Applied Economics teaches the Sacramento Kings how to polish a small turd into a large diamond
Didn't Sacramento arena critics foresee this exact issue in 2013-2014, when the deal was being discussed publicly? Why yes, they did. Not to worry, though, as “city officials…insisted it wasn’t likely” that the city would ever need to dip into their general fund since parking revenues would always cover the yearly bond payments. You see, the arena deal “protects the general fund” as arena supporters claimed in 2013.
