After the monumental flop of last year’s “arena deal” in Sacramento – with voters spanking a proposed tax hike to pay for what amounted to a half-billion-dollar subsidy for the owners of the Sacramento Kings – you’d think folks would have learned something. Or not.
Keeping the Sacramento Kings in the area and building a first class entertainment venue are laudable goals – as long as taxpayers don’t get soaked along the way.
The last proposal was simply a bad deal for taxpayers. And everyone involved lost credibility and public support by trying to be too clever instead of putting together a solid proposal that could stand on it’s own merits.
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