Anaheim Or Bust: $75M Bond Requires Kings To Keep City Name
ANAHEIM (CBS) — Residents on Wednesday cheered a decision by lawmakers to dangle a multimillion-dollar carrot in front of the Sacramento Kings in an effort to lure the NBA team to Honda Center.
KNX 1070′s John Brooks reports the City Council members voted unanimously to issue up to $75 million in bonds for improvements at the arena.
In addition to the funds, the City Council also approved language that would require any NBA team playing here at Honda Center to use Anaheim — and only Anaheim — in its team name.
While both city officials and residents hope the move will boost the local economy, KNX 1070 sports anchor Randy Kerdoon says the more affluent fans in Orange County may be better suited to support an NBA team than Sacramento.
The Maloof brothers, who own the Kings have until April 18 to submit a relocation request to the NBA league office.
League owners could vote to support the move as early as May.
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