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-   -   New arena legal battle continues (http://www.insidehoops.com/forum/showthread.php?t=292428)

insidehoops 03-04-2013 06:37 PM

New arena legal battle continues
 
The Seattle labor union lawsuit against a plan to build an arena south of that city's downtown is headed back to court - adding at least a bit of renewed uncertainty to Seattle's efforts to buy the Sacramento Kings.

An attorney for the Seattle International Longshore and Warehouse Union Local 19 said today he will file an appeal tomorrow of a judge's Feb. 22 ruling that nullified the anti-arena lawsuit out.

The union opposes the plan for an arena in an industrial and port area, fearing it will eliminated jobs and industries in that area. It contends in its lawsuit that the city of Seattle and King County unlawfully committed to a plan to build the arena at that site prior to studying alternative sites. The suit seeks to nullify the arena financing "memorandum of understanding" between city, county and the private group, led by hedge fund manager Chris Hansen.

-- Sacramento Bee

insidehoops 03-07-2013 07:34 PM

Re: New arena legal battle continues
 
The public relations campaign to keep the Kings in town continued today with a blast from the franchise's past.

Former Kings star Mitch Richmond greeted a few dozen fans at midtown's Firestone Public House, signing posters and hats. Richmond has pledged $1 million to be part of a local ownership contingent seeking to block the Kings' move to Seattle.

"It would be a sad day if the Kings leave this community," Richmond said. "I know Seattle is a good place, I think Seattle's team (the Sonics) should have never left. But we want our team here."

-- Sacramento Bee

insidehoops 03-09-2013 05:41 PM

Re: New arena legal battle continues
 
Last week, a triumphant Sacramento Mayor Kevin Johnson announced a potential Kings purchase group had submitted a fair and competitive offer to keep the team in town. Friday night, NBA Commissioner David Stern said no, not quite.

Speaking to the news media before a Golden State Warriors game in Oakland, the commissioner delivered a bombshell, saying a Sacramento group's counteroffer to buy the team does not measure up in dollars to a tentative deal the Kings recently signed with a group that hopes to move the team to Seattle.

"The counter bid has got very strong financial people behind it, but it is not quite there in comparison to the Seattle bid," Stern said. "There is a substantial variance."

-- Sacramento Bee

insidehoops 03-11-2013 04:43 AM

Re: New arena legal battle continues
 
Sacramento has less than six weeks to convince the NBA that the Kings are better off not moving to a larger, wealthier city where investors have made a more generous offer to buy the team.

As its fight with Seattle heats up, Sacramento is casting itself as the scrappy underdog the small market that has loyally supported the Kings and is doing everything in its power to keep the team. It appears to have the sympathy of NBA Commissioner David Stern, who has championed Sacramento over the years and is urging the city's investors to strengthen their bid for the Kings.

Ultimately, the decision will have little to do with sympathy. Issues of dollars and cents will rule the day, including data on economic factors such as per capita incomes and television markets. Much will depend on the strength and credibility of each city's proposal for a new, NBA-worthy arena.

-- Sacramento Bee


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