
City of Stockton in the Hockey Business?
I was a little taken aback this morning when I read in the Stockton Record that the City of Stockton, or shall we say the City Manager (since it seems from the article that none of the elected officials on council were aware of what was going on), is attempting to cobble together a way to purchase the Stockton Thunder hockey team from owner Michael Reinsdorf. The excuse is that because they feel they have an unfavorable lease that the city can then either keep the team or re-sell it to ownership with a lease agreement that is favorable to the city. The only person on council who opposed it immediately was uber-left councilwoman Susan Eggman.
As many of you know, I am a rabid hockey fan. I have also been an active participant in the debates over public financing of sports teams and facilities. It is a much easier case to make in spending public dollars for facilities than it is to actually BUY a franchise.
The interesting side to this story is the dramatic success of the Stockton Thunder hockey franchise that has become the crown jewel of the ECHL with attendance that other franchises could only hope for. This success has led the ownership to upgrade… Read More