A letter was faxed to the NBA Commissioner on behalf of Sacramento’s business community Thursday, saying “it is time for the Maloofs to sell their ownership of the franchise (Kings), for the good of the city…”.
The group, led by self-described entrepreneur Greg Hayes, believes Sacramento deserves an “ownership group that is fully committed to being a good-faith, constructive participant in the arena process”.
There has been recent doubt over the maloofs investment into the new arena, as they question their contributions to pre-development funds.
The group considers the potential new arena to be critical to the economic development of the area.
The City of Sacramento is also inviting the public to take part in a workshop to talk about and provide feedback on the proposed site plans of the new Entertainment and Sports Complex (ESC).
The proposed facility will cost $347 million and cover 675 thousand square feet on a 13-acre site. The City is currently planning to place the project next to the historic Sacramento Valley Station Depot. The ESC will include a sports arena and it is planned to replace Power Balance Pavilion, currently in Natomas.
The workshop will take place on Thursday between 5:30 p.m. and 8 p.m. at City Hall on the first floor lobby.
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