Anaheim City Council Approves Funding For Kings

ANAHEIM, Calif. (AP) — The Anaheim city council has unanimously approved a $75 million bond deal to entice the Sacramento Kings to relocate to Orange County.

The city council voted 5-0 for the measure to a round of applause from a packed City Hall meeting room Tuesday night, calling it another major step in luring the Kings to Honda Center.

Anaheim Mayor Tom Tait repeatedly emphasized the city has no financial risk in the deal. Tait says Anaheim is a conduit for a private investment by Henry Samueli, the billionaire owner of the NHL’s Anaheim Ducks.

Samueli also manages the city-owned arena, and he’s putting his own money into a deal for upgrades to Honda Center and other moving costs.

The Kings must file for relocation by April 18.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Comments

One Comment

  1. Troy Lambert says:

    I hope Anaheim doesn’t betray the County a second time by calling it an LA team.

  2. Sam says:

    This will make the Clippers move out that’s for sure. Once thr Sac Kings move to Anaheim, Clippers will be looking for another city, rumor has it that they are looking to Balitmore or even Austin, TX.

  3. Marty says:

    Sacramento can take the Clippers. Without the Kings, the whole city is gonna go down the toilet. More than 100 people work at ARCO and they will be out of a job. Sacramento lost almost 15,000 jobs last year, more than any other city in the nation. And without a pro sports team to back up ARCO, other big ticket events will stop coming. The last thing Sacto needs is to lose more jobs.

    I know you Southlanders hate us Nor Cal folks so much that you don’t care about anyone but yourselves. All of NorCal could go down the toilet for all you care as long as you’re happy. Well, then…why don’t we just break California in two?

    1. Izzy Ahmad says:

      Kansas City has a brand new arena w/ no current tenant…baltimore and austin cant say the same

    2. Izzy Ahmad says:

      Marty, you want some more CHEESE w/ that WHINE?

    3. Greg Rodmy says:

      Just keep sending the water.

  4. Juan says:

    I think that the KINGS should not come here, we need a football team.

  5. Cheese_Wonton says:

    What a waste of public money. Interesting that a conservative Republican city council and mayor would be stupid enough to buy the NBA song and dance. These deals are always a money looser for the city. If an NBA franchise was so valuable, private venture capital would line up to fund it. But it does not, and that should be a clear warning to taxpayers that these deals are not profitable unless the NBA or NFL is able to pick the taxpayers pocket.
    I call it the Al Davis School of Public Finance.

  6. Tyler says:

    We don’t need a damn basketball team. Keep them out of Anaheim. Go somewhere else. We already have two socalteams.

    1. Marty says:

      I keep saying if Anaheim wants an NBA team, they can take the Clippers. The Staples Center is just 40 minutes from Honda Center. The Kings are more than 400 miles away. It makes no sense for the L.A. metro area to have three NBA teams.

      Remember, the Kings can’t go anywhere unless a majority of NBA team owners support it. The Lakers and Clippers will vote no, so that’s two down.

  7. Cheese Grater says:

    Hey Cheese,

    Learn to think!

    >>Anaheim Mayor Tom Tait repeatedly emphasized the city has no financial risk in the deal. Tait says Anaheim is a conduit for a private investment by Henry Samueli, the billionaire owner of the NHL’s Anaheim Ducks.<<

    No public money. Ya see?

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