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OT Sacramento CA hotels considering "taxing themselves" to pay for NBA arena

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01-20-2012, 07:08 PM
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LadyStanley
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OT Sacramento CA hotels considering "taxing themselves" to pay for NBA arena

http://www.sacbee.com/2012/01/20/420...#mi_rss=Sports

Quote:
Mike Testa of the Sacramento Convention and Visitors Bureau said hotel executives are talking about a 2 to 3 percent assessment on guests' bills. Some of the money would go to boosting the bureau's marketing budget, which has been depleted in recent years. The rest, as much as $1 million a year, would go to the new arena, he said.

The hotels' contribution would make up a relatively small part of the arena financing package. City officials are counting on a plan to partially privatize city-owned parking places to raise roughly half of the $387 million needed to build an arena. In any event, city officials are trying to put a financing plan in place by the March 1 deadline set by the NBA, or risk having the Sacramento Kings leave town.

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01-20-2012, 07:23 PM
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Fehr Time*
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"Taxing themselves" is a bit misleading is it not? Taxing the customers would be more accurate. At least that's what I got out of the article.

Where would the Kings go if they did not build a new arena for them? Just how old is the current 'old' arena anyways?

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01-20-2012, 07:50 PM
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Quote:
Originally Posted by Fehr Time View Post
Where would the Kings go if they did not build a new arena for them?
Probably Anaheim. They came very close to moving there last year.
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Originally Posted by Fehr Time View Post
Just how old is the current 'old' arena anyways?
24 years.

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01-20-2012, 07:51 PM
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AdmiralsFan24
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Quote:
Originally Posted by Fehr Time View Post
"Taxing themselves" is a bit misleading is it not? Taxing the customers would be more accurate. At least that's what I got out of the article.

Where would the Kings go if they did not build a new arena for them? Just how old is the current 'old' arena anyways?
Current arena was built in 1988.

As far as them moving. They were going to move to Anaheim this past spring. Louisville, Kansas City, maybe Vancouver, maybe Las Vegas.

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01-20-2012, 08:51 PM
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kdb209
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Quote:
Originally Posted by AdmiralsFan24 View Post
Current arena was built in 1988.

As far as them moving. They were going to move to Anaheim this past spring. Louisville, Kansas City, maybe Vancouver, maybe Las Vegas.
In the past they've also had talks with San Jose.

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