Support “STOP” Voters should decide on Sacramento’s NBA Arena


On Monday  Sacramento Taxpayers Opposed to Pork (STOP)  begin’s its initiative signature drive with the goal of collecting  33,ooo votes  to force  a public vote on the NBA arena subsidy.    The City has tentatively committed a public investment of 258 million dollars towards a new Arena in downtown plaza.      The city leaders have designed a plan where bulk of the money would come from parking.  Revenue from parking( 9 million dollars) goes into the city’s general fund

Cut and Paste

The 2013 term sheet is very similar to the 2012 term sheet as parking is the centerpiece of both agreements.   On March  23, city leaders completed the term sheet.  On March 26, the mayor and 6 councilpersons approved  the complex 18 page document.  Before the public could view and comment on the multi million dollar project.

The City Say’s the Arena…………

Will generate thousands of jobs.

True, the construction of the Arena will generates a few thousand jobs , the surrounding area will benefit from the employees.  After the project is complete, these jobs will go away.    Recently , the Kings organization hired people in the phone center. According to Fox 40 these jobs paid $8.00 an hour.  Less than In N Out burgers.   

Will generate business for downtown Plaza.

????  If constructed the NBA arena would be the first arena built in an existing shopping center.  Macy’s says they are committed to staying in the Plaza.   The mall currently has 3700 parking spaces owned by the city.   The  arena will eliminate 1000 of those spaces.   The term agreement says another 1000 must be held for premium ticket holders during Kings games.  Shoppers  will compete for parking  spaces during events at the arena. 

The Downtown Arena will a boom for business

Restaurants and other eateries will see an increase when during events at the arena .The majority of arena patrons will dine and shop in the arena.  

Why voters should decide? 

Sacramento has a very fragile budget.    In April, John Shirey, Sacramento’ City Manager said the city will have deficits as far as the eye can see.    Sacramento has nearly $2 billion in unfunded liabilities, which include pension contributions and retiree medical benefits, most of which have no reliable or stable funding source, as well as excessive bond and lease payments on public projects.   No one is using the B word ,but  its a debt that could force the city into Bankruptcy.

The Arena is a 35 year multi million dollar commitment for  the city.    The City of Sacramento plans to Lease the parking garages is extremely fragile and could have a negative effect downtown at it will be necessary to increase parking fees to be profitable.   The projected revenue is overly optimistic.

This month the city will add a 5% surcharge for events at Sleep Train.  Some of the leaders believe  this Surcharge will be significant. enough  to offset shortfalls from the parking revenue.

If there is a shortfall, if the parking plans or surcharge fails to meet expectations,  the money will come from the already fragile general fund.  Resulting in further cuts to city staff  Police, Fire and  essential service.

While Sacramento love their Kings.  Less than 4% of Sacramentians attend King games.

Sacramento Taxpayers Opposed to Pork  (STOP)

Was formed last year. The group opposed a public subsidy to build an arena in the Sacramento.    rail yards.

Misconception

There are some in the city who believe STOP member are against the Sacramento Kings. This couldn’t be further from the truth.    STOP is against public subsidies to billionaire private enterprises.  A belief shared in many communities.

 Basic CityFella

I am a major Kings fan, (5-10 games a year) I’m not an economist.  I do understand basic math.    If I am struggling with my finances, facing a major balloon payment , It wouldn’t make sense to add a long term debt.

Voters in Oklahoma City, San Antonio, Dallas ,Houston and other cities across the country have approved Arenas, Stadiums why not Sacramento?

 Take Control ,join Stop, sign the petition, volunteer, this is your city!   There is a Facebook link to Stop to the right of the page ———->

Link to STOP

http://stoparenasubsidy.com/stoparenasubsidy.com/main.html

Related News

Sacramento is currently the seventh most dangerous city in the state, according to the FBI Sacramento  saw a  20 percent increase in violent crime last year. ( Sacramento has laid off more than 300 policeman due to the city deficit )  The crime rate is higher than  San Francisco, San Jose, Los Angeles, Inglewood and San Diego .

City Population Crime rateDescending
OAKLAND 399,487 19.93 Map it View Details
STOCKTON 299,105 15.48 Map it View Details
RICHMOND 106,357 10.93 Map it View Details
ANTIOCH 105,009 10.17 Map it View Details
MODESTO 204,631 7.77 Map it View Details
VALLEJO 117,912 7.45 Map it View Details
SACRAMENTO 476,557 7.39 Map it View Details
SAN FRANCISCO 820,363 7.04 Map it View Details
INGLEWOOD 111,488 7 Map it View Details
SANTA MARIA 101,207 6.78 Map it View Details
POMONA 151,511 6.74 Map it View Details
SALINAS 154,413 6.65 Map it View Details
LONG BEACH 469,893 5.76 Map it View Details
VICTORVILLE 118,687 5.7 Map it View Details
FRESNO 506,011 5.43 Map it View Details
BAKERSFIELD 355,696 5.42 Map it View Details
LANCASTER 159,155 5.4 Map it View Details
PALMDALE 155,294 5.23 Map it View Details
RIALTO 101,595 5.01 Map it View Details
LOS ANGELES 3,855,122 4.81 Map it View Details
RIVERSIDE 313,532 4.43 Map it View Details
BERKELEY 114,961 4.35 Map it View Details
VISALIA 127,604 4.26 Map it View Details
ESCONDIDO 147,386 4.26 Map it View Details
OCEANSIDE 171,141 4.25 Map it View Details

 

Pension debt could sink River City

http://www.calwatchdog.com/2013/01/09/pension-debt-could-sink-river-city/

Sac city manager predict deficits as far as the eye can see

Read more: http://www.kcra.com/news/local-news/news-sacramento/sacramento-faces-9m-budget-shortfall/-/12969376/19950132/-/p19k6q/-/index.html#ixzz2WtSSklT5

Arena plan puts the ‘king’ in parking

http://www.sacramentopress.com/headline/66669/Arena_plan_puts_the_king_in_parking

 

Did Sacramento Leaders Negotiate the Best Arena Deal For The City? A look at the last 10 NBA Arena Deals

https://sacratomatovillepost.com/2013/06/01/did-sacramento-leaders-negotiate-the-best-arena-deal-for-the-city-a-look-at-10-nba-arena-deals/

Eye on Sacramento Reviews Term Sheet

http://stoparenasubsidy.com/stoparenasubsidy.com/links_files/EyeonSacArena.pdf   

Now that basketball team staying, Sacramento sets sights on new arena

http://www.reuters.com/article/2013/06/01/us-usa-nba-kings-idUSBRE95006720130601

 

How big will Sacramento’s subsidy be for a Kings arena?

 

ttp://www.sacbee.com/2013/05/03/5391700/how-big-will-sacramentos-subsidy.html

Published by CityFella

Moved to the Big Tomata in the nineties from San Francisco. No Suburbs for me with its single colored houses and lawns and the excitement of pulling out my trash can once a week. I'm a CityFella , a part time New Yorker. I'm happiest in the Center City where people the streets and people are alive. I'm still waiting to buy a 34th floor condo somewhere downtown/Midtown with a nightclub. "Hurry I'm old" My politics are somewhere in the middle with a needle that constantly moves. I'm too liberal to be a Republican and too conservative to be a Democrat. Everything interests me . I've come to love Sacratomato, Its a nice town in cheap sensible shoes .

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