Arena

Sacramento Kings arena is losing money. MLS keeps turning down city expansion efforts. Mayor thinks more sports teams would help

Did we mention that San Diego, the city who did win the expansion team, paid a $500 million expansion fee? That is three times what their proposed stadium was supposed to cost. Yikes. The mayor also seems to enjoy telling the public how much he is doing behind the scenes. He can't just tell us because...he can't. He told the Sacramento Bee that when it comes to whether Sacramento will get an MLS team, the mayor wishes that he “could tell you and the public everything, but I can't”. What about possibly getting an MLB team? The A's? He…

Arena

The Sacramento Kings arena has revenue questions both for today and in the future

Sacramento's debt manager recently announced that at the end of 2024, a city assessment will need to be done to figure out how the city will pay off the arena's bond debt. The city may be forced to dip into their general fund to pay off the bonds that are due. Similar to what the city had to do in 2021-2022 when arena revenues were again down to a point where the revenues did not pay off the yearly bond payment.