Here are two stadium stories of potential interest. The arena deal for the NBA's Kings is discussed in this Sacramento Bee story, which focuses mostly on the quarter of a million dollars the city has paid to consultants. Reader Mike Marshall notes that the new deal is now buried inside a general tax referendum, which requires only 50% + 1 vote to pass, rather than the 2/3 super-majority required for a specific tax hike. Here is the Bee's summary of the deal's details (buried at the bottom of the article):
Proposal: $1.2 billion measure funded by a Sacramento County quarter-cent sales tax.
Breakdown of funds: $470 million to $542 million for arena and parking structure; minimum of $594 million for unspecified community projects.
Arena ownership: Public joint powers authority created to build the arena would own the facility, oversee the building's design and construction, and be responsible for cost overruns.
From the Kings' owners: Lump-sum payoff of an outstanding $71 million loan; sign 30-year lease, pay $4 million annually; $20 million repair fund.
Kings' responsibilities: Maloofs would maintain the building and keep proceeds from events, parking and concessions. They would control naming rights for the new facility, which would anchor a planned sports and entertainment district in the downtown railyard.
On the Nov. 7 ballot: Requires approval by 50 percent plus one voter -- a simple majority.
If I understand the sequence and strategy right, city leaders came to believe that the original plan to finance and spend about $600 million on an arena was unlikely to pass muster with voters. So in response, they are going to spend another $600 million on "unspecified projects" and make everyone pay. This in order to cross the threshold at the voting booth. This struggle might be worth watching in the next couple of months.
Across the country in Orlando, those who control the out-dated structure that is the Citrus Bowl are trying to devise a fixer-upper plan. Now that UCF has moved its games to an on-campus facility, the Citrus Bowl's football business is limited to three college games per year. Is that worth a $250 million spruce-up? Apparently not. The question now is whether a $195 million plan will fly.