Posted by Katy Grimes at 7:12 am on Mar 04, 2014 Comments Off on The quiet Arena lawsuit moves forward
Last week a judge ruled against the lawsuit to place the
proposed public subsidy for the new basketballarena before
Sacramento voters.
Local media heralded the decision.
But there is another Sacramento arena lawsuit taking place in
Sacramento Superior Court. I’ve attended the court proceedings. And
I’ve written about it.
The lawsuit accuses city officials of making a secret deal to
provide an extra $80 million of public money to help the investors’
group beef up its offer against a well-funded Seattle group that
wanted to buy the Kings and move them to Seattle, which lost its
NBA team to Oklahoma City in 2008. Plaintiffs’ attorney Patrick
Soluri said city officials have committed fraud because they have
not fully informed the City Council and the public about details of
the deal.
The city subsidy, according to the lawsuit, is actually $338
million — not the $258 million the city claims.
Most other media seem to be ignoring it, or incorrectly
reporting the importance of the lawsuit, and allegations of fraud
by city officials, and illegal gift of public funds.
This is serious. It’s not about being Kings arena deniers,
as… Read More