mall (laughs). It will be in rail yards. 2/3 of jobs will be created for the region and 2/3 come from region to the arena for events.

KJ discussed parking situation and how other cities have it with acceptable walking distance (within 1/2 mile). Said there will be plenty of parking within 5 blocks and do not need to build 5 new parking garages which helps with the final price tag as compared to the 2006 price tag.

Q: What happens if the plans works but NBA/Kings don't agree because it will take too long?

A: NBA & Kings know the time line of fall 2015 and it is acceptable. They are very good with that.

It should take 2 years to build arena. Technical work must be done first before a shovel hits the ground and the transit hub will be protected.
 
Mike0476

Mike0476

Starter
#8
#8
Here's another summary:

Here's a highlight for those who can't listen or would rather have a summary. Some of it is stuff we've heard before obviously.

* Thursday will just be a release of a menu of funding options, with a goal of locking up funding by the end of 2011.
* Public owned venue, Maloofs will be tenants only.
* Kevin Johnson stressed that this project would create 4100 jobs (3700 construction), and that keeping the Kings keeps 1000 jobs in place.
* Bigger than Basketball.
* KJ says he talks to David Stern at least once a week and more with the NBA guys in Sacramento. NBA is very much involved in trying to keep the team here.
* Probably won’t be too many if any surprises Thursday. No broad based taxes.
* Grant asks a good question about how it might be more difficult for the Maloofs to spend money on the team since they’ll have less revenue from not being owners and KJ responds that the Maloofs will still get access to the Basketball related revenue and without the overhead cost of owning and operating the arena.
* Grant then asks how missing the 2011-12 season due to lockout might affect the arena project and KJ said it would not impact the process whatsoever.
* KJ wants everything done well ahead of the March 2012 deadline so there is no rushing.
* KJ says a new arena would open up at the latest by 2015.
* Caller asks what the relationship between the city and Taylor/ICON group are and if the location is definitely going to be the railyard. KJ says they are locked in at the Railyard for the Intermodal aspect and that Taylor/ICON will be the development team, with official announcement on that coming next Tuesday.
* 8,000 parking spots in garages within 5 blocks of the railyard site. Not having to build new parking infrastructure will keep the cost down.
* Caller asks if the NBA/Maloofs could back out of a deal, even if its a good deal, if they think its going to take too long. Mayor responds that they’ve told the NBA and Maloofs that they can get done in 2014 at earliest, 2015 at latest (The 2015 date is the one he’s sticking to the most) and that both parties were receptive to that time frame.

http://www.sactownroyalty.com/2011/9/6/2409025/kevin-johnson-talks-to-grant-napear
 
Mike0476

Mike0476

Starter
#13
#13
We need as many people possible to attend the Sacramento Press Club but better yet next week's city council meeting while wearing any kind of Sacramento Kings gear.

I will be there.

I hope many will be there too to show our support. This is not over but it's getting very close to our dreams becoming a reality.
 
Capt. Factorial

Capt. Factorial

trifolium contra tempestatem subrigere certum est
Staff member
#14
#14
Mike0476 said:
We need as many people possible to attend the Sacramento Press Club but better yet next week's city council meeting while wearing any kind of Sacramento Kings gear.

I will be there.

I hope many will be there too to show our support. This is not over but it's getting very close to our dreams becoming a reality.
Click to expand...
Keep us updated - I might be able to make it. Would it be Tuesday for the CC meeting?
 
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