The Sacramento city council voted last night to change the list of properties being given to the Kings owners in a land swap, substituting three downtown parcels for 60 acres at Haggin Oaks golf course, and … man, even I’m having a hard time caring about this, especially considering that the new parcels are estimated to be about equal in value to the old one, and either way it’s only about $3 million, which is a drop in the bucket compared to all the money Sacramento would already be spending in the deal. What else you got?
The council also voted Tuesday to change the arena term sheet to allow the city to own the land under the planned arena; the city had already decided to own the arena itself.
Wait, now this is interesting! Would it change the property tax payments the Kings would be responsible for? Give the city a new asset that it could use if the Kings eventually move out? Tell us, Sacramento Bee!
Dangberg said allowing the city to control both the land and arena will “greatly simplify our agreement.”
Call The Bee’s Ryan Lillis, (916) 321-1085. Read his City Beat blog at www.sacbee.com/citybeat.
The draft environmental impact report for the Kings arena was also released this week; you can read it here in advance of tonight’s Sacramento council meeting, or just wait for the terrible coverage in tomorrow’s Bee.